Syndicate Bank to offer gold loans to farmers in AP
By Vaibhav Aggarwal
Jun 6, 2012
Print    Email    RSS   

Karnataka based Syndicate Bank has launched its Mega Gold Loan campaign across its branches in three districts of Andhra Pradesh.

Banks in Anantapur, Kurnool, and Kadapa districts would finance the farmers for the coming crop season. "The campaign, coinciding with crop loan season, is expected to serve the farming community and supplement the need of crop finance,'' the bank said in a release.

The farmers can avail a loan of 75% of the total value or at Rs. 1900 per gram for upto 12 months.

For loans exceeding an year but less than 24 months, the loan would be at Rs. 800 per gram or 75% of their loan value at an interest rate of 11.25%.

The bank aims to mobilize additional Rs. 100 crore under its jewel loan portfolio by quarter ending September 30th.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Is the Base Rate system really transparent?
Carnival of Indian Personal Finance Blogs #3
Personal loan: Lender of the last resort
Do rising NPAs reflect an ailing banking...
Man caught for committing bank fraud

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive