Agriculture Gold Loan


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    Agriculture Gold Loan

    About Agriculture Gold LoanAgriculture Gold Loan

    There are times in everybody’s day to day existence when one goes through tough situations as a result of the lack in his day to day existence’s funds. Yet, on the grounds that the banks and NBFCs give the credit on the gold insurances, one can get assets to satisfy his longings.

    Agribusiness Gold Loans are by and large low-interest advances that ranchers can maintain their cultivating business, purchase agrarian land, or cultivating hardware. The point when you use the loaning sum for agribusiness design is known as a horticulture Loan. In general, it assists ranchers with maintaining their organizations all the more productively.

    What is Gold Loan?

    Moreover, the gold collaterals are very safe with the banks and NBFCs. A loan against gold is the financial assistance which is abbreviated as Gold Loan. In this service, the customer has to submit the gold in any form to the bank in the form of collateral against the loan sum. At present, Gold Loan per Gram is ₹ 5,121.

    Features of Agriculture Gold Loan Rate

    • Simple Loan Process- Easy and bother free loan interaction and speedy payment of loan sum
    • Low-Interest Rates- Low-interest rates when contrasted with other kinds of loans
    • Helpful Repayment Schedule- You can either decide to pay the sum in a single amount or in EMIs
    • Insignificant Documentation- The documentation for horticulture gold loan is very straightforward
    • Safety- Gold remains careful in bank vaults
    • Loan Renewal Facility- Some banks additionally give the choice of loan recharging

    Why Dialabank for online Agriculture Gold Loan?

    • Firstly Dialabank offers a very easy process of application for agriculture gold loan
    • The applicant gets a good comparison of the gold interest rates of other banks as well.
    • The company provides the document pick up facility from your doorstep.
    • You will get the best as well as the lowest gold loan interest rate. For more information, call 9878981166 anytime

    It takes an hour to submit your application along with all the necessary documents and submit your gold as security.

    Best Banks For Agricultural Gold Loan

    Agriculture Gold Loans Loan Amount Loan Tenure
    SBI Agriculture Gold Loan Depends on the weight of gold 12 months / 3 years (for overdraft)
    Axis Bank Gold Loan For Farmers From Rs.25,001 to Rs.20 lakh

    For Overdraft: From Rs.2 lakh to Rs.25 lakh

    12 months
    Union Gold Loan Priority sector: Up to Rs.20 lakhNon-Priority Sector: Up to Rs.10 lakh 6 / 12 months
    Federal Bank Agri Gold Loan From Rs.1,000 to Rs.1.5 crore 6 / 12 months
    Bank of Baroda Agriculture Gold Loan Up to Rs.25 lakh Maximum 12 months
    IDBI Agri Gold Loan From Rs.10,000 to Rs.5 lakh Min- 1 month Max- 24 months
    Bank of Maharashtra Agriculture Gold Loan Up to Rs.20 lakh Flexible
    South Indian Bank Agri Gold Loan From Rs.5,000 to Rs.10 crore 6 / 12 months
    Kerala Gramin Bank Agriculture Gold Loan Up to Rs.3 lakh 12 months
    Indian Bank 85% of the market value of gold jewels 6 months

    Agriculture Gold Loan Rate of Interest, Tenure, Loan Amount

    Loan Amount Any amount from Rs.1,000 to Rs.10 crore*
    Loan Interest Rate 7.00% p.a. onwards*
    Repayment Options Lumpsum, EMI
    Gold Items accepted Gold ornaments verified for quality and quantity
    Tenure Starting from 1 month to 24 months*
    Processing Fee 0-1% of the loan amount*

    Agriculture Gold Loan Amount Determination

    Bank or NBFC will take into record the following factors before approving loan amount to the applicant:

    • For crop generation, the quantum of loan will be assessed on the evidence of the scale of finance
    • The actual amount of credit demand by the applicant
    • 75% of the appraised worth of gold ornaments of 22-carat fineness
    • Repayment capacity of the candidate

    Agriculture Gold Loan Documents Required

    Only the people who are involved in agricultural activities can get Agricultural Gold Loan.

    The basic documents that are required are:

    Particular Document
    Form Duly filled application form
    Proof of Identity Copy of:


    Driving license

    Aadhar card

    Voter ID card

    Proof of Address Rent Agreement (Min. 1 year of stay)

    Utility Bills

    Passport (Proofs of permanent residence)

    Ration card

    Photographs 2 passport sized Photographs
    Agriculture Proof Agriculture Land Ownership Proof

    Agriculture Gold Loan Additional Documents Required

    Particular Documents
    Land Proof In the case of Agriculture Loan on the gold of more than Rs. 1 lakh the proof is not needed for allied agriculture purposes
    Demand Promissory Note Certificate by the Jewel Appraiser (Bank will arrange)
    Income Proof Salary Certificate and Form No.16
    KCC Kisan Credit Card a Card was issued to all farmers including small and marginal farmers, tenant farmers, and oral lessees

    Agriculture Gold Loan Eligibility Criteria

    Occupation Criteria short term crop production
    Age Criteria not less than 18 years
    Nationality Indian
    Gold Quality 18 karats to 22 karats

    Purpose of Agriculture Gold Loan

    • Buy land for agriculture purposes.
    • Buy farming equipment as well as cover operating expenses
    • Buy livestock
    • Cover storage/warehouse expenses
    • Help with the marketing expenses
    • Rural housing-related projects
    • Consumption requirements(for marriage, education, religious/family functions)

    Agriculture Gold Loan EMI Calculator

    Utilize our Gold Loan EMI Calculator to check the measure of EMI you will be needed to pay on your gold loan. To compute your EMI, follow the underneath recorded advances:

    Step 1: Click here to go to our Gold Loan EMI Calculator page.

    Step 2: Enter the favoured loan sum, interest rate and loan residency

    After effectively presenting the previously mentioned subtleties, you will actually want to see the EMI sum on the correct side of the screen. By looking at changed EMIs on various upsides of loan sum, interest rate and loan residency, you can pick the ideal one for you.

    Agriculture Gold Loan Subsidy 2020

    The Agriculture and Farmer’s Welfare Ministry had published last year that agriculture jewel loans and short term crop loans availed from October 1, 2019, would fit for subsidy only if these loans are converted as KCC (Kisan Credit Card) accounts on or before 30th June 2020.

    The interest rate for agriculture Gold loans up to Rs 1 lakh was 7% p.a which was raised to 9.5%. Now, the interest subsidy of 2% and another 3% as a prompt repayment incentive takes down the annual interest on these investments to 4.5 % p.a.

    Agriculture Gold Loan Waiver Scheme

    Telangana government declared waiver of all outstanding crop loans of farmers up to Rs 1 lakh paid in the state by commercial banks, cooperative credit organizations including urban cooperative banks and regional rural banks. As per the information, the amount would be distributed to each farmer exclusively in the form of cheques through their respective local legislators. As per the guidelines for the crop loan waiver-2018 scheme, the waiver will be suitable for all crop loans sanctioned or renewed on or after April 1, 2014, and excellent as of December 11, 2018. However, the waiver amount doesn’t include processing charges, legal costs, insurance, inspection charges, and any other such costs.

    FAQs for Agriculture Gold Loan

    How quickly will my loan application be prepared? 

    The vast majority of the bank give same day disbursal on gold loans.

    ✅ How is the interest rate on Gold Loan and Gold Overdraft determined?

    Interest is determined on Simple interest reason for the gold loan and for gold overdraft interest is determined according to the utilization.

    ✅ On gold overdraft how would I pull out reserves, Can I utilize net banking for deposit? 

    ATM card and Chequebook will be given against the Gold Overdraft account. Clients can utilize Net Banking likewise for Deposit purposes.

    ✅ Will the horticulture gold loan have profit from any of the branches?

    No, loans under the horticulture plans can be conceded by assigned and distinguished Branches as it were.