SBI Gold Loan

Gold Loan at 7.10%* p.m.

Apply & Get Instant Money

SBI Gold Loan Key Features

SBI Gold Loan Interest Rate 7.10% per annum
SBI Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
SBI Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
SBI Gold Loan Processing Fee 1.50% of the Principal Loan Amount
SBI Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
SBI Gold Loan Repayment Tenure 3 Months to 24 Months
SBI Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About SBI Gold Loan

Gold Loan is the best way to get money in a short span. This loan is secured against Gold Ornaments. Magicloans.in will give you the Best Gold Loan offer at your Local place. The SBI Gold Loan portfolio is the largest in India as well as all around the globe. It is humbling to know that more than 80,000 people avail of our trusted services on a daily basis.

SBI Gold Features

  1. First of all SBI Gold Loan doesn’t accept gold in the form of gold bars, and gold coins.
  2. The starting amount that can be provided to the customers is Rs. 1500 here and it can be extended up to one Crore.
  3. Time for the disbursal of the loan is very less here. Therefore you will be able to get the amount of loan in your account within a few minutes.
  4. SBI Gold Loan provides very tight security to the gold assets provided by the customers. So the customer’s gold is kept under three-layer security. So there is no risk.
  5. Most noteworthy is that there are no charges for closure.
  6. SBI Gold Loan provides the facility of prepayment also, there are no penalty charges for this.
  7. The customer can return the loan amount from 1 day to 36 months.
  8. 1% of the loan amount is charged as the processing fees.
  9. Most importantly there are no prepayment or part payment charges.
  10. Besides, that service tax and other governmental tax charges will be applied.
  11. The documentation involved is very minimal and there is an option for pre-part payment without any penalty.

SBI Gold Loan Eligibility CriteriaSBI Gold Loan

  1. Regular Income Group: This category includes salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings including central, state, and local bodies.
  2. Age: 21-60 years.
  3. Employment: Have had a job for at least 2 years and a minimum of 1 year with your current employer
  4. Earning: Minimum income: Rs. 10,000/- per month net income
  5. Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Calcutta, Ahmedabad, Cochin)

SBI Gold Loan Documentations

The process of documentation is very easy and simple.

  1. Identity proof (Passport/Id card/voter card/driving license) can be any one of them.
  2. 3 passport size photos
  3. A passport is can be an ID proof because a passport has a name, age, address, and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately.
  4. Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  5. Driving license can also be a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer.
  6. Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
  7. PAN card is the permanent account number and it prevents the financial frauds. So it can be an identity/residence proof. Pan Card is a very essential document under KYC (know your customer) formality.
  8. Ration card also can be a residence proof because it provides enough information about the applicant.

Pay interest only for the exact period of the loan, and to the exact number of days.

Why Magicloans.in is an excellent platform to apply for a loan?

Here, we are to provide you with the loans, and here we are to offer loans and tell you why Magicloans.in is better than other websites.

Magicloans.in here values your time, and thus we provide you loans in a quicker period. There are many perks if you choose us over the other website:

  1. To begin with, you will enjoy many benefits if you decide to take your gold loan from us
  2. After that, you have to fill the gold Loan form, and you will receive a call from our relationship manager.
  3. Besides this, more concessional rates will be provided to you besides all of the other facilities.
  4. And there is no need to go to the bank.
  5. Furthermore, your documents will be picked up from your doorstep.

Features

  1. First of all Know your gold loan eligibility in 1 minute, available online and across all branches.
  2. After that Highly competitive interest rates for personal loans.
  3. Besides that Special offers, interest rates, and nominal charges for SBI Bank account holders.
  4. And Special gold loan offers* for women employees.

Benefits

  1. First of all Simple documentation
  2. After that Competitive pricing
  3. Besides that personal loan disbursal is very quick.
  4. And Transparent procedure
  5. Personal loans were available for Marriage and other Personal Needs.

How to Apply on magicloans.in?

  1. To begin with, you have to look up for magicloans.in on google.
  2. Thereafter, a form will open up and you have to fill-up the form with the appropriate information.
  3. You will get more information from us following that.
  4. Search for magicloans.in on google

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%