SBI Gold Loan in Gurgaon

Last Updated : June 18, 2020, 6:48 p.m.

Gurgaon is one of the expensive cities of the whole national capital region. The standard of living is quite high and it not easy for many individuals to fulfill their dreams without any debt or loan. But every individual is not lucky enough to get a Personal Loan at the time of an emergency therefore they prefer a Gold Loan. You can take a gold loan by mortgaging the gold with the bank. Have a look at the SBI Gold Loan in Gurgaon that is available at a starting rate of interest of 7.50%. You can use your gold ornaments and jewelry to take a loan and the documentation process is also quite light. Let’s see the details of the Gold Loan from SBI.

Types of Gold Loan from SBI in Gurgaon

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

Gold Loan:- This is a simple Gold Loan in which the loan is given against the gold you mortgage and you will get a repayment period for 3 years. But the value of the Loan will not be equivalent to the market value of the Gold. You will get a loan of 75% of the gold value because the bank keeps 25% as the margin. Suppose you have mortgaged the gold with a value of ₹2 lacs then you will get a gold loan of ₹1.5 Lacs.

Liquid Gold Loan:- In the Liquid Gold Loan, the bank will only charge interest on the loan amount that is actually borrowed by you and not charge interest on the amount that is permitted by the bank. Suppose the bank gives you an overdraft limit of ₹5 lacs and you only take a loan of ₹2 lacs then the interest on the amount of ₹1 Lac will be charged.

Bullet Repayment Gold Loan:- People living in Gurgaon having the habit of prepaying the loan can take this loan. The tenure for this loan is only for 1 year and if you prepay the loan before one year, the interest will be charged for the number of months you have the loan. If you have taken a Gold Loan in Gurgaon for 12 months and you clear the loan within 5 months then the interest will be charged for only 5 months.

Details of the SBI Gold Loan in Gurgaon

Eligibility Criteria in Gurgaon to take SBI Gold Loan

• 18 Years is the Minimum Age needed to take the SBI Gold Loan .
• A Single Applicant and as a co-applicant can take the SBI Gold Loan in Gurgaon.
• Individual must a regular income but it is not necessary to submit any document proof.
• Receipts of all the Gold items must be present to the bank against which the loan is taken.

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 Gurgaon

• MEHRAULI ROAD GURGAON
• PLOT 364, PHASE II, UDYOG VIHAR DUNDAHERA, GURGAON, HARYANA, PIN 122006
• NEW COLONY, GURGAON, HARYANA, PIN 122001
• PALM COURT, 6TH FLOOR, 2014, MEHRAULI GURGAON RD., GURGAON, HARYANA, PIN 122001
• BADSHAHPUR, DT.GURGAON, HARYANA, PIN.122101.
• MANESAR GURGAON, HARYANA, PIN 122001
• FIRST INDIA PLACE VATIKAM G ROAD, GURGAON, PIN – 160001
• 90 A SECTOR 18 UDYOG VIHAR, GURGAON, PIN – 122015
• 05 B UNITECH TRADE CENTRE, SUSHANT, LOK PHASE 1, GURGAON – HARYANA, PIN – 122002
• 510 BY 18 KHANDASA ROAD, GURGAON 122001
• LG – 03 – 04 MOULSARI ARCAD, EDLF PHASE III, GURGAON, PIN – 122002
• 45, 46, 47, 48 AND 49 SECTOR 53 CENTUM PLAZA GURGAON
• S 3, 4 AND 5 B BLOCK COMMERCIAL MARKET SOUTH CITY II GURGAON HARYANA 122001
• SCO NO45, SECTOR31, GURGAON, Dist GURGAON, HARYANA 122002
• SCO NO 19, SECTOR15, PART2, Dist GURGAON, GURGAON HARYANA, HARYANA 122001
• PLOT 77 SECTOR 18 GURGAON
• 19, HOUSING BOARD COLONY JHANSA ROAD SECTOR 15 GURGAON 122001 HARYANA.
• SCO – 25, SECTOR 14, OLD DELHI ROAD, GURGAON – 122201
• C/O SBI M R GURGAON BRANCH, MEHRAULI ROAD, GURGAON – HARYANA, DIST: GURGAON – 122001
• RBO OFFICE GURGAON, DLF QUTUB ENCLAVE, GURGAON – 122002
• G-10, SEVA CORPORATE PARK, M G ROAD, GURGAON, HARYANA, 122002
• GROUND FLOOR, AMRAPALI COMMERCIAL COMPLEX, J- BLOCK, SECTOR-2, IMT MANESAR, DISTT. GURGAON. HARYANA – 122050
• G-008, SUNCITY BUSINESS TOWERS, GOLF COURSE ROAD, SECTOR-54 GURGAON, HARYANA -122002
• UID 45-71-14, WARD NO. 14, NEAR CHINTPURNI MANDIR, RAILWAY ROAD, GURGAON, HARYANA- 122001
• SCO 81 & 82, HUDA MARKET, SECTOR- 10 A, GURGAON, DISTT.GURGAON. HARYANA-122001
• 483, NEW RAILWAY ROAD, OPP: BAJAJ SHOWROOM, GURGAON, DISTT. GURGAON. HARYANA-122001
• SECTOR- 53, GURGAON, UNIT NO. 3 & 4, VERITAS BUSINESS SUIT, SECTOR- 53, DISTT: GURGAON. HARYANA-122002
• UNIT NO 1& 2, GROUND FLOOR, TOWER-A, SUPPORT AREA MEDI CITY, SECTOR-38, DIST: GURGAON. HARYANA-122001
• UNIT NO. 6A, 7 & 8, SILVERTON TOWER, GOLF COURSE EXTENSION, GURGAON, DISTT.GURGAON. HARYANA-122101
• DELHI ALWAR HIGHWAY, SOHNA, GURGAON DISTT.GURGAON.HARYANA 122103
• GROUP CENTRE CRPF KADARPUR VILLAGEKADARPUR DISTT. GURGAON. HARYANA 122101
• SHOP NO.35, 36, 37. DLF CITY COURT, SIKANDERPUR, T.GURGAON. HARYANA 122101
• SHOP NO.35, 36, 37. DLF CITY COURT, SIKANDERPUR, T.GURGAON. HARYANA 122101
• C BLOCK BUSINESS ZONE, NEAR SOUTH CITY-II, SECTOR-49-50, NIRVANA COUNTRY, GURGAON, DIST.GURGAON, HARYANA-122002
• DLF CROSS POINT, DLF PHASE-IV, GALLERIA MARKET, GURGAON, DIST.GURGAON, HARYANA-122002