Target Group
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- Farmers/Agriculture labourers who require short term credit facilities against pledge of gold ornaments
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Purpose
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- To meet the short term needs of farmers for development purposes and maintanance of agricultural assests.
- Maintanance of Agricultural assets includes Tractors, Power tilers, Paddy threshers, Harvesters, Machineries like oil engine, sugar cane crushers, Electric motor and other accessories and working capital for activities allied to agriculture like Diary, Poultry etc.
- For repayment of debt taken from non financial institutional lenders
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Features
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- Easy and hassle free loan process
- Quick disbursal
- No hidden charges
- Low interest rates
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Quantum of Loan
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- 85% of Market value of Gold ornaments pledged
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Maximum Loan Amount
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Rate of Interest
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Security
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Repayment Period
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Processing Charges
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- Upto 25000 - NIL
- 25001 to 10.00 lakhs - 0.30% of loan amount wiht a minimum of 300 inclusive of taxes
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Documents Required
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- Duly filled Jewel loan application form
- Upto 2.00 Lakhs - Loan sanctioned based on Self - Declaration (Land Records not required)
- Above 2.00 Lakhs - Proof of Land records to be submitted
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How to apply
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- Please contact nearest Saptagiri Grameena Bank Branch for more details
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