rupee  Saptagiri Rythu Bandhu Gold Loan

Target Group
  • Farmers/Agriculture labourers who require short term credit facilities against pledge of gold ornaments
Purpose
  • 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
Features
  • Easy and hassle free loan process
  • Quick disbursal
  • No hidden charges
  • Low interest rates
Quantum of Loan
  • 75% of Market value of Gold ornments pledged
Maximum Loan Amount
  • Per borrower : 10 Lakhs
Rate of Interest
Security
  • Pledge of gold ornaments
Repayment Period
  • 12 months - principal with interest - in bullet payment form
Processing Charges
  • Upto 25000 - NIL
  • 25001 to 10.00 lakhs - 0.30% of loan amount wiht a minimu of 300 inclusive of taxes
Documents Required
  • Duly filled Jewel loan application form
  • Upto 5.00 Lakhs - Loan sanctioned based on Self - Declaration (Land Records not required)
  • Above 5.00 Lakhs - Proof of Land records to be submitted
How to apply
  • Please contact nearest Saptagiri Grameena Bank Branch for more details
Designed by Yaswanth Gupta Bondada & Raghav Vellore