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How can I check my gold loan eligibility?
Here are five things you need to know about Gold Loan eligibility process.
- Age of the applicant. To be eligible for a Gold Loan, you should be in the age group of 18 to 65 years.
- Loan repayment tenure.
- Your occupation.
- Type of gold accepted.
- Maximum loan to Value ratio (LTV Ratio)
Who is eligible for SBI Gold loan?
SBI Gold Loan Per Gram
| Eligibility Criteria | SBI Gold Loan Eligibility |
|---|---|
| Age of Borrower | 18 – 65 years |
| Maximum Loan Amount | ₹ 50 Lakh |
| Maximum Loan to Gold Value Ratio | Up to 75\% |
| Purity of Eligible gold | 18 carat to 22 carat gold |
What is the interest rate on gold loan in SBI?
7.50 per cent
SBI Gold Loan Interest Rate: State Bank of India is offering gold loan at an interest rate at 7.50 per cent.
Which bank gives highest value for gold loan?
Best Gold Loan Interest Rates Comparison
| HDFC Bank | 9.50\% to 17.55\% |
|---|---|
| Muthoot Finance | 12\% to 27\% |
| ICICI Bank | 10\% to 19.76\% |
| Punjab National Bank | 8.75\% to 9.0\% |
| Yes Bank | 8.40\% to 14.40\% |
What is SBI PAPL?
Having an account with SBI is more rewarding now! You can avail Pre-approved Personal loans instantly at your convenience on 24*7 basis through YONO app in just 4 clicks. Presently, this loan is being offered to a category of customers who are pre-selected on certain parameters pre-defined by us.
Is SBI Gold loan Safe?
Security – Gold items provided as security are returned on repayment of loan. Fast approval – This loan is easy to avail, with quick approval and minimal documentation. Low processing fee – SBI charges a processing fee of 0.25\% of the loan amount.
Which is better, gold loan or personal loan?
Gold loan Is cheaper than personal Loan because financial institution is taking Gold as collateral. Personal loan is un-secured and hence carries higher interest.
What is the rate of interest for SBI Bank?
Features & Benefits of SBI Fixed Deposit Competitive rate of interest – Investors in SBI fixed deposits can get up to 5.40\% rate of interest on their deposits. Auto renewal facility – SBI gives you the option to automatically renew your FD in case you wish to extend the tenure of your deposit. Minimum deposit of ₹1000 – The minimum deposit for most FD schemes is only ₹ 1,000.
What is SBI gold deposit scheme?
SBI has launched a Gold Deposit scheme to make use of privately held stock of gold and reduce countrys dependence on imported gold.
What is the eligibility for SBI scholar loan?
Eligibility Criteria for SBI Scholar Loan 1. Nationality. You have to be an Indian to apply for and avail the loan. 2. Secured Admission. You should have secured admission to professional or technical courses in select premier institutions through entrance test or selection process. Documents Required Under SBI Student Loan Scheme Salaried Individuals