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Agri & Rural

Last Updated on: 16/05/2023


Loans for Investment Credit and Allied Activities Against the Security of Gold Ornaments


This is a Package Designed for Farmers to Avail Term Loan for Agricultural Purpose Against Security of their Gold Jewellery


Individual Farmers Who Own Jewels and are Engaged in Agricultural Activities are Eligible


Investment Activities Namely Land Development, Minor Irrigation, Purchase of Agricultural Machinery etc. and Also Activities Allied to Agriculture (Dairy, Sheep, Goat, Fisheries, Duck Rearing, Honey bee Rearing etc.)

Quantum of Loan:

You Can Contact Our Nearest Branches for per Gram Rate of Advance Against Gold Ornaments.

Maximum Loan Amount per Individual Will be Rs. 10 Lakhs


Hypothecation of Assets to be Created Out of Bank Loan

Pledge of Gold Jewellery


Repayment Programme Depends on the Purpose of the Loan, Income Generation and Repaying Capacity of the Borrower Either in Monthly Instalments or in Quarterly/Half Yearly or Annual Instalments with a Maximum Period of 36 Months.

Holiday Period

Maximum of One Year

Rate of Interest

Varies from Time to Time. Presently

Upto Rs. 3 Lacs: One year MCLR+0.35%

Above Rs. 3 Lacs upto Rs. 5 Lacs- One Year MCLR+1.65%

Above Rs. 5 Lacs upto Rs. 10 Lacs- One Year MCLR+2.25%

For Other Details, Please Contact Your Nearest IOB Branch.