State Bank of Indore Gold Loan Key Features – Apply Now
| State Bank of Indore Gold Loan Interest Rate | Starting 7.25% per annum |
| State Bank of Indore Gold Loan Rate Per Gram | Rate Per Gram Today is ₹ 3,800 to ₹ 4,350 |
| State Bank of Indore Gold Requirement | Minimum 18 Carat |
| State Bank of Indore Gold Loan Processing Fee | 1% of the Principal Loan Amount |
| State Bank of Indore Minimum Loan Amount | 90% LTV on Your Gold Market Price |
| State Bank of Indore Maximum Loan Amount | Up to Rs. 75 lakh |
| State Bank of Indore Prepayment Charges | 1%+GST on the loan amount |
| State Bank of Indore Repayment Tenure | 6 Months to 36 Months |
| State Bank of Indore Gold Loan Schemes | Bullet Payment Scheme, EMI Scheme |
About State Bank of Indore Gold Loan
State Bank of Indore offers Gold Loan to meet the financial needs of customers who need immediate cash or if in the event of a financial emergency. Basically, to cater to lenders from middle and low-income groups, the Gold loan offers quick credit for many purposes. We offer an effective solution to meet short-term financial situations.
Funds from State Bank of Indore Gold loans can be used for multiple purposes. With minimal documentation and secure storage, a gold loan is an easy way to finance to meet your needs. State Bank of Indore Gold Loan has certain advantages such as faster processing time, lower interest rates, intermediate time, etc. The financial service provider assists you in meeting an urgent need for money when you are experiencing financial difficulties.
- State Bank of Indore Gold Loan Interest Rate is 7.25% per annum
- State Bank of Indore Gold Loan Per Gram Rate is ₹ 3,800 to ₹ 4,350.
- State Bank of Indore Gold Loan Tenure is from a minimum of 6 months to 36 months
- State Bank of Indore Gold Loan Processing Fee is Up to 1% + GST of the Loan Amount
How Much Gold Loan Can I Get Through State Bank of Indore
Based on the latest gold prices, TATA Capital offers a loan of ₹ 3,800 to ₹ 4,350 grams of gold. Bank of Indore Gold Loan Rate by Gram Today is ₹ 3,800 to ₹ 4,350 with 22-carat dresses cut on the largest 90% LTV and the average cost of a gold loan in the last 30 days in 2021 is ₹ 3,800 to ₹ 4,350 of 22 carats.
State Bank of Indore Gold Loan Per Gram
Updated – Gold Loan Per Gram Rate w.e.f 1st Jan 2021 |
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| Gold Weight | Gold Purity 24 Carat |
Gold Purity 22 Carat |
Gold Purity 20 Carat |
Gold Purity 18 Carat |
| 1 gram | 4680 | 4290 | 3900 | 3510 |
| 10 gram | 46800 | 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 |
Why Choose State Bank of Indore Gold Loan?
- The financial service provider is very committed to its customers.
- The maximum loan amount is from a minimum of thousands to 1 crore.
- Fast processing.
- Bad credit history / CIBIL school, not a problem.
- Fast processing and extraction.
- Very low-interest rate.
- Small documents are required.
- Flexible payment option.
Advantages of State Bank of Indore Gold Loan
- Multipurpose – State Bank of Indore Gold Loans can be used for any legal purpose, from education to housing or business.
- Immediate approval – You can get a State Bank of Indore Gold Loan without any problems, with small paperwork and a proper eligibility process.
- High Price – Borrowers can get Gold loans for different categories, depending on their needs and background.
- Competitive Interest – State Bank of Indore Gold Loans comes with a competitive interest rate on Term Loan, Overdraft, and EMI-based loans and making light paid out of pocket. Pay off your gold loan at a lower EMI, in addition to your choice.
- Prepayments – Borrowers can choose to repay the State Bank of Indore Gold loan without having to worry about prepaid rates.
- Security Guarantee – Any gold donated to the State Bank of Indore as collateral is stored safely in a closet so that you don’t have to worry about the safety or security of your gold.
- Fast and Effective Service – In addition to the 50-minute overtime payment with small transcripts
- Complete transparency – Gold loan rates and other costs are carried forward in writing, as well as a quotation, so you don’t have to worry about any hidden costs or fees.
- Foreclosure Charges – Up to 0.50% of the principal amount is foreclosure charges.
State Bank of Indore Gold Loan Eligibility
It is a financial product that takes care of your short-term or long-term financial needs. State Bank of Indore offers you a loan amount within one hour of applying to keep in mind your urgency in terms of financial need.
Basic Eligibility Criteria for availing of State Bank of Indore Gold Loan is:
| Age Criteria | 18 to 75 years |
| Gold Requirements | Gold Ornaments (18-22 carats) |
| CIBIL Score | Above 500 |
| Nationality | Indian |
Documents Required for State Bank of Indore Gold Loan
A Gold Loan is a financial product offered to borrowers by the State Bank of Indore where funds are provided to meet the financial needs of the applicant. The applicant’s gold ornaments are held as collateral by the financial service provider for funding. The whole process of the State Bank of Indore Gold Loan is problematic and easy to find in small documents. The financial service provider guarantees the maximum security of your gold jewellery until the loan closes.
Following are the documents:
| Identity Proof | Aadhaar Card/ Passport/ Voter ID (Anyone) |
| Residence Proof | Aadhaar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card (Anyone) |
| Agriculture Proof ( if applicable) | Agriculture Land Ownership Proof |
| Photographs | 2 Passport sized (Colored) |
State Bank of Indore Gold Loan at Home
Gold Loan at Home is a doorstep loan service that allows you to borrow money without leaving your home. The service is quick, flexible, and cost-effective, with low-interest rates. Before submitting a loan request, you may use the gold loan calculator to determine the worth of your gold or the loan amount. Getting a Gold Loan at home is a simple and quick process that takes only a few minutes.
One of our employees will contact you and visit your home within 30 minutes. The necessary gold loan amount will be delivered immediately to your bank account after all e-documentation and gold identification are completed at your home.
The benefits of getting a gold loan at your doorsteps are:
- Access To Your Loan Account 24 X 7
- Diverse Range of Gold Loan Schemes
- You can get free insurance for your Gold
- There are no hidden fees.
- You will get the maximum value of your Gold
- You can avail your Gold Loan in just 1 visit
- Service at Your Door in 30 Minutes
- Pre & Part Payment Facility
- Your Gold will just be released the same day.
State Bank of Indore Gold Loan Interest Rate, Fees, and Charges
A Jewel Loan can fulfil all your urgent short-term and long-term monetary requirements. The rate of interest that you will be charged depends on the total loan amount as well as the quality/purity of the gold you are to keep as security with the financial service provider. Gold Loan interest rates offered by the State Bank of Indore are fully secure and can help meet all your short-term and long-term emergency needs. The Gold Loan interest rates offered by the State Bank of Indore are low compared to other loans because it is a fully secured loan.
| Gold Loan Interest Rate | 7.25% per annum |
| Pre-payment Charges | 1% of the outstanding amount |
| Processing Fee | up to 1% |
State Bank of Indore Gold Loan Apply Online
Applying for a State Bank of Indore Jewel Loan service is a simple and convenient process. You can do this online by visiting the official website of the financial service provider and submitting the form with the required information about you and the Gold Loan you wish to receive. You will need to visit the branch with the required documents and your gold.
You can apply with a Dialafinancial service provider by following the steps below to get a Gold Loan according to your need.
- Visit Dialafinancial service provider’s digital platform, where you will be able to complete the form without registration.
- Our Relationship Manager will contact and assist you throughout the Gold Loan process and guide you in meeting your financial needs.
- You will find a customized service, giving you the opportunity to compare and take the best deal depending on your needs at no additional cost.
- With a Dialafinancial service provider, you can compare different offers and programs from different financial service providers based on the loans offered and the interest rate charged by choosing the best loan agreement.
How to Pay Your State Bank of Indore Gold Loan EMI?
Your development of the State Bank of Indore Gold Loan can be restored in three different ways.
- Standing Instruction (SI): If you are the current owner of a record with the State Bank of India, Stand Instruction is the best payment method. Your EMI amount will be charged automatically at the end of each monthly cycle from the State Bank of India account your display.
- Electronic Clearing Service (ECS): This method can be used if you have a non-State Bank of India Account and you may require your EMI to be charged as a result until the end of the monthly cycle from this record.
- Post-Dated Checks (PDC): You can submit expired EMI checks from a non-State Bank of India account to the nearest State Bank of India Loan branch. The new PDC layout must be installed on time. It would be good to note that Post-Dated Checks will be collected at non-ECS locations.
Gold Ornaments Accepted by State Bank of Indore
Any Gold ornaments maybe bangles, anklets, bracelets, minted coins or for that matter, gold bars can be pledged for availing loan against.
Uses of State Bank of Indore Gold Loan
Proceeds from the acquisition of the State Bank of Indore Gold Loan service can be used for many purposes such as:
- Funding any personal expenses such as marriage, travel, higher tuition fees, etc.
- For all the needs of your business, such as buying raw materials, expanding the business, etc.
- You can also get a Gold Loan for agricultural purposes. The financial service provider offers low-interest rates on Gold Loans for agricultural or joint ventures.
State Bank of Indore Agricultural Jewel Loan Scheme
| Scheme | State Bank of Indore Agricultural Jewel Loan Scheme |
| Interest Rate | Starting from 7.25% per annum (depends on the sum of the loan) |
| Least amount of Loan | Depends on the value of the jewel which is being kept as security |
| Loan period | Adjustment of advance sum inside 2 months from the date of reap of yields |
Benefits of State Bank of Indore Agricultural Jewel Loan Scheme
- No processing fee up to ₹ 25,000.
- 0.30% of the loan amount, Minimum payment of ₹ 300 applies to amounts ranging from ₹ 25,000 – less than l 5 lakh.
- 0.28% of the total debt, subject to at least Rs.1500 applies to more than Rs.5 lakh yet less than Rs.1 crore.
State Bank of Indore Agriculture Gold Loan Interest Rate for Different Scheme
State Bank of Indore offers gold development for horticultural needs under two different categories of Bumper Agri Jewel Loan and other Agri Jewel Loan. The financial costs for the two classes are shown as follows:
| For Bumper Agri Jewel Loan | For Other Agri Jewel Loan Products |
| Fixed: 8.50% | starting from 11.50 % |
Please Note RBI has decided to increase the LTV ratio for Gold Loan from 75% to 90% till 31st March 2021
FAQs About Indian Bank Gold Loan
✅ What are the documents needed to apply for the State Bank of Indore Gold Loan?
The rundown of records that should be submitted to profit the advance is referenced underneath:
- Application form.
- Evidence of address, for example, Driving License, Aadhaar Card, Passport, Voter ID, and so on
- Evidence of personality, for example, Driving License, Aadhaar Card, Passport, PAN Card, Voter ID, and so on
- Agribusiness land evidence in the candidate’s name.
- Evidence that harvest will be developed.
✅ Who can Apply for Gold Loan?
Since the loan is given to agriculture, every farmer is instantly eligible for a loan.
✅What are the primary highlights of the Agricultural Jewel Loan Scheme?
The fundamental highlights of the Agricultural Jewel Loan Scheme are referenced underneath:
- No undisclosed charges
- Gem appraiser and handling charges will be material
- The rate of interest is low
- The reimbursement plan is advantageous
- The advance cycle is simple and bothers free
✅ 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.
✅ How much Gold Loan per gram can I get from the State Bank of Indore?
You can avail of a Gold Loan of ₹ 3,800 to ₹ 4,350 per gram from the State Bank of Indore, depending on the quality of your gold.
✅ What is the Gold Loan Interest Rate in the State Bank of Indore?
The rate of interest in the State Bank of Indore for Gold Loan starts at 7.25% 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
✅ What is the maximum gold loan amount I can avail of on the State Bank of India Gold Loan?
You can avail of a maximum of up to 90% of the gold jewellery’s value from the State Bank of Indore.
✅ What is the loan tenure of the State Bank of Indore Gold Loan?
The maximum tenure of your State Bank of Indore gold loan is up to 36 months.
✅ How much processing fee is applicable on the State Bank of Indore Gold Loan?
State Bank of Indore charges almost a negligible Processing Fee.
✅ How to renew the State Bank of Indore Gold Loan online?
You can renew your State Bank of Indore Gold loan Interest rates online by simply logging into your i-mobile app account and renew your gold loan under the Gold Loan section by entering the loan account details.
✅ How to pay State Bank of Indore Interest online?
To repay the State Bank of Indore Gold loan interest online you can use the payment options available on the bank’s website or can make your loan payments through net banking, debit cards, or through the i-mobile app.
✅ What if I can’t pay interest on the State Bank of Indore Gold Loan for 3 months?
If you fail to repay the State Bank of Indore Gold Loan then you will be warned of any further defaults.
✅ How can I apply for the EMI Moratorium on State Bank of Indore Gold Loan?
You can apply for the State Bank of Indore moratorium online or even by visiting the bank personally.
✅ How to pay State Bank of Indore Gold loan through a credit card?
Paying State Bank of Indore Bank gold loan through credit card is not allowed.
✅ How much Gold Loan can I get per gram in the State Bank of Indore?
The rate of per gram gold loan depends on the quality of your gold and the price of gold in the market. State Bank of Indore provides 75-90% funding on the market price of the gold.
✅ How to pay the State Bank of Indore Gold Loan online?
You can pay for your Gold Loan from the State Bank of Indore in easy monthly instalments or through post-dated cheques.
✅ How to apply for Gold Loan in the State Bank of Indore?
Apply for Gold Loan with the State Bank of Indore by visiting the branch and enquiring about the same with your banker. You can also apply online with Dialabank and get the offers and deals as per your needs.
✅ How to renew the State Bank of Indore Gold Loan online?
To renew your Gold Loan, you will be required to visit the loan branch with your loan documents and apply for a renewal. A renewal fee may be charged, and after revaluation of your gold, your loan will be renewed.
✅ How to take Gold Loan from the State Bank of Indore?
You can take a Gold Loan from the State Bank of Indore by visiting the branch with your Gold, Aadhar Card, and PAN Card. You may also apply online with Dialabank and look out for different options offered by banks across India.
✅ How to get a State Bank of Indore Gold Loan?
You can get a quick Gold Loan from the State Bank of Indore by visiting the branch or through online inquiry at Dialabank’s digital platform.
✅ How to check State Bank of Indore Gold Loan status?
Check your Gold Loan status by calling the State Bank of Indore at their customer care number. You may also visit the branch in person and ask your banker for any updates.
✅ How to close State Bank of Indore Gold Loan?
You can close your State Bank of Indore Gold Loan once you have paid all your pending dues. The bank after documentation will close your loan and return to you the gold that was pledged.
✅How to renew the State Bank of Indore Gold Loan?
If you desire to renew your Gold Loan with the State Bank of Indore, all you need to do is visit the branch with your documents and apply for a renewal. Your gold will be revalued, and new loan terms will be decided. After you pay a minimal renewal fee, your loan will be renewed for a new tenure.
✅ What happens if someone defaults State Bank of Indore Gold Loan?
When you default on your Gold Loan, the bank will at first remind you of your pending dues. Then a legal notice is issued at your given address. On continuous defaulting, the bank gets the legal rights to sell your pledged gold to recover the entire sum overdue.
✅ How many branches are there of the State Bank of Indore?
State Bank of Indore is an Indian state-owned financial services company.
✅ What is the Overdraft Scheme for the State Bank of Indore Gold Loan?
The State Bank of Indore Overdraft Scheme has a Credit/Loan Limit. Axis bank charges interest on the amount withdrawn/utilized.
✅ What is the State Bank of Indore Gold Loan closure procedure?
The Gold loan will automatically close after the payment is done in full.
✅ What is the State Bank of Indore customer care number?
9878981144 is the customer care number
✅ What is the State Bank of Indore Gold Loan Preclosure charges?
The Bank preclosure charges are 2%+GST (Within 3 Months), 0 (After 3 months)
✅ What is the maximum gold loan tenure?
The maximum gold loan tenure is 12 months.
✅ What is the State Bank of Indore Gold Loan Foreclosure charges?
Up to 0.50% of the principal amount is charged as Foreclosure charges.
✅ What is the minimum gold loan tenure?
The minimum gold loan tenure is 6 months.
