APSRTC CCS Loan Eligibility: Know the Requirements and Application Process

Dayaram Dangal September 11, 2023 Loan, Credit, Finance Leave a comment

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The APSRTC CCS Loan is a loan scheme offered by the Andhra Pradesh State Road Transport Corporation (APSRTC) to its employees. The loan is available to permanent, temporary, and retired employees of the APSRTC who have completed a minimum of 10 years of service.

APSRTC CCS Loan Eligibility:

To be eligible for an APSRTC CCS Loan, the applicant must meet the following criteria:

Be an employee of the APSRTC
Have completed a minimum of 10 years of service
Be a member of the APSRTC CCS (Contributory Provident Fund Scheme)
Have a clean loan repayment record with the APSRTC or any other financial institution
Be within the prescribed age limit set by the APSRTC for loan eligibility
Have a valid PAN card and Aadhaar card

The loan amount is up to a maximum of 80% of the employee’s basic salary and dearness allowance. The interest rate on the loan is determined by the APSRTC and is subject to change. The loan repayment period is up to a maximum of 15 years.

How to apply APSRTC CCS Loan?

To apply for an APSRTC CCS Loan, the applicant must submit the following documents:

A loan application form
Proof of identity (PAN card, Aadhaar card, etc.)
Proof of address (ration card, utility bills, etc.)
Employment verification documents (appointment letter, salary slips, etc.)
Bank statements (for the past few months)
Photographs (passport-sized)

The loan application process can be completed online or offline. The online application process can be found on the APSRTC website. The offline application process can be initiated by submitting the loan application form to the APSRTC office.

The APSRTC CCS Loan is a good option for APSRTC employees who need financial assistance for a variety of purposes, such as buying a house, car, or medical treatment. The loan terms are relatively favorable and the interest rates are competitive. However, it is important to note that the loan eligibility criteria are strict and the application process can be lengthy.

Here are some of the benefits of the APSRTC CCS Loan:

Easy to apply for
Competitive interest rates
Flexible repayment terms
Convenient loan disbursal
No collateral required

If you are an APSRTC employee who is looking for a loan, the APSRTC CCS Loan is a good option to consider. However, it is important to carefully read the terms and conditions of the loan before applying.

Consider reading:

Here are some of the things to keep in mind when applying for an APSRTC CCS Loan:

Make sure you meet the eligibility criteria.
Gather all the required documents.
Fill out the loan application form carefully.
Submit the application form to the APSRTC office.
Follow up with the APSRTC office to track the status of your application.

FAQs

What are the eligibility criteria for the APSRTC CCS Loan?
The eligibility criteria for the APSRTC CCS Loan are as follows:
Be an employee of the APSRTC
Have completed a minimum of 10 years of service
Be a member of the APSRTC CCS (Contributory Provident Fund Scheme)
Have a clean loan repayment record with the APSRTC or any other financial institution
Be within the prescribed age limit set by the APSRTC for loan eligibility
Have a valid PAN card and Aadhaar card
What is the maximum loan amount that can be availed under the APSRTC CCS Loan?
The maximum loan amount that can be availed under the APSRTC CCS Loan is up to 80% of the employee’s basic salary and dearness allowance.
What is the interest rate on the APSRTC CCS Loan?
The interest rate on the APSRTC CCS Loan is determined by the APSRTC and is subject to change. However, the current interest rate is 12% per annum.
What is the loan repayment period for the APSRTC CCS Loan?
The loan repayment period for the APSRTC CCS Loan is up to a maximum of 15 years.
What are the documents required to apply for the APSRTC CCS Loan?
The documents required to apply for the APSRTC CCS Loan are as follows:
A loan application form
Proof of identity (PAN card, Aadhaar card, etc.)
Proof of address (ration card, utility bills, etc.)
Employment verification documents (appointment letter, salary slips, etc.)
Bank statements (for the past few months)
Photographs (passport-sized)
How can I apply for the APSRTC CCS Loan?
The loan application process can be completed online or offline. The online application process can be found on the APSRTC website. The offline application process can be initiated by submitting the loan application form to the APSRTC office.