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    SBI Gold Loan

    SBI Gold Loan Key Features – Apply Online

    SBI Gold Loan Interest Rate
    7% per annum – Updated Jul 26 2021
    SBI Gold Loan Per Gram Rate SBI Gold Loan Rate Per Gram Today is ₹ 3,506 to ₹ 4,621
    SBI Gold Loan Age of Borrower 18 – 75 years
    SBI Gold Loan Maximum Loan Amount Up to 1 crore
    SBI Gold Loan Maximum Loan to Gold Value Ratio Up to 75%*
    The purity of Eligible gold 18 carat to 22-carat gold
    SBI Gold Loan Tenure Up to 36 months

    * As per RBI guidelines, LTV (Loan to Value) ratio for Gold Loan is 75%.

    SBI issues a Gold Loan per gram rate of ₹ 3,506 to ₹ 4,621 in line with the current gold rate. The best SBI Gold loan Rate per gram is ₹ 3,506 to ₹ 4,621 for 22 Carat gold, measured at a maximum 85% loan to value and the average gold price for the last one month for 22-carat is ₹ 4,469.


    gold loan

    Introduction to SBI Gold Loan

    The SBI Bank Gold Loan is the most common gold loan for the borrowers since it has the lowest interest rate starting at 7% per annum per annum. The interest rate on the basic Term gold loans at the State Bank of India is higher than the rate on agricultural loans. SBI’s gold loan rate per gram today ranges from ₹ 3,506 to ₹ 4,621.

    • SBI provides gold loans with easy paperwork, fast processing, and no secret fees.
    • You will get gold loans with a 30-month repayment period.
    • SBI offers a special agricultural gold loan program for applicants who are involved in farming and need money to cover their expenses. SBI’s agricultural gold loan interest rate is smaller than its standard gold loan rate.


    gold loan

    SBI Gold Loan Explanation

    SBI gold loan can be availed to meet an urgent need for cash by pledging one’s gold ornaments or gold coins as collateral. A Gold loan is one of the quickest and easiest ways of borrowing money and can be availed by any existing customer of the SBI as well as new borrowers. With SBI, you will not only be able to avail the gold loan easily but it will also be at a competitive interest rate.


    gold loan


    SBI Gold Loan Comparison with Other Banks

    Particulars SBI ICICI Bank HDFC Bank
    Interest Rate 7.00% – 7.50% 7.0% per annum 9.90% – 17.55%
    Processing Fees 0.50% of the loan amount, minimum Rs. 500 Up to 1% of the loan amount, minimum Rs. 750 1.50% of the loan amount
    Loan Tenure 3 months to 36 months 3 months to 10 years 3 months to 24 months
    Loan Amount ₹ 20,000 to ₹ 20 Lakh ₹ 10,000 to ₹ 1 crore ₹ 25,000 to ₹ 50 Lakh
    Foreclosure Charges Nil Up to 1% of the outstanding amount Nil after 3 months
    Repayment Options Y Y Y
    Lowest EMI Per Lakh ₹ 3,111 per lakh ₹ 8,792 per lakh ₹ 4,610 per lakh


    gold loan

    SBI Gold Loan Details

    SBI Gold Loan Schemes Loan Tenure
    Gold Loan 36 months
    Liquid Gold Loan 36 months
    Bullet Repayment Gold Loan 12 months
    • The aim of a gold loan is to cover personal and company expenses.
    • Collateral: You will get a loan by pledging your gold jewelry as collateral.
    • Gold jewelry weighing up to 50 grams with a purity of 18 to 22 carats is accepted.
    • SBI provides jewel loans to everyone above the age of 18, including salaried and self-employed workers, traders, teachers, pensioners, and housewives.


    gold loan

    Features of SBI Gold Loan

    • The interest rate on an SBI gold loan starts at 7% per annum per annum.
    • SBI charges 0.50 percent of the loan volume as payment costs, for a minimum of Rs. 500.
    • a loan The term of a gold loan will vary from 3 to 36 months.
    • SBI offers the lowest EMI per lakh on a gold loan with the lowest gold loan interest rate of 7% per annum percent and the longest loan term of 36 months.
    • Prepayment of jewel loans by SBI is free of charge.

    Only simple KYC documents for address verification and proof of income are needed. For accepting a gold loan, the bank does not ask you to apply for proof of income or review your CIBIL ratings. SBI Bullet Repayment Scheme is one of the most common gold loan schemes in the country.


    gold loan

    Benefits of SBI Gold loan 

    The country’s largest public-sector lender, State Bank of India announced a list of festive offers for its gold loan borrowers. The bank is now offering a 100% waiver on processing fees for all gold loan customers who are applying through its digital platform YONO. Further, the gold loan customers will now have flexible repayment options for up to the lowest interest of 7% per annum.

    • Gold has the lowest interest rates and refining costs, as well as the highest interest rates.
    • There is also little evidence.
    • Charges of debt foreclosure are waived.
    • Repayment terms are flexible, and the LTV ratio is high.
    • Loan redemption schemes come in a variety of shapes and sizes.


    gold loan

    Tips To Get Gold Loan From SBI Fast

    • SBI accepts both hallmarked and non-hallmarked jewelry in exchange for money. However, you can get the highest gold loan per gram for any hallmark jewelry, because it reduces the chances of under-valuation by the valuer.
    • SBI can adjust the price of 22-carat gold for the purity of gold. Therefore, one should also try to borrow against jewelry of higher purity because it fetches the highest amount for a gold loan.
    • SBI will calculate the net weight of the jewelry to calculate the amount of loan against the gold you can get. You can always try to choose jewelry that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the jewelry. But SBI will rely on the report of its gold valuer to calculate the net weight. Higher the weight of gems and stones in jewelry, lower the net weight and value of jewelry which results in a lower amount of jewel loan you can are eligible to get.


    gold loan

    SBI Gold Loan Eligibility Criteria

    Minimum and Maximum Age
    21 Yrs – 60 Yrs
    Note: However, many banks require a minimum age of 23 years
    Loan Amount
    Up to ₹ 2 Cr. Some banks restrict maximum eligibility to ₹ 20 Lakh
    Interest rates are lower for a higher loan amount
    Employment Type
    Salaried and self-employed both are eligible
    Businessmen are increasingly taking gold loans to meet their working capital requirements.
    In fact, housewives, senior citizens who are not eligible for other loans because they have no income proofs can easily avail of gold loans.
    Quality of Gold
    Gold ornaments should range in between 18 to 24 Carats
    An average gold price of 22-carat gold for the preceding 30 days is adjusted down for purity. So, the price of 20 Carat jewellery can be estimated by multiplying the price of 22 Carat jewellery by a factor of 20/22
    CIBIL Score
    Banks do not check CIBIL score for granting a gold loan
    However, your repayment track record for a gold loan is counted towards your CIBIL score and hence, can be instrumental in building your CIBIL score
    Gold ornaments that can be used for availing loan
    Gold bars and coins
    Gold with 18-24 carat purity
    Employment track record and income proofs
    Banks do not check your job stability or business stability to sanction you a gold loan. Gold loans are granted without income proofs. You only need to submit your basic KYC documents such as address proof, identity proof, and an Aadhaar card to avail of this loan.

    Advantages Of SBI Gold Loan

    sbi gold loan

    1. You can avail of a Loan of up to Rs.1 Crore or more & up to 75% of value for any purpose.
    2. You get 100% Safety & Security from your Gold Jewelry.
    3. Get your Loan processed in less than 30 minutes.
    4. Enjoy Anytime Liquidity.
    5. Simple documentation and fast processing.
    6. SBI charges the borrower up to 1.50% of the outstanding principal loan amount of a Gold Loan.


    gold loan

    How Much Can I Get Through SBI Gold Loan?

    As per the most advanced gold prices, SBI offers a gold loan per gram today of ₹ 3,506 to ₹ 4,621. The highest gold loan rate per gram now is ₹ 3,506 to ₹ 4,621 for 22-carat jewelry calculated at a maximum LTV of 75% and the average gold loan rates of the last 30 days in 2021 are ₹ 3,506 to ₹ 4,621 for 22 carats.


    gold loan

    SBI Gold Loan Rate Per Gram – Jul 26 2021

    Updated - Gold Loan Per Gram Rate w.e.f Jul 26 2021

    Gold Weight Gold Purity
    24 Carat
    Gold Purity
    22 Carat
    Gold Purity
    20 Carat
    Gold Purity
    18 Carat
    1 gram 4621 4290 3900 3510
    10 gram 46210 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


    About SBI Gold Loan

    State Bank of India (SBI) was founded in 1955 with its headquarters in Mumbai, Maharashtra. It has 15,500 branches all over the World. It provides many banking products and financial services according to the needs of the customer. There are various loan schemes from which borrowers can raise funds, but for instant finance, Gold Loan is the best option.

    There are so many banking and non-banking financial organizations that provide a gold loan, but the gold loan with SBI is the best. You can use this amount of gold to fulfill any of your personal needs. It can be used for educational purposes or to boost up your business. Besides that, it can be used to pay your medical bills or for wedding purposes too. Thus, the Bank doesn’t put any restriction on the use of the amount of the Loan.


    gold loan

    Gold Loan Schemes of SBI:

    SBI offers several gold loan products to meet your various product requirements. These include loans with different repayment options.

    • Gold Loan with Bullet Repayment 
      • The customers can pay the entire principal amount at the end of the tenure, this payment scheme is called Bullet Repayment option.
      • The advantage of opting for this option is you pay lesser monthly EMI (consisting of only interest component) during the life of the loan, reducing the load significantly.
      • This repayment option is more prevalent for gold loans of short tenures.
    • Gold Loan for Agriculture
      • SBI offers this scheme for farmers wherein, the loan is offered to them against gold ornaments in order to meet farming expenses.
      •  The end use of the gold loan must be mentioned by the borrower. And while applying, proof of farming activity and ownership of agricultural land is compulsory.
      • The current rates for SBI Gold Loan for Agriculture are in the range of 7 – 9.00%.


    gold loan

    SBI Gold Loan Documents Required

    The documents should be mainly from the following options.

    Identity Proof Aadhar Card/Pan Card/ Passport/ Voter ID
    Residence Proof Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card.
    Agriculture Proof ( only if applicable) Agriculture Land Ownership Proof
    Photographs 2 Passport sized colored


    gold loan

    SBI Gold Loan Interest Rate Jul 26 2021

    A Gold Loan can meet all your initial short-term and long-term financial obligations. The rate of interest that you will be filled with depends on the whole loan sum, as well as the quality/purity of the gold you are to have as collateral with the bank. Gold Loan interest rates allowed by the bank are more moderate compared to other loans because it is a completely secured loan. The current SBI Gold Loan Rate is 7% per annum

    Other Fees and Charges for SBI Gold Loan

    Updated SBI Gold Loan Interest Rate Jul 26 2021
    Interest Rate 7% per annum onwards
    Processing Fee 0.5% of the loan amount
    Loan Tenure 3 months to 36 months
    Prepayment Charges 1% of the outstanding principal amount

    Gold Loan: Anyone with a steady source of income can avail of a gold loan by pledging his gold ornaments.


    gold loan

    Types of State Bank of India Gold Loan

    Multi-Purpose gold loan: Mainly for agriculture purposes, the multi-purpose loan comes into handy to repay various kinds of debts.

    State Bank of India Gold Loan Apply Online

    Online  Process: Through the Online process, the applicant gets the opportunity to avail of the service of the gold loan at the comfort of their home. Just follow the following steps:

    1. Visit Dialabank
    2. Fill an application form with all required fields.
    3. Our Relationship Manager will call you back to assist you through the entire process.
    4. You will have to submit documents to the bank.
    5. Your Loan will be approved in just some minutes.

    Apart from the above process, you can directly call us at 9878981144.


    gold loan


    SBI 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

    How To Pay State Bank Of India Gold Loan EMI?

    Your SBI gold advance can be reimbursed in the following three different ways.

    1. Standing Instruction (SI): If you are a current record holder with SBI, Standing Instruction is the best method of repayment. Your EMI sum will be charged automatically toward the finish of the month to month cycle from the SBI account you indicate.
    2. Electronic Clearing Service (ECS): This mode can be utilized if you have a non-SBI account and might want your EMIs to be charged consequently toward the finish of the month to month cycle from this record.
    3. Post-Dated Checks (PDC): You can submit post-dated EMI checks from a non-SBI account at your closest SBI Loan Center. A new arrangement of PDCs should be submitted promptly. It would be ideal if you note Post Dated Checks will be gathered in non-ECS areas as it were.


    gold loan

    Compare Gold Loan Rate Per Gram and Lowest EMI of All Major banks

    Bank Interest Rate Lowest EMI Per Lakh
    Eligible Loan Amount For Max Tenure
    SBI Gold Loan 7.50% Rs. 3,111
    Rs. 20 Lakh for 36 months
    Muthoot Gold Loan 11.99% Rs. 3,321
    Rs. 50 Lakh for 36 months
    Manappuram Gold Loan 12.00% Rs. 8,885
    Rs. 1 Cr for 12 months
    HDFC Bank Gold Loan 9.90% Rs. 4,591
    Rs. 50 Lakh for 24 months
    Yes Bank Gold Loan 9.99% Rs. 3,226
    Rs. 50 Lakh for 36 months
    ICICI Bank Gold Loan 10.00% Rs. 8,792
    Rs. 15 Lakh for 12 months
    Federal Bank Gold Loan 8.50% Rs. 8,722
    Rs. 75 Lakh for 12 months
    Canara Bank Gold Loan 7.65% Rs. 8,683
    Rs. 10 Lakh for 12 months
    Andhra Bank Gold Loan 10.70% Rs. 8,824
    Rs. 2 Cr for 12 months
    Axis Bank Gold Loan 13.00% Rs. 4,754
    Rs. 20 Lakh for 24 months
    IndusInd Bank Gold Loan 10.00% Rs. 8,792
    Rs. 10 Lakh for 12 months
    PNB Gold Loan 8.75% Rs. 8,734
    Rs. 10 Lakh for 12 months
    Fincare Small Finance Bank Gold Loan 12.99% Rs. 11,721
    Rs. 40 Lakh for 9 Months

    SBI Gold Loan Contact Number

    In case of any assistance required please contact on the number 9878981144.

    gold loan


    Gold Ornaments Accepted By SBI

    Gold jewelry such as Gold Bangles, Gold rings, Gold anklets, and Gold necklaces, all of these are accepted for availing a Gold Loan.

    Quality: The quality of gold should lie between 18 Carat to 22 Carat. Aby gold ornament which is 24 Carat cannot be used for availing a gold loan.

    The current Jewel Loan Interest Rate is 7% per annum per annum. 


    gold loan


    Uses Of State Bank of India Gold Loan

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

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

      gold loan


    SBI Agricultural Jewel Loan Scheme

    Scheme SBI Agricultural Jewel Loan Scheme
    Interest Rate  Starting at 7% per annum p.a.
    Least amount of Loan Depends on the value of the jewel
    Loan period Adjustment of advance sum inside 2 months from the date of reap of yields


    gold loan

    Benefits of SBI Agricultural Jewel Loan Scheme

    • For 0.30% of the loan amount, a Minimum of ₹ 300 is charged ranging from more than ₹25,000 – less than ₹ 5 lakh
    • 0.28% of the credit sum, subject to at least Rs.1,500 applicable on more than Rs.5 lakh and less than Rs.1 crore


    gold loan

    SBI Gold Loan Overdraft Scheme

    • SBI overdraft is usually issued on a temporary cash basis.
    • Up to 90% of Value.
    • The service is available to all users of SBI Internet Banking.


    gold loan

    SBI Gold Loan Highlights

    Age 18 – 75 years
    Minimum Loan Amount Rs. 10,000
    Maximum Loan Amount Up to Rs. 1 Crore
    SBI Gold Loan Interest Rate 7.50% p.a. onwards
    Loan Tenure From 3 months to 36 months.
    Gold Items accepted Jewelry and gold coins sold by banks
    SBI Gold Loan Processing Charges 0.85% of the loan amount


    gold loan

    What type of gold loan be used to secure a gold loan?

    Failure to investigate the creditor’s credibility: A gold loan is a guaranteed loan, which means it is backed up by something (gold in this case). The borrower or trustee keeps this collateral until the debt is fully paid off. If a borrower defaults, the creditor can use the collateral to reclaim any or all of the money the borrower originally owed. This is a great way to give a creditor immunity, but what about the borrower? What if the borrower proves to be a con artist? Not weighing the alternatives: All deserves the best gold loan deal possible.

    There is no set formula for obtaining one since it is dependent on the needs of the borrowers. However, before signing on the dotted line, make sure you compare all of your options. It’s possible that the first bid you get isn’t the best one for you. As a result, learn as best as you can about industry dynamics, speak with various banks and financial firms to learn about their offerings, and then narrow down your choices to a few viable alternatives. Look for a borrower who will sell you a loan with a lower interest rate or a higher loan to value (LTV) ratio while weighing your options.


    gold loan


    How Does SBI Gold Loan Work, Here’s An Example

    The suitability of the gold loan is determined based on the purity of gold, LTV, and its weight. Suppose Mr. A and his two friends Mr. B and Mr. C have different gold values ​​for different purity. Mr. A has 50 grams of gold per 22-carat purity. Mr. B has 60 grams of gold in 20 carats of purity and Mr. C has 70 grams of gold in purity or 22 carats.

    They approached the SBI to get a gold loan. The price used to calculate the suitability of their gold loan according to the high 85% LTV will vary with the purity of the gold and therefore, will lead to the validity of the gold loan.

    How to apply for SBI Gold Loan

    Online:

    Applying for the SBI Gold Loan service is a trouble-free and simple process that can be done from the comfort of your home. You can do this entire process online by visiting the official website of the bank and submitting a form with mandatory information regarding yourself and the Gold Loan. But then, you will then need to visit your nearest branch with the required documents and your gold.

    You can also apply for Gold Loan with Dialabank by following the steps given below: 

    • Visit Dialabank’s online platform, where you will have to simply fill a form, without any registration.
    • Then our Relationship Manager will get in touch with you and guide you throughout the Gold Loan process and fulfill your financial needs.
    • You will get personalized service, giving you the option of comparing all the available deals and suggesting you the best deal according to your needs without any extra charges.
    • Using Dialabank, you can check and compare the different offers & schemes from various banks based on the Rate of interest charged and funding provided for choosing the best loan deal for yourself.

    Offline:

    • Visit any nearby branch of SBI with your pledged gold.
    • The Branch staff will assess your gold.
    • The Gold Loan amount will be sanctioned based on the evaluation and purity of gold ornaments.

    Applying through Dialabank website?

    If you need funds for a medical emergency, a down payment on a home, furniture purchases, or a family holiday, a personal loan is one of the choices available to you. A personal loan is an unsecured loan that can be used for all but speculative purposes. These loans can be used everywhere.


    gold loan




    FAQs About SBI Gold Loan

    What is the SBI Gold Loan?

    SBI Gold Loan is a secured loaning scheme that uses pledged gold as collateral security. Gold Loan from SBI can be used for any personal purpose and need. You can fill an inquiry form at Dialabank’s digital platform and access all the loan details from our relationship manager.

    How Can I Get Gold Loan From SBI?

    You can easily get a Gold Loan from SBI by pledging your gold. The loan amount is dependent on the purity of your gold and the rate of interest at 7.50% per annum. You will need to visit the bank branch with basic KYC documents and your gold. Alternatively, you can apply online with Dialabank and avail of personalized assistance from the comfort of your home.

    How much Gold Loan Can I get per gram from SBI?

    You can avail of a gold loan of Rs ₹ 3,506 to ₹ 4,621 per gram from SBI, depending on the quality of your gold.

    How Does SBI Gold Loan work?

    The SBI Gold Loan is provided by the Banks /NBFC provides you with funds against your gold ornament. The amount depends upon the gold weight.

     What is the SBI Gold Loan interest rate?

    The SBI gold loan interest rate is 7% per annum per annum.

    How to check gold loan status in SBI?

    To check your SBI Gold Loan status online just visit the SBI’s online portal and fill in the form your Gold Loan application details

    How to calculate gold loan interest in SBI?

    The gold loan interest rate in SBI can be calculated by simply subtracting the principal amount from the total amount to be paid.

    What is the maximum gold loan amount I can avail myself of on a gold loan from SBI?

    You can avail a maximum of up to 75% of the gold jewelry’s market value on a gold loan from SBI.

    What is the loan tenure of the SBI gold loan?

    The loan tenure of your SBI gold loan is up to 36 months. You will be required to renew your loan after 1-year completion tenure.

    How much processing fee is applicable on the SBI Gold loan?

    A processing fee of up to 0.5% of the loan amount applies to the SBI gold loan.

    What are the charges for pre-payment in the SBI gold loan?

    Pre-payment charges up to 1% of the outstanding loan amount is charged by SBI.

    How to renew SBI Gold Loan online?

    You can renew your SBI Gold loan online by simply logging into your SBI app account with the credentials and renew your gold loan under the Gold Loan section by entering the loan account details.

    How to pay SBI Gold loan interest online?

    You can pay the SBI Gold loan interest online using online payment options like net banking, debit cards, or through the i-mobile app.

    What if I can’t pay the interest on the SBI Gold loan for 3 months?

    If you do not pay your SBI loan amount for 3 months then the bank will warn you against further default. In case the defaults continue, the gold ornaments kept as a security with the bank might be sold.

    How can I apply for an EMI moratorium on an SBI Gold loan?

    You can apply for an SBI Gold loan moratorium online by logging in with your ID and password or can also visit the bank personally.

    How to pay an SBI Gold loan through a credit card?

    SBI Gold loan cannot be repaid through credit cards as per RBI Guidelines.

    ✅ What is the SBI Gold Loan customer care number?

    For contacting the SBI Gold loan customer care just dial 9878981144.

    ✅ What is the SBI Gold Loan closure procedure?

    • Just go to the bank with the documents.
    • Write a letter for pre-closure of the SBI Gold loan account.
    • Pay the pre-closure charges as per the State Bank of India Gold Loan.

    ✅ What is the SBI Gold Loan preclosure charge?

    Up to 2% preclosure charge before 3 months, after that 1.50%.

    ✅ What is the SBI Gold Loan overdraft scheme?

    • SBI overdraft is usually issued on a temporary cash basis.
    • Up to 90% of Value.
    • The service is available to all users of SBI Internet Banking.

    ✅ What is the SBI Gold Loan maximum tenure?

    The maximum tenure of the SBI Gold loan is 36 months.

    ✅ What is the SBI gold loan minimum tenure?

    The SBI Gold loan minimum tenure is 3 months

    What is the SBI gold loan per gram rate?

    SBI Gold Loan Rate Per Gram today is ₹ ₹ 3,506 to ₹ 4,621

    ✅ What is the current SBI Gold Loan Rate?

    The SBI Gold Loan Rate today is 7% per annum

    ✅ What are the foreclosure charges of the SBI Gold Loan?

    SBI charges a borrower up to .50% on the principal amount in case of a Gold Loan Foreclosure.


    SBI Gold Loan News

    SBI offered customers to apply for Gold Loan via call or SMS

    Now customers can apply for the gold loan from SBI by texting SMS GOLD at 7208933145 or give a missed call on 7208933143, and the bank will then respond with a callback. A minimum loan amount of Rs 20,000 and a maximum of up to Rs 50 lakh is sanctioned by the bank.

    SBI recasts only 4,000 retail loans

    Under the limited window of the RBI, SBI has recast the loans of around a number of 4,000 retail registered customers so far, which clearly indicates that barring micro, small and medium businesses, not many are availing of easier repayment norms. Around 1,00,000 retail registered customers logged into SBI Official website to check the eligibility but not many found to have met the stringent conditions set by the bank claimed the SBI.

    SBI shelves plan to hive off Yono app

    Owing to the drive of privatization initiated by the Central Government authorities, the State Bank of India has decided on shelving plans to hive off the Yono application. Yono would now cater to the lenders of the competing banking institution and provide them with core banking services and leveraging their banking needs and benefits.

    SBI will unlock value from general insurance and mutual fund biz: Dinesh Kumar Khara

    Dinesh Kumar Khara, Chairman, SBI, tells Nikunj Dalmia of ET NOW that the bank is controlling the cost whichever way it can and the overheads are almost flat. The only way forward is to augment revenue streams.

    SBI home-loan rates now start at 6.8%

    State Bank of India (SBI) has cut the minimum interest rate at which it will offer home loans up to ₹30 lakh to 6.80 percent from 6.90 percent. Further, for home loans above ₹30 lakh, the minimum interest rate has been pared to 6.95 percent from 7 percent.

    Renovated branch of SBI at Connaught Circus inaugurated

    The renovated branch of SBI at P-Block, Connaught Circus, New Delhi was inaugurated by Chairman SBI Dinesh Khara. Chief General Manager of SBI New Delhi Circle Vijuy Ronjan along with other senior officials and esteemed customers of the branch were also present on the occasion.

    It provides retail banking solutions to individuals in the form of deposit accounts and retail lending in form of a Car Loan, Housing Loan, Gold Loan, and Personal Loan.

    SBI Gold Loan: Want a loan for agriculture purposes? Get it now!

    SBI Agriculture Gold Loan: India’s largest state lender, the State Bank of India (SBI) is offering Gold loans exclusively for agricultural purposes. If you are engaged in agricultural activity and require a quick loan, here is a golden opportunity for you to get one.

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