SBI Gold Loan: The State Bank of India (SBI) is providing special offers with Gold Loan. The interested customers must login to the official SBI website at sbi.co.in in case of further details.

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"Give your gold the opportunity to enhance your life with Gold Loan by SBI! Apply now on YONO app or Know more: sbi.co.in/web/personal-banking/loans/gold-loan/personal-gold-loans," SBI said in a recent tweet from its official Twitter handle.

 

SBI Gold Loan
The interested customers must note that the SBI Gold Loan can be availed by pledge of gold ornaments including gold coins sold by banks with minimum paper work and low interest rate.

SBI Gold Loan offers
The offers on SBI Gold Loan are as follows:

1) One can avail SBI Gold Loan with SBI YONO app with zero processing fee

2) The interest rate is as low as 7.30 per cent p.a.

3) The customers will get a flexible repayment option (Bullet/Overdraft/EMI) up to 36 months

Maximum and minimum amount
One must note that the maximum loan amount is Rs 50 lakh while the minimum loan amount is Rs 20,000. The margin is as follows:

1) Gold Loan: 25 per cent
2) Liquid Gold Loan: 25 per cent
3) Bullet Repayment Gold Loan: 35 per cent

The interested individuals must note that those who are above 18 years of age are eligible for the loan. It must be noted that any individual (singly or jointly) with steady source of income including bank’s employees, pensioners are eligible for the loan.

Documents required
The documents that are required are as follows:

To apply for the loan:
1) Application for Gold Loan with two copies of photographs.
2) Proof of Identity with proof of Address
3) Witness Letter in case of illiterate borrowers

At the time of disbursement:
1) DP note and DP Note Take Delivery Letter
2) Gold Ornaments Take Delivery Letter
3) Arrangement Letter

One can give a missed call on 7208933143 or SMS “GOLD” on 7208933145 to get a call back from the Contact Centre in case of any queries and details.

The interested customers can also login to the official website of SBI at sbi.co.in in case of any queries and details.