SBI gold loan scheme - Full details in hindi

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 interest rate and full process to apply.
• Eligibility:
Age : 18 years and above
Profession : Any individual (singly or jointly) with Steady source of income including: Bank’s Employees, Pensioners. (No Proof of income required)

•Features:

Maximum Loan Amount : Rs 50.00 lacs
Minimum Loan Amount : Rs 20,000 /-
Margin
Gold Loan: 25%
Liquid Gold Loan: 25%
Bullet Repayment Gold Loan: 35%
Security : Pledge of gold ornaments duly verified for quality & quantity.
Processing Fees : 0.25% of the Loan amount + applicable GST minimum Rs250/- + applicable GST and Nil if applied through YONO.
Interest Rate :
For any Loan amount : 0.50% above the MCLR-1yr
Others : Gold appraiser charges will be paid by the Applicant.

•Repayment Mode :

Gold Loan : The repayment of Principal and Interest will be commenced from the month following the month of disbursement.
Liquid Gold Loan: Overdraft Account with transaction facility and monthly interest is to be served.
Bullet Repayment Gold Loan : On or before the term of the loan/ on closure of account.
Repayment Period
Maximum :
Gold Loan : 36 months
Liquid Gold Loan : 36 months
Bullet Repayment Gold Loan : 12 months

• Documents Required:
To Apply Loan
Application for Gold Loan with two copies of photographs.
Proof of Identity with proof of Address
Witness Letter in case of illiterate borrowers.
Time of Disbursement
DP note and DP Note Take Delivery Letter.
Gold Ornaments Take Delivery Letter.
Arrangement Letter.

Check this video:    • SBI STUDENT LOAN SCHEME  

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