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Agriculture Gold Loan

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Agriculture Gold Loan

We offer Loan against Gold jewellery through all our branches. Gold loan for wide range of agricultural activities are available. Agriculture gold loans are given at attractively low interest rates.

Purpose

  • Agriculuture crop production / crop maintainance

Features & Benefits

  • Easy and hassle-free loan process.
  • Gold loans will be granted only to individuals.
  • Loan will be granted after getting the jewels duly appraised by the jewel appraiser engaged by the Bank.
  • 22 carat Gold’s are accepted as security.
  • Available across all MGB branches

Quantam of Loan

  • Maximum loan amount that can be availed is Rs.3 lakhs
  • Maximum loan amount upto 75% of appraised value of gold can be availed
  • The loan amount will be grated after assessing the crop cultivated, extant of land and scale of finance

Security

  • Pledge of Gold ornaments
  • Only 22 carat Gold will be accepted as security.

Repayment

  • Agriculture Gold loans are repayable in 12 months from the date of sanction along with accrued interest.

Interest Rates & Charges

  • Please visit Loan Interest Rates page for details
  • For Loan interest rates click here

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