SBI Gold Loan is a special loan, offered to those who possess gold, lying idle in safes and lockers, but who have financial requirements. Almost all households of India invest in gold as has easy liquidity. With easy repayment facilities provided, this loan has met the needs of many. You can apply for gold loan in SBI at loanbaba.com. At our website, you can also access SBI Gold Loan EMI calculator and know SBI gold loan eligibility, gold loan features, documents required for gold loan, and gold loans interest rates in SBI for free.
Our website, Loanbaba.com provides all the information about Gold Loan in SBI:
State Bank of India Gold Loan Details Updated on 15th February 2019 | |
Loan Amount |
Rs. 20 thousand to Rs. 20 lakhs |
Loan Tenure |
2 Years |
Interest Rate |
11.05% |
The State Bank of India has attractive offer on gold loan. It charges nominal rate of interest. The loan amount can be used for desirable purpose. Loan tenure is flexible and one can get maximum amount as per the gold weight. The procedure for loan sanctioning is transparent and the bank has helped several customers fulfil their financial needs with loan against gold.
Loanbaba provides comprehensive information about gold loans online by State Bank of India. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for SBI Loan against gold online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
The interest rate charged is related to various factors. The interest rates range between 13.05% and 17.65% p.a. the SBI has the right to change its interest rates and borrowers have to clarify with the bank about the existing bank rate. The rates mentioned are, as per the norms in May 2016 and may change.
Gold loan eligibility may differ from one candidate to another. You can also use free-of-cost SBI gold loan eligibility calculator at Loanbaba.com
The State Bank of India has gold loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.
Below provided are important questions about gold loan SBI.
Document to be submitted are: The ID Proof which may be the PAN Card, Drivers license, Voter’s ID, etc; the address proof can be any Utility bill, Drivers License, Passport, etc; two passport size photographs to be attached. The application form to be filled and duly signed.
The processing fee charged on application is very nominal. The amount varies with the amount taken as loan and the gold kept as collateral. The quality of the gold varies and impacts the processing fee.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of State Bank of India.