⍟  Lowest Interest Rate of 0.79% p.m.
⍟  Highest Rate Per Gram ₹ 4,680
⍟  No Melting of Your Gold
⍟  Get Loan in 1 Visit Only
⍟  100% Safety of Your Gold (kept in Bank Locker)

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Suryoday Small Finance Bank Gold Loan

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Suryoday Small Finance Bank Gold Loan Key Features – Apply Now

Suryoday Gold Loan Interest Rate 7.0% per annum
Suryoday Gold Loan Per Gram
Rate Per Gram Today is ₹ 5,121
Suryoday Gold Loan Processing Fee
0.85%
Suryoday Gold Loan Amount
Up to Rs. 1 Crore (With Income Proof)
Suryoday Gold Loan Prepayment Charges
0-2%
Suryoday Gold Loan Repayment Tenure
36 months
Suryoday Gold Loan Repayment Scheme
Bullet Payment Scheme, Overdraft Scheme

About Suryoday Small Finance Bank Gold Loan

Suryoday Small Finance Bank Gold LoanSuryoday 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 straightforward 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 this is that the gold loan is secured. So the Gold Loan Interest Rate is less than that of a personal loan or any other kind of loan. However, the Gold loan rate keeps on changing with the passage of time and person to person.

Apart from the below-mentioned charges, the bank may charge you for gold valuation, documentation, and service.

Gold Loan Rate 7.0%
Repayment Scheme Bullet Repayment Scheme, Overdraft Scheme
Gold Required Minimum 18 Cr
Processing Fee 0.85%
Prepayment Charges 0-2%

Why Choose Suryoday Small Finance Bank Gold Loan?

  • The bank provides up to the mark services.
  • You can avail of a High Loan amount
  • Quick processing
  • A bad credit history/ CIBIL score is not an issue. You can apply for a gold loan with a CIBIL score of even 500.
  • Instant Processing and Disbursal
  • Affordable interest rates
  • Minimal documentation
  • Flexible and easy repayment options

Advantages of Suryoday Small Finance Bank Gold Loan

Advantages of Suryoday Small Finance Bank Gold Loan via Dialabank

 

  • The bank is very dedicated to its customers.
  • High Loan amount
  • Quick processing.
  • Worse credit history/ CIBIL score, not an issue
  • Instant Processing and Disbursal
  • Low-interest rates
  • Minimum documentation required
  • Flexible repayment options
  • Bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure.

Suryoday Small Finance Bank Gold Loan Eligibility

Age 18-70 years of age
Nationality Indian
Employment Status Salaried, Self-Employed
Gold Quality Minimum 18 Carats
Requirements Gold ornaments (18-22 carats)
CIBIL score Above 500

Suryoday Small Finance Bank Gold Loan Documentation

Photographs 2 latest Passport-Size photos without spectacles
Identity Proof
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
Residence Proof
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House, then the rent agreement or water/electricity bills can be considered for the last three months. (Only 1 is required)
Agricultural Land Proof Required only if the Loan is taken for Agricultural Purpose
Requirements Gold ornaments (18-22 carats)
CIBIL score Above 500

How Much Can I  Get Through Suryoday Small Finance Bank Gold Loan 

Suryoday Small Finance Bank Gold Loan Per Gram-Update January 2021

Updated - Gold Loan Per Gram Rate w.e.f Apr 23 2021

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

Suryoday Small Finance Bank 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

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 previous day’s rates 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

  • Visit Dialabank.
  • Fill the Gold Loan form. Make sure you mention your phone number.
  • We will shortlist some offers for you and mail them to you.
  • Wait for our relationship manager to call you.

Uses of Suryoday Small Finance Bank Gold Loan

The loan amount acquired by availing the Suryoday Small Finance Bank Gold Loan service can be used for several purposes such as:

  • To finance personal expenses like a wedding, travel, medical bills, etc.
  • For all your financial business requirements, such as buying raw material, inventory, etc

Suryoday Small Finance Bank Agricultural Jewel Loan Scheme

Scheme Suryoday Small Finance Bank Agricultural Jewel Loan Scheme
Interest Rate  Starting at 7% 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

Benefits of Suryoday Small Finance Bank 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

Suryoday Small Finance Bank Gold Loan Overdraft Scheme

Suryoday Small Finance Bank Offers an Overdraft Scheme. With this, you are provided with a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Gold Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Suryoday Small Finance Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

FAQs About Suryoday Small Finance Bank Gold Loan

✅ What is Suryoday Small Finance Bank Gold Loan?

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.

✅ How Can I Get Gold Loan From Suryoday Small Finance Bank?

You can apply for the Gold Loan from Suryoday Small Finance Bank by visiting the bank’s branch 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. If you have queries, we are available for you at all times on the number 9878981144.

✅ How much Gold Loan Can I get per gram from Suryoday Small Finance Bank?

The rate per gram of gold for Suryoday Small Finance Bank Gold Loans depends on your gold quality. Suryoday Small Finance Bank gives you loans against gold at a good funding rate. Currently, Suryoday Small Finance Bank Gold Loan Per Gram Rate is Rs.5,121.

✅ How Does Suryoday Small Finance Bank Gold Loan work?

Suryoday Small Finance Bank Gold loan works through 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.

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

The interest rates charged by the Suryoday Small Finance Bank Gold Loans are less than the rate of interest charged on other loans as it is a fully secured loan. The bank charges an interest rate of 7.0% usually while lending loan against gold.

✅ How to check gold loan status in Suryoday Small Finance Bank?

If you wish to check the Suryoday Small Finance Bank gold loan status, you can do so by contacting the customer care executive or visiting the bank branch.

✅ How to calculate gold loan interest in the Suryoday Small Finance Bank?

Suryoday Small Finance Bank gold loan Interest is the difference between the loan principal that the lender gives you and the amount you repay. Use the calculator to calculate your EMIs and plan your repayment properly.

✅ What is the maximum gold loan amount I can avail of on a gold loan from Suryoday Small Finance Bank?

If you match the eligibility criteria, you can avail of a Suryoday Small Finance Bank gold loan amounting up to a crore. This value is around 70% of the gold given as collateral.

✅ What is the loan tenure of the Suryoday Small Finance Bank gold loan?

You can choose your Suryoday Small Finance Bank gold loan tenure, ranging from 3 months to 3 years. The Suryoday Small Finance bank also provides you with the option of loan renewal.

✅ How much is the processing fee applicable to the Suryoday Small Finance Bank Gold loan?

The processing fee for Suryoday small finance Bank gold loan is a minimal of 0.85% of the outstanding loan amount. The bank might also charge you for gold valuation and documentation.

✅ What are the charges for pre-payment in the Suryoday Small Finance Bank gold loan?

Prepayment means paying your loan before the tenure ends, partially or completely. The prepayment fee in Suryoday Small Finance bank gold loan extends from 0 to 2% of the loan amount.

✅ How to renew Suryoday Small Finance Bank Gold Loan online?

Renewal of the Suryoday Small Finance Bank 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.

✅ How to pay Suryoday Small Finance Bank Gold loan interest online?

The Suryoday Small Finance bank gold loan 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.

✅ What if I can’t pay the interest on the Suryoday Small Finance Bank Gold loan for 3 months?

If someone cannot pay the Suryoday Small Finance bank gold loan 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.

✅ How can I apply for the EMI moratorium on the Suryoday Small Finance Bank Gold loan?

If you don’t want to repay your gold loan immediately after its disbursal, you can apply for a Suryoday Small Finance Bank gold loan moratorium through its online site or by visiting the bank personally. However, you can only do this minimum of 5 days before the EMI payment date.

✅ How to pay the Suryoday Small Finance Bank Gold loan through a credit card?

You cannot repay a Suryoday Small Finance Bank gold loan through a credit card. You can repay it through a debit card, cash, cheque, or net banking apps such as Paytm.

What is Suryoday Small Finance Bank Gold Loan Overdraft Scheme

 Suryoday Small Finance  Bank Offers an Overdraft Scheme. With this, you are provided with a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Gold Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Suryoday Small Finance Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

✅What is Suryoday Small Finance Bank Gold Loan Contact Number?

For any assistance regarding a gold loan in Suryoday Small Finance Bank, you can contact number 9878981144.

What is the Suryoday Small Finance Bank Gold Loan closure procedure?

The Gold loan will automatically close after the payment is done in full.

✅ What is Suryoday Small Finance Bank Gold Loan Preclosure charges?

The Bank preclosure charges are 2%+GST (Within 3 Months) and 0 (After 3 months)

What is the maximum gold loan tenure for Suryoday Small Finance Bank?

The maximum gold loan tenure is 36 months.

✅ What is the minimum gold loan tenure for Suryoday Small Finance Bank?

The minimum gold loan tenure is 12 months.

✅ What is Suryoday Small Finance Bank Gold Loan per gram?

Suryoday Small Finance Bank Gold Loan rate Per Gram is Rs.5,044.

✅ What is Suryoday Small Finance Bank Foreclosure Charges?

Suryoday Small Finance Bank does not have any foreclosure charges. 

Other Major Gold Loan Providers
 

 

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