What you need to know
Banks offer agricultural gold loans for crop cultivation, allied activities and farm needs at lower rates than personal gold loans. SBI’s Multi Purpose Gold Loan, for example, is priced at 8.85% (1-year MCLR + 0.15%).
Examples
| Scheme | Rate | Terms |
|---|---|---|
| SBI Multi Purpose Gold Loan | 8.85% | ₹5,000 – ₹25 lakh, 12 months |
| Indian Bank Agri Jewel Loan | Scheme rate | Crop & allied activities |
| PNB agri gold loan | Scheme rate | For farmers |
Documents
- KYC
- Land records / cultivation proof
- Crop details or estimate of expenses
Frequently asked questions
Can non-farmers take an agri gold loan?
No, it is for agricultural purposes and needs proof of farming activity.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.