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May 7th, 2016, 01:36 PM
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Join Date: Mar 2012
Central Bank Of India Agriculture Gold Loan Rate Of Interest

Hello sir, I’m looking for to take an Agriculture gold loan from Central Bank of India. I want to know how many percent rate of interest is for Agriculture gold loan. Is there any one can provide me Central Bank of India Agriculture Gold Loan Rate of Interest?

Central Bank of India is provides gold loan facility to meet urgent personal expenses like marriage / medical / educational needs etc.

Central Bank of India having Demand Loan or Overdraft against pledge of Pledge of gold ornaments of 22 Carat purity or Gold Coins sold by its Bank.

Central Bank of India is also provides security for Pledge of gold ornaments of 22 Carat purity or Gold Coins sold by its Bank.

Rate of Interest

Demand Loan - Base Rate + 1% p.a
Overdraft - Base Rate + 2% p.a

Interest Rate:

Limit upto Rs.50,000/-
Above Rs.50,000/- upto Rs.5.00 lacs
Above Rs.5.00 lacs upto Rs.25.00 lacs
Above Rs.25.00 lacs
Base Rate + 0.50%
Base Rate + 1.00%
Base Rate + 1.50%
Base Rate + 2.00%

Quantum of loan:

Minimum- Rs 10000/ - Maximum Rs.20,00,000/-

Maximum Limit of loan per gram

In the Rs.2000/- per gram of gold ornaments or 70% of the current market price of 22 carat gold whichever is less.

In case of gold coins sold by Central Bank of India Bank Rs.2100/- per gram of gold coins, or 70% of the current market price of 24 carat gold whichever is less.

The weight of coin(s) pledged should not exceed 50 grams per borrower in case of advance against security of gold coins.

Last edited by Neelurk; February 20th, 2020 at 03:01 PM.
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