Gold Loan Interest Rate In State Bank Of Hyderabad

Hey buddy can you please get the details of the Gold Loan Interest rates offer by the State Bank Of Hyderabad so that I can also apply for it?

[Shaleen]

As per your concern I will help you here to get the details about the Gold Interest rates offer by the State Bank of India so that you can go through it easily.

Here is the Gold Loan interest offer by the State bank Of Hyderabad

Applicable for both SARAL & Premium Gold Loans

(i) Less than Rs.25000/- 190bps above Base Rate. Effective Rate 11.65%p.a

(ii) Rs.25000/- & above but less than Rs.100000/- 140bps above Base Rate. Effective Rate 11.15%p.a

(iii) Rs.100000/- & Above 40bps above Base Rate. Effective Rate 10.35%p.a

Processing fee : 0.50% of the loan amount subject to a minimum of Rs. 100 and maximum of Rs. 1000/- (exclusive of gold appraisal charges)


Feature provided by the State bank of Hyderabad

Available as Demand Loan and Overdraft also

Gold to Cash in 30 Minutes

Safety of Your Gold Assured

Available on all Working Days

Easy documentation

Flexible tenure and repayment options

Walk into any Branch

1% interest concession if paid within 6 months


Documents required
Proof of identity (passport copy/voters id/driving license/pan card)

Address proof ( electricity bill/landline telephone bill/passport copy/shop &
establishment certificate/rental agreement/ration card)

2 passport size photograph

Finance Scale

Type of gold ornaments Scale of finance per gram (Net wt)

For specially minted gold coins sold by Banks and 24 carat gold ornaments or higher
purity with BIS Hallmark of 0.916.
`1800/- or 75% of the market value of Gold whichever is lower.

22 carat gold or higher purity without BIS Hallmark.
`1600/- or 75% of the market value of Gold whichever is lower.

18 carat gold ornaments.
`1000/- or 75% of the market value of Gold whichever is lower