What is the minimum amount of loan for agri gold loan?
The loan against gold for farmers is available starting from Rs. 25,001 to Rs. 25,00,000.
What is SBI Agri Gold loan?
SBI Agricultural Gold Loan to enable farmers to meet their short-term agricultural credit needs. This is one of the easiest and convenient loan for farmers when they are in emergency needs of fund. An existing account holder can avail this loan within an hour producing land tax receipt along with passbook and gold.
What is agri jewel loan?
This is a package designed for farmers to avail loan for Agricultural purpose against security of their gold Jewellery. Eligibility. Individual farmers who own jewels and are engaged in Agricultural activities are eligible. Purpose. To meet the short term credit requirements for cultivation of crops.
What is KCC gold loan?
Kisan Gold Card (KGC) is privileged credit card provides a general-purpose loan meant for meeting credit needs of farmers for productive and consumption purposes. Farmers having good track record of repayment in their ACC / ATL / KCC accounts for the last two years.
Which bank is best for agricultural loan?
- State Bank of India (SBI) State Bank of India (SBI) is the market leader when it comes to agriculture-related financing.
- ICICI Bank.
- HDFC Bank.
- Punjab National Bank (PNB)
- Allahabad Bank.
- Axis Bank.
- Oriental Bank of Commerce (OBC)
What is the rate of interest on agriculture loan?
Compare Best Agriculture Loan Interest Rates in India
| Name of the Bank | Interest Rate |
|---|---|
| ICICI Bank (Agri Term Loan) | 10.00% – 15.33% p.a. |
| Central Bank of India (Cent Kisan Tatkal Scheme) | 8.70% p.a. onwards |
| IndusInd Bank (Crop Loan) | 10.15% – 14.75% p.a. |
| HDFC Bank (Retail Agri Loans) | 9.10% – 20.00% p.a. |
How can I get Agri gold loan?
Documents Required
- Duly filled in application form with passport-sized photographs.
- KYC Documents of the applicant: Passport, Voter’s ID card, PAN card, Aadhaar card, Driving License, Utility Bills (Water and Electricity)
- Proof of agriculture land in the name of the applicant.
- Proof for cultivating the crop.
Which bank is best for gold loan?
Top 6 Banks Offering Cheapest Gold Loans For Farmers at Attractive Interest Rates; Details Inside
| Bank/NBFC | Gold Loan Interest Rate | Processing Fee |
|---|---|---|
| SBI | 7.00% to 7.50% | 0.50% + GST |
| Punjab & Sind Bank | 7.00% to 7.50% | Rs.500 to 10000 max |
| Union Bank | 7.25% to 8.25% | – |
| Canara Bank | 7.35% | Rs.500 to Rs.5000 |
Which is the cheapest gold loan?
Popular Banks with Lowest Rates on Bullet Repayment Scheme
| Bank name | Gold loan Interest rate | Tenure |
|---|---|---|
| HDFC Bank | 9.00% – 15.00% | 3 months to 24 months |
| Yes Bank | 9.99% – 9.99% | 6 months to 36 months |
| Fincare Small Finance Bank | 10.99% – 24.99% | 3 Months to 9 Months |
| Axis Bank | 14.00% – 16.50% | 6 months to 24 months |
Which bank offers cheapest gold loan?
ICICI Bank, for example, offers gold loans ranging from Rs 10,000 to Rs 1 crore. The State Bank of India (SBI) provides gold loans ranging from Rs 20,000 to Rs 20 lakh. Muthoot Finance, on the other hand, offers gold loans starting at Rs 1,500 with no maximum restriction.
What is the interest rate of Agriculture gold loan?
The agriculture gold loans offered by financial institution starts at an interest rate of 7.00% and onwards per annum. Agriculture gold loan interest rates, eligibility, repayment tenure, fee & charges shall vary from bank to bank.
What are the best agricultural loans in India?
Bank of Baroda is another leading name people look to when it comes to availing loans for agricultural purposes. They have various schemes, covering almost all the sectors in agriculture. For instance, one can take loans to purchase tractors and heavy machinery needed for day to day operations.
What if I am not eligible for agriculture gold loan?
In case you are not eligible for Agriculture Gold Loan or looking for other options to fund your agricultural needs, you can also opt for Kisan Credit Card (KCC). Kisan Credit Card is a Government of India scheme which aims to save farmers from high-interest rates usually charged by money lenders in the unorganised sector.
How much does it cost to borrow gold in India?
* For other purposes-On the basis of actual credit requirement. Rs. 3250 per garm of Gold of 22 carat purity and Rs.3550 per garm of 24 carat purity gold. (subject to periodic review based on the market price of gold) * (Gold Coins issued by our bank weighing Maximum 50 grams per borrower will be accepted).