Indian Bank offers gold loan under its ‘Agricultural Jewel Loan Scheme’. You can take a gold loan from Indian Bank to meet an urgent agricultural need by pledging your gold ornaments as collateral with the bank. Read more to know about Indian Bank Gold Loan Interest Rate, Schemes, Eligibility & Application Process in detail.
Note: Indian Bank offers gold loan for agricultural purposes only. If you need a loan for personal needs, you can get it from any of the Top 10 Bank/NBFCs offering gold loan in India.
Key Highlights of Indian Bank Gold Loan
|Indian Bank Gold Loan Interest Rate||8.50% onwards|
|Loan Tenure||Bumper Agri Loan: 6 months|
Other Agri Loan Products: 12 months
|Loan Amount||Based on the valuation of the Jewel which is being pledged|
|Gold Loan Scheme||Agricultural Jewel Loan Scheme|
|Processing Fee||Minimum: Nil ; Maximum: 0.30%|
|Quantum of Loan||Bumper Agri Jewel Loan- 85% of Market value of Gold Jewels pledged |
Other Agri Jewel loan Products- 70% of Market value of Gold Jewels pledged
|Eligibility||Any individual farmer can apply|