SBI SME Gold Loan: Get this SBI business loan up to RS 50 lakh at 'attractive' rate without any financial document

SBI SME Gold Loan: The State Bank of India is offering loan to enhance your business with SBI's SME Gold Loan. India's largest public sector is offering this loan at 'very attractive' interest rates. Under SBI SME Gold Loan offers, SBI customers can take loan from Rs 1 lakh to 50 lakh.  

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"Grow your business with SBI's SME Gold Loan at very attractive rates. Apply now and avail the loan. Process is simple and hassle free. Visit our branch today!" tweeted SBI. 

Grow your business with SBI's SME Gold Loan at very attractive rates. Apply now and avail the loan. Process is simple and hassle free.
Visit our branch today!

For details, visit: https://t.co/6Df5OZkRu2#SBI #StateBankOfIndia #SMEGoldLoan #GoldLoan pic.twitter.com/6wBQVnykmw

— State Bank of India (@TheOfficialSBI) February 26, 2021

Here are top features of SBI SME Gold Loan

Target Group & Eligibility
Existing MSME Units (Proprietorship Firm only), both borrowing & non-borrowing units of our Bank, who want to avail loan against Gold Ornaments/ Jewellery.  
*Unit/ Shop shall be with running activity
*Account should not be in NPA status

SBI SME Gold Loan: Purpose
To provide hassle free financial assistance to existing MSME units (Proprietorship Firm only) against Gold Ornaments/ Jewellery held in the name of Proprietor, for fund-based requirements for general business purpose & augment working capital, acquiring machinery/ equipment/ tools for repairs, renovations etc.

Loans will not be granted against Gold Bar/Bullion.
*No financial documents required. Only self-declared projected turnover to be submitted
*Quick Sanction & Simple Documentation

SBI SME Gold Loan: Nature of Facilit
Overdraft (OD) / Demand Loan (DL)

SBI SME Gold Loan: Quantum of loan
Minimum: > Rs. 1 lakh
Maximum: Rs. 50 lakh

*Subject to not exceeding advance value of Gold

SBI SME Gold Loan:  Repayment Period
Overdraft & Demand Loan: Max. 12 months. 

SBI SME Gold Loan: Processing Fee
*Up to Rs. 10 lacs: Rs. 500 plus applicable taxes
*Above Rs. 10 lacs: Rs. 1000 plus applicable taxes