Jewel Loan Per Gram In Sbi

I want to take Jewel Loan from State Bank of India SBI so can you please provide me the details of loan?

[shikha]

State Bank of India SBI provides SBI Personal Gold Loans.

SBI Personal Gold Loans

Bank's existing customers can avail the loan upto Rs.20 lacs by pledge of gold ornaments including gold coins sold by Banks.

It requires minimum paper work and has low interest rate.

Eligibility-

Profession : Anybody with Steady source of income including: Bank's Employees, Pensioners

Age : 21 years and above

Loan Amount-

Minimum : Rs 20,000/-
Maximum : Rs 20lacs/-

Margin : 25%

Repayment :
Repayment Period

Maximum:30 months (For Demand Loan)
36 months (For Overdrfat)

Security-

Security of gold ornaments
Interest Rate & Processing Fees

Processing Fees-

(i) For BIS Hallmarked Jewellery/ Ornaments and specially minted Gold Coins sold by Banks :

0.50% of the Loan Amount + applicable Service Tax

(Min: Rs 250 ; Max: Rs 500) + applicable Service Tax

(ii) For Non Hallmarked Jewellery/ Ornaments:

(a)Up to Rs 25000: Rs 250 per application + applicable Service Tax
(b)Above Rs 25000: 0.50% of the Loan amount + applicable Service Tax or Rs 500 + applicable service Tax whichever is higher.

Documents Required

Application Form for Gold Loans
Proof of Identity
Proof of Address
Two copies of photograph of the borrower(s)

Contact-

Please Call SBI's 24X7 helpline number i.e. 1800 11 2211 (toll-free), 1800 425 3800 (toll-free) or 080-26599990. Toll free numbers are accessible from all landlines and mobile phones in the country.