How to get Gold Loan from SBI Bank ?
*- SBI Gold Loan Loan given by the bank by pledging the gold coins or gold ornaments of the customers, SBI Gold Loan can be availed by the customers at low interest rate by doing minimum paperwork.
SBI Personal Gold Loan
*- SBI Personal Gold Loan Features:-
Maximum loan amount – Rs. 50.00 lakh
Minimum loan amount – Rs. 20,000/-
*-SBI Personal Gold Loan Processing Fee : 0.50% of the loan amount (minimum Rs.500) + applicable GST
*-SBI Personal Gold Loan Interest Rate :-
For any loan amount : MCLR - 0.30% above 1 year
And the charge of gold appraiser will be borne by the applicant.
SBI Personal Gold Loan Eligibility:-
Age: 18 years and above
Profession: Any person with a continuous source of income including bank employees, pensioners
*- SBI Personal Gold Loan Repayment Mode:-
Gold Loan: Repayment of principal and interest will be started from the month following the month of disbursement.
Liquid Gold Loan: Overdraft account with transaction facility and monthly interest to be repaid
Bullet Repayment Gold Loan : On or before the end of loan tenure or at the time of account closure
*- SBI Personal Gold Loan Repayment Tenure:-
Maximum : Gold Loan : 36 Months Liquid
Gold Loan : 36 Months
Bullet Repayment Gold Loan : 12 Months
*- Two photo identity proof and address proof while applying for SBI individual gold loan Witness letter in case of illiterate borrowers
*- DP Note and DP Note Delivery Letter Gold Jewelery Delivery Letter at the time of SBI Personal Gold Loan disbursement. order letter
*- Average interest rate of SBI Personal Gold Loan: 7.40%
Above one year MCLR- 0.30%
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