SBI offers realty gold loan scheme for financing your dream house: Know features, interest rates and more

SBI Realty Gold Loan Scheme: Is there a shortfall in financing your dream home? Well, the State Bank of India (SBI) has a solution for its customers. The SBI has informed its customers about the Realty Gold Loan Scheme to get loan quickly and without any hassles. For any queries and details, the interested customers can login to the official website of SBI at bank.sbi.

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SBI has recently tweeted about the Realty Gold Loa Scheme from its official Twitter handle. The tweet said, "With SBI's Realty Gold Loan scheme, get quick & hassle-free loan to meet the shortfall in financing your dream home. To know more, visit bank.sbi/web/personal-ba."

With SBI's Realty Gold Loan scheme, get quick & hassle-free loan to meet the shortfall in financing your dream home.
To know more, visit https://t.co/s6wBOF9Job #SBI #GoldLoan #RealtyGoldLoan #HomeLoan #Loan #DreamHome pic.twitter.com/uuBN4ZrPyb

— State Bank of India (@TheOfficialSBI) November 9, 2021

Features
The interested customers must be aware of the features of the Realty Gold Loan Scheme. They are as follows:

1) The minimum loan amount is Rs 50,000 and the maximum loan amount is Rs 50 lakh.

2) SBI Realty EMI Gold Loan: 25 per cent
SBI Realty Liquid Gold Loan (Overdraft): 25 per cent
SBI Realty Bullet Repayment Gold Loan: 35 per cent

3) The interested customers must note that for security, there should be pledge of gold ornaments duly verified for quality and
 quantity

4) The processing fees is 0.50 per cent of the loan amount

5) The interest rate is 0.30 per cent above the MCLR for one year

Eligibility
The interested customers must note that one above 18 years of age is eligible to apply for this scheme. The pre-condition of this loan is that housing loan borrowers of SBI (both existing and new).

Repayment
The interested customers must note the repayment periods of the loan. They are as follows:

SBI Realty EMI Gold Loan : 36 months
SBI Realty Liquid Gold Loan : 36 months
SBI Realty Bullet Repayment Gold Loan : 12 months

The modes of repayment are as follows:

SBI Realty EMI Gold Loan : The repayment of Principal and Interest will be commenced from the month following the month of disbursement.
SBI Realty Liquid Gold Loan: Overdraft Account with transaction facility and monthly interest is to be served.
SBI Realty Bullet Repayment Gold Loan : On or before the term of the loan/ on closure of account.

Interest Rate
The interest rates are as follows:

1) Realty Gold Loan(all variants) - 7 per cent for one year MCLR, 0.30 per cent spread over one year MCLR and the effective interest rate is 7.30 per cent

In case of any further queries, the interested customers can login to the official website of SBI at bank.sbi.