About Sarva Haryana Gramin Bank Gold Loan
Sarva Haryana Gramin Bank was established in the year 2017. This bank was formed after the merger of two banks Haryana Gramin Bank and Gurgaon Gramin Bank. Now, the bank has its head office in Rohtak. Furthermore, the bank operates in all 22 districts of the state of Haryana. Moreover, the bank has a wide network of 650 branches in the state of Haryana. There are a lot of financial facilities provided by this bank. One of them is a Gold Loan.
Sarva Haryana Gramin Bank Gold Loan Key Features
|Gold Loan per gram||
variable depending on the purity of gold
|Age of Borrower||18 – 70 years|
|Loan Amount||Rs. 18000 Up to Rs. 1 crores|
|Maximum Loan to Gold Value Ratio||
Up to 70%, 90% in case of higher interest rates
|The purity of Eligible gold||18 carat to 22-carat gold|
|Loan Tenure||12 months to 48 months|
Sarva Haryana Gramin Bank Gold Loan Benefits
- Great Availability: First and foremost, Loan against gold is a secured service, therefore the processing of this loan is quick as the bank is mostly concerned with the quality and weight of the gold.
- Negligible foreclosure charges: Generally, banks do not have any prepayment charges but some banks can charge a penalty of just 1%.
- Safety of Ornaments: Moreover, The ornaments are more secure with the banks due to the strict security In the banking institutions which is quite less at homes.
- No qualification of Credit Score: As Sarva Haryana Gramin Bank Gold Loan is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
- Low Rate of Interest: In contrast to services like personal loans, the Gold Loan Interest Rates are the least as banks keep security against the loan.
- Income-proof not required: Also, The salary of an applicant is not an issue for availing a gold loan as it depends majorly on the weight and quality of gold available with the applicant.
- No loan processing charges: Another advantage is that the applicant does not have to pay extra for this service as the approval solely depends upon the asset kept as security.
- Flexible tenure: In addition to other advantages, the applicant can choose the tenure of the loan according to their requirements and needs.
- Only payment of interest: Lastly, the applicant has the option to pay the principal amount at the end of the tenure and only the interest every month.
How Much Can I Get Through Sarva Haryana Gramin Bank Gold Loan?
|Sarva Haryana Gramin Bank Gold Loan Rates/ Gram|
|Weight||Loan on 18Cr Gold||Loan on 20Cr Gold||Loan on 22Cr Gold||Loan on 24Cr Gold|
Sarva Haryana Gramin Bank Gold Loan Eligibility
|Age||18-70 years of age|
Gold Quality, Quantity
Minimum 18 Carats, minimum 10 grams
Gold ornaments (18-22 carats)
|CIBIL score||Above 500|
Documents Required for Sarva Haryana Gramin Bank Gold Loan
Apart from the below-mentioned documents, the bank might ask you to submit some other documents. These are only the commonly required ones.
2 Passport-Sized latest coloured photos
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
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)
Sarva Haryana Gramin Bank Gold Loan Interest Rate
|Gold Loan Rate||10.50% p.a.|
Bullet Repayment Scheme, Overdraft Scheme
|Prepayment Charges||0 – 2 %.|
|Gold Valuation Charges||variable|
Sarva Haryana Gramin Bank Gold Loan EMI Calculator
Rate of Interest
|6 months||1 Yr||2 Yrs||3 Yrs|
How to Apply for Sarva Haryana Gramin Bank Gold Loan?
To Apply for a Sarva Haryana Gramin Bank gold loan, visit the Dialabank website and check your eligibility. If you are eligible, go to the homepage and click on the gold loan option. Fill up your details in the space provided. You will find some shortlisted offers in your inbox after a short while. Our experts will then give you a call and help you through the process.
To clear up any queries, call us on 9878981144
FAQ’s About Sarva Haryana Gramin Bank Gold Loan
✅What is Sarva Haryana Gramin Bank Gold Loan?
Sarva Haryana Gramin Bank gold loan is a loan provided at competitive rates of interest which depends on the amount of the loan to be borrowed. You can Gold Loan to fulfil any expenses whether leisure (travel, wedding, etc.) or professional (business use). The bank also provides easy repayment options.
✅How much Gold Loan can I get per gram in Sarva Haryana Gramin Bank?
Sarva Haryana Gramin Bank gold loan rate per gram varies as the gold price in the market varies. The bank gives you loans at a low rate of interest where you can get about 70% of your market value of the gold. The total amount depends upon the quality of your gold that is to be pledged by the borrower.
✅What is the Gold Loan interest rate in Sarva Haryana Gramin Bank?
The rate of interest charged on Sarva Haryana Gramin Bank gold loan is usually 10.50% per annum and can go up to 13%.
✅How to pay Sarva Haryana Gramin Bank Gold Loan online?
The Sarva Haryana Gramin Bank provides various online gold loan repayment methods which are convenient and fast. You can visit the branch for more details.
✅How to apply for Gold Loan in Sarva Haryana Gramin Bank?
Application for the Sarva Haryana Gramin Bank Gold Loan can be done offline by visiting the bank or online through its portal. If you apply through Dialabank, the process will be much more facile and you will get personalized assistance. You need minimal documentation and gold ornaments that are to be kept as security with the bank against the loan amount.
✅How to take Gold Loan from Sarva Haryana Gramin Bank?
Sarva Haryana Gramin Bank gold loan can be taken by applying in person by visiting the nearest branch or online. After checking your eligibility ad submitting your documents, your collateral will be valued and weighed. An offer will be made to you. Once you accept the best offer, the loan amount will be sanctioned.
✅How to check Sarva Haryana Gramin Bank Gold Loan status?
You can check the status of your Sarva Haryana Gramin Bank Gold Loan by contacting your Sarva Haryana Gramin Bank branch either in person or through customer care number. Once you provide the bank with your application details, your loan officer will help you trace your loan.
✅How to renew Sarva Haryana Gramin Bank Gold Loan?
Renewal of your Sarva Haryana Gramin Bank Gold Loan can be done by visiting the branch personally with all the loan-related documents. The gold will be released and then revalued as per the prevailing prices in the market. Upon agreement of new terms, your loan will be renewed.
✅What happens if someone defaults Sarva Haryana Gramin Bank Gold Loan?
If someone defaults with repayment of the Sarva Haryana Gramin Bank Gold Loan, the bank will first serve you with legal notices and warnings. If you continue to falter at your payments, your gold will be seized and sold off. Your credit score will take a hit.
✅How can I apply for the EMI moratorium on the Sarva Haryana Gramin Bank Gold loan?
You can apply for a Sarva Haryana Gramin Bank gold loan EMI moratorium only until 5 days before the EMI payment date. You can apply by providing the bank with your loan details online or by visiting the branch.