Cent Agri Gold Loan - Digital

Digital Cent Agri Gold Loan             Apply Now

Purpose: To meet the short-term production / investment credit needs of farmers and individuals engaged in agricultural activities. Cent Agri Gold Loan is a financing solution designed to provide easy access to credit by leveraging your gold assets.
Who Can Apply: Farmers, engaged in agriculture, cultivating own and /or leased land or farmers in allied activities like Dairy, Poultry, Fisheries, Piggery, Sheep, etc.
Documents Required: Evidence of land holding or Allied activities
Maximum Loan: Up to ₹ 40 lakh per customer

Interest Rate:

Demand Loan Tenure

Rate of Interest (6 MONTH MCLR = 8.85%)

6 months

6-month MCLR - 0.20%        = 8.65%

12 months

6-month MCLR                      = 8.85%

18 months

6-month MCLR  + 0.30%      = 9.15%

Acceptable Gold Pledge:
•    Gold ornaments
•    Gold coins issued by banks /financial institutions: Up to 50 gm

Processing Fee:
•    No Processing Charges up to ₹5 Lakh Loan  
•    Above ₹5 Lakh – ₹5000/- + GST, except in 6 months Loan, which is as under-                          
      o    Up to ₹5 Lakh – Nil; 
      o    Above ₹5 Lakh – ₹2500/- +GST (Both fresh or renewal) 

Appraiser Fee:
•    Up to ₹3.00 lakh - 0.20% of loan (Min. ₹ 100, Max. ₹ 500)
•    Above 3 Lakh to ₹5 lakh (0.20% of loan, Max. ₹1000)
•    Above 5 lakh to ₹10 Lakh (0.20% of loan, Max.₹1500)
•    Above 10 Lakh to ₹15 Lakh (0.20% of loan, Max.₹2000)
•    Above 15 Lakh to ₹40 Lakh (0.20% of loan, Max.₹3000)