SBI Gold Loan is offering between 7% to 29% interest
The demand for gold loans has been strong amid the Covid-19 crisis. SBI is offering Gold Loan at interest ranging between 7% to 29%. SBI is offering Gold Loan on the lowest document. Here jewelery can be pledged along with coins. In the current situation, gold is the safest and easiest way to get instant money in case of an emergency.
There are many benefits of taking a loan through YONO SBI. You can take loan in these four ways
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1- Apply for loan
Login to your YONO account
On the home page, click Menu (three lines) in the top left
Click on Loan
Click on Gold Loan
Click on Apply Now
Fill the Jewelery details (Type, Quantity, Carat and Net Weight) along with all other details available in the dropdown (Home Type, Business Type), Fill the Net Monthly Income and Submit the Application.
2) Visit the branch with the gold
Go to the branch with pledged gold, 2 photos and KYC documents
3) Sign the document
4) Get a loan
Who can avail SBI Gold Loan?
Persons above 18 years of age with stable source of income including pensioners (no proof of income required) etc.
Required Documents
Application for gold loan with two copies of photographs
Proof of Identity with proof of address
loan amount
Minimum – Rs 20,000
Maximum – Rs 50 lakh
rate of interest
Currently, SBI is offering gold loans to customers at a minimum interest rate of 7.5 percent.
loan tenure
36 months
Where to apply for Gold Loan?
YONO and SBI Branch
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