| Purpose: To meet the short-term production / investment credit needs of farmers and individuals engaged in agricultural activities. Cent Agri Gold Loan is a financing solution designed to provide easy access to credit by leveraging your gold assets. |
| Who Can Apply: Farmers, engaged in agriculture, cultivating own and /or leased land or farmers in allied activities like Dairy, Poultry, Fisheries, Piggery, Sheep, etc. |
| Documents Required: Evidence of land holding or Allied activities |
| Maximum Loan: Up to ₹ 40 lakh per customer |
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Interest Rate:
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Demand Loan Tenure
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Rate of Interest (6 MONTH MCLR = 8.70%)
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6 months
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6-month MCLR - 0.20% = 8.50%
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12 months
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6-month MCLR = 8.70%
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18 months
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6-month MCLR + 0.30% = 9.00%
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Acceptable Gold Pledge:
• Gold ornaments
• Gold coins issued by banks /financial institutions: Up to 50 gm
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Processing Fee:
• No Processing Charges up to ₹5 Lakh Loan
• Above ₹5 Lakh – ₹5000/- + GST, except in 6 months Loan, which is as under-
o Up to ₹5 Lakh – Nil;
o Above ₹5 Lakh – ₹2500/- +GST (Both fresh or renewal)
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Appraiser Fee:
• Up to ₹3.00 lakh - 0.20% of loan (Min. ₹ 100, Max. ₹ 500)
• Above 3 Lakh to ₹5 lakh (0.20% of loan, Max. ₹1000)
• Above 5 lakh to ₹10 Lakh (0.20% of loan, Max.₹1500)
• Above 10 Lakh to ₹15 Lakh (0.20% of loan, Max.₹2000)
• Above 15 Lakh to ₹40 Lakh (0.20% of loan, Max.₹3000)
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