SBI KCC Gold Loan - 2017-2018 StudyChaCha

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  #1  
Old August 4th, 2017, 02:03 PM
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Default SBI KCC Gold Loan

I want to apply for KCC Agricultural Gold Loans in State Bank of India SBI so can you please provide me the details of the loan?
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Old August 4th, 2017, 02:15 PM
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Default Re: SBI KCC Gold Loan

The State Bank of India SBI offers Agricultural Gold Loans to farmers / agriculturists against Gold Ornaments / gold wares to increase their liquidity to meet crop production expenses, Investment expenses related to agriculture and / or allied agricultural activities.

Agricultural Gold Loan
s

The Bank extends hassle free finance to farmers / agriculturists against Gold Ornaments / gold wares to increase their liquidity to meet crop production expenses, Investment expenses related to agriculture and / or allied agricultural activities.

Eligibility-

Any person engaged in agriculture or allied activities as well as persons engaged in activities permitted to be classified under agriculture.

Evidence of farming activity (like proof of Land records) is necessary.

Quantum of Loan-
Upto 75% of the value of the ornaments.

Security-

Pledge of gold ornaments

Demand Loan / Term Loan:

The repayment period of the loan should be fixed so as to coincide with the harvesting and marketing season / generation of income from the activity, allowing 2 to 3 months time after harvesting to market the produce and realize the proceeds.

However, the total period will not generally exceed one year from the disbursement of the loan in the case of short-term loan / production credit and 36 months in other cases.

How do you repay-

Cash Credit / Overdraft: Like KCC, it is a running account for a period of 3 years, subject to review at annual intervals.

Customer service: 1800 425 3800
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