Agriculture Gold Loan

Bajaj Finserv extends a high loan amount quantum to eligible farmers. This big-ticket loan allows borrowers to meet their financial requirements quickly and boost their agricultural production successfully.

Agriculture gold loans are usually available in the form of – term loans or demand loans. Applicants can select either of the two options based on their needs and requirements.

In the case of the credit requirement for crop production, the sanctioned loan amount depends on the scale of finance. Alternatively, it could also depend on the market value of the pledged gold. The percentage of the same is decided by the financier and is based on internal parameters.

Eligible applicants can receive a high loan quantum against competitive gold loan interest rates. The accompanying charges are also quite nominal. Usually, applicants with a stable income and clean credit history are more likely to secure a gold loan at competitive rates and simple repayment terms.

Applicants can provide gold ornaments or coins as collateral security. In most cases, gold bullion is not accepted as collateral. The quality of gold offered as collateral is weighed in before loan approval.

The repayment tenor for a gold loan for farmers depends on the loan type. Usually, the repayment tenor is flexible. Based on repayment capability, farmers can select the most suitable tenor and pay EMIs accordingly. They can use a gold loan EMI calculator online to choose a convenient EMI and tenor combination.

Gold jewellery is appraised from the safety of applicants’ homes. In addition, an industry-grade carat metre is used to evaluate the collateralised gold. This further ensures authenticity and accuracy.

The gold offered as collateral is stored in highly secured vaults with 24x7 surveillance and in-built motion detection technology. The safety protocols are the best in business in the entire country.

A simple documentation process is followed to ensure quick access to funding through hassle-free verification.

Gold loan offers part-prepayment and foreclosure facilities at zero charges. Such facilities allow borrowers to adjust loan burdens and repay them at convenience.

Farmers can release a portion of the pledged gold partially by repaying an amount equivalent to its value.

Applicants can avail of a complimentary gold loan insurance policy. This feature will help to cover for the loss or theft and misplacement of pledged items.