State Bank of India (SBI) is giving Gold Loan by pledging coins along with gold ornaments. In the current difficult situation, gold loan is considered to be the fastest, safest and easiest way to raise funds immediately in case of any kind of emergency.
New Delhi. In the midst of the corona virus epidemic, the demand for loans on gold jewelery kept in the house or locker has been very strong. Even at this time, a large number of people are reaching out to banks and financial institutions to take gold loans. Meanwhile, the country’s largest lender State Bank of India has made gold loans very easy for its customers. At present, State Bank is providing Gold Loan on the lowest documents. SBI is providing gold loan of minimum 20 thousand and maximum up to 50 lakh rupees. Let us know how much interest SBI is charging on Gold Loan?
SBI is giving gold loan by pledging gold ornaments as well as coins. In the current difficult situation, gold loan is considered to be the fastest, safest and easiest way to raise funds immediately in case of any kind of emergency. SBI is currently providing Gold Loan Interest Rates at an interest rate of minimum 7 percent and maximum 29 percent. You can apply for gold loan from SBI by logging in with your YONO account. Apart from this, gold loan can also be availed by visiting SBI branch directly. Let’s find out how to apply for a gold loan?
How to Apply Online for Gold Loan
>> Login to YONO Account. At the top left of the home page, click Menu.
>> Click on Loan Option. Then select the option of Gold Loan. Click on Apply Now.
>> Fill all the details like Type, Quantity, Carat and Net Weight of Jewelery with all the details given in the dropdown.
>> Enter your net monthly income and submit.
>> You have to provide Address Proof and Identity Proof.
How To Apply For Gold Loan At Branch
>> Get Your Gold Jewelery To Branch For Gold Loan From SBI Branch.
>> Visit the branch with 2 photos and KYC documents for gold loan.
>> Sign all the documents to be submitted and the loan form.
>> After this your gold will be done and you will get the gold loan.
>> SBI is offering Gold Loan to the customers for a maximum period of 36 months.
Who can take SBI Gold Loan
>> Individuals above 18 years of age with a stable source of income can take SBI Gold Loan.
>> No proof of income is required if a pensioner applies for SBI Gold Loan.
