SBI Gold Loan Interest Rate Jan 2021: Get SBI Gold Loan Eligibility, Documents Required, Steps on How to Apply for SBI Gold Loan 2021? Here!

by Ashwin S

Updated Jan 30, 2021 17:37 IST

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SBI Gold Loan Interest Rate Jan 2021: Get SBI Gold Loan Eligibility, Documents Required, Steps on How to Apply for SBI Gold Loan 2021? Here!

SBI Gold Loan Interest Rate 2021 is a great opportunity for many households who are in dire need of instant cash and The SBI Gold Loan offers a great interest rate which is certainly suitable for many households. All the details associated with the SBI Gold Loan Eligibility, Documents Required, SBI Gold Loan Interest Rate 2021, SBI Gold Loan interest, SBI Gold Loan interest rate 2021 today, and everything you need to know about the SBI Gold Loan is here in this article. Continue reading in here to know the complete information from SBI Gold Loan Rate per gram to SBI Gold Loan per gram rate here in this article by scrolling down below.

SBI Gold Loan Interest Rate 2021

SBI Gold Loan 2021 Details and Aspects

  • Purpose of SBI Gold loan – SBI Gold loan amount can be utilized to run into a variety of economic needs of a household or an individual comprising education, wedding reasons, medical bills and so on. However, you cannot use the money for hypothetical deeds.
  • Quantum of the SBI Gold loan – SBI Gold Loan amount can be anywhere between Rs. 20,000 and Rs. 50 lakh.
  • The repayment tenure for SBI Gold Loan – The repayment tenure for SBI Gold Loans for the different schemes are listed below:
  • SBI gold loan per gram – The SBI gold loan per gram rate will be discussed at the time of application submission.
  • Gold items – The SBI gold loan will be given in contradiction of gold ornaments. They will be tested for weight as well as purity by bank designated evaluator.
  • Margin – The margin transversely varies for numerous schemes such as:
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SBI Gold Loan Interest Rates 2021

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SBI Gold Loan Fee Structure 2021

0.25% of amount + GST | Min Rs. 250
Nil, when applied through YONO

Eligibility for SBI Gold Loan 2021

Documents Required for SBI Gold Loan 2021

  • Duly filled SBI Gold Loan application form
  • 2 recent photographs
  • KYC documents in order to establish the applicant’s address and identity
  • Witness Letter
  • Demand Promissory Note, as well as Demand Promissory Note, Take Delivery Letter
  • Arrangement Memo
  • Gold Ornaments Take Delivery Memo

Steps to Apply for SBI Gold Loan 2021

Comparison of Gold Loan Interest Rates 2021

Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

SBI Gold Loan Interest Rate 2021 - FAQs

1. What is the gold loan interest rate in SBI?

7.00% to 7.50% is the Gold Loan interest rate in SBI.

2. How can I get gold loan from SBI?

You need to pay a visit to the nearby SBI branch to avail SBI Gold Loan. The minimum loan amount one can take is Rs 20,000 and the maximum is Rs 50 lakh, according to SBI.

3. Does SBI provide gold loan?

Yes, SBI offers loans against gold with simple documentation, quick processing, and no hidden charges. 

4. Is gold loan a good option?

The answer to the 'Is gold loan a good option' is purely subjective.

5. What is liquid gold loan in SBI?

Liquid Gold Loan: Overdraft Account with transaction convenience and monthly interest is to be completed. 


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