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 |
Just so, how can I get Farmer 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.
- Visit the preferred bank’s website and visit their Kisan Credit Card Section.
- Download & print the Application form.
- Duly fill out the Application form.
- Submit the application and necessary documents at the nearest bank’s branch.
- The loan officer will share the necessary information with the applicant.
In this way, how can I get loan from Kisan PM?
Step 1- Visit PM Kisan Yojana i.e. pmkisan.gov.in. Step 5: Submit to your nearest branch. The Government of India (GoI) offers small farmers who hold KCC a loan of up to Rs 1.6 lakh with no collateral or guarantee. According to tax and investment experts, farmers can take up to a Rs 5 lakh KCC loan in three years.
How do I apply for a farmer loan?
If you are looking to apply for an agriculture loan, it is advisable to research your options online and apply for a loan of your choice by visiting the nearest branch of a lender. When visiting the branch, ensure that you carry the required documentation along with you to quicken the application process.
How much is a crop loan per acre?
DBT will be given at the rate of Rs 4,000 per acre per season for cropping while zero interest loan will be at the rate of Rs 50,000 per hectare to be capped at Rs 1 lakh per farmer, sources told BusinessToday.In. The crop loan is already offered to farmers at a subsidised rate of 4 per cent only.
Is agricultural gold loan available?
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.
Is SBI gold loan Safe?
Security – Gold items provided as security are returned on repayment of loan. Fast approval – This loan is easy to avail, with quick approval and minimal documentation. Low processing fee – SBI charges a processing fee of 0.25% of the loan amount.
Is SBI good for gold loan?
SBI Bank Gold Loan is most popular for agriculture loan on gold as it offers the lowest interest rate on agricultural gold loan starting at 7.00%. Gold Loan interest rate in State Bank of India for regular borrowers is higher than the rate offered by the bank on loans for agricultural purposes.
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 agriculture jewel loan?
Jewel Loan granted for Agriculture purposes such as Crop loans, Development loans, Dairy, poultry, fisheries and other agriculture & allied activities are called as ‘Jewel Loan – Agriculture’. Features :- All kinds of agriculture loans.
What is gold loan in SBI?
SBI Gold Loan can be availed by pledge of gold ornaments including gold coins sold by Banks with minimum paper work and low interest rate. Dial 1800-11-2211 for more information/ applying through Contact Centre.
What is gold loan interest rate in SBI?
What is gold loan subsidy?
Agriculture Gold Loan Subsidy 2020
The interest rate for agriculture Gold loans up to Rs 1 lakh was 7% p.a which was raised to 9.5%. Now, the interest subsidy of 2% and another 3% as a prompt repayment incentive takes down the annual interest on these investments to 4.5 % p.a.
What is rural gold loan?
Our Gold Loan for Livestock is a specific gold loan scheme offered exclusively to people in the rural areas looking towards owning and/or maintaining Livestock (homestead dairy/backyard poultry/goat rearing) for their livelihood.
What is SBI agri loan?
SBI Crop Loan is offered in the form of SBI Kisan Credit Card (SBI KCC) to meet expenses related to crop production, post-harvest activities, etc. … Agriculturists can pledge your gold ornaments to get loan at low interest rate to meet expenses related to your agricultural activities.
What is the interest rate for farmers in India?
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 bank gives highest gold loan per gram?
Gold Loan Per Gram – SBI, Manappuram, Muthoot, HDFC, Axis, Yes Bank & IIFL
| Bank / NBFC | Rate Per Gram | Interest Rate |
|---|---|---|
| ICICI Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.00% |
| Muthoot Finance Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.00% |
| Manappuram Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.25% |
| Canara Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25% |
Which bank gives loan for agricultural land?
The Agriculture land purchase loan is offered by many banks including:
- Union Bank of India.
- Canara Bank.
- Bank of Baroda (Vijaya bank)
- IDBI bank.
- Central Bank of India.
- State Bank of India and more.
Which bank is best 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 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 bank is best for farmers?
State Bank of India (SBI) is the market leader when it comes to agriculture-related financing. It has a wide network of branches spread across the country and offers financing facility to nearly 1.01 crore farmers. SBI offers a whole range of services to facilitate agriculture and allied activities.
Which bank is best for gold loan?
Gold Loan Interest Rates Comparison
| Name of the Bank | Interest Rate | Loan Amount |
|---|---|---|
| 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 |
| Kotak Mahindra Gold Loan | 10.00% p.a. – 17.00% p.a. | Rs.20,000 to Rs.1.5 crore |
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 |
Which loan is best for farmers?
The most notable scheme launched by the NABARD is the Kisan Credit Card (KCC).
- Kisan Credit Card Scheme. …
- State Bank of India Agricultural Loans. …
- HDFC Bank Agricultural Loans. …
- Allahabad Bank Agricultural Loans. …
- Bank of Baroda Agricultural Loans. …
- Punjab National Bank Agricultural Loans. …
- ICICI Bank Agricultural Loans.
Who are the gold loan customers?
Who is eligible to get a gold loan? Ans: You can apply for a gold loan if you are a trader, businessman, salaried employee or self-employed or a farmer. The age criteria vary from one bank to another, however, you can get a loan against loan if you are between 18 and 60 years of age.
Who is eligible for SBI Gold loan?
Any applicant age is above 21 years of age at the time of applying for the loan. Anyone with a constant source of income can avail the loan which also includes bank employees and Pensioners.