CentralBank of India-Rural Agri Banking
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Cent Agri Gold Loan scheme

Purpose * To enable farmers & persons engaged in Agriculture & allied activities to quickly meet their agricultural credit needs i.e., both for crop production and also for meeting investment credit needs.
Eligibility *Farmers & persons engaged in agriculture or allied activities.
Nature of facility * Short Term Production credit -
CKCC/CC/OD or Single Transaction Demand Loan repayable within one year.
*Term Loans -
Repayable within 60 months.
Limit * For crop production- The quantum of loan will be assessed on the basis of Scale of Finance
(However limit will be restricted to value of pledged Gold Jwellery/Gold coins issued by our bank, less stipulated margin, presently 20%)
* For other purposes-On the basis of actual credit requirement.
Margin Gold
- CC/OD limit and Short Term Loans repayable within one year

20%
Quantum of Loan Rs. 3250 per garm of Gold of 22 carat purity and Rs.3550 per garm of 24 carat purity gold.(subject to periodic review based on the market price of gold)
Maximum Quantum of Loan Rs 20.00 Lakh only
Security * Pledge of gold ornaments and/or gold coins* of 22 carat or higher purity.
*(Gold Coins issued by our bank weighing Maximum 50 grams per borrower will be accepted).
Interest Rate CKCC-Gold Loan (Interest Subvention upto 3.00 Lakh)
Other than Interest Subvention
7%

MCLR+0.25%
Processing Charges * Production Credit- NIL
*Other than production Credit- Upto 25,000/- :-NIL
Above 25,000/- @ Rs 120/- per lakh (0.12%) or part thereof
Documentation Charges Upto Rs 2 lakh- NIL
>Rs 2 Lakh to Rs 20 Lakh- Rs 50/- per Lakh or part thereof Max Rs 1000/-
Repayment Period * Cash Credit / Overdraft :
Limit will be valid for 5 years, subject to annual review.
* Demand Loan :
Repayment will be based on income generation, within a maximum period of 18 months.
* Term Loan :
Within a maximum period of 5 years.

For further details, please contact our nearest branch.

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