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| APSRTC CCS Loan |
APSRTC CCS Loan Information: Eligibility & Apply Online 2023
APSRTC CCS Loan (Andhra Pradesh Road Transport Corporation Cooperative Credit Society) is a loan scheme for employees, under which employees can avail of loans up to Rs 5 lakh at an interest rate starting from 12% per annum with a flexible tenure of 5 years. If you are an employee and member of APSRTC CCS, then you can apply for this loan. Here we will tell you about APSRTC CCS Loan Eligibility Information, Features, and Charges.
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APSRTC CCS Loan Information
| Article Topic | APSRTC PF CCS Loan Scheme Information |
|---|---|
| Interest Rate | Competitive interest rate starting from 12% p.m. |
| Loan Amount | Up to 5 Lakhs |
| Tenure Time | Up to 5 Years |
Table of Contents
Features & Benefits of APSRTC CCS Loan
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Disadvantages of APSRTC CCS Loan:
APSRTC CCS Loan Eligibility Criteria
- APSRTC CCS Loan Scheme was generally available to the employees of APSRTC, such as permanent, temporary, and retired employees.
- Loan eligibility is subject to a minimum service period requirement of 10 years, which the employees complete before becoming eligible for a CCS loan.
- Applicants are generally required to have a satisfactory conduct record during their employment with APSRTC. Any disciplinary issue or misconduct may affect the eligibility for the loan.
- Employees who have taken any previous loans from APSRTC or other financial institutions are generally required to repay those loans before becoming eligible for a CCS loan. Outstanding loan obligations affect eligibility.
- Employees who want to apply for the APSRTC CCS loan usually need to avail salary deduction facility with APSRTC. That means the loan payment will be deducted directly from the salary of the employee.
What is an APSRTC CCS loan?
APSRTC CCS loan scheme provided by Andhra Pradesh State Road Transport Corporation (APSRTC) to its employees. It aims to offer financial assistance for various personal needs such as education, housing, medical expenses, vehicle purchase, etc.
Who is eligible for the APSRTC CCS loan?
Eligibility for the APSRTC CCS loan is typically open to APSRTC employees, including permanent, temporary, and retired employees. Specific eligibility criteria, such as length of service and conduct record, may apply.
How much loan amount can I get under the CCS scheme?
Generally, the APSRTC CCS Loan limit is up to 5 lakhs. The loan amount granted under the CCS scheme may vary depending on factors such as the purpose of the loan, the applicant’s income, repayment capacity, and the internal guidelines of APSRTC. APSRTC will determine the maximum loan amount based on these factors.
How do I repay the APSRTC CCS loan?
The loan amount is typically repaid through salary deductions. The specific repayment terms, including the installment amount and duration, will be specified by APSRTC. The loan repayments are deducted directly from the employee’s salary.
How can I apply for the APSRTC CCS loan?
APSRTC will have a designated application process for the CCS loan. You can inquire about the application procedure from the APSRTC office or visit their official website for the application form and guidelines.
