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SBI Gold Loan: Get SBI Multipurpose Agri Gold Loans at Low Interest Rates, No Hidden Charges; Know How to Apply

Abha Toppo
Abha Toppo
gold loan
SBI Gold Loan

State Bank of India (SBI), country's largest bank has been a pioneer and a market leader in providing agri-finance with a portfolio of more than Rs. 1,20,000 crores in agricultural advances that covers over 1.1 lakh farmers and their families.

SBI caters to the needs of farmers as well as agriculturists and has a huge network of 10,000+ urban & rural branches.

SBI offers Agri Gold Loan scheme that has already been availed by lakhs of farmers till now. If a farmer wants to take benefit of this scheme then he can get loan by showing his land documents & depositing gold ornaments in the bank.

SBI agri gold loans comes with attractive interest rates and are given immediately. And most importantly all agricultural activities can be covered via these loans.

Agri Gold Loan SBI 

Under this scheme, a farmer can deposit his/her gold ornaments in the bank and take loan as per their need. But it is mandatory to have agricultural land in the name of the farmer, as a copy of the same need to be deposited in the bank.

Types of SBI gold loans

There are two types of gold loans for farmers - Agri Gold Loan for Crop Production and Multi Purpose Gold Loan.

  • Agri Gold Loan for Crop Production - Up to Rs.3 lakh – 7 percent p.a and more than Rs.3 lakh – 9.95 percent p.a.

  • Multi Purpose Gold Loan at the rate of 9.95 percent p.a.

Benefits of SBI Gold Loan

  • Loans can be obtained easily by pledging gold ornaments

  • Loan process is easy as well as convenient

  • Low interest rates

  • No hidden charges

  • Repayment schedules are also flexible

Documents Required for SBI Gold Loan

  • Two passport size photos

  • ID proof - Voter ID, PAN Card, Aadhaar Card, Driving License

  • Address proof - Aadhaar Card, Voter ID, Passport

  • Proof of agricultural crops or land

How to get SBI agri gold loan

  • If you want to take SBI Agri Gold Loan then you will have to visit the nearest SBI branch. There you can ask the bank executives to give you loan application form and also ask about the procedure.

  • Besides, a farmer can also apply for SBI Gold loan through the YONO app.

  • You can also apply online by visiting the official SBI website -https://sbi.co.in

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