Introduction:
In this article, we will discuss Andhra Pradesh Road Transport Corporation (APSRTC) and APSRTC CCS loan eligibility, interest rates, and how to apply. I hope you find this article helpful.
It is a scheme created by Andhra Pradesh Road Transport Corporation (APSRTC) in which the employee contributes a fixed amount to the loan fund every month. The loan amount is then distributed to the employee as per requirement. If you are an employee of APSRTC, you can easily apply for a loan. So, without wasting your time, let’s get to the point and learn complete information.
APSRTC CCS Loan Eligibility:
Do you want to take a loan from APSRTC CCS? If yes, you should know about APSRTC CCS Loan Eligibility before getting a loan. The points below will help you do so.
- Should be a permanent employee of APSRTC.
- Employees have completed at least ten years of service.
- It would help if you were a member of the APSRTC CCS and you have a good repayment record.
Suppose you follow these points. Then, you have the Eligibility to get a loan from APSRTC CCS.
APSRTC CCS Loan Information:
| Loan Name | APSRTC CCS Loan |
| Loan Type: | Contributory Service Loan |
| Interest Rate: | 12% per annum |
| Loan Amount: | Up to Rs. 5 lakhs |
| Loan Process: | Online |
| Period: | Up to 5 years |
APSRTC CCS Loan – Loan Amount and Interest Rate:
If you are going to take a loan from a bank or financial company, you should check the interest rates on the loan amount before accepting the loan. Let’s know about APSRTC CCS Interest Rate and loan amount by table.
- Loan amount: Generally up to Rs. 5 lakhs
- Interest rates: 12% per annum
- Period: up to 5 years
Charges of APSRTC CCS Loan:
If you want to know about the charges for an APSRTC CCS Loan, Then you can learn about it.
- Interest: 12% per annum
- Processing fee: Rs. 500
- Late payment charges: 1% per month
APSRTC CCS Loan Documents Required:
When you apply for a loan, you need to complete some Required Documents. This is the same process as taking a loan. If you want to take a loan, you must complete the Required Documents. If you don’t know about the Required Documents, you can read about them below.
- Proof of employment
- Proof of identity
- Loan application form
- Proof of address
- Salary slip
- Bank statement, Etc.
Generally How to Apply for an APSRTC CCS Loan:
If you have completed the required Documents and are eligible to take an APSRTC CCS Loan, you can easily apply for some steps to follow. You can know the steps below.
- First of all, visit the official APSRTC CCS website.
- Second, click the “Apply for CCS Loan.”
- The 3rd step is to fill out the online application form & upload the required documents.
- After that, Submit the application form.
After that, your form goes for review; if you are eligible for the loan, then you can get the loan.
Apsrtc CCS App:
If you want to know about the Apsrtc CCS app, visit the Apsrtc CCS website. After that, click the Android App. After that, you can see the Apsrtc CCS Android app.
Who is eligible for a CCS loan?
Eligible for a CCS loan, an employee must be a permanent employee of APSRTC, Have completed at least ten years of service, and be a member of the APSRTC CCS.
Conclusion:
In this article, we have discussed APSRTC CCS Loan Eligibility, the APSRTC CCS Loan, and the Multipool topic. If you are an APSRTC CCS member, you can apply for the loan very quickly. But keep in mind that you must be eligible for a loan when you use it; otherwise, you will not be able to get it.
Read also: Snapit Loan: Your Financial Lifesaver.