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Old 1st November 2016, 05:20 PM
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Default SBI Agriculture Gold Loan

I want to apply for Agricultural Gold Loan in State Bank of India (SBI) so can you provide me the details of loan?
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Old 1st November 2016, 05:50 PM
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Join Date: Mar 2013
Default Re: SBI Agriculture Gold Loan

State Bank of India (SBI) provide Agricultural Gold Loans to their customers.

Agricultural Gold Loans

Purpose-

Bank extends hassle free finance to farmers / agriculturists against Gold Ornaments / gold wares to increase their liquidity to meet crop production expenses

Investment expenses related to agriculture or allied agricultural activities.

Eligibility

Person engaged in agriculture or allied activities as well as persons engaged in activities permitted to be classified under agriculture.

Evidence of farming activity (like proof of Land records) is necessary.

Security-
Pledge of gold ornaments.

Quantum of Loan-
Upto 75% of the value of the ornaments.

How do you repay-
Cash Credit / Overdraft: Like KCC, it is a running account for a period of 3 years, subject to review at annual intervals.

Demand Loan / Term Loan:

The repayment period of the loan should be fixed so as to coincide with the harvesting and marketing season / generation of income from the activity, allowing 2 to 3 months time after harvesting to market the produce and realize the proceeds.

The total period will not generally exceed one year from the disbursement of the loan in the case of short-term loan / production credit and 36 months in other cases.

How to apply for this loan
Nearest Branch engaged in Agricultural advance may be contacted.

Customer service: 1800 425 3800
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