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SBI Gold Loan in Delhi

Highlights

  • Apply for the SBI Gold Loan in Delhi at 7.50% per annum.
  • Know the Eligibility Criteria and Documents Required for the Gold Loan.
  • Explore the various branches of SBI in Delhi from where you can take the Gold Loan.

It is really difficult for the people in Delhi to afford luxury therefore the only option left is to take a loan. But it is not easy to take a personal loan or any other loan because it requires a lot of paperwork. So you can take a Gold Loan if you have enough gold at home. You can easily mortgage the gold against the loan and take the required amount. You can take a look at the SBI Gold Loan in Delhi that is available at a competitive rate of interest. The interest rate on the SBI Gold Loan Starts from 7.50% per annum it might increase as per your relation with the bank. So let’s explore the features of the SBI Gold Loan.

Types of Gold Loan from SBI in Delhi

There are three types of Gold Loans that are given by the State Bank of India. You can explore the features of all the three loans and then apply them accordingly in Delhi.

Gold Loan:- This is a simple Gold Loan in which you can mortgage the Gold against the loan and you will get a repayment period for 3 years. But you will never get a Loan equivalent to the market value of the Gold. The SBI will only give you 75% of the gold value as the loan and keeps 25% as the margin. Suppose you have mortgaged the gold with a value of ₹1 lac then you will get a gold loan of ₹75 Thousand.

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Liquid Gold Loan:- In the Liquid Gold Loan, the bank will only charge interest on the amount that is actually borrowed by you and not on the amount that is permitted by the bank. Suppose the bank gives you an overdraft limit of ₹3 lacs and you only take a loan of ₹1 lac then the interest will be charged on the amount of ₹1 Lac only.

Bullet Repayment Gold Loan:- Individuals of Delhi who have the habit of prepaying the loan can take this loan. The tenure for this loan is only 12 months and if you prepay the loan before the expiry of the tenure then the bank will charge interest up to the date when the loan is cleared. Suppose you have taken the SBI Gold Loan in Delhi for 12 months and you prepay the loan in four months only then the interest will be charged for only 4 months.

Details of the SBI Gold Loan in Delhi

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

Eligibility Criteria for the Gold Loan in Delhi from SBI

  • 18 Years is the Minimum Age Required to take the SBI Gold Loan in Delhi.
  • A Single Applicant and as well as a co-applicant can take the SBI Gold Loan.
  • Individual must a regular income but it is not necessary to prove your income.
  • Receipts of all the Gold must be present to the bank against which the loan is taken.
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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 Delhi

You can apply for the SBI Gold Loan either through an online portal or by visiting your nearest branch in Delhi. So, you can see all the SBI Gold Loan Branches in Delhi from where you can easily apply for the SBI Gold Loan.

  • C/O SBI DELHI CANTT  BRANCH, NEW DELHI
  • C/O STATE BANK OF INDIA, SAMEPUR, DELHI, SANJAY GANDHI TRANSPORT NAGAR, DELHI-110042
  • SARDAR PATEL ROAD NEW DELHI, S P Marg, DELHI, PIN – 110021
  • BENITO JUAREY ROADDHAULA KUAN, NEW DELHI DELHI, PIN – 110021
  • NORTH CAMPUS, UNIVERSITY OF DELHI, DELHI 110007
  • 4770 BY 23, BHARAT RAM ROAD DARYA GANJ NEW DELHI, DELHI 110002
  • NORTH CAMPUS, UNIVERSITY OF DELHI, DELHI 110007
  • R93.MASOOD.PUR,VASANT.KUNJ,NEW.DELHI,DELHI,PIN.110070
  • HINDU RAO HOSPITAL, DELHI, MALKA GANJ, DELHI
  • NEW DELHI, MAHILPUR, DELHI 110037
  • OLD ROHTAK ROAD, DELHI, PIN-110007
  • N.I.E. CAMPUS, SRI ARABINDOMARG, NEW DELHI 110016
  • 96-A KAMLA NAGAR DELHI DIST 110007
  • 15TH FLOOR, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, JANPATH, NEW DELHI 110001
  • NETAJI SUBHASH INSTITUTE OF TECHNOLOGY, SECTOR 3, DWARKA, NEW DELHI 110075
  • 96A, KAMALA NEHRU ROAD, SUBZI MANDI, DELHI, PIN 110007
  • C-1/28,METRO PILLAR NO:742, UTTAM NAGAR,NEW DELHI
  • C/O SBI OKHLA BRANCH,233, INDUSTRIAL ESTATE PHASE III, NEW DELHI-110020
  • RAJAN BABU INSTITUTE FOR PULMONARY MEDICINE & TUBERCULOSIS, KINGSWAY CAMP, NEW DELHI-110009
  • JAWAHAR VYAPARA BHAWAN, TOLSTOY LANE, NEW DELHI – 110001
  • H-4 VARDHMAN NORTH EX PLAZA, 1ST FLOOR DISTT CENTRE, PITAMPURA, DELHI – 110034
  • SIDDHARTH EXTENSION BRANCH 136, BHAGWAN NAGAR OPP JIVAN NURSING HOME NEW DELHI 110014
  • JAWAHAR VYAPAR BHAWAN, 11 AND 12 FLOOR, 1, TOLSTOY MARG, NEW DELHI- 110 001
  • 16 CHAMAM SINGH PARK NEAR KIBRI PALACE NEW DELHI
  • FIRST FLOOR, PODIUM BLOCK, NEW DELHI 110001
  • SANSAD BHAWAN NEW DELHI PIN-110001
  • PLOT NO.7, K.P.BLOCK, COMMUNITY CENTRE, PITAMPURA, DELHI 110034
  • B-BLOCK GROUND FLOOR 11 PARLIAMENT STREET NEW DELHI
  • PLOT NO. 3, PSP INSTITUTIONAL AREA, SEC. 14 EXT. ROHNI DELHI
  • O BLOCK, DISTT DELHI, STATE DELHI, PIN 110041
  • KHASRA NO:350, BIJWASAN MAIN ROAD, NEAR GOLOKDHAM MANDIR, NEW DELHI
  • ALIGANJ, SHOP NO13,14 OLD SEWANAGAR MARKET PBNO3 KASTURBANAGAR NEW DELHI 110003
  • B2,C.BLOCK,COMMUNITYCENTRE,NARAINA.VIHAR,NEW.DELHI,PIN.110028

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Personal Loan Interest Rates July 2020
Fullerton India14.00% - 33.00%
HDFC Bank10.75% - 21.45%
ICICI Bank10.99% - 18.49%
IndusInd Bank11.25%
Kotak Bank10.99% - 20.99%
RBL17.50% - 24.00%
Standard Chartered Bank11.50% - 18.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates July 2020
Axis Bank7.75% - 8.55%
Bank of Baroda6.85% - 7.85%
Citibank8.20%
HDFC7.55% - 8.45%
ICICI Bank7.45% - 8.55%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank7.40% - 9.70%
LIC Housing7.40% - 8.85%
Piramal Capital & Housing Finance9.00% - 9.10%
PNB Housing Finance8.60% - 9.45%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI7.35% - 8.00%
Tata Capital9.20% - 9.35%