SBI Gold Loan Interest Rate

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Updated on 01.01.2019 SBI Gold Loan Interest Rate January 2019 – State Bank of India offers a very attractive interest rate @ 11.05% EMI INR 3,830/lac for 30 months tenure. Compare & Apply SBI Gold Loan on the basis of » Eligibility » Loan Amount » Interest Rate » Processing Fee » No prepayment penalties & over 13,700 branches nationwide.

 

SBI GOLD LOAN INTEREST RATE JANUARY 2019

Type of facility Rate of Interest*
All Variants 2.15% above 1 year MCLR Floating, currently 11.05% p.a.

PROCESSING CHARGES ON SBI GOLD LOAN

(i) For BIS Hallmarked Jewellery/ Ornaments and specially minted Gold Coins sold by Banks :

0.50% of the Loan Amount + applicable Service Tax

(Min: Rs 250 ; Max: Rs 500) + applicable Service Tax

(ii) For Non Hallmarked Jewellery/ Ornaments:

(a)Up to Rs 25000: Rs 250 per application + applicable Service Tax
(b)Above Rs 25000: 0.50% of the Loan amount + applicable Service Tax or Rs 500 + applicable service Tax whichever is higher.

DOCUMENTS REQUIRED FOR SBI GOLD LOAN

 

  • Application Form for Gold Loans
  • Two copies of photograph of the borrower(s)
  • Proof of Identity
  • Proof of Address

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