agricultural loan against security of gold jewellery

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  • agricultural loan against security of gold jewellery
  • Eligibility
    Purpose Loan available for the short term production and long term investment for agriculture/allied activities as well as domestic requirements such as education, consumable items, Medical expense etc.
    Eligibility The scheme shall be open for all the farmers/ cultivators engaged in agriculture irrespective of land holding.
  • Rate of Interest
    Crop production Loan
    Upto ₹ 3.00 lakh 7%
    • As per RBI interest subvention scheme, at present the interest charged on short term production loan with a principal amount upto ₹ 3.00 lakh is 7% p.a.
    Term Loan
    Upto ₹ 50,000 MCLR+1.00%
    Above ₹ 50,000 & upto ₹ 2.00 lakh MCLR+1.50%
    Above ₹ 2.00 lakh MCLR+2.00%
  • Margin
    Demand Loan/ CC/ OD 25% against value of gold jewellery offered as collateral security as assessed / appraised by the approved valuer.
    Term loan 50%
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