#1
13th June 2015, 09:30 AM
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Rate of Interest of Gold Loan in State Bank of India
Will you please provide the information regarding the Gold Loans schemes of State Bank of India ? Also provide the Rate of Interest on the Gold Loan .
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#2
13th June 2015, 12:54 PM
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Re: Rate of Interest of Gold Loan in State Bank of India
State Bank of India existing customers can avail the loan upto Rs.20 lacs including gold coins sold by Banks. Eligibility Age : 21 years and above Profession : Any one with Steady source of income including : Bank's Pensioners , Employees Loan Amount MINIMUM : Urban/Metros : Rs 20,000/- Rural/Semi Urban : Rs10,000/- MAXIMUM : Rs 20lacs/- MARGIN : 25% Interest Rate : 2.50% above Base Rate i.e., 12.50% p.a. currently Repayment Period 30 months The repayment of Principal and Interest must commence from the month following the month of disbursement Documentation • D P Note and D P Note Take Delivery Letter • Two copies of photograph of the borrower(s) • Gold Ornaments Take Delivery Letter (as per specified format) • Application for Gold Loans (as per specified format) • Witness Letter in case of illiterate borrowers (as per specified format) • Arrangement Letter (as per specified format) |
#3
29th November 2015, 02:54 PM
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Re: Rate of Interest of Gold Loan in State Bank of India
If I want to take gold loan from SBI than what is the rate of interest of gold loan in State bank of India?
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#4
29th November 2015, 02:55 PM
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Re: Rate of Interest of Gold Loan in State Bank of India
SBI is India’s largest lender and has its headquarters in Mumbai, Maharashtra, and majority owned by the Government of India. You can take gold loan at the lowest interest rates i.e 12.35%. in this bank for gold loan repayment can be made up to 30 months. This bank provide quick processing time and Maximum loan amount of Rs. 20 Lakh. Up to 20 Lakh of Loan amount at 12.35% rate of interest. Per gram rates and new schemes of SBI: SBI Gold Loan Details Interest Rates 12.35% 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 Eligibility: Age : 21 years and above Profession: Anybody with Steady source of income including : Bank’s Employees, Pensioners Loan amount Minimum: Rural/semi urban: rs 10,000/- Urban/metros: rs 20,000/- Maximum: rs 20lacs/- Repayment Period 30 months Calculate the EMI and advice the customer about the same depending on the tenure they want Other Products of State Bank of India: SBI Home Loan SBI Personal Loan SBI Credit Card SBI Business Loan SBI Property Loan SBI Two Wheeler Loan SBI Education Loan SBI Car Loan |
#5
5th March 2016, 05:24 PM
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Re: Rate of Interest of Gold Loan in State Bank of India
Please provide me the rate of interest charged by the State bank of India for the loan taken against gold?
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#6
5th March 2016, 05:24 PM
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Re: Rate of Interest of Gold Loan in State Bank of India The details of the Gold Loan for State bank of India are as given below: SBI Gold Loan Features Max Loan Tenure 30 months Prepayment Charges Nil Max Loan Amount Rs. 20 lakh Repayment Scheme - -Bullet No -EMI Yes Determinants of Eligibility for Gold Loans Age of the Applicant Minimum 21 years of age What Gold Can One Borrow Against Gold ornaments with karatage in the range of 18 to 24 karats Specially minted gold coins sold by banks with a weight of upto 50 grams One cannot borrow against gold coins, gold bars, gold funds (gold Exchange Traded Funds) and specially minted gold coins of banks weighing more than 50 grams Maximum Loan Amount Upto Rs. 20 Lakh Rate of Interest 2.50% above Base Rate i.e., 12.50% p.a. currently Security, Loan to value (LTV), Margin Security of gold ornaments Repayment Frequency EMI Repayment: Equal instalments comprising interest on a declining basis and a portion of principal amount is paid every month Repayment Period, Loan Tenure Upto 30 months Processing Fees Upto Rs. 511 Prepayment Charges No prepayment penalty charges Documentation Basic KYC documents (PAN, Address proof, passport size photograph) D P Note and D P Note Take Delivery Letter Application for Gold Loans Gold Ornaments Take delivery Letter Arrangement Letter Processing Time Loan disbursal within a day |
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