SBI Gold Loan: If you need money then gold loan can also be a better option for you. Gold loans can be availed with very little paperwork. State Bank of India – SBI, the country’s largest state-run bank also provides gold loans. You can avail SBI Gold loan by pledging gold ornaments and coins at low interest rates with very little paperwork.
According to an SBI tweet, the interest rate for gold loans has been reduced to 7.50 percent and you can avail many benefits apart from not taking the processing charges. SBI has said that if you want to take a gold loan cheaply, for this you have to give a missed call from your registered mobile number to the customer care number 7208933143. After that you will get a call from the bank. In this call, you will get complete information about the loan. Apart from this, you can also get information by messaging GOLD on 7208933145.
Know who gets the loan
A person must be 18 years of age to take an SBI Gold loan. For this, it is not necessary to give information about the source of income. Loans up to Rs 50 lakhs can be availed. 20,000 at least.
Processing fees are very low. Which will not put much weight on the pocket of the picker. The gold taker will have to pay a minimum of GST and at least GST of 250 rupees with 0.25% of the loan amount. If you apply through the YONO app, then you will not have to pay Rs 250 for GST.