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SBI Gold Loan

Gold is considered to be one of biggest asset during crises or unwanted situation and comes under secured personal loan. By using the power of gold you can easily avail a loan in no time and in a convenient way. Loan against gold can be used for expanding business or to getting fulfilled your different financial requirements like unforeseen medical emergencies, higher education, marriage or planning a family vacation etc. by mortgaging your Gold ornaments, Coins or bars etc. SBI Gold loan is offered at competitive rates and that to with doorstep banking facility with minimum paper work and low interest rate. The SBI Gold Loan is the main attraction these days among the Indians as it is designed in such a way for receiving cash in no time without any hassles or any complicated rules and regulations. The existing customers of State Bank of India can get a loan of up to Rs 10 lacs. The bank also offers gold loan for farmers under the agricultural loan scheme. The agricultural gold loans are mainly given to the farmers who are engaged in agricultural or any allied activities. This loan can be repaid over a period of 3 years. The minimum gold loan limit for rural areas is Rs 5000/- and Rs 10,000/- for urban areas. However, the maximum loan amount is Rs. 10 lacs. In addition to this the bank also allows to opt for the Gold Deposit Scheme.

SBI Gold Loan Eligibility


The gold Loan amount eligibility is determined on current market rates of the gold. Usually the banks offer the customers a loan of 70-80% of the gold market value. The main benefit of taking this loan is that it does not involve much paper work and the interest rates are low. The eligibility condition are easy as any one who is 21 years old and has a fixed source of income including Banks Employees and Pensioners can apply for this loan scheme. The gold loan repayment period is 30 months. After repaying thee gold loan all the gold deposits are returned back to the customers by the bank.

SBI Gold Loan Documents


You need to submit the below mentioned documents before applying for the gold loan:

Gold Loan application. DP Note delivery. Two passport size photographs of the borrower. All the gold ornaments that are to be kept as mortgage for the loan. Letter of witness in case of illiterate borrowers.

SBI Gold Loan Interest Rate


Given below are the gold loan interest rates 2012. You can see the below mentioned table and understand what are the rates that will be applied to your gold loan. Please remember that the interest rates are subjected to change and therefore you are requested to contact the bank branch before applying for the gold loan.
Credit Limit Upto Rs. 1,00,000/Above Rs. 1,00,000/Rate of Interest 4.25% above Base Rate Floating, currently 14.25% p.a 4.75% above Base Rate Floating, currently 14.75% p.a

You can also calculate the interest rate of your gold loan with the help of EMI calculator. The calculator is available on the website of the bank and you can also make use of it by entering certain details about the gold loan like amount of the loan, duration of the loan, EMI amount and you will know the interest rate that will be applied to your loan. For the convenience of customers the bank offers online payment option to make payment of their loan hassle free. Following table highlights the fees and charges of the SBI gold loan.
Loan amount Loans up to Rs.25,000 loans above Rs.25,000/Rs.500/- per application Rs.1000/ or 1% of the loan amount which ever is higher Fees(Rs)

SBI Gold Loan Customer Care


You can at any time dial the customer care numbers 1800 11 22 11 or 080-2659 9990 which is toll free and speak with the customer care representatives and know more details about the SBI loan. You can also send an email to contactcentre@sbi.co.in or visit the website of the bank for making any enquiry about the loan. In addition to this you can read the terms and conditions about the terms and conditions of the SBI gold loan carefully.

Last Updated On: 2012/09/21

About HDFC Gold Loan


HDFC Bank Gold Loan: The bank offers you instant loan against your gold jewellery and ornaments. You also have the facility of any time liquidity. HDFC Bank Gold Loan Review states that it is an attractive loan which customers are willing to take as the HDFC Bank Gold Loan Interest Rate is attractive and the HDFC Bank Gold Loan Eligibility is easy to achieve. HDFC Bank Gold Loan Interest Rate: The current HDFC Bank Gold Loan Interest Rate is discussed below. HDFC Bank Gold Loan Rate keeps changing and the updated information can be availed from the nearest branch.HDFC Bank Gold Loan Rate is one of the lowest in the market. Hdfc Bank Gold Loan Eligibility: According to the HDFC Bank Gold Loan review the HDFC Bank Gold Loan Eligibility criteria are: The maximum age of the applicant should not be more than 65 years to avail HDFC Bank loan rate.. The customer needs to produce documents showing that the gold jewelery is owned by him or his family members for HDFC Bank Gold Loan Eligibility. Hdfc Bank Gold Loan Documentation: According to the HDFC Bank Gold Loan Review these documents are Required For HDFC Bank Gold Loan Eligibility:

Filled Application Form Two Photographs Proof of Identity Proof Of Residence Signature Proof HDFC Bank Gold Loan Review shows that HDFC Bank Gold Loan can be availed for maximum loan tenure of 12 months which can be repaid in equated monthly installments. The loan will be processed according to the banking procedure once the documents have been submitted. The loan can be prepaid however the prepayment clause needs to be found from the bank. HDFC Bank Gold Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government. More details on HDFC Bank Gold Loan eligibility and HDFC Bank Gold Loan Interest Rate etc. are on the official site at http://www.hdfcbank.com/personal/loans/gold_loan/term_loan/gold_loans.htm

The bank has designed gold loan as a mean to liquidate your gold and gold ornaments without having to sell them. This loan is available for both agriculture as well as allied agriculture requirements. ICICI Bank Gold Loan Review states that it is an attractive loan which customers are willing to take as the ICICI Bank Gold Loan Interest Rate is attractive and the ICICI Bank Gold Loan Eligibility is easy to achieve. ICICI Bank Gold Loan Interest Rate: The current ICICI Bank Gold Loan Interest Rate is discussed below. ICICI Bank Gold Loan Interest Rate is calculated on simple interest which is payable at the end of the tenure or closure of the limit. ICICI Bank Gold Loan Rate for direct agri is 12% p.a. ICICI Bank Gold Loan Rate for non-agri is 15% p.a. ICICI Bank Gold Loan Rate details can availed from the bank. ICICI Bank Gold Loan Eligibility: According to the ICICI Bank Gold Loan review the ICICI Bank Gold Loan Eligibility criteria are: Applicants between the age of 18 to 70 years are eligible for the ICICI Bank Gold Loan. The loan can be offered for gold ornaments of at least 18 carat purity. The gold coin should be issued by any bank of government body for ICICI Bank Gold Loan Eligibility. ICICI Bank Gold Loan Documentation: According to the ICICI Bank Gold Loan Review these documents are required for ICICI Bank Gold Loan Eligibility: Filled Application Form Two Photographs Proof Of Identification Proof Of Residence Affidavit stating the ownership of the gold ICICI Bank Gold Loan Review shows that ICICI Bank Gold Loan can be availed for maximum loan tenure of 12 months which can be repaid in equated monthly instalments or post dated cheques. The loan will be processed according to the banking procedure once the documents have been submitted. The loan can be prepaid however the prepayment clause needs to be found from the bank. ICICI Bank Gold Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government. More details on ICICI Bank Gold Loan eligibility and ICICI Bank Gold Loan Interest Rate etc. are on the official site at http://www.icicibank.com/Personal-Banking/loans/loan-against-gold/index.html

Punjab National Bank is one of the leading banks in India. It is the largest nationalized bank in the country with a large network of branches and ATMs. They provide a large array of financial products to the customers. One of their main products is a Gold loan. A Gold Loan is the best option available for the loan seekers at cheaper interest rates. Why PNB Gold Loan?

Loan Amount: A maximum amount of Rs.10,00,000 can be availed. EMI options: Hassle free payment of EMIs. Instant liquidity: Enjoy liquidity of cash at any time. Generate instant cash in time of need. Security: The customer can rest assured that their gold is in safe hands. Interest Rates: Individual can get the advantage of lower interest rates for this Loan. A person can also apply for Gold Finance on Agricultural Land on their name and get a discount of 1% on the interest rate charged.

Loan Tenure / Period


12 months

Rate of Interest (p.a.)


13 % to 16 %

Valuation Fee
NIL

Documents Required for Gold Loan


Proof of Identity: Passport Copy/ Voters ID card/ Driving License. Address Proof:: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate. Signature Proof: Passport Copy/Driving License/Banker's verification/cheque. 2 passport size photographs.

PNB Gold Loan Procedure


First of all, Apply online for loan against gold. Afterwards, borrower will have to submit an application form along with his / her valuable Gold asset. Then the bank will evaluate the real value of your Gold in terms of its purity and weight. Finally the Loan is sanctioned to the applicant after checking the genuineness of the asset provided. The whole Gold Loan process takes around.

* For any assistance regarding Gold Loan, call us on 600 11 600, our trained Relationship Managers will solve all your queries.

Leading Gold Loan Providers (Click to Apply)


Manappuram Gold Loan Muthoot Gold Loan HDFC Gold Loan Other Banks

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