⍟  Lowest Interest Rate of 0.79% p.m.
⍟  Highest Rate Per Gram ₹ 5,121
⍟  No Melting of Your Gold
⍟  Get Loan in 1 Visit Only
⍟  100% Safety of Your Gold (kept in Bank Locker)

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Saptagiri Grameena Bank Gold Loan

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Saptagiri Grameena Bank Gold Loan Key Features – Apply Now

Saptagiri Grameena Bank Gold Loan Collateral Gold ornaments
Saptagiri Grameena Bank Gold Loan per gram ₹3435 to ₹4580 Depending on the purity of gold
Saptagiri Grameena Bank Gold Loan Age of Borrower 18 – 70 years
Saptagiri Grameena Bank Gold Loan Maximum Loan Amount Up to 10 lakhs
Saptagiri Grameena Bank Gold Loan Maximum Loan to Gold Value Ratio
Up to 70%, 90% in case of higher interest rates
Saptagiri Grameena Bank Gold Loan purity of Eligible gold 18 carat to 22-carat gold
Saptagiri Grameena Bank Gold Loan Tenure 6 months to 36 months

About Saptagiri Grameena Bank Gold Loan

Saptagiri Grameena Bank Gold Loan

Saptagiri Grameena Bank was established in the year 2006, after the merger of Sri Venkateswara Grameena Bank and Kanakadurga Grameena Bank. The head office of this bank is in Chittoor District in the state of Andhra Pradesh.

The network of this bank spreads over Chittoor and Krishna district of Andhra Pradesh with a total of 188 branches. Among these branches, 128 are in rural areas and 17 are in Urban Areas. Therefore, in order to avail financial services like Gold Loan in your village, apply online. In order to get a gold loan, Click Here.

Advantages of Saptagiri Grameena Bank Gold Loan

Advantages of Saptagiri Grameena Bank Gold Loan via Dialabank

  1. Instant Gold Loan: To begin with, loan on gold the bank sanctions Gold Loan quickly. The sum of the loan ranges from Rs. Ten thousand to Rs. 15 Lacs. The amount of quantity can be availed over the counter rapidly.
  2. Gold Coins: Secondly, this bank can also be avail against the security of 24-Karat gold coins which holds complete purity issues by banks operating in India. However, the weight of gold cannot exceed more than fifty grams per customer. The rules are laid down by RBI and are subject to change.
  3. Loan Tenure: Also, When it comes to availing the gold loan, then it holds the minimum duration of a half year to a most of extreme of a year.
  4. Attractive interest rates: the Fascinating rate of interest: On per gram of gold, the borrower can get the fascinating interest rate. Take a glimpse at the gold’s recent running interest rate.
  5. Foreclosure: The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure.

How Much Gold Loan Can I Get Through Saptagiri Grameena Bank Gold Loan?

Saptagiri Grameen Bank Gold Loan Per Gram – Updated January 2021

Updated - Gold Loan Per Gram Rate w.e.f 1st Jan 2021

Gold Weight Gold Purity
24 Carat
Gold Purity
22 Carat
Gold Purity
20 Carat
Gold Purity
18 Carat
1 gram 4680 4290 3900 3510
10 gram 46800 42900 39000 35100
20 gram 93600 85800 78000 70200
30 gram 140400 128700 117000 105300
40 gram 187200 171600 156000 140400
50 gram 234000 214500 195000 175500
100 gram 468000 429000 390000 351000
200 gram 936000 858000 780000 702000
300 gram 1404000 1287000 1170000 1053000
400 gram 1872000 1716000 1560000 1404000
500 gram 2340000 2145000 1950000 1755000

gold loan at 7%

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Saptagiri Grameena Bank Gold Loan Interest Rate

You can avail Saptagiri Grameena Bank Gold Loan at very attractive rates.

Gold Loan Rate Start 7.00 % p.a.
Repayment Scheme
Bullet Repayment Scheme, Overdraft Scheme
Prepayment Charges 0 – 2 %.
Service Charges variable
Document Charges variable
Gold Valuation Charges variable
Processing Fee 0.85%.

Saptagiri Grameena Bank Gold Loan Eligibility

Age 18-70 years of age
Nationality Indian
Employment Status
Salaried, Self-Employed
Gold Quality, Quantity
Minimum 18 Carats, minimum 10 grams
Requirements
Gold ornaments (18-22 carats)
CIBIL score Above 500

Documents Required for Saptagiri Grameena Bank Gold Loan

Some of the commonly required documents are as follows:

Photographs
2 Passport-Sized latest coloured photos
Identity Proof
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
Residence Proof
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)
Agricultural Land Proof
Required only if the Loan is taken for Agricultural Purpose. In the case of Agriculture Loan on the gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes.
Demand Promissory Note
Certificate by the Jewel Appraiser (Bank will arrange)

Apart from these, you may have to submit other documents as per the request of the bank.

gold loan at 7%

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Saptagiri Grameena Bank Gold Loan Features

  • Safety of Ornaments:  Of course the security of your Gold Jewellery is more in banks due to the proper security systems, unlike our homes.
  • Fast Process:  This is a type of secured loan therefore, you can get your gold loan processed in as quick as 30 minutes
  • Overdraft Facility:  The applicant has the option of overdraft facility that allows the applicant to enjoy anytime cash flow as per the needs.
  • Low-Interest Rates: Another feature is the Gold Loan Interest Rate is very less in comparison to other services provided by the banks and NBFC’s.

Forms of Gold Accepted for Saptagiri Grameena Bank Gold Loan

To start, to get your loan approved, the applicants should take care of the following:

  • Gold Jewelry(Any)- Bangles, Necklace, Bangles.
  • Gold Coins are not accepted.
  • Gold Bricks are also not accepted.

Note: 24 Carat Gold is also not accepted for a Gold Loan.

How to Apply for Saptagiri Grameena Bank Gold Loan?

The applicant can apply for a Gold Loan at the comfort of their home. You do not have to go anywhere in order to get financial help. all you have to do is:

  1. Visit Dialabank
  2. Next, A registration form will be displayed.
  3. Thirdly, Fill the form with the current information.
  4. Finally, You will get assisted by our trained relationship managers further.

Furthermore, The services provided by us is totally free of cost.

*For any assistance regarding Gold Loan, call us on 9878981144, our trained Relationship Managers will provide you with the best information.

gold loan at 7%

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Saptagiri Grameena Bank Gold Loan EMI Calculator

Rate of Interest
6 months 1 Yr 2 Yrs 3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

gold loan at 7%

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Use of Saptagiri Grameena Bank Gold Loan

The funds acquired by availing theSaptagiri Grameena Bank Gold Loan service can be used for several purposes such as:

  • To finance any personal expenses such as a wedding, travel, payment of higher education fees, etc.
  • For all your business needs, such as buying raw material, expansion of business, etc.
  • You can also avail a Gold Loan for agricultural purposes. The bank offers lower rates of interest for Gold Loans that are used for agriculture or allied activities.

Saptagiri Grameena Bank Agricultural Jewel Loan Scheme

Scheme Saptagiri Grameena Bank Agricultural Jewel Loan Scheme
Interest Rate  Starting from 7% (depends on the sum of the loan
Least amount of Loan Depends on the value of the jewel which is being kept as security
Loan period Adjustment of advance sum inside 2 months from the date of reap of yields

Benefits of Saptagiri Grameena Bank Agricultural Jewel Loan Scheme

  • Saptagiri Grameena Bank charges a processing fee of up to ₹ 500
  • Minimum of ₹ 300 charge, that is 0.30% of the loan amount, applies to the amount ranging from above ₹  20,000 – less than ₹ 20 lakh
  • 0.28% of the credit sum, subject to at least Rs.1,500 applies to the amount more than Rs.5 lakh however under Rs.1 crore.

Saptagiri Grameena Bank Gold Loan Overdraft Scheme

Saptagiri Grameena Bank offers an Overdraft Scheme. With this, the loan amount is provided as an overdraft facility. It functions as a Credit Card, where you can spend your Gold Loan Amount as per your wishes, anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Saptagiri Grameena Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

FAQ’s About Saptagiri Grameena Bank Gold Loan

 What is Saptagiri Grameena Bank Gold Loan?

Saptagiri Grameena Bank Gold Loan service is given to its customers for fulfilling their short term need for funds for personal or business use, but not for speculative uses. The banks give loans at a low rate of interest with flexible tenure and convenient repayment options. The application process is simple with quick disbursal.

How much Gold Loan can I get per gram in Saptagiri Grameena Bank?

The amount of Saptagiri Grameena Bank gold loan granted per gram of Gold varies every day as it is influenced by the market price of the gold. Saptagiri Grameena bank provides a loan to value ration of 70%.

What is the Gold Loan interest rate in Saptagiri Grameena Bank?

The interest rate charged on Saptagiri Grameena Bank gold loan usually starts from 10.75% per annum depending on the amount to be borrowed. The bank also deducts some processing, documentation and gold valuation fee from the loan amount. The interest rate can increase if the purity of the gold collateral is low.

How to pay Saptagiri Grameena Bank Gold Loan online?

The Saptagiri Grameena Bank provides many easy and convenient ways to repay the Gold Loan online from the bank. You can do it through the bank’s online portal or even through net banking apps like Paytm.

 How to apply for Gold Loan in Saptagiri Grameena Bank?

The application process for Saptagiri Grameena Bank gold loan is an easy process. You need to visit the branch along with your documents and gold collateral. If you want to do it online, visit the bank’s website or apply through Dialabank.

✅ What is the loan tenure of the Saptagiri Grameena Bank gold loan?

The loan tenure for a Saptagiri Grameena Bank ranges from 6 months to 36 months. You have the option to choose the tenure yourself. So make sure you make the choice keeping in mind the repayment of your loan.

How to take Gold Loan from Saptagiri Grameena Bank?

Taking Gold Loan from Saptagiri Grameena Bank is a simple and hassle-free process. Provide the bank with the documents and the gold collateral. Fill up some application forms and sign an agreement. Once your documents are verified and the offer is accepted by you, the loan will be sanctioned.

How to check Saptagiri Grameena Bank Gold Loan status?

You can check the status of your Gold Loan from Saptagiri Grameena Bank by visiting the loan branch of the bank and contacting your loan officer or through the bank’s customer care helpline number.

How to renew Saptagiri Grameena Bank Gold Loan?

The renewal procedure of the Saptagiri Grameena Bank gold loan is completed once you visit the branch with all your loan-related documents and agree on the new terms for the Gold Loan which are formed after the gold is released and revalued again at the latest market prices of the gold.

What happens if someone defaults Saptagiri Grameena Bank Gold Loan?

If someone is unable to pay the Saptagiri Grameena Bank Gold Loan amount, the bank reduces their credit score affecting their loan taking ability in the future and also charges a penalty fee from the borrower. Continuous defaults in making the payment give the banks the legal right to auction your gold publically to recover its bad debt.

What is the Overdraft Scheme for Saptagiri Grameena Bank Gold Loan?

Saptagiri Grameena Bank does provide an Overdraft Scheme and the overall loan amount will have a Credit/Loan Limit. In Saptagiri Grameena Bank Gold Loan Overdraft facility, the bank charges interest only on the amount that you will withdraw/utilize.

What is the Saptagiri Grameena Bank Gold Loan closure procedure?

Once the loan is paid, the bank will close your gold loan immediately.

What is the Saptagiri Grameena Bank customer care number?

9878981144 is the customer care number of the Saptagiri Grameena Bank.

✅ What is Saptagiri Grameena Bank Gold Loan Preclosure charges?

The Saptatagiri Grameena Bank decides the preclosure charges.

What is the maximum gold loan tenure?

The maximum gold loan tenure for the Saptagiri Grameena Bank is up to 36 months

✅ What is the minimum gold loan tenure?

The minimum tenure of the gold loan from Saptagiri Grameena Bank is 6 months.

✅ What are the foreclosure charges of the Saptagiri Grameena Bank Gold Loan?

Saptagiri Grameena Bank charges an interested borrower up to .50% on the principal amount in case of a Gold Loan Foreclosure.

Others Major Gold Loan Providers 

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