Gold Loan for crop production

Agri & RuralCrop LoanGold LoanFarm mechanization Loan
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Allied ActivitiesMiscellaneous ActivitiesAgri Debt Waiver - Relief Scheme-2008
Gold Loan for crop production

Features

  • Avail the loan against your gold ornaments
  • Easy and hassle-free loan process
  • Effective interest rate is as low as 4% p.a.
  • Available at more than 10,000 branches across India
  • Collateral Security Pledge of gold ornaments
  • Margin is as per the LTV fixed by bank from time to time
  • Rate Of Interest Upto Rs. 3 Lac
    • 7% p.a (During interest subvention period)
  • Rate Of Interest Above Rs. 3 Lac is 9.95%
  • 9.95% p.a. interest will be applicable on outstanding amount after interest subvention period
  • The borrower should be an agriculturist
  • The amount of loan is fixed according to the prescribed ‘Scale of finance” (SOF) of the crop grown, acreage and the loan is used for the stated purpose

Eligibility

  • All farmers engaged in short term crop production

Repayment

  • Demand Loan : 12 months from the date of disbursement of the loan
  • Cash Credit / over draft : Limit reviewed at annual interval and valid for 3 years.

Documents Required

  • Duly filled in application form
  • 2 latest passport size photographs
  • Identity proof- Voter ID card / PAN card / Passport / Aadhaar card,/Driving License etc
  • Address proof: Voter ID card / Passport / Aadhaar card / Driving licenseetc
  • Proof of agricultural land / cultivation

Interest Rates

8.15% p.a.

 

*T&C Apply.

 

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