What is the interest rate for agriculture gold loan in Canara Bank?

Canara Bank Agri Loan Interest Rates

S. No Agriculture Loan Limit Applicable Rate of Interest
F Gold Loans for Non-Crop Purpose
1. Gold Loans and GLOD for Agricultural Purposes MCLR + 0.45%
2. Gold Loans and GLOD above Rs.2 Lakhs up to Rs.5 Lakhs MCLR + 2.45%

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Correspondingly, is gold loan available in Canara Bank?

Canara Bank gold loan is also known as Swarna Loan and is offered at an interest rate of 7.65% onwards per annum. Other two gold loan products offered by Canara bank include Swarna Overdraft and Swarna Express. The application and disbursal process is quick and hassle-free.

Keeping this in consideration, what are agricultural loan rates? Current FSA Loan Interest Rates

Program Interest Rates
Farm Operating – Microloan 1.750%
Farm Ownership – Direct 2.875%
Farm Ownership – Microloan 2.875%
Farm Ownership – Direct, Joint Financing 2.500%

Just so, what is agricultural jewel loan?

Agricultural Jewel Loans. Objective. 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.

What is rate of interest on gold loan?

Gold Loan Interest Rates Comparison

Name of the Bank Interest Rate Loan Amount
HDFC Gold Loan 11% p.a. to 16% p.a. Rs.10,000 onwards
Canara Bank Gold Loan 7.35% p.a. Rs.5,000 to Rs.35 lakh
Muthoot Gold Loan 12% p.a. to 26% p.a. Rs.1,500 onwards
SBI Gold Loan 7.00% p.a. onwards Rs.20,000 to Rs.50 lakh

What is the interest rate for agriculture gold loan in SBI?

These loans can be availed by pledging gold ornaments. The entire loan process is easy and convenient. The loan is provided at 10,000 SBI bank branches.

Interest Rate Up to Rs.3 lakh – 7% p.a. More than Rs.3 lakh – 9.95% p.a.
Margin As per the Loan To Value Ratio fixed by the bank

What is the interest rate for agriculture gold loan?

Compare Agriculture Gold Loan from Leading Banks – 2021

Agriculture Gold Loans Interest Rate* Processing Fee
Indian Bank 7.00% Nil
Union Bank Gold Loan 7.20% Nil
Bank of Baroda Agriculture Gold Loan 7.70% Up to Rs.3 lakh- Nil Above Rs.3 lakh- 0.25% + GST
SBI Multi Purpose Gold Loan 8.25% Nil

Which bank is best for agriculture gold loan?

Axis Bank offers Gold Loans for farmers to help them with their agricultural and allied activities. The Gold Loans are available at attractive interest rates. The loan against gold for farmers is available starting from Rs. 25,001 to Rs.

Which bank is best for crop 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.

Which is the best option for gold loan?

List of Top 10 Banks / NBFCs offering Gold Loan in India – 2021

Gold Loan Providers Interest Rate Tenure
Axis Bank 12.50% p.a. onwards From 3 months to up to 3 years
Manappuram Finance 9.90% p.a. onwards 3 months onwards
Federal Bank 8.50% onwards Minimum 6 months
Bank of Baroda 8.75% p.a. Up to 12 months

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