apsrtc ccs loan eligibility
Employees of APSRTC who have completed at least one year of service and earned regular wages during the last three months are eligible to apply for the ccs loan. The loan can be used for a variety of purposes, including medical expenses, education costs, and home repairs.
What is APSRTC?
The Andhra Pradesh State Road Transport Corporation (APSRTC) is the state-run bus service of Andhra Pradesh, India. It operates intracity and intercity bus services within the state, as well as long-distance express services to neighboring states. It also provides contract carriage services for private operators. APSRTC is one of the largest bus fleets in India, with a total of 9,413 buses as of March 2016.
What is the CCS loan?
The CCS loan is a program offered by the APSRTC that helps employees finance their education. The loan is interest-free and can be used for any type of educational expense, including tuition, books, and supplies. Employees can borrow up to $5,000 per year, with a maximum of $20,000 over the course of their career. repayments are made through payroll deductions, and the loan is forgiven if the employee leaves the APSRTC before the end of the repayment period.
Who is eligible for the CCS loan?
The CCS loan is available to any APSRTC employee who has completed at least one year of service. The loan amount is based on the employee’s salary, with a maximum of Rs. 2 lakhs. The interest rate is 9% per annum, and the loan must be repaid within 5 years.
How to apply for the CCS loan?
The CCS loan can be applied for by any salaried individual who is a permanent employee of any government, semi-government or public sector undertaking. The individual should have completed a minimum of one year’s service. The maximum age limit for applying for the loan is 60 years. The loan amount can be between Rs. 10,000/- and Rs. 5 lakhs. The repayment period is between 1 and 5 years. The interest rate on the loan is 10% p.a.
FAQs
1. What is APSRTC ccs loan?
2. Who is eligible for APSRTC ccs loan?
3. How to apply for APSRTC ccs loan?
4. What are the documents required for APSRTC ccs loan?
5. What is the interest rate for APSRTC ccs loan?
6. What is the repayment period for APSRTC ccs loan?
7. Are there any prepayment charges for APSRTC ccs loan?
8. What is the maximum loan amount that I can avail under APSRTC ccs loan?