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PMFME

Maximum amount ₹30.00 lakhs

Tenure of the loan: 48 months

Rate ofInterest:11%p.a

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Know About

PMFME

The PMFME Scheme is a centrally sponsored scheme launched by the Government of India to support and promote the formalization of micro food processing enterprises in the country. The scheme aims to enhance the competitiveness of these enterprises and to promote their growth by providing various financial and technical assistance.
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  • Can avail loan for meeting Business/ Marriage/ Education/ Health/ Repayment of higher interest obligation.
  • Longer tenure of repayment
  • Continued use of property
  • Quick approval of loan.
  • No prepayment/foreclosure charges
  • Individuals who have the title deed registered in his/her name.
  • Individuals (other than NRIs) from the age of 21 to 65 years whose maximum age on due date is not to be more than 75 years.
  • The prospective borrower/s should be a customer of our bank.
  • The prospective borrower/s should have the repayment capacity.
  • The income of Co-applicant/s shall also be taken into consideration for arriving the repayment capacity of the prospective borrower.
  • Minimum CIBIL Score is 650.
  • Minimum extent of property should be 50 sq.yards.
  • Term loan: ₹30.00 lakh
  • Tenure of the loan upto 120 months
  • Processing charges: Term loan: 1% of the Total outlay of the Project. Working capital loan: 0.25% of the loan amount.
  • Working capital loan: ₹10.00 lakh.
  • Repayment:7 years (Term Loan), 1 year(working capital)
  • Rate of Interest:11%p.a

Other Loans
PMEGP
The Bank Finance Housing Loans for House construction/purchase,repairs/modifications etc.
Sahakara Fish Andhra Loan
To generate employment opportunities in rural as well as urban areas through setting up of new self-employment
CC To Teddy Traders Loan
To generate employment opportunities in rural as well as urban areas through setting up of new self-employment
Petty Traders Loan
To generate employment opportunities in rural as well as urban areas through setting up of new self-employment

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Corporate Office

27-29-28 NTR Sahakara Bhavan, Help Hospital Road, Governorpet, Vijayawada- 520 002.

Office Hours

Mon - Fri: 9.00am to 5.00pm

Front Desk

1800-4252345 info.tech@apcob.org

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    FAQ's

    What is a mortgage loan?

    A mortgage loan is a type of loan provided by banks or financial institutions to individuals or businesses to finance the purchase of real estate property, such as a house or land. The property being purchased serves as collateral for the loan.

    How does a mortgage loan work?

    When you take out a mortgage loan, the lender provides you with a certain amount of money to buy the property. You then make regular monthly payments, which include both the principal amount borrowed and interest, over a specified period (loan tenure) until the loan is fully repaid.

    What is the loan tenure for a mortgage loan?

    Mortgage loan tenures can vary, but common options are 15, 20, or 30 years. The length of the loan tenure affects the monthly payment amount and the total interest paid over time.