#1
14th June 2016, 08:26 AM
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State Bank Of India Jewel Loan Interest Rate
Hi buddy here I am thinking to take State Bank Of India Jewel /gold Loan, so can you here tell me info about Interest Rate on this loan ??
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#2
14th June 2016, 09:35 AM
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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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