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% | |
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.
| 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 |