SBI Gold Loan – Planning to get a loan against Gold? Here is your option with ZERO processing fee

SBI Gold Loan: If you are looking for a quick gold loan with zero processing fee, here is your option. The State Bank of India (SBI) is offering SBI Gold Loan at attractive interest rates and no processing fee as per the information put by the state lender on its official Twitter handle. 

Make best use of the unused or idle Gold lying at your home. This gold can be pledged against the loan. SBI - the largest public sector bank is offering Gold Loans at an interest rate of 7.5 per cent. This is what you should know to make best use of this opportunity? 

The information has been given by SBI on its official Twitter handle - @TheOfficialSBI.  

Gold Loan Interest Rate  

The SBI is currently offering Gold Loan at an interest rate of 7.5 per cent per annum. SBI Gold Loan can be availed by pledging of gold ornaments including gold coins sold by banks with minimum paperwork and low interest rate, the bank claims on its website.  

How to avail SBI Gold Loan 

The SBI Bank has prescribed the way to avail SBI Gold Loan. All one needs to do is Dial at 1800-11-2211 for any information. The person who is looking for a Gold loan can also visit the SBI Contact Centre.  

You can also give a missed call on 7208933143 or SMS “GOLD” on 7208933145 to get a call back from bank’s Contact Centre  

Know Features  

• Maximum Loan Amount: Rs 50 lakhs

• Minimum Loan Amount: Rs 20,000  

• Margin  

Gold Loan: 25%  
Liquid Gold Loan: 25%  
Bullet Repayment Gold Loan: 35%  

• Security: Pledging of gold ornaments duly verified for quality and quantity.  

• Processing Fees: 0.25 per cent of the Loan amount with applicable GST minimum Rs 250. No processing fee if SBI Gold Loan is applied through YONO.  

• Interest Rate:  

For any Loan amount: 0.50 per cent above the MCLR-1yr  

• Others: Gold appraiser charges will be paid by the Applicant.