Saurashtra Gramin Bank Gold Loan

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Rates as low as 1% p.m.
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Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
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Saurashtra Gramin Bank Gold Loan

Saurashtra Gramin Bank is an RRB set up in under Regional Rural Bank Act, 1976. Besides that,  it is an amalgamation of three banks namely JRGB, JAGB & SBGB, prompted by SBI since 1978. Saurashtra Gramin Bank has its presence at 11 districts of state Gujarat named as Rajkot, Jamnagar, Surendranagar, Junagadh, Amreli, Porbandar, Bhavnagar, Somnath, Botad, Morbi, Dev Bhumi Dwarka. Furthermore, the company provides financial services to customers like Gold Loan, Wealth management services and also Agriculture Loans.

What is Gold Loan?

Do you have gold jewelry? If yes! Then you can use this jewelry of gold to overcome the financial problems of life. Gold Loan is a secured service. Thus the applicant has to put gold ornaments in the bank to avail a loan against them. After the applicant repays the amount of loan, the jewelry gives back to the applicant. Most of the people avail this service because Gold Loan Interest Rates are quite low in contrast to other services.

Saurashtra Gramin Bank Gold Loan Interest Rate

In general Loan on Gold, the credit is available at a low-interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the Gold interest rates are less than that of personal loan or any other kind of loans. Though the Gold loan rate keeps on changing with the passage of time as well as person to person.  Saurashtra Gramin Bank Gold Loan is available at 1% per month interest rate.

  • Gold Loan Interest rate – 10.70 %
  • Low processing fee –  0.85%
  • Pre-closer charges range from 0 – 2 %.
  • Tenure minimum six months; maximum five year
  • Amount – Thousand to a crore

Why Should You Choose Saurashtra Gramin Bank Gold Loan?

Saurashtra Gramin Bank Gold Loan

So many banks and non- financial organizations provide a Gold Loan. Then why should you choose  Saurashtra Gramin Bank for a Gold Loan? Here are some reasons

  1. The bank is very dedicated to its customers.
  2. High Loan amount from a minimum in thousands to a crore.
  3. Quick processing.
  4. Bad credit history/ CIBIL score is not an issue.
  5. Instant Processing and Disbursal.
  6. The lowest interest rate.
  7. Minimum documentation required.
  8. Flexible repayment options

Saurashtra Gramin Bank Gold Loan Advantages 

  • Less Documentation Process – Firstly, Documentation requirements for availing a Gold Loan from Saurashtra Gramin Bank Gold Loan are quite less. The applicants are not asked to provide lengthy proofs to avail the financial service.
  • Easy to get – Another feature is, Availability of Saurashtra Gramin Bank Gold Loan service is excellent. That is, people can easily avail a gold loan at nearby branches. It is not tough to find a nearby branch.
  • CIBIL Score – In addition to this, Credit Score does not matter in this service, that is, the applicant does not have to worry about low credit repayment history. If anybody has a bad repayment history, they can improve the same by taking a Gold Loan.
  • Processing Fees – Furthermore, Saurashtra Gramin Bank Gold Loan does not charge any processing cost for a loan application. Most of the banks charge a fee, but in the case of this company, there are no charges of availing a Gold Loan.
  • Tenure- Also, Saurashtra Gramin Bank Gold Loan provides a flexible period of the loan. It starts at one year and can go up to 1 year.
  • Safety – Moreover, the protection of ornaments is the responsibility of the bank. That is, the applicant does not have to worry about the ornaments they have deposited.
  • Simple Process – Last but not least, the system of this service is very transparent. That is, Saurashtra Gramin Bank Gold Loan does not hide anything from the customers.

Saurashtra Gramin Bank Gold Loan Eligibility

  • The age of the applicant should lie between 18 years to 70 years.
  • The applicant should be a citizen of India.
  • The quality of gold should be from 18 Carat to 22 Carat to get a loan.
  • Another equally essential criteria are the weight of gold which should be more than 10 grams.
  • Anyone can apply for a Gold Loan whether you are a salaried applicant or self-employed.
  • To avail a Gold Loan on agriculture land, one has to submit the land proof to the bank.

Saurashtra Gramin Bank Gold Loan Documentation

  1. Identity Proof is required. It can be an Aadhar Card/ Voter ID card/ PAN Card/Driving License/ passport.
  2. One proof of residence is also required while applying for a gold loan; it can also be an Aadhar Card/ Card/ Voter ID card/ PAN Card/Driving License/ passport/Ration Card/Electricity/water bills of last three months with the name of the applicant.
  3. Two colored photographs.

Additional Documentation for Loan on Gold

The bank needs a Proof of ownership of Land if you are applying for an agriculture gold loan.

  • Land Proof – In the case of Agriculture Loan on gold of more than Rs. 1 lac. The proof is not needed for allied agriculture purposes.
  • Income Proof of Salary Certificate as well as Form No.16

Gold Loan Process

  1. The bank checks the purity of the gold.
  2. The bank verifies the market rate for gold and the price of the previous day is take into consideration
  3. The LTV (Loan to Value) set by the RBI is 75%.
  4. If you have acknowledged the Gold loan amount and terms, the lender processes the application. The processing fees & other charges deducted from your Gold loan amount.
  5. After signing the agreement, the loan amount is disbursed to your account.

Why Dialabank for online Gold Loan?

1. Firstly offers a very easy process of application for Online Gold Loan

2. After that, the applicant gets a good comparison of the gold interest rates of other banks as well.

3. Furthermore, the company provides the document pickup facility from your doorstep.

4. Lastly, you will get the best as well as the lowest interest rate. Moreover, for more information call 9592046860 or 60011600 with your city code.

FAQ’s About Saurashtra Gramin Bank Gold Loan

How much Gold Loan can I get per gram in Saurashtra Gramin Bank?

The per gram Gold Loan rates in Saurashtra Gramin Bank depends on the rate of gold in the market and the quality of the gold that is to be pledged. The bank gives 80% funding of the total value of the gold.

What is Saurashtra Gramin Bank Gold Loan?

Gold Loan by Saurashtra Gramin Bank is an easy to avail financial service for the fulfillment of your financial needs at attractive rates of interest and a maximum tenure of 12 months. The bank requires minimal documentation and has convenient modes of repayment.

What is the Gold Loan interest rate in Saurashtra Gramin Bank?

The Saurashtra Gramin Bank charges about 12% per annum on the Gold Loan depending on the amount of the loan. The rate of interest charged is low as these are fully secured loans and the banks have no risk in lending the amount.

How to pay Saurashtra Gramin Bank Gold Loan online?

The bank gives you easy and convenient options for paying your Gold Loan. You can visit the nearest loan branch for more information.

How to apply Gold Loan in Saurashtra Gramin Bank?

Applying for the Gold Loan is a simple and hassle-free process, which can be done either offline by visiting the branch or online through Dialabank’s digital platform. You just need to fill a form and require minimal documents for completing the application process.

How to renew Saurashtra Gramin Bank Gold Loan online?

The renewal process begins once you reach the branch with all gold loan-related documents and get the gold revaluated at the. For more information on this call the bank’s customer care helpline.

How to take Gold Loan from Saurashtra Gramin Bank?

Taking Gold Loan from Saurashtra Gramin Bank is a hassle-free process as you just need to be a customer of the bank already or a resident of the area of the bank to take the Gold Loan service of the bank. You need minimal documents and at least 18K gold ornaments. The bank gives disbursement of the loan on the same day as of approval.

What is Gold Loan in Saurashtra Gramin Bank?

Loan against Gold as security with the bank is a service to fulfill the urgent requirement of funds of the borrowers which can be for personal, business or agriculture use. The Saurashtra Gramin Bank gives this loan at a competitive rate of interest with flexible tenure. The bank also gives easy repayment options with the facility of renewal as well.

How to get Saurashtra Gramin Bank Gold Loan?

Getting Gold Loan from Saurashtra Gramin Bank is a quick and hassle-free process. Just visit Dialabank’s digital platform to apply for the gold loan and get the best deal according to your needs.

How to check Saurashtra Gramin Bank Gold Loan status?

You can check the status of your Gold Loan by contacting the customer care helpline of the bank or by visiting the branch physically and meeting the loan officer.

How to close Saurashtra Gramin Bank Gold Loan?

Closure of the Gold Loan takes place once the payment of the loan has been completed and the bank has realized the same amount. Saurashtra Gramin Bank gives you the option of paying quarterly, half-yearly or yearly installments of the amount due. For more details visit the nearest branch of the bank today.

How to renew Saurashtra Gramin Bank Gold Loan?

Visit your loan branch with all the documents that are related to your Gold Loan and apply for a renewal with your loan officer. After revaluation of your gold at the latest market prices and payment of any fee as applicable, your loan will be renewed for another term.

What happens if someone defaults Saurashtra Gramin Bank Gold Loan?

If someone defaults the Gold Loan repayment, the bank has full rights to sell the gold ornaments that were kept as security to recover the loan amount. Also, this affects your credit score negatively which affects your loan taking capacity in the future.

How many branches of Saurashtra Gramin Bank Gold Loan?

Saurashtra Gramin Bank has a wide network of branches providing efficient financial services to its customers in the state.

Other Major Gold Loan Providers

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