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SBI Gold Loan Bangalore

Highlights

  • Apply for the SBI Gold Loan in Bangalore at 7.50%.
  • See the Details of the SBI Gold Loan Before Applying for it.
  • Know the Eligibility Criteria and the Documents Required for the Gold Loan.

Bangalore is one of the expensive cities in India. The survival of a middle-class individual is not possible without any external loan or debt. But there are some individuals who fall short of the eligibility criteria when they are applying for a personal loan or any other loan. So, if you have gold at your home then you can take a gold loan to fulfill all your dreams. You must read the details of the SBI Gold Loan in Bangalore that is available at quite an affordable rate of interest. You just have to mortgage the Gold with the bank and then the bank will give you the loan amount. Let’s explore the types of Gold Loans offered by the State Bank of India in Bangalore.

Types of Gold Loans Available in Bangalore from SBI

There are three options available when you are taking a Gold Loan from SBI. You have to decide the option while taking the loan as per your need and preference.

Gold Loan:- This is the same Gold Loan as the other banks give and you can take a loan against the gold for 36 months only. The loan amount will be 75% of the Gold value and 25% is kept as a margin because the market fluctuations might decrease the value of the gold. If you mortgage a gold having the value of ₹1 lac then you will get a loan of ₹75000 only.

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Liquid Gold Loan:- In this option, the bank will give you a certain limit that is known as the overdraft limit in which you can borrow against the gold. But the interest is chargeable only on the amount that you actually borrow from the bank and not on the amount that is permitted by the bank. Suppose you have got a limit of ₹3 lacs and you take ₹1 lac as a loan then the interest will be charged on the amount of ₹1 lac and not ₹3 lacs

Bullet Repayment Gold Loan:-This option is for those people who have the habit of clearing the debt as soon as possible. So, if you are living in Bangalore and eventually you get a bonus then you can prepay pay the SBI Gold Loan before the expiry of the tenure. The bank will charge interest only for the months in which the loan was outstanding. Suppose you have taken a loan for 12 months and you repay it in 4 months then the interest will be charged on for 4 months.

Details of the Gold Loan from SBI in Bangalore

DetailsSBI Gold LoanSBI Liquid Gold LoanSBI Bullet Repayment Gold Loan
Minimum Loan Amount₹20 Thousand₹20 Thousand₹20 Thousand
Maximum Loan Amount₹20 Lacs₹20 Lacs₹20 Lacs
Maximum Tenure3 Years3 Years1 Year
Rate of Interest7.50%7.50%7.50%
Processing FeesHighest of the Following
- 0.50% of the Loan Amount plus GST.
- ₹500 plus GST
Highest of the Following
- 0.50% of the Loan Amount plus GST.
- ₹500 plus GST
Highest of the Following
- 0.50% of the Loan Amount plus GST.
- ₹500 plus GST
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Eligibility Criteria for the SBI Gold Loan in Bangalore

  • 18 Years is the Minimum Age Required to take the Loan.
  • A Single Applicant and co-applicant can take the Gold Loan together.
  • Individuals must a regular source of income so that they can repay the loan easily.
  • Receipts of all the Gold items against which you are taking the SBI Gold Loan must be presented to the bank

Documents Required

  • Gold Loan Application Form Signed by the Applicant.
  • 2 Passport Sized Photographs.
  • Aadhar Card, PAN Card, Voter ID Card, or Passport as the Identity Proof.
  • Driving License, Telephone Bill, Electricity Bill as the Address Proof.
  • Illiterate Borrowers must have to present a Witness Letter.
  • DP Note
  • Delivery Letter of the DP Note
  • Note Delivery Letter of the Gold Ornaments
  • Arrangement Letter

SBI Gold Loan Branches in Bangalore

There are two options to apply for the SBI Gold Loan. Either you can fill the online form and the bank’s representative will contact you or you can visit the nearest branch of SBI in Bangalore to apply for the loan. You can see the list of SBI Branches in Bangalore from where you can take the loan.

  • VASAVI COMPLEX, ST. MARK S ROAD, DISTT. BANGALORE URBAN, KARNATAKA 560001
  • AIR FORCE STATION, JALAHALLI EAST, BANGALORE, PIN – 560014
  • HOSPITAL TOWN WEST, BANGALORE, TRIPTI COMPLEX HOSPITAL TOWN, BANGALORE, KARNATAKA, PIN – 560015
  • 3 – 4, BANGALORE AIRPORT EXIT ROAD, DISTT. BANGALORE URBAN, KARNATAKA 560017
  • PB NO. 779, TRINITY CHURCH RD, AGRAM POST, BANGALORE, KARNATAKA, 560007
  • B.M.C.CAMPUS, K R ROAD, BANGALORE PIN 560002
  • OPP.TO.IOC.DEPOT, BANGALORE, PIN.560033
  • NO.22 J C ROAD P.B. NO.6511 BANGALORE KARNATAKA
  • NH – 7, BELLARY ROAD YELAHANKA BANGALORE, 560063
  • SRIRANGAM 185, PB NO. 413, GANDHI BAZAR, BASAVANAGUDI, BANGALORE, KARNATAKA, PIN 560004
  • IV CROSS, BYATARAYANAPURA, BANGALORE, PIN 560026
  • POST BOX NO.9963, COMBINED BOARD ADMINISTRATIVE BUILDING, BANGALORE CHURCH STREET, BANGALORE
  • VANKATAPPA.BUILDING, SILVER.JUBILE.PARK.ROAD, BANGALORE, PIN.560002
  • I T I CAMPUS DOORAVANINAGAR DISTT BANGALORE URBAN BANGALORE 560016
  • NO.1, II MAIN ROAD, ATMANANDA COLONY, BANGALORE, BANGALORE, PIN – 560032
  • BANGALORE URBAN KARNATAKA 560017
  • WHITE FIELD ROAD, MAHADEVAPURA, BANGALORE, PIN – 560048,
  • 1, BUNGALOW, I I S C CAMPUS, BANGALORE 560012, KARNATAKA PIN 560012
  • 2989 BY 1A, 12TH MAIN, HAL, 2ND STATE, BANGALORE, PIN 560008
  • SHOPPING COMPLEX BUILDING, JEEVAN BIMA NAGAR, BANGALORE
  • NO.916, 9TH CROSS, 2ND PHASE, 24TH MAIN, BANGALORE, KARNATAKA, PIN 560078
  • SHANBHAG.TOWERS, CORNER.OF.5TH.MAIN.RD. JAYMAHAL.ROA D, BANGALORE
  • P.B.NO.1127, NO.275, 100.FEET.ROAD, BANGALORE.PIN.560001
  • 1151 – A, 26TH MAIN, IV T BLOCK, JAYANAGAR, BANGALORE 560011
  • KAMMANAHALI.MAIN, ST.THOMAS.TOWN, BANGALORE, PIN.560084
  • BADAGANADU SANGHA BLDG., SESHADRIPURAM, KUMARA PARK W, BANGALORE, KARNATAKA, 560020
  • DRDO.COMPLEX, C.V.RAMAN.NAGAR, BANGALORE, PIN.560075.
  • 143, MARGOSA ROAD, 9TH CROSS, BANGALORE, PIN 560003
  • POST BOX NO.4222, SHIVAMCHETTY GARDEN POST, BANGALORE, PIN 560042
  • 9 BY 1, MAHALAKSHMI CHAMBERS, HOTEL KAMADHENU BUILDING, TRINITY CIRCLE, BANGALORE
  • 2, G.M.C.BANK.BUILDING, PAMPA.MAHAKAVI.ROAD, BANGALORE, PIN.560018
  • KODIHALLI, VIMANAPURA POS, BANGALORE, KARNATAKA, PIN 566017
  • NO 375, DHRUVA, MKP ROAD, PADMANABHA NAGAR, BANGALORE
  • B – 96, 2ND CROSS, PEENYA, BANGALORE 560058, KARNATAKA
  • TRADE.CENTRE, 294, RACE.COURSE.ROAD, BANGALORE, KARNATAKA, PIN.560001.
  • OPP POST OFFICE, MAIN ROAD R T NAGAR, BANGALORE
  • 27, MOSQUE ROAD, RICHARDS TOWN, BANGALORE, KARNATAKA, PIN 560005
  • NO.13, 10TH B MAIN ROAD, V BLK RAJAJI NAGAR, BANGALORE, BANGALORE, 560010
  • P.B.NO.4415, INDUSTRIAL ESTATE, BANGALORE, KARNATAKA, PIN 560044
  • RESIDENCY PLAZA, 24, RESIDENCY ROAD, BANGALORE 560025
  • 1352, 4TH CROSS, 9TH MAIN, R.P.C LAYOUT, VIJAYA NGR, BANGALORE, KARNATAKA
  • 275, 15TH MAIN, RAJMAHAL VILAS EXTN., BANGALORE 560080
  • NO.321, 50 FEET ROAD, 20TH MAIN, SRINAGAR, BANGALORE PIN – 560050

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