Get Agri Gold Versatile SBI Loans at Low Interest Rates
India’s largest bank, SBI (State Bank of India), has been a pioneer and market leader in providing agricultural finance with a portfolio of over Rs 1 20,000 crore in agricultural advances covering over 1.1 lakh of farmers and their families.
SBI has an extensive network of over 10,000 urban and rural branches to meet the needs of farmers and farmers.
SBI offers an Agri Gold loan program, which has been used by lakhs of farmers to date. If a farmer wishes to benefit from this device, he can apply for a loan by presenting his land documents and depositing gold ornaments in the bank.
SBI agri gold loans have low interest rates and are available now. More importantly, these loans can be used to finance any farming activity.
Agri Gold Loan SBI
A farmer can deposit his gold ornaments in the bank and borrow money as needed under this plan. However, having farmland in the name of the farmer is required, as a copy of the document must be deposited in the bank.
Types of SBI Gold Loans
There are two types of gold loans for farmers: the Agri gold loan for agricultural production and the multi-purpose gold loan.
Versatile gold loan at the rate of 9.95 percent pa
Benefits of SBI Gold Loan
The loans can be easily obtained by pledging gold jewelry.
The loan application process is simple and convenient.
Interest rates are low.
There are no hidden costs.
Repayment plans are also flexible.
Documents required for SBI gold loan
Two passport size photos
Proof of identity – voter card, PAN card, Aadhaar card, driver’s license
Proof of address – Aadhaar card, voter card, passport
Proof of crops or farmland
How to get an agri SBI gold loan
If you want to apply for an SBI Agri Gold loan, you must go to the nearest SBI branch. There you can get a loan application form and learn about the process from the bank officials.
A farmer can also use the YONO app to apply for an SBI Gold loan.
You can also apply online by visiting the official SBI website –https://sbi.co.in
(Also Read – The 7 Best Banks Offering Easy Loans To Farmers)