Indian Bank Gold Loan

Indian Bank offers agricultural jewel loans which can be used by the borrowers for their short-term credit requirements. The credit can be used for multiple agricultural requirements such as purchase of pesticides, fertilisers, seeds, and so on.

Name of Scheme	Indian Bank Agricultural Jewel Loan Scheme
Rate of Interest	7% Onwards (Based on the loan amount)
Minimum Loan Amount	Based on the valuation of the Jewel which is being pledged
Loan Tenure	Adjustment of loan amount within 2 months from the date of harvest of crops

Benefits of Indian Bank Agricultural Jewel Loan Scheme

All farmers are eligible for this loan
Short term loan for meeting the requirements of regular agricultural expenses
Loan amount on the basis of the valuation of the jewel which is being pledged
Easy repayment of loan amount which allows adjustment after the harvest of crops

Indian Bank Agricultural Jewel Loan Scheme Charges, Fees

Processing Charges:

Up to Rs.25,000: Nil
More than Rs.25,000 but less than Rs.5 lakh: 0.30% of the loan amount, subject to a minimum of Rs.300
More than Rs.5 lakh but less than Rs.1 crore: 0.28% of the loan amount, subject to a minimum of Rs.1,500

Indian Bank Gold Loan FAQ:

What are the documents required to avail the Indian Bank Gold Loan?

The list of documents that must be submitted to avail the loan is mentioned below:

Application form.
Proof of address such as Driving License, Aadhaar Card, Passport, Voter ID, etc.
Proof of identity such as Driving License, Aadhaar Card, Passport, PAN Card, Voter ID, etc.
Agriculture land proof in the applicant’s name.
Proof that crop will be cultivated.