SBI Gold Loan Per Gram

I am a farmer going to take gold loan from State Bank of India on my gold jewelry. I want to know details about the gold loan.

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State Bank of India (SBI)is India’s largest lender. It has its headquarters in Mumbai, Maharashtra. SBI offers flexible Schemes of Gold Loans / Loans against Ornaments

SBI Gold Loan EMI calculator looks as :


Here you have to enter :
Loan Amount
Term (in Years)
Interest Rate
Start From
Amortazation Type

SBI Gold Loans Eligibility

Age :
Minimum :21 years

Gold Can One Borrow Against:

Gold ornaments with karatage in the range of 18 to 24 karats

Specially minted gold coins sold by banks with a weight of upto 50 grams

Gold Loan Interest Rates
Fixed/ Floating Rate
Fixed RoI

Rate of Interest
12.50%

Processing Fees
Upto Rs. 511

SBI Gold Loan Features
Max Loan Tenure
30 months

Max Loan Amount
Rs. 20 lakh

Prepayment Charges
No

For more detail here is the attachment.

Attached Files Available for Download

detail about the SBI gold Loan.doc (33.5 KB, 41 views)

Bank extends hassle free finance to farmers / agriculturists against Gold Ornaments / gold wares to increase their liquidity to meet crop production expenses, Investment expenses related to agriculture and / or allied agricultural activities. Upto 70% of the value of the ornaments .Value will be as advised by the bank to the branches periodically. For more details regarding the gold loan you can download the pdf file provided.

Attached Files Available for Download

SBI FGL Details.pdf (148.9 KB, 335 views)

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Answered By StudyChaCha Member

I am a farmer going to take gold loan from State Bank of India on my gold jewelry. I want to know details about the gold loan. Amont for per gram and interest

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I am a farmer going to take gold loan from State Bank of India on my gold jewelry. I want to know details about the gold loan.