Suryoday Small Finance Bank Gold Loan

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Unlock the Real Value of your Gold

Rates as low as 1% p.m.
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

About Suryoday Small Finance Bank Gold Loan

Suryoday Small Finance Bank Gold Loan

Survoday small finance is a private sector bank. The bank was set up in 2018. The bank is very good at providing financial services to the customers. There are various products offered by the bank to the customers.
It includes loans, insurances, wealth management and banking. Moreover, the bank provides the gold loan to the customers at very easy rates of interest. Gold Loan is preferred because it is quickly disbursed, easy to access. 

Suryoday Small Finance Bank Gold Loan Interest Rates

In general, Gold Loan is available at a low-interest rate. The reason behind is that the gold loan is a secured loan. 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. The Suyoday Small Finance Bank Gold Loan is available at 1% per month interest rate.

  • Interest rate – 10.70 %
  • Low processing fee –  0.85%
  • Pre-closer charges range from 0 – 2 %.

Why Choose Suryoday Small Finance Bank Gold Loan?

  • The bank is very dedicated to its customers.
  • High Loan amount
  • Quick processing
  • Bad credit history/ CIBIL score, not an issue
  • Instant Processing and Disbursal
  • Low interest rate
  • Minimum documentation
  • Flexible repayment options

Suryoday Small Finance Bank Gold Loan Eligibility

  • The age of the customer should not be less than 18 years.
  • The applicant should be a citizen of India.
  • The applicant should have gold in an appropriate form.
  • The quality of the gold should be 18 Carat to 22 Carat.

Suryoday Small Finance Bank Gold Loan Documentation

  • Identity Proof – Aadhar Card / Voter ID card / PAN Card /Driving License / Passport.
  • Proof of Residence – Aadhar Card / Voter ID card / PAN Card / Driving License / Passport / Ration Card /Electricity or Water bills of last three months with the name of the applicant.
  • Two colored photographs.
  • Land Proof – In the case of Agriculture Loan on gold of more than Rs. 1 lac

Suryoday Small Finance Bank Gold Loan Process

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

Steps to Apply for Suryoday Small Finance Bank Gold Loan

FAQs About Suryoday Small Finance Bank Gold Loan

Q. How much Gold Loan can I get per gram in Suryoday Small Finance Bank?

The rate per gram of gold for Gold Loans depends on the quality of your gold. Suryoday Small Finance Bank gives you loans against gold at a good funding rate.

Q. What is Suryoday Small Finance Bank Gold Loan?

Gold Loan is preferred because it is quickly disbursed, easy to access. Another thing is that if you have gold in any form and you are not using this gold, and if you want it to put safely in the bank you have to buy a locker in bank, and you will be charged for this and bank will not take its full responsibility. So it’s better to get the gold loan you will get money as the security of your gold at the same time and same place and the full responsibility of security is with the bank.

Q. What is the Gold Loan interest rate in Suryoday Small Finance Bank?

The interest rates charged by banks on Gold Loans is less than the rate of interests charged on other loans as it is a fully secured loan. The bank charges an interest rate of 10.70 % usually while lending advances against gold.

Q. How to pay Suryoday Small Finance Bank Gold Loan online?

The bank provides various methods to pay the loan amount such as a Standing Instruction or an ECS. For more information contact the customer care executive of the bank or visit the branch directly.

Q. How to apply Gold Loan in Suryoday Small Finance Bank?

You can apply for the Gold Loan from Suryoday Small Finance Bank by visiting the branch of the bank with the documents required and filling a form. You can apply from the comfort of your own home by applying from Dialabank’s digital platform.

Q. How to renew Suryoday Small Finance Bank Gold Loan online?

You have to be physically present in the bank branch for the renewal process. Call on the customer care number to know the exact process.

Q. How to take Gold Loan from Suryoday Small Finance Bank?

You can take a Gold Loan in few hours and fulfil all your monetary needs. Just visit the nearest North East Small Finance Bank branch with your Gold and start your loan application process. You can also apply online through Dialabank’s digital platform to avail the best offers.

Q. What is Gold Loan in Suryoday Small Finance Bank?

Suryoday Small Finance Bank Gold Loan is a secured loan scheme that comes with benefits such as, quick processing, low-interest rates, and tenure of your choice. You can meet all your urgent financial needs with a Gold Loan.

Q. How to get Suryoday Small Finance Bank Gold Loan?

Getting a Gold Loan from Suryoday Small Finance Bank is a hassle-free and quick process. You only need to visit the branch with the required documents (Aadhar card, Pan card) and your gold. You can alternatively apply with Dialabank and compare the offers from different lenders to choose the best option available for you.

Q. How to check Suryoday Small Finance Bank Gold Loan status?

If you wish to check the status you can do so by contacting the customer care executive or visit the bank branch.

Q. How to close Suryoday Small Finance Bank Gold Loan?

Closing Suryoday Small Finance Bank Gold Loan is a simple and hassle-free process. You can pay monthly EMIs or bullet payment at the end of the month. The bank does not charge any prepayment charges.

Q. How to renew Suryoday Small Finance Bank Gold Loan?

Renewal of Gold Loan can be done by visiting the branch with all the loan documents. The previously kept gold will be evaluated at current market prices and your loan will then be renewed for another tenure if the new terms of the loan are agreed upon.

Q. What happens if someone defaults Suryoday Small Finance Bank Gold Loan?

If someone is not able to pay the dues on or before the due date, the bank charges a penalty fee from the borrower and can also auction the gold to recover the number of defaults is continued.

Q. How many branches of Suryoday Small Finance Bank Gold Loan?

Suryoday Small Finance Bank started with 10 branches in Maharashtra and Andhra Pradesh in the year 2009 with 1500 active customers and by 2013 these numbers grew up to 46 branches and 1,52,000 customers.

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