Syndicate Bank Gold Loan

Gold Rate: ₹ 5,121 Per Gram

⍟ Interest Rate 7.0% p.a. ⍟

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.
Unlock the Real Value of your Gold
Lowest Rate of Interest
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

Syndicate Bank Gold Loan Key Features

Loan Amount Up to Rs. 1 Crore (With Income Proof)
Syndicate Gold Loan Interest Rate 7.0% per annum
Syndicate Gold Loan Rate Per Gram Rs 5,121 per gram
Processing Fee 1% or ₹1000 whichever is higher
Prepayment Charges 0-1%
Repayment Tenure Up to 36 months
Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Each Feature Explained in Detail Below

Advantages of Syndicate Bank Gold Loan

  • Syndicate Bank Gold Loan is very easy to apply. One can apply for the gold loan online within a few minutes through Dialabank.
  • If a borrower is eligible, Syndicate Bank Gold Loan can be approved within 5 minutes.
  • After the approval of a gold loan, the loan amount is disbursed quickly if the borrower has all the documents that are required.
  • Responsibility of your Gold is entire of the bank. Borrower’s gold assets will be kept under very tight and fireproof security.
  • The Gold Loan Interest Rates provided by the bank are quite affordable.
  • The documentation process is very easy and straightforward.
  • Bank will not ask the reason behind the gold loan. One can use the Syndicate Bank Gold Loan amount according to their needs.
gold loan at 7%

How Much Gold Loan Can I Get Through Syndicate Bank Gold Loan?

The loan is granted against the security of gold ornaments or jewels at the rate of Rs.5121 per gram of 22 Karat Gold or 90% of the net market value of your gold, whichever is lower.

Syndicate Bank Gold Loan Rate Per Gram

Updated - Gold Loan Per Gram Rate w.e.f 1 Oct 2020

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

About Syndicate Bank Gold Loan

Syndicate Bank Gold Loan

Syndicate Bank offers loan against gold at very low-interest rates. They are one of the major Gold Loan providers who understand the need of the customers and disburse the loan amount in one hour. The Syndicate Bank Gold Loan rates and all other charges are transparently announced to borrower upfront before sanctioning the loan amount. Also, The pledged gold is locked safely in the vault and the borrower does not have to worry about its safety.

  • Syndicate Gold Loan Interest Rate is 7.0% per annum
  • Syndicate Gold Loan Per Gram Rate is ₹ 5121
  • Syndicate Gold Loan Tenure: Up to 36 months
  • Syndicate Gold Loan Processing Fee is Up to 1% of the Loan Amount + GST
gold loan at 7%

Syndicate Bank Gold Loan Eligibility Criteria

Gold Loan is a financial product provided by the Syndicate bank which caters to your needs of short term or long term funds. It is easy to avail financial service provided by banks at low rates of interest and also requires minimal documentation for the same. Syndicate bank 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.

Major Eligibility criteria for availing the Syndicate bank Gold Loan is: 

Age  18-70 years of age
Nationality Indian
Employment Status Salaried, Self-Employed
Gold Quality Minimum 18 Carats

Syndicate Bank Gold Loan Documents Required

Gold Loan or Loan Against Gold is a loan product offered to the borrowers by the Syndicate bank 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 Syndicate bank Gold Loan process is hassle-free and easy to get with minimal documentation. The bank ensures high security of your gold ornaments till the loan is closed.

Documents required for Applying for Syndicate bank Gold Loan are :

A duly filled and signed Gold Loan application form shall be submitted along with the following documents:

Photographs 2 Passport Size
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 for the last three months can be considered. (Only 1 is required)
Agricultural Land Proof Required only if the Loan is taken for Agricultural Purpose

**Any other documents as requested by the bank shall be duly submitted.**

gold loan at 7%

Syndicate Bank Gold Loan Interest Rate, Fees and Charges

Syndicate bank Gold Loan can fulfill all your urgent short term and long term monetary requirements. The rate of interest that you will be charged with 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 Syndicate bank are lower in comparison to other loans because it is a fully secured loan.

Syndicate bank also charges some additional fees along with the rate of interest in some cases, which are :

Syndicate Gold Loan Interest Rate 7.0% per annum
Processing Fee
1% of the Principal Loan Amount
Prepayment/Foreclosure Charges
1%+GST (Within 3 Months), 0 (After 3 months)
Valuation Fee
Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
Late Repayment Charges
2% p.a. + Applicable rate of interest.
Renewal Processing Fees
Rs 350 + GST

Syndicate bank Gold Loan Apply Online

Applying for the Syndicate bank Gold Loan service is a simple and hassle-free 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. 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 just 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 personalized 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 funding provided and the rate of interest charged for choosing the best loan deal for yourself.
gold loan at 7%

Syndicate 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

How to Pay Your Syndicate Bank Gold Loan EMI?

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

  1. Standing Instruction (SI): If you are a current record holder with Syndicate Bank, 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 Syndicate Bank account you indicate.
  2. Electronic Clearing Service (ECS): This mode can be utilized if you have a non-Syndicate 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-Syndicate Bank account at your closest Syndicate Bank 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 non-ECS areas as it were.
gold loan at 7%

Syndicate Bank Gold Loan Contact Number

Syndicate Bank offers loan against gold at the lowest Interest rate. Being one of the significant gold loan suppliers, Syndicate Bank understands the necessities of the clients and disburses the loan amount in 60 minutes. The gold promised is securely secured in the bank locker, and you don’t need to stress over its safety.

You just need to give a call on 9878981144 to avail the best deals and offers on Syndicate Bank Gold Loan.

Gold Ornaments Accepted by Syndicate Bank

  1. Any jewellery of 18 karats to 22 karats is acceptable to avail the loan.
  2. Gold coins weighing less than 50 grams in total.
  3. Bank does not accept minted/forged gold coins.
  4. Gold Bars and bricks are not acceptable.
  5. Raw gold in any form is not acceptable.
gold loan at 7%

Uses of Syndicate bank Gold Loan

The funds acquired by availing the Syndicate bank 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 a Gold Loan for agricultural purposes. The bank offers lower rates of interest for Gold Loans that are used for agriculture or allied activities.
gold loan at 7%

FAQs About Syndicate Bank Gold Loan

✅ What is Syndicate Bank Gold Loan?

Syndicate Bank gives you Loan Against Gold for personal and professional use for a maximum loan amount of ₹20 lacs for a maximum period of 36 months. The Gold Loan comes with quick approval and minimal paperwork to fulfil your urgent monetary requirements.

How much Gold Loan Can I get per gram from Syndicate Bank?

The loan is granted against the security of gold ornaments or jewels at the rate of Rs.5121 per gram of 22 Karat Gold or 90% of the net market value of your gold, whichever is lower.

✅ How Does Syndicate Bank Gold Loan work?

The Syndicate Gold Loan is provided by the Banks /NBFC by providing you with funds against your gold ornament. The loan amount depends upon the gold weight and its quality.

✅ What is Gold Loan interest rate in Syndicate Bank?

The interest rate for gold loan in Syndicate Bank is 7% per annum.

✅ How to check gold loan status in Syndicate Bank?

To check your Syndicate Bank Gold Loan status online just visit the portal from your web browser and fill in the details of your Gold Loan application.

✅ How to calculate gold loan interest in Syndicate Bank?

The gold loan interest rate in Syndicate Bank can be calculated by simply subtracting the principal amount from the total amount to be paid.

What is the maximum gold loan amount I can avail on gold loan from Syndicate Bank?

You can avail a maximum of up to 75% of your pledged gold jewellery’s market value from Syndicate Bank.

✅ What is the loan tenure of Syndicate Bank gold loan?

The loan tenure of your Syndicate gold loan is up to 36 months.

How much processing fee is applicable on Syndicate Bank Gold loan?

A processing fee of up to 1% of the loan amount is applicable on Syndicate gold loan.

✅ What are the charges for pre-payment in Syndicate gold loan?

The charges of pre-payment in Syndicate loan vary from 0-1% of the outstanding loan amount.

✅How to renew Syndicate Gold Loan online?

To renew your Syndicate Gold loan online just log in to the portal with your personal credentials and fill a form of renewal of the loan.

✅ How to pay Syndicate Gold loan interest online?

You can pay the Syndicate Gold loan interest online using any of the following options:

  • net banking
  • debit cards
  • i-mobile app

What if I can’t pay the interest on Syndicate Gold loan for 3 months?

If you fail to pay your interest on Syndicate Bank gold loan for 3 months then the bank will warn you against further defaults. In case the defaults continue, the bank may consider selling off your gold ornaments kept as a security.

How can I apply for EMI moratorium on Syndicate Gold loan?

You can apply for EMI Moratorium on Syndicate Gold loan online by logging in with your unique ID and password or can also visit the bank personally and apply for the same.

How to pay Syndicate Bank Gold loan through credit card?

You cannot pay Syndicate Bank Gold Loan through credit card as per RBI’s guidelines.

Table of Contents