Best answer: How can I get gold loan in agriculture?

What is the minimum amount of loan for agri gold loan?

The loan against gold for farmers is available starting from Rs. 25,001 to Rs. 25,00,000.

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.

Who is eligible for agriculture loan?

Farmers, Dairy Owners, Horticulturists, and any Orchard owners are eligible to apply for an Agriculture Loan. Most lenders prefer the age of the applicant to be within 24 to 65 years of age. However, there are few banks who offer loans to applicants are 18 years of age. The eligibility differs from one bank to another.

Which bank has lowest interest on 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
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What is the maximum loan limit for Agri Gold Loan in Yono Krishi?

Agri Gold Loan for Crop Production

Up to Rs. 3 lakh – 7% p.a. More than Rs.

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 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.

What is liquid gold loan in SBI?

The bank has Liquid Gold Loan scheme, which is an overdraft facility. You can also take a loan against gold solely for agricultural purpose. SBI offers flexible repayment options. This helps borrowers to manage their finances and plan out repayments better.

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.

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Can I get loan to buy farmland?

If you want to buy an agricultural land and live in a city, you cannot avail a loan to buy the land. Loans for land are exclusively meant for the purchase of plots for residential purposes.

How much deposit do I need for a farm loan?

The deposit you’ll need for a rural property will depend on the size of the property. Lenders may allow you to borrow with a deposit as small as 5-10%, or as much as 30%, depending on the size and location of the property.