Indian Bank Agriculture Gold Loan Interest Rates 2020

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Indian bank offers gold loans to the farmers for various farming needs like the purchase of fertilizers, seeds, pesticides, and repayment of previously taken debts from non-financial lenders. Indian bank gives these loans to the fisheries, poultries, and dairy farms. Indian bank gives gold loans to farmers under Two categories 1. Bumper Agri Jewel Loan and 2. Other Agri Jewel Loan products.

The farmers need to pledge their jewels and the proofs of their agricultural land. Indian bank offers easy and hassle-free loans, with easy processing which doesn’t include any hidden charges except processing charges and Jewell appraiser charges.

Indian Bank Agriculture Gold Loan Interest Rates 2020

Bumper Agri Jewel Loan Other Agri Jewel Loan Products
Loan Amount 85% market value of pledged jewels or
the unit cost to raise the crop approved
by DLTC / NABARD.		 70% market value of pledged jewels or
the unit cost to raise the crop approved
by DLTC / NABARD.
Tenure 6 Months 12 Months
Interest Rate 8.50% Varies based on lending policies,
base rate is 9.95%
check interest rates in Indian Bank Website
https://www.indianbank.in/lending-rates/

 Eligibility

All farmers who have jewels to pledge and with proofs of agricultural land are eligible to get loan from Indian banks.

Required Documents

  1. Application form to apply for the loan ( You can get it from the bank)
  2. Agriculture land proof on the name of the applicant and proof of cultivating the crop.
  3. Address proofs like voter id, / har card/passport, or driving license.
  4. Id proofs like voter id / PAN card / Aadhar card / passport / driving licence

Customer Care Number

For any queries and additional information regarding agricultural gold loan offering by Indian bank call their national customer care number at 180042500000

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