Gold Loan in 5 Minutes at 1% p.m.
Call us on 60011600 (Single Number across 18 Cities)
Delhi | Mumbai | Kolkata | Bangalore | Hyderabad | Ahmedabad | Chandigarh | Jalandhar | Ludhiana | Chennai | Pune | Jaipur | Lucknow | Baroda | Surat | Indore | Coimbatore | Bhopal
9878981166 (Other Cities)
Gold Loan for Agriculture Purpose
The leading banks have come up with a smart way of providing loan to farmers if they have agricultural land. The interesting fact is that, most of the Indians have agricultural land, so anyone can avail for this cheapest loan. The interest rate of this loan is just 1 %.
You can only avail to this loan if you have agricultural loan. Many Indians are benefited from Gold Loan.
How You Can be Benefited?
When an executive approaches any customer for a Gold Loans. The basic information is taken out, and they are asked whether they have any agricultural land or not. If Yes, there interest rate is reduced. For that, the 7/12 document is to be produced, which signifies the proof of ownership of land by the revenue department.
HDFC Bank, Axis Bank, ICICI bank and IHDFC Bank, Axis Bank, ICICI Banks and IDBI Banks are the leading banks which offer such loans.
|Gold Loan Scheme||Loan Tenure / Period||Rate of Interest (p.a.)|
|TrueValue Loan||12 months||12.5 % to 15.5 %|
Benefits of Gold
Gold not only enhances the beauty of the lady but is also an excellent investment vehicle. Gold Loans had become very popular from past few decades when the lending companies started to finance the customers against gold. The survey of 2010 says, India has 10% of gold in the entire world. Out of which the Rural India has 65% of gold. All most all the Rural India has agricultural land. With the availability of agriculture land, they can also go for gold loan only at 1 %.
Status of Indian market in Gold Loan:
The Gold Finance Market of India is bigger than the rest of the world. Muthoot Gold Loan, HDFC Bank, Manappuram Gold Loan are the leading Gold Loan providers. According to the present trend, the NBFCs are the leading gold loan providers in India. Loan against Gold is the cheapest rate loan among all other loans, and there are various other benefits of Gold loan.
|Other Leading Gold Loan Providers|
|Manappuram Gold Loan||Axis Bank Gold Loan||HDFC Gold Loan||Other Gold Loan Providers|