South Indian Bank Gold Loan
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98 78 98 11 66 (Other Cities)
South Indian Bank came into being during the Swadeshi Movement, due to the combined efforts of a group of visionary men at Thrissur in Cochin. It was the first bank in Kerala to become a scheduled bank in 1946.
Why South Indian Bank Gold Loan?
Presently, the standard of living is higher. There are many people who are not able to pay their expenses and need some sort of financial assistance. A Loan is the best option for all of these people. There are many loans provided by the banks like personal loan, business loans, gold loans, etc. Gold Loan comes with the lowest interest rate among these loans. South Indian Bank provides Gold Loan with extreme benefits. The bank has the added advantage that it requires simple documentation and zero processing charges.
|Loan Tenure / Period||Rate of Interest (p.a.)||Valuation Fee|
|12 months||11 % to 14 %||NIL|
Eligibility Criteria for South Indian Bank Gold Loan:
For Salaried Individuals : 21 – 60 years
For Self Employed Individuals : 21 – 75 years
|Carat Range of Gold||22 to 24|
|Tenure of the loan||6 months or 12 months|
|Rate of Interest Charged||11.40% to 16.50%|
|EMI Option||Loan Duration can be extended to 36 months|
What are the Advantages of South Indian Gold Loan?
- South Indian Bank provides gold loans to proprietary firms, individuals and partnerships.
- A person can avail a Loan amount between Rs. 25,000 and Rs. 100 lacs.
- They charge a processing fees of 0.20% which is the lowest compared to other banks.
- Any individual who is applying for a Personal Loan or a Business Loan, but, is not eligible for them can apply for a gold finance.
* For any assistance regarding Gold Loan, call us on 600 11 600, our trained Relationship Managers will solve all your queries.
|Leading Gold Loan Providers (Click to Apply)|
Should you opt for gold loan from a bank or an NBFC?
When you apply for Gold Loan, the first question that comes to your mind is why gold loan, when there are other options which can offer you the required funds. The answer to this question is the ease and convenience with which this loan is processed and disbursed that score over other loan options. Also, it is offered at much lower interest rates as compared to unsecured loans. The reason behind the easy and simple processing of this loan is that being secured loan financial co... read more
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Banks still preserve their edge over NBFCs in Gold Loan Race
GET THE CHEAPEST GOLD LOAN IN JUST 5 MINUTES Call us on 600 11 600 (Single Number across 18 Cities)
RBI Increased NBFCs Gold Loan Limit to 75 per cent
Mumbai Jan 9 : People who want to avail Gold Loan can borrow more as Reserve Bank of India on Wednesday allowed Non Banking Financial Companies to lend up to 75 percent of the amount of metal from 60 per cent at present. RBI said, "It has been decided to raise the LTV (Loan-To-Value) ratio to up to 75 per cent for loans against the collateral of gold jewelry from the present limit of 60 per cent with immediate effect".