Features of State Bank of Indore Gold Loan
Customers who want quick cash or in the case of a financial emergency can apply for a Gold Loan from the State Bank of Indore. Essentially, the Gold loan provides rapid financing for a variety of objectives to lenders from medium and low-income groups. We provide a practical option for dealing with short-term financial problems.
Here are some advantages of a Gold Loan from the state bank of Indore
For anybody, the finest gold loan Provider is one that provides high-quality service in terms of client happiness as well as the following:
- Compare rates from Benchmark RBI and current market pricing before applying for the best interest rate.
Part-release facility, which allows you to take out some of your gold decorations as needed. - A large loan sum that can be used to satisfy short-term or long-term needs.
- Emergency money must be released quickly.
- In the worst-case scenario, such as the Covid era, it is available.
- Provides the highest level of protection for your gold.
- To gain permission, you’ll need the bare minimum of documentation.
State Bank of Indore Gold Loan Comparision with banks
Bank / NBFC | Rate Per Gram | Interest Rate | Gold Loan Tenure | Min – Max Loan Amount |
₹ 3,506 to ₹ 4,621 | 0.099 | 3 to 24 months | ₹ 10 thousand to 5 crore | |
Private Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.1 | 6 to 12 months | ₹ 10 thousand to 5 crore |
₹ 3,506 to ₹ 4,621 | 0.12 | 7 days to 36 months | ₹ 3 thousand to 1 crore | |
₹ 3,506 to ₹ 4,621 | 0.1225 | 12 months | ₹ 3 thousand to 1 crore | |
₹ 3,506 to ₹ 4,621 | 0.1025 | 36 months | ₹ 20 thousand to 50 lakh | |
₹ 3,506 to ₹ 4,621 | 0.1 | 3 to 36 months | ₹ 10 thousand to 5 crore | |
SBI Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.0975 | 12 to 36 months | ₹ 20 thousand to 50 lakh |
₹ 3,506 to ₹ 4,621 | 0.075 | 3 to 36 months | ₹ 20 thousand to 50 lakh | |
₹ 3,506 to ₹ 4,621 | 0.1025 | 12 months | ₹ 20 thousand to 50 lakh | |
₹ 3,506 to ₹ 4,621 | 0.1025 | 12 months | ₹ 10 thousand to 5 crore | |
IIFL Gold Loan | ₹ 3,506 to ₹ 4,621 | 0.12 | 11 months | ₹ 3 thousand to 50 lakh |
State Bank of Indore Gold Loan EMI calculator
Gold Loan Calculator
State Bank of Indore Gold Loan Documents Required
At the time of application the following documents are required:
- Proof of the citizenship of India
- Duly filled application form
- 2 passport-sized photographs
- Applicant’s KYC documents to establish Identity and Address
- Salary/ Income Proof
- Witness Letter in case of illiterate borrowers
- In the case of Agriculture Loan of more than Rs. 1 lac, land proof
- Certificate by the Jewel Appraiser (Bank will arrange)
At the time of disbursement the following documents are required:
- Demand Promissory Note & Demand Promissory Note Take Delivery Letter
- Gold Ornaments Take Delivery Letter
- Arrangement Letter
State Bank of Indore Gold Loan Documents Required – FAQs
✅ Who can Apply for Gold Loan?
Since the loan is given to agriculture, every farmer is instantly eligible for a loan.
✅ What is the State Bank of Indore Gold Loan?
State Bank of Indore Gold Loans can be met to fulfil all personal as well as professional needs. Gold loans from India Bank can be availed at attractive interest rates.
✅ What is Gold Loan Interest Rate in State Bank of Indore?
The rate of interest in the State Bank of Indore for Gold Loan starts at 7% per annum.
✅ How to check gold loan status in the State Bank of Indore?
You can check your State Bank of Indore Gold Loan status online by visiting the Bank’s online portal and filling in the form your Gold Loan application details