#1
2nd August 2016, 05:04 PM
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State Bank Of Travancore Agriculture Gold Loan
I want to take Agriculture Gold Loan from State Bank Of Travancore so can you please provide me the details of loan?
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#2
2nd August 2016, 06:01 PM
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Re: State Bank Of Travancore Agriculture Gold Loan
State Bank Of Travancore provide Agriculture Gold Loan to agriculturists for purchase of inputs or to meet the expenditure to raise crops Agri Gold Loan (Subvention-Linked) Purpose- These advances are granted to agriculturists for purchase of inputs or to meet the expenditure to raise crops Type Of Loan/Facility- Demand Loan (Agri) Eligibility- Borrower should be an agriculturist engaged in raising crops. Security- Pledge of Gold Ornaments Quantum Of Loan- The amount of loan is fixed according to the scale of finance/cultivation expenses and advance value of gold. The amount of loan should not be higher than the advance value of Gold ornaments pledged. Maximum Loan Rs.10 lakhs (For loan above Rs.5 lakh ornaments should be appraised by two appraisers) Period Of Loan- Depends on the period of the crops for which the loan is availed Maximum 12 months Margin- Nil Rate Of Interest- Limit Interest Rate (% p.a) Up to Rs.50,000/- 1% above Bank's Base Rate Above Rs.50000/- and up to Rs.3 lac 1.75% above Bank's Base Rate Above Rs.3 lac but up to Rs.5 lac 2.75% above Bank's Base Rate Above Rs.5 lac but upto Rs.10 lac 3% above Bank's Base Rate Interest Subvention- Interest subvention is available from Govt. of India for short term crop loans upto Rs.3 lacs, sanctioned at 7% interest p.a. up to the due date subject to a maximum period of 12 months. If the farmer repays the crop loan within the due date/ one year, he is eligible for interest subsidy (subvention) declared by Govt. of India for prompt repayment. At present interest subsidy for prompt repayment is 3%. Processing Fee And Appraisal Charges- Rs.4/1000 or part minimum Rs.30/maximum Rs.250/. Appraisal Of Gold Ornament- To be paid to the appraiser. Rs.1/1000 minimum Rs.50 or part maximum Rs.300/- Appraisal of ornaments by the external appraiser can be waived up to Rs.25000/- if Head Cashier is satisfied with the purity of the gold. For loan above Rs.25000/- appraisal by external appraiser is necessary Toll free number: 1800 425 7733. |