SBI Gold Loan can be availed by pledge of gold ornaments including gold coins sold by Banks with minimum paper work and low interest rate.
Age : 21 years and above
Profession : Any individual (singly or jointly) with Steady source of income including: Bank’s Employees, Pensioners. (No Proof of income required)
MAXIMUM : Rs 20.00 lacs
MINIMUM : Rs 20,000/-
Gold Loan – The repayment of Principal and Interest will be commenced from the month
following the month of disbursement.
Liquid Gold Loan – Overdraft Account with transaction facility and monthly interest is to be served.
Bullet Repayment Gold Loan – On or before the term of the loan/ on closure of account.
Gold Loan - 36 months
Liquid Gold Loan - 36 months
Bullet Repayment Gold Loan - 12 months
Gold Loan - 25%
Liquid Gold Loan - 25%
Bullet Repayment Gold Loan - 35%
Pledge of gold ornaments duly verified for quality & quantity.
Processing Fees : 0.50% of the Loan amount + applicable GST, minimum Rs.500/-+ applicable GST
INTEREST RATE : 2.00% above the MCLR-1yr, presently 7.95% (effective rate is 9.95% p.a.)
Others : Gold appraiser charges will be paid by the Applicant.
To Apply Loan:
Time of Disbursement