Table of Contents
- 1 What is the interest rate for agriculture gold loan in SBI?
- 2 Which bank has lowest interest rate on gold loan?
- 3 Which bank is best for agriculture gold loan?
- 4 Which bank gives highest value for gold loan?
- 5 Which is the best option for gold loan?
- 6 What is the interest rate of Indian Bank on gold loan?
- 7 What are the benefits of SBI Agri Gold Loans?
What is the interest rate for agriculture gold loan in SBI?
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….Key Features and Benefits:
| 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 |
Which bank gives maximum loan to farmers?
State Bank of India (SBI) is the pioneer and market leader in Agri financing. It has a vast network of 16,000 branches all over India, which covers more than 1.01 crore farmers.
Which bank has lowest interest rate on gold loan?
Low Interest Gold Loan Rates: Top 5 Banks
| Banks | Interest Rate | Tenure |
|---|---|---|
| ICICI Bank | 9.00\% | 6 months to 12 months |
| HDFC Bank | 9.00\% | 3 months to 24 months |
| Yes Bank | 9.99\% | 6 months to 36 months |
| IndusInd Bank | 10.00\% | 3 months to 24 months |
Which bank is best for agricultural 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 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 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 gives highest value for gold loan?
Best Gold Loan Interest Rates Comparison
| HDFC Bank | 9.50\% to 17.55\% |
|---|---|
| Muthoot Finance | 12\% to 27\% |
| ICICI Bank | 10\% to 19.76\% |
| Punjab National Bank | 8.75\% to 9.0\% |
| Yes Bank | 8.40\% to 14.40\% |
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.
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 |
What is the interest rate on gold loans offered to farmers?
Indian Bank has slashed its interest rate on gold loans offered to farmers to 7\%. The state-owned lender has cut interest rate on its short-term gold loan scheme — Bumper Agri Jewel — from 7.5\%. The reduction has been done considering the pandemic situation and also to provide easy credit to needy farmers at a cheaper cost, it said.
What is the interest rate of Indian Bank on gold loan?
The state-owned lender has cut interest rate on its short-term gold loan scheme — Bumper Agri Jewel — from 7.5\% Indian Bank has slashed its interest rate on gold loans offered to farmers to 7\%. The state-owned lender has cut interest rate on its short-term gold loan scheme — Bumper Agri Jewel — from 7.5\%.
Where can I get a gold loan for agriculture?
Gold loan against agriculture is available across all the Rural and Semi-urban branches. Below is the list of some banks providing gold loan to farmers along with their loan amount and repayment tenure: Note: The above mentioned fees and charges are subject to change and depend on the sole discretion of the bank and RBI.
What are the benefits of SBI Agri Gold Loans?
SBI agri gold loans have attractive interest rates and are disbursed immediately. And most importantly all farming activities can be covered via these loans. Under this scheme of SBI, a farmer can deposit the gold ornaments in the bank and take loan as per his need.