Saptagiri Grameena Bank Gold Loan

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Rates as low as 10.00%*
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Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
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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.

Saptagiri Grameena Bank Gold Loan Interest Rate

To begin, you can avail Saptagiri Grameena Bank Gold Loan at low interest rates. Saptagiri Grameena Bank interest rate starts at 10.75% annually.

Then, the charges of loan application are minimal. Thus, making it a good option.

Saptagiri Grameena Bank Gold Loan Eligibility

  1. The applicant can avail a loan as long as the eligibility criteria are fulfilled:
  2. Firstly, The applicant should lie in the age group 18-70 years
  3. Most importantly, you should be a citizen of India
  4. No employment status is considered, therefore, both salaried and self-employed can apply.
  5. The weight and quality of gold are equally important as a result the gold should weight at least 10 grams and purity should lie between 18 carats to 22 carats.
  6. Importantly, the applicants want to avail a gold loan for agricultural practices then they have to show the land proof.

Documents Required for Saptagiri Grameena Bank Gold Loan

  • Proof of Adress of Applicant: The applicant has to particularly choose from: Aadhar Card /Pan Card/Valid Driving License/ Ration Card/ Utility Bills on the name of applicant/ Rental Agreement of applicant/ Voter ID card.
  • Proof of Identity: The document for proof of identity should be specifically from one of the following: Aadhar Card/ Pan Card/ Driving License/ Voter ID Card
  • Signature Proof: The documents considered for proof of signature are namely, Bank’s Verification document/ Valid Passport.
  • Besides the above requirements, the applicant needs 2 passport size colored photographs.
  • Additional Documents Required for Saptagiri Grameena Bank Gold Loan
  • The banks generally demand the above-given documents. However few banks demand some additional documents which are as follows
  • Land Proof: In the case of Agriculture Loan of more than Rs. 1 lakh. The proof is not required for allied agriculture purposes.

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 www.dialabank.com
  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 95920-46860 or 60011600, our trained Relationship Managers will provide you best information.

FAQ’s About Saptagiri Grameena Bank Gold Loan

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

The amount of loan granted per gram of Gold depends on the purity of the gold to be pledged and the market price of the Gold. The banks usually give 80% funding of the total value of the gold in the market.

Q. What is Saptagiri Grameena Bank Gold Loan?

Saptagiri Grameena Bank gives the Gold Loan service to its customers for fulfilling their short term need for funds for personal or business use. 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.

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

The rate of interest charged on these loans usually starts from 10.70% per annum depending on the amount to be borrowed. The banks also charge some processing fee from the loan amount.

Q. How to pay Saptagiri Grameena Bank Gold Loan online?

The Saptagiri Grameena Bank provides many easy and convenient ways to repay the Gold Loan from the bank. For more information, visit the nearest loan branch of the bank.

Q. How to apply Gold Loan in Saptagiri Grameena Bank?

The application process for Gold Loan from Saptagiri Grameena Bank is an easy process. You need to visit the branch along with your documents and fill a form to apply for the loan. You can also apply from the comfort of your home through Dialabank’s digital platform to avail of the best deals of the market.

Q. How to renew Saptagiri Grameena Bank Gold Loan online?

The renewal process of Gold Loan from Saptagiri Grameena Bank requires your presence in the branch as the gold you previously kept as security has to be evaluated after it is released. For detailed information, you need to contact your loan officer.

Q. How to take Gold Loan from Saptagiri Grameena Bank?

Taking Gold Loan from Saptagiri Grameena Bank is a simple and hassle-free process. You can apply by visiting the branch or applying through Dialabank.com. The bank requires minimal documentation and charges a low rate of interest along with providing quick sanction of the loan amounts.

Q. What is Gold Loan in Saptagiri Grameena Bank?

Gold Loan is a financial service where the loan is provided to individuals so that they can meet their personal or professional expenses. Saptagiri Grameena Bank provided this service at an attractive rate of interest and a flexible tenure according to the borrower.

Q. How to get Saptagiri Grameena Bank Gold Loan?

Getting this loan is a quick process as the bank requires minimal documentation for processing the loan and also gives quick disbursal after approval of the application. You can apply for this loan either by visiting the nearest loan branch or through Dialabank’s digital platform to get personalized service to avail the best deal according to your needs.

Q. 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.

Q. How to close Saptagiri Grameena Bank Gold Loan?

Closure of the Gold Loan takes place once the bank releases your ornaments after realizing the amount due for the loan. The bank also issues a No Dues Certificate while releasing the gold.

Q. How to renew Saptagiri Grameena Bank Gold Loan?

The renewal procedure 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.

Q. What happens if someone defaults Saptagiri Grameena Bank Gold Loan?

If someone is unable to pay the 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 the amount.

Q. How many branches of Saptagiri Grameena Bank Gold Loan?

The Saptagiri Grameena Bank is a having 220 branches of which 134 branches are in the Chittoor district and 86 branches are in Krishna district.

Others Major Gold Loan Providers 

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