SBI Gold Loan

Gold Loan at 7.25% p.a

Apply & Get Instant Money

SBI Gold Loan Key Features

SBI Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
SBI Gold Loan Interest Rate 7.25% per annum
SBI Gold Loan Per Gram Rate Per Gram Today is ₹ 5,219
SBI Gold Loan Processing Fee 1.50% of the Principal Loan Amount
SBI Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
SBI Gold Loan Repayment Tenure 3 Months to 24 Months
SBI Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of SBI Bank Gold Loan

  • Quick Procedure: you might take An Gold advance from SBI effortlessly Furthermore rapidly without At whatever obstacles. The advance gets allowed Previously, Exactly in 60 minutes.
  • Fewer Documents: the documentation progression may be enduring here; fewer documents need aid necessary for those gold advance for SBI.
  • Transparent System: SBI proposals totally transparency to their client; What’s more that is, there would be no unidentified charges.
  • sum about Loan: those base measure from claiming advance that SBI camwood provides to their customer will be Rs. 15,000. And, On country districts, it could be short of what Rs 10,000.
  • Insurance from claiming Jewellery: one significant relic should note maybe that that bank takes the entire responsibility for the security for your gold. Afterwards, they kept those gold for fire-proof safety.
  • Advance Tenure: that time-period of the Gold advance done SBI might make starting with three months to 2 years. Afterwards, you might pick your extravagance as needs are.
  • Benefits for Ranchers: SBI offers some distinctive arrangements for agriculture purposes. SBI offers Gold credit investment rate for agromania purposes.
  • No-obligation Issue: their camwood is a situated from claiming condition such as on which, If a candidate is not capable to repayable the measure about Loan, in that example that candidate won’t get a chance to be under whatever debts Concerning illustration that bank will seize those applicant’s adornments.
  • No pay borders: there needs aid no confinements on the compensation or pay of the applicant; henceforth, anybody for any compensation goes might apply to gold advance over SBI.

How Much Gold Loan can I Get through SBI Bank Gold Loan?

SBI Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

SBI Bank Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

SBI Bank Gold Loan Documents Required

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

SBI Bank Gold Loan Interest Rate, Fees and Charges

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

About SBI Bank Gold Loan

Life is full from claiming worries Also apprehensions. Subsequently, you might requirement trade on battle with budgetary issues in your term. In that case, you could get a Gold advance starting with SBI will battle with that monetary crisis. A gold credit will be An safe credit. After, the individuals for diminished CIBIL score could also basically apply for this administration.

However, there is a considerable measure from claiming monetary saving money and non-Banking associations that might give acceptable you with the gold loan, Be that Gold advance is acknowledged the best. SBI went under presence over 1955. It is a standout amongst those The more significant part beguiling and constant banks over India. Also, it may be known for its stable investment features. Here the transactions are precisely sheltered.

  • SBI Bank Gold Loan Interest Rate is 7.25% per annum
  • SBI Bank Gold Loan Per Gram is ₹ 5,219
  • SBI Bank Gold Loan Tenure: Up to 24 months
  • SBI Bank Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST

Types of SBI Bank Gold Loan

  • Loan Against Gold – Indian Bank provides loans against gold at an engaging price of interest so that the bank can supply you handsomely to meet the needs of personal and experts interests. It is uncomparable to other banks with its greatest monetary services.
  • Loan Against Gold for Agriculture – Indian Bank imparts Gold Loans to the cultivators at a minimum rate of interest along with the pleasing offers. The borrowers are requested to provide the land affirmations to take loans.

SBI Bank Gold Loan EMI Calculator

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your SBI Bank Gold Loan EMI?

Development Credit Bank Gold Advance is stipendiary within the entirely different following ways:

  • Standing Instruction (SI): If you’re an account holder with SBI presently, then Standing directions is that the most opted technique of compensation. Toward the top of the monthly amount, the EMI quantity is attributable from the somebody’s SBI checking to account the applicant shows.
  • Electronic Clearing Service (ECS): This theme is for the candidates have a non-Development record and also the EMIs have to be compelled to be debited consequently at the top of the monthly cycle from this account.
  • Post-Dated Checks (PDC): The somebody will gift post-dated EMI examine from the non-SBI statement at your near SBI loan Center. Instantly, the restructure of PDCs ought to be conferred. For ideal condition, it’s suggested to notice Post Dated Checks which can be collected non-ECS states.

SBI Bank Gold Loan Contact Number

Call 9878981144 and get instant help regarding SBI Gold Loan schemes and offers.

Gold Ornaments Accepted by SBI Bank

  • To use the gold loan, the SBI approves Gold Jewellery, gold bracelets, gold bracelets, gold bracelets, gold necklaces, etc.
  • Quality: Between 18 and 22, carats should be the gold standard. When making an application for a gold loan, 24-carat gold ornaments can’t be used.

Use of SBI Bank Gold Loan

The fund that is obtained by SBI Gold Loan services can be used for several purposes:

  • Fund for any appropriate investments such as hiking, marriage, payment of higher tuition fees, etc.
  • Loan services are available for marketing essentials like acquiring fresh supply, developing marketing, etc.
  • Supplementary Gold Loan can also be availed for horizontal ideas. The bank provides a lower rate of interest for Gold Loans that are available for farming or related projects.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.25% – 14.50%

ICICI Gold Loan

7.25% – 16.10%
Muthoot Finance Gold Loan

7.25% – 24.00%

Axis Bank Gold Loan

7.25% – 17.00%
Manappuram Gold Loan

7.25% – 26.00%

Yes Bank Gold Loan

7.25% – 15.99%
Bank of India Gold Loan

7.25% – 26.00%

Federal Bank Gold Loan 

7.25% – 13.50%
IIFL Gold Loan

7.25% – 12.00%

Central Bank of India Gold Loan

7.25% – 14.65%

Canara Bank Gold Loan

7.25% – 12.65%

Allahabad Bank Gold Loan

7.25% – 10.45%

Induslnd Bank Gold Loan

7.25% – 15.75%
PNB Gold Loan

7.25% – 11.75%

Bajaj Finance Gold Loan

7.25% – 26%
SBI Gold Loan

7.25% – 15.99%

Indian Bank Gold Loan

7.25% – 15.99%
UCO Bank Gold Loan

7.25% – 26.00%

Kotak Mahindra Bank Gold Loan

7.25% – 13.50%
Syndicate Bank Gold Loan

7.25% – 12.00%

FAQ About SBI Gold Loan

  • What is SBI Bank Gold Loan?

For any financial emergency, you can take a gold loan from SBI as it is one of the leading banks in India, and the payout time in SBI is just 45 minutes.

  • How can I get the Gold Loan from SBI Bank?

You can apply online with Loannow from anywhere in the country, and you can also get the best deals and offers regarding loans. And if you don’t want to apply online, you can visit the nearest branch of SBI.

  • What is Gold Loan Interest Rate in SBI Bank?

The gold loan interest rate in SBI is 7.25% per year.

  • How much Gold Loan can I get per gram in SBI Bank?

You can get Rs5,219 per gram in SBI, but it completely depends on the pureness of your gold ornaments, the quality of gold must be in between 18 to 22 carats.

  • How to check Gold Loan status in SBI Bank?

To check the status of the gold loan, you need to check the SBI Loan Status Tracker and fill the details in the given form and stay updated.

  • How to calculate Gold Loan Interest in SBI Bank?

To calculate the gold loan interest in SBI, you have to fill the data in Loannow EMI Calculator for the exact data.

  • How to Pay SBI Bank Gold Loan Interest Online?

You can pay the loan interest via Paytm, or you can pay through net banking on the official website of SBI.

  • What if I can’t pay the interest on SBI Bank Gold Loan for 3 months?

If you do not pay the interest for 3 months Continuously, then the bank will give send you a legal notice regarding the due payments. If it goes unnoticed, then the SBI will seize your ornaments, and it will take legal action against you, and you will be responsible for the same.

  • How can I apply for EMI Moratorium on SBI Bank Gold Loan?

You can visit the nearest branch of SBI, or you can contact to customer’s care number and the date to apply for an EMI Moratorium is 1st March and 31st august 2020.