Personal Gold Loans

SBI Private Gold Loan

• Features
• Eligibility
• Payment
• Documents Required
• Interest rate

SBI Gold Loan may be availed by pledge of silver ornaments including coins sold by Banking institutions with minimal paper work and interest rate that is low.

Features

• Optimum Loan Amount: Rs 20.00 lacs
• Minimal Loan Amount: Rs 20,000 /-
• Margin
  • Gold Loan: 25%
  • Fluid Gold Loan: 25%
  • Bullet Repayment Gold Loan: 35%
• Safety: Pledge of silver ornaments duly confirmed for quality & amount.
• Processing charges: 0.50percent for the Loan amount + relevant GST minimum Rs500/- + applicable GST
• Rate Of Interest:
  • For just about any Loan quantity: 0.50% over the MCLR-1yr
• Others: Gold appraiser fees is going to be compensated by the Applicant.

Eligibility

• Age: 18 years and above
• Occupation: Any specific (singly or jointly) with Steady income source including: Bank’s Employees, Pensioners. (No evidence of income needed)

Payment

• Repayment Mode
  • Gold Loan: The payment of Principal and Interest would be commenced through the thirty days following a month of disbursement.
  • Fluid Gold Loan: Overdraft Account with deal facility and interest that is monthly become offered.
  • Bullet Repayment Gold Loan: On or prior to the term associated with the loan/ on closing of account.
• Repayment Period
  • Optimum: Gold Loan: 36 months fluid Gold Loan: 36 months Bullet Repayment Gold Loan: year

Papers Required

To Utilize Loan

• Application for Gold Loan with two copies of photographs.
• Evidence of Identity with evidence of online installment loans in rhode island Address
• Witness Letter in case there is illiterate borrowers.

Period of Disbursement

• DP note and DP Note Take Delivery Page.
• Silver Ornaments Take Delivery Page.
• Arrangement Letter.

INTEREST (w.e.f. 15.05.2020 to 15.07.2020)

Scheme		1 MCLR	Spread over 12 months MCLR	Successful Interest Rate
Gold Loan(all variations)		7.00 12 months%	0.50%	7.50percent
Realty Gold Loan- the Gold Loan Product solely for SBI Housing Loan Customers (all variations)		7.00%	0.00%	7.00%

Interest Levels

6.95% p.a.

*T&C Apply.

7.50% p.a.

*T&C Apply.

Loan quantity as much as Rs. 3 lakhs

8.85% p.a.

Rs. 3 lakhs & as much as Rs. 5 lakhs

Begin From

9.60% p.a.

2.70% p.a.

Upto 1 lakh(w.e.f. 31.05.2020)

2.70% p.a.

Above 1 lakh (w.e.f. 31.05.2020)

2.70% p.a.

Upto 1 lakh (w.e.f. 31.05.2020)

2.70% p.a.

Above 1 lakh (w.e.f. 31.05.2020)

9.30% p.a.

*T&C Apply.

7.50% p.a.

(On Using through YONO)

7.75% p.a.

Year 3 years to less than 5

Five years to significantly less than decade

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