SBI Gold Loan- Flexible Schemes of Gold Loans / Loans against Ornaments. Upto 20 Lakh of Loan amount at 12.20% rate of interest. per gram rates and new schemes of SBI.
SBI Gold Loan Details
|Processing Fees||0.51% of loan amount|
|Loan Tenure||3 Years Maximum|
|Min. loan amount||Rs.10000/-|
|Maximum loan amount||Rs. 20 lakh|
|Prepayment Charges||Nil / Zero|
Apply Gold Loan
Age : 21 years and above
Profession : Anybody with Steady source of income including : Bank’s Employees, Pensioners
Rural/Semi Urban : Rs 10,000/-
Urban/Metros : Rs 20,000/-
MAXIMUM : Rs 20lacs/-
1. 30 months
2. Calculate the EMI and advice the customer about the same depending on the tenure they want
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.
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:
Source: State Bank of India Website.
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