State Bank Of Travancore Agriculture Gold Loan Interest Rate

Hello sir, my father is looking for to taking Agriculture Gold Loan from State Bank Of Travancore. Will you please provide me here interest rate for State Bank Of Travancore Agriculture Gold Loan?

[Rajkumar Agarwal]

The State Bank Of Travancore is provides Agriculture Gold Loan to farmers. Its all 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. The applicant should satisfy the KYC guidelines.

Security
Pledge of Gold Ornaments

Rate OF Interest:

Slab Int. Rates (%p.a)
Up to Rs10 Lacs 2.50% above Bank's Base Rate ,Effective Rate 12.75 %

Above Rs.10 Lacs- 3% above Bank's Base Rate ,Effective Rate 13.25 %

Period Of Loan
Depends on the period of the crops for which the loan is availed Maximum 12 months

Valuation
As fixed by the Bank from time to time

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