Empowering you to be an Atmanirbhar Woman.
Own the evergreen, traditional ornament of prosperity.
Agri Gold Loan
Need a loan for your agriculture & allied activities? Pledge your ornaments and get cash with this straightforward and simple loan.
|1.||Type of facility||Cash Credit and Demand Loan|
|2.||Purpose||Agriculture & Allied activities and other priority sectors|
|3.||Eligibility||All individuals being true owner of the gold ornaments/jewellery & specially minted Gold coins sold by the Banks (Maximum up to 50 gm per borrower). The applicant must be Indian resident.|
|4.||Maximum Limit||Rs.25.00 lakhs per borrower.|
|6.||Repayment Mode||Repayment schedule will be as per the income generation of the borrower. In the repayment clause, the interest/principal servicing be synchronized with the harvest of crop and cash flow, depending on the activity of
For advances other than crop loan, the loan should be repaid in monthly/quarterly/half yearly instalments with maximum moratorium period of 12 months as per cash accrual. However, the period of loan should not exceed 12 months. .
|8.||Processing charges||Up to Rs 3.00 Lakhs – NIL
Above Rs 3.00 Lakhs up to Rs 25.00 Lakhs – Applicable charges + GST.
Security Secured by min. 18 carat Gold Jewellery/Ornaments.
|9.||Pre closure / Pre payment||NIL|
* Subject to change of MCLR .
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