SBI Gold Loan Interest Rates June 2016 | Emi calculator online

(Updated on 11.06.2016) SBI Gold Loan- Flexible Schemes of Gold Loans / Loans against Ornaments. Upto 20 Lakh of Loan amount at 11.15% rate of interest. per gram rates and new schemes of SBI. Bank’s existing customers can avail the loan upto Rs.20 lacs by pledge of gold ornaments including gold coins sold by Banks. It requires minimum paper work and has low interest rate.

SBI Gold Loan Details

Interest Rates 11.15%
Processing Fees 0.51% of loan amount
Loan Tenure 2.5 Year
Min. loan amount ₹ 10000/-
Maximum loan amount ₹ 20 lakh
Prepayment Charges Nil / Zero

 


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SBI Gold Loan Interest Rates: Updated as on 11.06.2016

  • Demand Loan = 2.00% above 1 year MCLR Floating, currently 11.15% p.a.
  • Liquid Gold Loan Scheme – OD = 2.00% above 1 year MCLR Floating, currently 11.15% p.a.
  •  
    SBI is India’s largest lender and ranked among the leading banks in the country. It offers various loans to it’s customers for meeting their different financial needs. SBI’s Gold Loan is flexible loan scheme of Gold Loan/Loan against Ornaments. The loan amount range between Rs. 10,000 to Rs. 20 Lakh. It charges interest rate of 12.50%. Bank’s existing customers can avail a loan upto Rs. 20 Lakhs by pledge of gold ornaments including gold coins sold by Banks. To avail a gold loan you are required to complete minimal paper work.
     

    SBI Gold Loan EMI Calculator


    Calculate Loans EMI Online

    Loan Amount
    Interest Rate (Reducing) % Per Annum
    Loan Tenure (in Months)
     
    Monthly EMI
    Total Amount with Interest
    Total Interest Amount
    Yearly Interest Amount

     
    ELIGIBILITY
    Age : 21 years and above
    Profession : Anybody with Steady source of income including : Bank’s Employees, Pensioners
     
    LOAN AMOUNT
    MINIMUM :
    Rural/Semi Urban : ₹ 10,000/-
    Urban/Metros : ₹ 20,000/-
    MAXIMUM : ₹ 20 lakh
     
    Repayment Period
    1. 36 months Maximum
    2. It also depends upon the EMIs and amount he/she wants to borrow with tenure opted by customer.
     
    DOCUMENTATION
    D P Note and D P Note Take Delivery Letter
    Application for Gold Loans (as per specified format)
    Two copies of photograph of the borrower(s)
    Gold Ornaments Take Delivery Letter (as per specified format)
    Witness Letter in case of illiterate borrowers (as per specified format)
    Arrangement Letter (as per specified format)
     
    SECURITY: Security of gold ornaments. 
     
    PROCESSING FEES / Per Gram Price
    (a) For BIS Hallmarked Jewellery/ Ornaments and specially minted Gold Coins sold by Banks : 0.51% of the Loan Amount

    (Min: Rs 256 ; Max: Rs511)

    (b) For Non Hallmarked Jewellery/ Ornaments
     
    (a)Up to Rs 25000: Rs256 per application;
    (b)Above Rs 25000: 0.51% of the Loan amount or Rs511 whichever is higher.
     

    About SBI
     
    SBI (State Bank of India) is India’s largest lender and has its headquarters in Mumbai, Maharashtra, and majority owned by the Government of India. As per consolidated report SBI has total income of Rs. 257289.51 Crore as on on 31- March 2015. SBI has total assets of above Rs.2529394.00 Crore. SBI has more than 16,995 branches in India including 190 in other countries. SBI already have toe up with GE for Credit card. SBI is the only Indian bank which is ranked under 500 list of Forbes.

    SBI is the most searched bank in India. With a base of 17000+ branches SBI is accessible from most of the places in India.

    Other Products of State Bank of India:

    SBI Home Loan
    SBI Personal Loan
    SBI Credit Card
    SBI Business Loan
    SBI Property Loan
    SBI Two Wheeler Loan
    SBI Education Loan
    SBI Car Loan
    SBi FD Interest Rates
    Source: State Bank of India Website.

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