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14th June 2016, 09:35 AM
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Join Date: Aug 2012
Re: State Bank Of India Jewel Loan Interest Rate

As you want to take State Bank Of India Jewel /gold Loan, and asking about its Interest Rate , so here I am telling require info:

Interest Rates 11.20%
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

Qualification
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.

Document require
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.


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