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

Purpose * To enable farmers to quickly meet their agricultural credit needs i.e., both for crop production and also for meeting investment credit needs for agriculture and allied activities.
Eligibility *Any person engaged in agriculture or allied activities.
Nature of facility * Short-term production credit -
Either Cash Credit / Over Draft or Demand Loan repayable within one year.
Term Loans* -
Repayable within 60 months. *(Not granted against Silver)
Limit * For crop production, the quantum of loan will be assessed on the basis of Scale of Finance.
* For other purposes, on the basis of actual credit requirement.
Margin Gold
- CC/OD limit and Short Term Loans repayable within one year
- Term Loans repayable in more than one year
Silver Jewellery
- CC/OD limit and Short Term Loans repayable within one year
- Term loan is not permitted



Maximum loan per gram of gold * Rs.2200/- at present. (subject to periodic review based on the market price of gold)
Security * Pledge of gold ornaments and/or gold coins* of 22 karat or higher purity and silver jewellery.
*(Gold Coins weighing Maximum 50 grams per borrower will be accepted).
Interest Rate 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 Lakhs
MCLR + 0.50%
MCLR + 1.00%
MCLR + 1.50%
MCLR + 2.00%
Processing Charges * NIL
Documentation Charges * NIL
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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