SBI Gold Loan: If you are engaged in agricultural activity and are in need of a quick loan, here is a big opportunity for you. India's largest state lender State Bank of India (SBI) is offering Gold loans exclusively for agricultural purposes. After the Reserve Bank of India’s recent decision to allow higher loan amount for the same value of gold, it is a good opportunity to apply for loan against gold.  

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It has been designed for people to meet all their financial needs with regards to agriculture sector.   

You can apply for this loan sitting in your home at any time of the day. All you have to do is to download YONO App on your mobile phone to take advantage of this simple and quick way to get this loan. 

The bank says that you will be required to visit the home SBI branch only once to get the loan. You can also walk-in to the nearest SBI branch with Gold and KYC (Know Your Customer) documents to avail the loan. 

Features of Gold Loan:  

  1. The bank says that there are no hidden charges 
  2. Process for availing the loan is easy and hassle-free 
  3. As per the information present on SBI website, the rate of Interest is 7.25 per annum. 
  4. Convenient repayment schedules 
  5. Loan facility is available at all the rural and semi urban branches across the country 
  6. Bank takes gold ornaments as a collateral security to give Krishi Gold loan 
  7. Margin as per the Loan To Value (LTV) fixed by bank from time to time 

Documents Required: 

  1. Duly filled in application form 
  2. 2 latest passport size photographs 
  3. Identity proof- Voter ID card / PAN card / Passport / Aadhaar card/Driving License etc 
  4. Address proof: Voter ID card / Passport / Aadhaar card / Driving license etc 
  5. Proof of agricultural land / cultivation

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Repayment period 

  • Demand Loan: 12 months from the date of disbursement of the loan 
  • KCC Gold Loan: 12 Months from the date of disbursement of the Loan