State Bank of Indore Gold Loan Documents Required

GOLD LOAN @ 0.57%*
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⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.57% p.m.

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    State Bank of Indore Gold Loan Documents Required

    Features of State Bank of Indore Gold Loan 

     

    State Bank of Indore Gold Loan Documents Required

            State Bank of Indore Gold Loan

    Customers who want quick cash or in the case of a financial emergency can apply for a Gold Loan from the State Bank of Indore. Essentially, the Gold loan provides rapid financing for a variety of objectives to lenders from medium and low-income groups. We provide a practical option for dealing with short-term financial problems.

    Here are some advantages of a Gold Loan from the state bank of Indore

    For anybody, the finest gold loan Provider is one that provides high-quality service in terms of client happiness as well as the following:

    • Compare rates from Benchmark RBI and current market pricing before applying for the best interest rate.
      Part-release facility, which allows you to take out some of your gold decorations as needed.
    • A large loan sum that can be used to satisfy short-term or long-term needs.
    • Emergency money must be released quickly.
    • In the worst-case scenario, such as the Covid era, it is available.
    • Provides the highest level of protection for your gold.
    • To gain permission, you’ll need the bare minimum of documentation.

    State Bank of Indore Gold Loan  Comparision with banks

    Bank / NBFC Rate Per Gram Interest Rate Gold Loan Tenure Min – Max Loan Amount
    ₹ 3,506 to ₹ 4,621 0.099 3 to 24 months ₹ 10 thousand to 5 crore
    ICICI Gold Loan ₹ 3,506 to ₹ 4,621 0.1 6 to 12 months ₹ 10 thousand to 5 crore
    ₹ 3,506 to ₹ 4,621 0.12 7 days to 36 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1225 12 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1025 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1 3 to 36 months ₹ 10 thousand to 5 crore
    SBI Gold Loan ₹ 3,506 to ₹ 4,621 0.0975 12 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.075 3 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 10 thousand to 5 crore
    IIFL Gold Loan ₹ 3,506 to ₹ 4,621 0.12 11 months ₹ 3 thousand to 50 lakh

    State Bank of Indore Gold Loan  EMI calculator

    Gold Loan Calculator 

    Calculate Your Loan EMI Here

    State Bank of Indore Gold Loan Documents Required

    At the time of application the following documents are required:

    • Proof of the citizenship of India
    • Duly filled application form
    • 2 passport-sized photographs
    • Applicant’s KYC documents to establish Identity and Address
    • Salary/ Income Proof
    • Witness Letter in case of illiterate borrowers
    • In the case of Agriculture Loan of more than Rs. 1 lac, land proof
    • Certificate by the Jewel Appraiser (Bank will arrange)

    At the time of disbursement the following documents are required:

    • Demand Promissory Note & Demand Promissory Note Take Delivery Letter
    • Gold Ornaments Take Delivery Letter
    • Arrangement Letter

    State Bank of Indore Gold Loan  Documents Required – FAQs

     Who can Apply for Gold Loan?

    Since the loan is given to agriculture, every farmer is instantly eligible for a loan.

     What is the State Bank of Indore Gold Loan?

    State Bank of Indore Gold Loans can be met to fulfil all personal as well as professional needs. Gold loans from India Bank can be availed at attractive interest rates.

    ✅ What is Gold Loan Interest Rate in State Bank of Indore?

    The rate of interest in the State Bank of Indore for Gold Loan starts at 7% per annum.

    ✅ How to check gold loan status in the State Bank of Indore?

    You can check your State Bank of Indore Gold Loan status online by visiting the Bank’s online portal and filling in the form your Gold Loan application details