State Bank of Patiala Gold Loan

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    State Bank of Patiala Gold Loan

    State Bank of Patiala Gold Loan Key Features – Apply Now

    State Bank of Patiala  Gold Loan Interest Rate 5.88% per annum
    State Bank of Patiala Gold Loan Per Gram Rate Rate Per Gram is ₹ 2,900 to ₹ 3,450
    State Bank of Patiala Gold Loan Processing Fee Up to 0.23%, Maximum ₹ 20,381.
    State Bank of Patiala Maximum Loan Amount Up to Rs. 75 Lakh
    State Bank of Patiala Minimum Loan Amount 70% LTV
    State Bank of Patiala Gold Loan Prepayment Charges 1%+ GST of the Loan Amount
    State Bank of Patiala Gold Loan Repayment Tenure Up to 36 months
    State Bank of Patiala Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

    About State Bank of Patiala Gold Loan 

    State Bank of Patiala offers a  Jewelry Loan to meet the financial requirements of customers who require immediate cash or in case of a financial emergency. Primarily, catering to borrowers from the middle and lower-income groups, Gold loan offers instant credit for multiple purposes. We provide a practical solution to meet temporary monetary contingencies.

    The funds from the State Bank of Patiala Gold loan can be used for weddings, education, business expansion, or any other similar purpose. With minimal documentation and secure storage, a gold loan is a simple funding option to meet your needs. Indian Bank Gold Loan has certain benefits such as quick processing time, low-interest rates, medium-term tenure, etc. The Bank helps you meet an urgent need for cash when you are suffering from a money crisis.

    • State Bank of Patiala Best Gold Loan Interest Rate is 5.88% per annum
    • State Bank of Patiala  Per Gram Gold Rate is ₹ 2,900 to ₹ 3,450
    • State Bank of Patiala Gold Loan Tenure is from a minimum of 6 months to 36 months
    • State Bank of Patiala Gold Loan Processing Fee is Up to 1% + GST of the Loan Amount

    How Much Gold Loan Can I Get Through State Bank of Patiala

    According to the recent gold rates, the State Bank of Patiala offers a gold loan of ₹ 2,900 to ₹ 3,450 per gram. State Bank of Patiala Gold Loan Rate Per Gram Today is ₹ 2,900 to ₹ 3,450 for 22-carat adornments determined at the greatest LTV of 90% and normal gold loan costs of most recent 30 days in 2021 is ₹ 2,900 to ₹ 3,450 of 22 carat

    State Bank of Patiala Gold Loan Per Gram – May 29 2022

    Updated - Gold Loan Per Gram Rate w.e.f May 29 2022

    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

    Why Choose State Bank of Patiala Gold Loan?

    So many banks and non-financial organisations provide a Gold Loan. Then why should you choose Indian 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 1 crore.
    3. Quick processing.
    4. Bad credit history/ CIBIL score, not an issue.
    5. Instant processing and disbursal.
    6. The lowest interest rate.
    7. Minimum documentation is required.
    8. Flexible repayment option.

    Advantages of Indian Bank Gold Loan

    Advantages of State Bank of Patiala Gold Loan via Dialabank

    1. Multipurpose – Indian Bank Gold loan can be used for any legitimate purpose, ranging from education to housing or business.
    2. Quick approval – You can avail of Indian Bank Gold Loan without any hassles, with minimal paperwork and lenient eligibility criteria.
    3. High quantum – Borrowers can avail of a Gold loan of different denominations, subject to their requirement and background.
    4. Competitive interest – Indian Bank Gold loan comes at a competitive rate of interest on Term Loan, Overdraft and EMI based loan and making repayment light on the pocket. Repay your gold loan in lower EMI over a tenor of your choice.
    5. Prepayment – Borrowers can choose to prepay the Indian Bank Gold loan without any worry of prepayment charges.
    6. Collateral Held securely– Any gold surrendered to the Indian bank as collateral is kept safely in a locker, so you don’t have to concern about the safety or security of your gold.
    7. Quick and Efficient Servicing– Over the counter disbursement in just 50 minutes with minimal documentation
    8. Complete Transparency– Gold Loan rates and other charges are communicated up front in writing, along with the quotation, so you don’t have to worry about any hidden costs or fees.
    9. Foreclosure: State bank of Patiala charges the borrower up to 2% of the outstanding principal debt before 3 months and zero charges after the period in the event of a Gold Loan Foreclosure.

    State Bank of Patiala  Gold Loan Eligibility 

    Gold Loan is a financial product provided by the bank which caters to your needs of short term or long term funds. It is easy to avail of commercial service provided by banks at low rates of interest and also requires minimal documentation for the same. State Bank of Mysore gives you the Loan amount within an hour of application as the valuation and approval process is quickly done, keeping in mind your urgency regarding the need for funds.

    Basic Eligibility Criteria for availing of a State Bank of Mysore Gold Loan is:

    Age Criteria 18 to 75 years
    Gold Requirements Gold Ornaments (18-22 carats)
    CIBIL Score Above 500
    Nationality Indian

    State Bank of Patiala Gold Loan at Home 

    Gold Loan at Home is a doorstep loan service that allows you to borrow money from the convenience of your own home. The service is rapid, flexible, and cost-effective because interest rates are low. You may use the gold loan calculator to calculate the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.

    One of our representatives will contact you and arrive at your home within 30 minutes. The appropriate gold loan amount will be paid immediately to your bank account when all e-documentation and gold identification is completed at your home.

    The benefits of getting a gold loan at your doorsteps are:

    • Diverse Range of Gold Loan Schemes
    • Your Gold will just be released the same day.
    • You can get free insurance for your Gold
    • There are no hidden fees.
    • You will get the maximum value of your Gold
    • Service at Your Door in 30 Minutes

    Documents Required for State Bank of Patiala Gold Loan

    Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the State Bank of Patiala wherein funds are provided for fulfilling the financial needs of the applicant. The gold ornaments of the applicant are kept as security by the bank in exchange for the funds. The entire State Bank of Patiala  Gold Loan process is hassle-free and easy to get with minimal documentation. The bank ensures the high security of your gold ornaments till the loan is closed.

    Following are the documents:

    Identity Proof Aadhaar Card/Pan 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 coloured

    State Bank of Patiala Gold Loan Interest Rate, Fees, and Charges

    A Gold 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 bank. Gold Loan interest rates offered by the State Bank of Mysore are lower in comparison to other loans because it is a fully secured loan.

    Gold Loan Interest Rate 5.88% per annum
    Pre-payment Charges 1% of the outstanding amount
    Processing Fee up to 1%

    State Bank of Patiala Gold Loan Apply Online

    Applying for the State Bank of Patiala Gold Loan service is a hassle-free and straightforward process that can be done from the comfort of your home. You can do it online by visiting the bank’s official website and submitting a form with necessary information regarding yourself and the Gold Loan you wish to avail yourself of. You will then need to visit the branch with the required documents and your gold.

    You can also apply with Dialabank by following the below-mentioned steps to get a Gold Loan as per your need.

    • Visit Dialabank’s digital platform, where you will have to fill a form without any registration.
    • Our Relationship Manager will contact you and assist you throughout the Gold Loan process and guide you in fulfilling your financial needs.
    • You will get a personalised service, giving you the option of comparing and taking the best deal according to your needs without any extra charges.
    • With Dialabank, you can compare the different offers and schemes from various banks based on the funding provided and the rate of interest charged for choosing the best loan deal for yourself.

    How to Pay Your State Bank of Patiala Gold Loan EMI?

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

    1. Standing Instruction (SI): If you are a current record holder with the State Bank of Patiala, 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 State Bank of Patiala account you indicate.
    2. Electronic Clearing Service (ECS): This mode can be utilised if you have a non-Indian Bank 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-State Bank of Patiala account at your closest State Bank of Patiala Loan branch. A new arrangement of PDCs should be submitted on time. It will be ideal if you note Post Dated Checks will be gathered in non-ECS areas, as it were.

    Gold Ornaments Accepted State Bank of Patiala

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

    Uses of State Bank of Patiala

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

    • To finance any personal expenses such as a wedding, travel, payment of higher education fees, etc.
    • For all your business 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.

    State Bank of Patiala Agricultural Jewel Loan Scheme

    Scheme Indian Bank Agricultural Jewel Loan Scheme
    Interest Rate  Starting from 5.88% per annum (depends on the sum of the loan
    Least amount of Loan It 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 Patiala Agricultural Jewel Loan Scheme

    • There is no processing fee is applicable up to ₹ 25,000
    • 0.30% of the loan amount, Minimum of ₹ 300 charge is applicable to the amount ranging from above ₹  25,000 – less than ₹ 5 lakh
    • 0.28% of the credit sum, subject to at least Rs.1,500, is applicable to the amount more than Rs.5 lakh; however, under Rs.1 crore

    State Bank of Patiala Agriculture Gold Loan Interest Rate for Different Scheme

    Indian Bank offers gold advance for horticultural necessities under two unique classifications Bumper Agri Jewel Loan and Other Agri Jewel Loan. The financing costs on these two classes are demonstrated 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.

    State Bank of Patiala Gold Loan Overdraft Scheme

    For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at State Bank of Patiala is provided, it gives you an online way to get your overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit the State Bank of Patiala branches and go through a tedious process. Just log in to the State Bank of Patiala online banking portal, and from there, you can fill out a simple form and get an overdraft under your name.

    FAQs About State Bank of Patiala Gold Loan

    What are the documents needed to profit the State Bank of Patiala 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 the 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 Patiala Gold Loan?

    The Indian Bank gold loans are secured loans that come with quick disbursement to meet your urgent financial needs. Gold loans from the State Bank of Patiala can be availed at attractive interest rates.

    ✅ How much Gold Loan Can I get per gram from the State Bank of Patiala?

    You can avail of a Gold Loan of  ₹ 2,900 to ₹ 3,450 per gram from the State Bank of Patiala, depending on the quality of your gold.

    What is the gold loan interest rate in the State Bank of Patiala?

    The rate of interest in the State Bank of Patiala for Gold Loan starts at 5.88% per annum. This rate varies depending on the purity of gold and the loan amount to be disbursed.

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

    You can check your State Bank of Patiala 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 a gold loan from the State Bank of Patiala?

    You can avail yourself of a maximum of up to 90% of the gold jewellery’s value from the State Bank of Patiala.

    What is the loan tenure of the State Bank of Patiala gold loan?

    The maximum tenure of your State Bank of Patiala gold loan is up to 36 months.

    ✅ How much is the processing fee applicable on the State Bank of Patiala Gold loan?

    State Bank of Patiala charges a processing fee of up to 1% of the Loan Amount on their Gold Loan.

    What are the charges for pre-payment in the State Bank of Patiala gold loan?

    State Bank of Patiala charges up to 1% of the outstanding loan amount as charges for prepayment of its gold loan.

    How to renew the State Bank of Patiala Gold Loan online?

    You can renew your State Bank of Patiala  Gold loan online by simply logging into your i-mobile app account and restore your gold loan under the Gold Loan section by entering the loan account details.

    How to pay State Bank of Patiala Gold loan interest online?

    To repay the State Bank of Patiala 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 the interest on the State Bank of Patiala  Bank Gold loan for 3 months?

    If you fail to repay the State Bank of Patiala gold loan amount, you will be first warned by the bank against making any more defaults. But if the ruins continue, your gold jewellery kept as collateral might be sold off.

    ✅ How can I apply for an EMI moratorium on the State Bank of Patiala  Gold loan?

    You can apply for the State Bank of Patiala Gold loan moratorium online by logging in with your credentials or can also visit the bank personally.

    How to pay the State Bank of Patiala  Gold loan through a credit card?

    Paying State Bank of Patiala gold loan through credit card is not allowed.

    How much Gold Loan can I get per gram in the State Bank of Patiala?

    The rate of Gold Loan per gram depends on the quality of your gold and the price of gold in the market. State Bank of Patiala provides 75-90% funding on the market price of the gold.

    ✅ How to pay the State Bank of Patiala Gold Loan online?

    You can pay for your Gold Loan from the State Bank of Patiala in easy monthly instalments or through post-dated cheques.

    ✅ How to apply for Gold Loan in the State Bank of Patiala?

    Apply for Gold Loan with the State Bank of Patiala by visiting the branch and enquiring about your banker. You can also apply online with Dialabank and get the offers and deals as per your needs.

     How to take Gold Loan from the State Bank of Patiala?

    You can take a Gold Loan from the State Bank of Patiala 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 Patiala  Gold Loan?

    You can get a quick Gold Loan from the State Bank of Patiala by visiting the branch or through online inquiry at Dialabank’s digital platform.

    ✅ How to check State Bank of Patiala Gold Loan status?

    Check your Gold Loan status by calling the State Bank of Patiala on 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 Patiala Gold Loan?

    You can close your State Bank of Patiala Gold Loan once you have paid all your pending dues. The bank, after documentation, will complete your loan and return to you the gold that was pledged.

    ✅ How to renew the State Bank of Patiala Gold Loan?

    If you desire to renew your Gold Loan with the State Bank of Patiala, 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 Patiala 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 of State Bank of Patiala Gold Loan?

    State Bank of Patiala, founded in 1917, was an associate bank of the State Bank Group. At .the time of its merger, the State Bank of Patiala had a network of 1445 service outlets, including 1314 branches, in all major cities of India. It merged with the State Bank of India on 1 April 2017.

    ✅ What is the State Bank of Patiala Gold Loan customer care number?

    To contact the State Bank of Patiala Gold loan customer care, dial 9878981144.

    ✅ What is the State Bank of Patiala Gold Loan closure procedure?

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

    ✅ What is the State Bank of Patiala Gold Loan preclosure charge?

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

    ✅ What is the State Bank of Patiala Gold Loan overdraft scheme?

    For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at State Bank of Patiala is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit the State Bank of Patiala branches and go through a tedious process. Just log in to the State Bank of Patiala online banking portal, and from there, you can fill out a simple form and get an overdraft under your name.

    ✅ What is the State Bank of Patiala Gold Loan maximum tenure?

    The maximum tenure of the State Bank of Patiala Gold loan is 36 months.

     What is the minimum gold loan tenure?

    The minimum gold loan tenure is 6 months.

    What is the foreclosure charge for the State Bank of Patiala Gold Loan?

    State Bank of Patiala charges a borrower up to 50% on the Gold Loan amount as Foreclosure charges.

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