SBI Gold Loan – Give a missed call and get a loan; interest rate at 7.5 pct; no processing fee if applied via YONO
SBI Gold Loan: Want to make the most of the unused or unused gold that is in your home? This gold can help you qualify for gold loans at attractive interest rates from the State Bank of India (SBI). The largest public sector bank offers gold loans at an interest rate of 7.5 percent. Is this what you need to know to make the most of this opportunity offered by SBI?
The information was given by SBI on its official Twitter account – @TheOfficialSBI.
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Gold loan interest rate
The SBI is currently offering a gold loan at an interest rate of 7.5 percent per annum. The SBI gold loan can be used by pledging gold ornaments, including gold coins sold by banks with minimal paperwork and a low interest rate, the bank claims on its website.
How to benefit from the SBI Gold loan
SBI Bank has prescribed the way to avail the SBI Gold Loan. Simply dial 1-800-11-2211 for any information. The person looking for a Gold loan can also go to the SBI Contact Center.
You can also make a missed call to 7208933143 or send a “GOLD” SMS to 7208933145 to be called back by the bank’s Contact Center.
Know the features
• Maximum loan amount: Rs 50
• Minimum loan amount 20,000 rupees
Gold loan: 25%
Liquid gold loan: 25%
Gold loan with bullet repayment: 35%
• Security: Pledging of gold ornaments duly verified in quality and quantity.
• Processing fee: 0.25% of the loan amount with a minimum of Rs 250 GST applicable. No processing fees if SBI Gold loan is applied through YONO.
• Interest rate:
For any loan amount: 0.50% above the MCLR-1 year
• Others: The gold appraiser fee will be paid by the applicant.