The bank offers its Agriculture jewel loan scheme to farmers. It is a short term credit which can be used to purchase inputs for seasonal crops. Indian Bank Gold Loan Review states that it is an attractive loan which customers are willing to take as the Indian Bank Gold Loan Interest Rate is attractive and the Indian Bank Gold Loan Eligibility is easy to achieve.

Indian Bank Gold Loan Interest Rate:

The current Indian Bank Gold Loan Interest Rate is discussed below.

Indian Bank Gold Loan Interest Rate is calculated on BPLR. Indian Bank Gold Loan Rate for an amount up to 3.00 lakhs is 7%. Indian Bank Gold Loan Rate for an amount between Rs 3.00 – Rs. 5.00 lakhs is BPLR + 0.50%. Indian Bank Gold Loan Rate for an amount more than Rs. 5.00 Lakhs is BPLR + 1.00%.

Indian Bank Gold Loan Eligibility:

According to the Indian Bank Gold Loan review the Indian Bank Gold Loan Eligibility criteria are:

• ·Farmers and agriculturists with good dealing with the bank are eligible for the Indian Bank Gold Loan.
• ·The customer needs to produce documents which state his ownership of gold for Indian Bank Gold Loan Eligibility.

Indian Bank Gold Loan Documentation:

According to the Indian Bank Gold Loan Review these documents are required for Indian Bank Gold Loan

Eligibility:

Filled Application Form

Two Photographs

Proof Of Identification

Proof Of Residence

Affidavit stating the ownership of the gold.

Indian Bank Gold Loan Review shows that Indian Bank Gold Loan can be repaid within 2 months from the date of harvest. The loan will be processed according to the banking procedure once the documents have been submitted. The loan can be prepaid however the prepayment clause needs to be found from the bank.

Indian Bank Gold Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Indian Bank Gold Loan eligibility and Indian Bank Gold Loan Interest Rate etc. are on the official site at http://www.indianbank.in/loans.php?by=93&ty=1