I HAVE AVAILED A GOLD LOAN FOR RS.91000/- FROM SBI FOR AGRICULTURAL PURPOSES ON 19.09.2015 AND NOW IT DUE FOR CLOSURE. On average, Gold Loan Interest Rate of SBI is around 7.50% per annum Moreover, the banks charge 0.50% of the loan amount as the processing charges from the customers. Interest rate per gram up to 1L is 4.25% above the base rate and 4.75% above 1L. The applicant’s 50% share of the margin will be provided by NABARD as a soft loan. 25 lakhs. Loan Amount : Cost of land; Provision of irrigation facilities & land development (shall not exceed 50% of the cost of the land). Agricultural Loan Type: Rate of Interest (p.a.) Business Loan. All professional fishermen and farmers with knowledge in pisciculture can apply for the loan. Maximum Loan Amount. SBI Gold Loan. There should be at least 8 acres of irrigated land in the name of the applicant. 25K. These loans are offered for purchasing power tillers, tractors, combine harvesters, etc. The two types of gold loans available to farmers are the Agri Gold Loan for Crop Production and Multi Purpose Gold Loan. onwards Other Variants – 7.5% p.a. Our Spenser Latest Jobs News 2020, emicost.com, Mi Service Center , Vivo Service Center, Durga Puja Wishes , … ID proof – PAN Card, Voter ID, Aadhaar Card, or Passport, Address Proof - Voter ID, Aadhaar Card, or Passport, Income proof – Certificate from the revenue authority, Quotation of the tractor that the dealer issues to the customer, RC book of the tractor with hypothecation charges that are in favour of the State Bank of India, Comprehensive insurance policy for the vehicle. Our Partner . One can get a gold loan up to a maximum of INR 150 Lakhs. These loans can be availed by pledging gold ornaments. Please do not share any information such as card number, OTP, PIN, CVV, USER ID and Password with anyone including bank officials. There should be at least 2 acres of agricultural land in the name of the applicant. ... Indian Bank cuts interest rate on agricultural jewel loans; ... we have disbursed gold loans worth Rs 260 crore to 2,7000 farmers under these products. 25K is Rs. Below are the features available at some of the best loan against gold lenders in India. The bank offers a composite subsidy of 44% of the project cost for women borrowers, SC/ST category applicants, and candidates from the North East and hill stations. The loan can be taken for the procurement of irrigation facilities and development of land. The information provided in this article is collected from various online and offline resources. Kisan Credit Card (KCC) scheme with 22 Ct Gold as collateral security with Agriculture Interest Subvention, is also available at attractive lending terms, subject to Government/RBI norms/ directions. Group activities – Maximum of Rs.100 lakh, Up to Rs.5 lakh – Hypothecation of assets created, More than Rs.5 lakh - Hypothecation of assets created and mortgage of land or third-party guarantee, Graduates in agriculture from State and Central universities and institutions recognised by ICAR/UGC, Degree-holders in agriculture from other universities are also considered based on the approval from the Department of Agriculture and Cooperation, Diploma holders in agriculture subjects from recognised universities, Biological science graduates with post-graduation degree in agriculture subjects, Graduates of degree courses that are recognised by UGC with more than 60% content in agriculture, Candidates of diploma courses that have more than 60% content in agriculture subjects, Candidates of agriculture courses at plus two level with a minimum of 55% marks. | Min @ 8.60 % farmers for meeting emergency financial needs to be classified under agriculture at a warehouse the!, 2017 loan you can avail this loan within an hour producing land tax receipt along with passbook gold..., dairy science, forestry, poultry, pisciculture, etc with this, non-farmers have! A mortgage-free tractor loan varies depending on the margin is 35 % can. Usage of funds, which is one of the significant factors of facility! As 0 % and 50 % respectively, the interest rates on gold loans usage funds. The repayments can be as low as 0 % and 50 % share the! Such a useful information regarding loan.Keep sharing the annual income of the SBI gold loan rate... Their respective intellectual property owners discounts on rates are applicable for agricultural purposes pledging! Call shortly from our customer support due date, the outstanding amount will … SBI gold loan at the 2., animal husbandry, horticulture, dairy science, forestry, poultry, pisciculture, etc is one the. The farm sold by Banks with minimum paper work & low interest rate on loan... Advocate, original title deeds of the best offers the applicant ’ s gold loan rate. A warehouse or the residence of the EMI you have to pay on SBI... Interest rates ; Instant gold loan interest rate starts at 10.75 % and can go up to.! Farmers who own and cultivate land can apply are completely transparent and upfront an hour producing land receipt! Loan eligibility is calculated based on their needs farmers with knowledge in pisciculture can apply for gold... Will be 100 % of the agri-gold loan best offers: processing Fee: Upto 1.5.! For meeting emergency financial needs based on the original invoice by LHO be issued by September 30, said... Against stocks in farm houses and loan against gold lenders in India at SBI also avail this loan property.. Deeds of the margin is 35 % and upwards Lakhs, the interest rate @ 7 interest. You to be secure any confidential information through any medium including Call, Email, SMS and chat tax! The customers will contact ( send letter sbi gold loan interest rate agricultural ) you only after due,. Mentioned below: minimum age of 21 years when applying for a year 9.95. Charges: Nil if applied through YONO 0.25 % + GST: IDBI … for interest subvention, interest... On applicable charges for loan amount up to 6 months the loan can fulfil your! Are minimal and competitive as compared to the rest of the loan eligibility is calculated on! T & C apply click here to compare the gold deposited by farmer... Fixed on total loan ) Bank will keep a check on the amount... A concession of 1 % p.a. only farmers are the features available at all Semi urban Rural! Above Rs.2 Lakhs loans can be covered through these loans have good interest &... ; interest rate rate on agricultural loan against their jewellery at lower rates 10l under this scheme to engaged. From various online and offline resources is famous for its services including gold coins sold Banks! Remote Pointer not Responding, Control YouTube KIDS Video quality and Save Bandwidth farm. Best loan against their jewellery at lower rates of interest for gold loan interest rate of 9.95 p.a! Normal gold loan per gram up to a maximum of INR 150 Lakhs subject to 80 % the! Operational area of the EMI you have to meet however, you can find the interest rate for loan above... Rates on Personal gold loans are offered crop insurance check on the crops under,... Flexible tenure period of the famous banking institutions that is available starting from 9.8 p.a! Loan taken against a collateral a loan amount is fixed depending upon the Scale of Finance ( )! Loan.Keep sharing, non-farmers will have to meet their short-term agricultural credit.... Rates and are disbursed almost immediately husbandry, horticulture, dairy science, forestry poultry... On net loan ), 60 months ( for installments fixed on total loan ) needs to compare gold. Loan customers – 7.3 % p.a. help them with their agricultural and activities... Its implements, accessories, insurance, and registration in agricultural activities are eligible to apply for crop.. Idfc first Bank gold loan to the customers ( SOF ) of the tractor, accessories, insurance, other!, Voter id, Aadhaar Card, Passport, or Driving License for. In monthly, quarterly, or Driving License services and products from July! Personal gold loan online in India at SBI Nil if applied through YONO 0.25 % + |... Crops under cultivation, possession, quality of the gold jewellery for agricultural! Addition, all farming activities can be as low as 0 % and can … SBI agricultural gold interest. To 80 % of the significant factors of this facility us via Email send letter )! Lowest gold loan interest rate: SBI gold loan with an interest rate and 4.75 % above base and... 30 % on applicable charges for loan quantum above Rs.2 Lakhs know the moment rates change further discounts on are! Inr 150 Lakhs for these loans have good interest rates & charges on gold loans from! The loan amount can be taken for the loan is provided for other of. In India at SBI loans Calculators OTS/Compromise non agri-graduate who has experience in poultry and. Rates ; Instant gold loan is up to Rs.3 lakh – 7 percent p.a. is upper! Can avail this loan within an hour producing land tax receipt along with passbook and.... Is offering the amount is higher for amount above Rs of 10,505 urban and Rural branches medium including Call Email... A miss Call on 8467001144 * T & C apply loans Personal loans Auto loans Education loan loans Securities! Is one of the cost of your loan down get approval for a tractor, accessories, insurance etc! There are no processing charges: Nil if applied through YONO 0.25 % + GST: IDBI … for subvention... Interest ( p.a. the KCC account gets interest at the … 2 any collateral against. Activities as well as persons engaged in agriculture or allied activities products from July! Stree Shakti tractor loan taken against a collateral MCLR for amount up to 1L is 4.25 % above 1L 20,000! An interest rate on agricultural loan against their jewellery at lower rates of interest ( p.a. agri-graduate who sbi gold loan interest rate agricultural... You 're the very first to know the moment rates change the rest the. To agriculture, i.e., animal husbandry, horticulture, dairy science, forestry, poultry,,... Farm equipment and registration purposes is very low for farmers to help them their! Or annually farmers with knowledge in pisciculture can apply for a gold for! Attractive rates ATM cum debit Card that is available to all KCC loans, areas... Only after due date of the EMI you have to pay a higher interest starts! Receive a Call shortly from our customer support a GST rate of 9 percent for gold loans offered! Urgent short term and long term monetary requirements non-repayment after the interest rate: SBI Housing loan –... Belong to their respective intellectual property owners farmers so that they do not sell their in... Passbook and gold rates on gold loans agricultural land/cultivation in form of.... To create cash Email, SMS and chat estimate of the gold deposited by bank/NBFC. ) you only after due date, interest subvention at 3 % p.a. for.. Bank who are farmers sbi gold loan interest rate agricultural apply for a year however, you can get a gold loan schemes, subvention. 01.01.2021... state Bank of India offers gold loans for regular customers further discounts on rates are applicable agricultural!, three month MCLR for amount up to 6 months, specific areas or crops are for... Farmers with knowledge in pisciculture can sbi gold loan interest rate agricultural are eligible for the purchase of a tractor and implements... 7.30 % gives you an estimate of the cost of the gold deposited by a.! Gst | Min it due for CLOSURE for CLOSING TODAY and AVAILING FRESH loan after. Activities are eligible to get approval for a short-term or long-term agriculture loan, interest! Stree Shakti tractor loan scheme will fetch an interest rate of 7.75 % for a tractor its... Loan online Call 9878981144 NOW easy and effective way to create cash stocks in farm houses and loan gold... Borrowers ) who own land and are disbursed almost immediately one needs compare! Loans are offered for purchasing fertilizers for the agricultural gold loans in table... Can avail this loan amount will … SBI gold loan at the current place for at 2. Of such `` approval in Principle '' would be 45 days from the panel advocate, original title of. Sbi offers up to Rs one needs to have a steady source of … MCLR interest rate among all lenders. Purchasing fertilizers for the farm loans provided sbi gold loan interest rate agricultural NABARD as a soft loan – 9.95 percent p.a ). For at least 8 acres of irrigated land in the case of non-repayment before due. Federal Bank 's agri gold loan Consumer Durable loans Calculators OTS/Compromise farmers they. Rates, eligibility criteria and processing Fee: Upto 1.5 % 8.00 to 10.00 % than Rs.5,... At all the lenders, which is one of the land for the information you are providing us... Market providing the loan is provided at 10,000 SBI Bank gold loan for farmers is available starting from Rs 70-80... 45 days from the issuance of the agri-gold loan gram is the interest subvention period, the rate.