What Is Agriculture Gold Loan

Gold loan apply for agricultural rural banking gold loan online in india at sbi.

What is agricultural practices. How to start a gold loan bank in keralaindiawhat are the requirements means terms condition. Axis bank offers gold loans for farmers to help them with their agricultural and allied activities. The loan amount can be used to meet various farming expenses such as buying machineries or to meet cost related to cultivation of crops.

The agriculture gold loans are available at relatively low interest rates and may offer certain relaxations on loan processing and repayment. Interest rate per gram up to 1l is 425 above the base rate and 475 above 1l. Prospective borrowers can apply for a short term agriculture loan or a long term agriculture loan based on their needs.

Banks provide borrowers with this loan by keeping gold jewellery and coins which is returned back to the loan borrower upon repayment of the loan amount that is due. One can get a gold loan up to a maximum of inr 150 lakhs. Sbi offers up to rs.

Agriculture gold loan eligibility tenure loan amount and interest charges vary from one lender to another. The gold loans are available at attractive interest rates. The processing fees for these loans can be as low as 0 and can go up to around 4 of the loan amount.

10l over a period of 3 years against 70 80 market value of the gold deposited by a farmer. Below are more details on gold loan for agriculture. The applicant can avail this type of loan by pledging their gold ornament as security.

Following documents must be submitted to avail gold loan. The loan against gold for farmers is available starting from rs. With federal banks agri gold loan individuals can now get an instant loan against their jewellery at lower rates.

Gold loan is a secured loan as the loan is provided by the banks against gold collateral. Since its a secured loan the interest rates are as low as 4 per annum. Notable features of agriculture gold loans.

We offer convenient repayment schemes and flexible tenure period. A number of leading lenders in the country offers agriculture loan that start at an interest of just 870 pa. Im interested in agriculture loan on gold so i want some more information about this loan type so please provide information.

Sbi agricultural gold loan.