South Indian Bank Gold Loan is one of the best ways to resolve any financial emergency. This bank offers various gold loan products to its customers at cheaper rate of interest in order to meet their urgent financial needs with lesser formalities. There are various loans against gold schemes by this financial company.
You can find details about South Indian Bank gold loan on Loanbaba.com, so keep a check on this page for further updated information.
South Indian Bank Gold Loan Details Updated on 4th March 2021 | |
Loan Amount |
Rs. 5,000 to Rs. 10 crores |
Loan Tenure |
Up to 12 months, but renewable |
Interest Rate |
11% onwards |
The bank 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 fulfill their financial needs with loan against gold.
Loanbaba provides comprehensive information about gold loans online by South Indian Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for a loan against gold 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 South Indian Bank Gold Loan interest rate charged is related to various factors. The interest rate per year starts at 11%. The bank has the right to change its interest rates and borrowers have to clarify with the bank about the existing bank rate.
Gold loan eligibility may differ from one candidate to another. You can also use free-of-cost gold loan eligibility calculator at Loanbaba.com
The bank 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 is important South Indian Bank Gold Loan FAQs.
No handling charges are levied under this scheme. The rate of interest charged under this scheme is 11% per annum. Higher of Rs. 50 or minimum interest will be charged. The maximum period for this loan is 3 months.
The security requirements for this loan are 24 carat gold coins issued by the South Indian Bank packed originally along with Assay Certification. Applicants need to get them pledged with the bank against which the loan is sanctioned depending upon the value of gold coins.
It is possible to re-pledge the gold ornaments in order to avail this loan. For this, the pawnee must furnish a declaration stating the actual ownership and a no objections certificate from the pawner pledging those ornaments further with the bank.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of South Indian Bank.
South Indian Bank Gold Loan is one of the best ways to resolve any financial emergency. This bank offers various gold loan ;products to its customers at cheaper rate of interest in order to meet their urgent financial needs with lesser formalities. There are various loans against gold schemes by this financial company.
You can find details about South Indian Bank gold loan on Loanbaba.com, so keep a check on this page for further updated information.
South Indian Bank Gold Loan Details Updated on 4th March 2021 | |
Loan Amount |
Rs. 5,000 to Rs. 10 crores |
Loan Tenure |
Up to 12 months, but renewable |
Interest Rate |
11% onwards |
The bank 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 fulfill their financial needs with loan against gold.
Loanbaba provides comprehensive information about gold loans online by South Indian Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for a loan against gold 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 South Indian Bank Gold Loan interest rate charged is related to various factors. The interest rate per year starts at 11%. The bank has the right to change its interest rates and borrowers have to clarify with the bank about the existing bank rate.
Gold loan eligibility may differ from one candidate to another. You can also use free-of-cost gold loan eligibility calculator at Loanbaba.com
The bank 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 is important South Indian Bank Gold Loan FAQs.
No handling charges are levied under this scheme. The rate of interest charged under this scheme is 11% per annum. Higher of Rs. 50 or minimum interest will be charged. The maximum period for this loan is 3 months.
The security requirements for this loan are 24 carat gold coins issued by the South Indian Bank packed originally along with Assay Certification. Applicants need to get them pledged with the bank against which the loan is sanctioned depending upon the value of gold coins.
It is possible to re-pledge the gold ornaments in order to avail this loan. For this, the pawnee must furnish a declaration stating the actual ownership and a no objections certificate from the pawner pledging those ornaments further with the bank.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of South Indian Bank.
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