Overview of SBI Gold Loan Offer
The SBI Gold Loan Offer provides a secure way to access funds by pledging gold ornaments or coins. Loanpao partners with SBI to offer seamless applications, low rates, and quick disbursal for gold loans in India.
Why Choose SBI Gold Loans?
SBI’s gold loans are popular due to:
- Low Interest Rates: Starting at 9.05% p.a.
- High Loan Amounts: From ₹20,000 to ₹50 lakh.
- Flexible Repayment: Options from 3 months to 36 months.
- Trusted Lender: Backed by SBI’s reliability and RBI compliance.
Key Features of SBI Gold Loan Offer
SBI’s gold loan scheme offers:
Loan Details
- Loan Amount: ₹20,000 to ₹50 lakh based on gold valuation.
- Interest Rates: 9.05%–9.95% p.a. (subject to change).
- Tenure: 3–36 months (EMI or bullet repayment).
- Processing Fees: 0.50% of loan amount (min ₹500 + GST), waived via YONO app.
- Prepayment: No penalty for early repayment.
Comparison of Gold Loan Options
| Loan Type | Loan Amount | Interest Rate | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI Gold Loan | ₹20,000–₹50 lakh | 9.05%–9.95% p.a. | 3–36 months | 0.50% (min ₹500 + GST) |
| SBI Realty Gold Loan | Up to ₹20 lakh | 9.15%–10.0% p.a. | 3–36 months | 0.50% (min ₹500 + GST) |
| Loanpao Gold Loan | ₹20,000–₹50 lakh | 9.0%–10.5% p.a. | 3–36 months | Negotiable |
Loanpao’s Role in SBI Gold Loans
Loanpao simplifies access to SBI’s gold loan offer:
Benefits of Applying via Loanpao
- Streamlined Process: Online applications with minimal paperwork.
- Expert Guidance: Assistance with SBI’s terms and gold valuation.
- Fast Disbursal: Funds credited within 24–48 hours.
- Transparent Terms: No hidden fees, RBI-compliant.
Eligibility Criteria
To apply for SBI gold loans via Loanpao:
- Age: 18 years and above.
- Collateral: 18–22 carat gold ornaments or coins (up to 50 grams).
- Income: No income proof for SBI employees/pensioners.
- Residency: NRIs eligible with a local address.
Documents Required
- Gold loan application form.
- Aadhaar, PAN, or voter ID.
- Address proof (utility bill, passport).
- Two passport-size photographs.
- Witness letter (for illiterate borrowers).
How to Apply for SBI Gold Loan via Loanpao
Loanpao makes applying for SBI gold loans easy:
Steps to Apply
- Visit Loanpao’s application page.
- Enter personal and gold details.
- Upload KYC documents.
- Visit an SBI branch for gold appraisal.
- Get funds disbursed within 24–48 hours.
Why Choose Loanpao?
Loanpao offers low rates, quick processing, and compliance with RBI guidelines.
Case Study: Gold Loan Success
A customer secured a ₹5 lakh SBI gold loan via Loanpao at 9.05% p.a. for business expansion.
Frequently Asked Questions
SBI’s gold loan allows you to pledge gold for funds, with loans from ₹20,000 to ₹50 lakh at low rates.
Rates start at 9.05% p.a., subject to change based on SBI policies.
With Loanpao, funds are disbursed within 24–48 hours post-appraisal.
18–22 carat gold ornaments or coins, up to 50 grams per customer.
No, SBI gold loans have no prepayment penalties.
Yes, NRIs with a temporary local address are eligible.
Aadhaar, PAN, address proof, and two photographs are required.
Loanpao follows RBI guidelines with clear terms and no hidden fees.
Yes, apply via Loanpao or SBI’s YONO app for a seamless process.
Visit Loanpao’s website or contact support via the contact page.