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SBI Gold Loan in Hyderabad

Highlights

  • See all the details of the SBI Gold Loan in Hyderabad.
  • Visit the Nearest SBI Branch in Hyderabad or apply online.
  • See the Rate of Interest, Tenure, and the types of loans from SBI.

Most of the individuals prefer taking a Gold Loan instead of any other loan because Gold Loans are available at a low rate of interest. On the other hand, they have enough gold at home that they can mortgage to take a loan. There are some families in Hyderabad who find it difficult to fulfill their dreams without any debt or loan. Therefore the Gold is the best option for them. If you are interested to take a loan then you must go through the SBI Gold in Hyderabad. It is available at an interest rate of 7.50% and there are three options for the SBI Gold Loan. You must go through all the details of the SBI Gold Loan and then apply accordingly.

Options for the SBI Gold Loan

The State Bank of India offers three types of loans under its Gold Loan Scheme. All the options have different features according to which you can apply for the loan.

Gold Loan

  • This Gold Loan is given for a maximum tenure of 3 years.
  • You will get 75% of the Gold Value as the loan and the bank will keep 25% as a margin.
  • 7.50% is the interest rate charged on this loan.
  • If you have kept the Gold as security having a value of ₹1 Lacs then you will get only ₹75 Thousand as a loan.

Liquid Gold Loan

  • In this option, the bank will sanction a certain overdraft limit as a loan
  • The bank will charge interest only on the borrowed amount and not on the limit sanctioned by the bank.
  • The rate of interest on this loan is 7.50% per annum.
  • If you borrow ₹2 Lacs only and your limit is ₹5 Lacs then the interest will be charged on ₹2 Lacs. 
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Bullet Repayment Gold Loan

  • The bank gives you the option to prepay the loan before the expiry of the tenure.
  • The interest will be charged for the period only when the loan is borrowed andfor the tenure given by the bank.
  • Maximum tenure allowed in this option is of 12 months.
  • 7.50% is the rate of interest chargeable in this option by SBI.
  • Suppose your tenure is for 12 months and you repay the SBI Gold Loan in 4 months then the bank will charge interest for 4 months only.

Gold Loan from SBI in Hyderabad Interest, Tenure, Loan Amount

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 SBI Gold Loan in Hyderabad

  • A Minimum Age of 18 Years is required to take the Loan.
  • A co-applicant and a Single Applicant can take the loan.
  • A regular income is needed so that the individual can repay the loan.
  • Bills of all the Gold items and ornaments that are mortgaged must be shown 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
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SBI Gold Loan Branches in Hyderabad

If you find that this loan would be suitable for you in Hyderabad then you can visit the nearest branch and apply for the loan. On the other hand, you can also fill-up the form given above and the bank representative will give you a call. So if you want to apply for the loan by visiting the branch then you must see the SBI Gold Loan Branches in Hyderabad.

  • BANK STREET, KOTI, HYDERABAD, ANDHRA PRADESH 500095
  • 3RD FLOOR, NER SURYALOK, D NO 5 – 9 – 300, GUNFOUNDRY HYDERABAD, PIN – 500001
  • H NO.5 – 7 – 214 STREET NO.3 AGAPURA HYDERABAD 500001
  • 20 – 6 – 479 BY 1, OPP.CLOCK TOWER, SHAH ALI BANDA, HYDERABAD
  • AMBER PET SHIVAM ROAD HYDERABAD, ANDHRA PRADESH, PIN – 500013
  • ROAD NO.12, HYDERABAD, HYDERABAD, HYDERABAD,
  • BARKAS, KESHOGARI POST, HYDERABAD, AP, PIN – 500005
  • 3 – 4 – 769, YRS RESIDENCY, BARKATPURA CHAMAN, HYDERABAD, AP, PIN – 500027
  • 1ST FLOOR, BALAPUR X ROADS, MEERPET, HYDERABAD 500079, RANGAREDDY DIST, A P
  • KANCHAN BAGH CROSS RD, CHANDRAYANAGUTTA, HYDERABAD, AP 500058
  • INDUSTRIAL ESTATE, ROAD NO 1, BAHADURPURA, HYDERABAD
  • H.NO.22 – 7 – 110 TO 115, II FLOOR, 142 – 146, SYG SHOPPING COMPLEX, PATHERGATTI, 500002
  • 5 – 8 – 512, ABIDS SHOPPING CENTRE, JAGDISH SHOPPING CENTRE HYDERABAD, ANDHRA PRADESH, PIN – 500001
  • P.O.SAIDABAD, D.NO.17 – 1 – 182 BY 15, I S SADAN X ROADS SANTHOSH NAGAR, HYDERABAD
  • POST BAG NO.6, ROAD NO.2, JAMBHAG ROAD OPP TELEPHONE EXCHANGE, HYDERABAD, 500012
  • LATHA TALKIES COMPLEX, NAMPALLY, HYDERABAD, PIN – 500001
  • OPP MOTI MARKET, KOTI, HYDERABAD, AP, 500027, PIN – 500027
  • NEAR TAPPACHABUTRA, POLICE STATION, HYDERABAD, AP, PIN – 500067
  • PROGRESSIVE TOWERS, HYDERABAD, KHAIRATABAD HYDERABAD, ANDHRA PRADESH, PIN – 500004
  • DOOR NO.4 – 1 – 1227, KING KOTHI HYDERABAD, AP, PIN – 500001
  • GOLKONDA POST HYDERABAD, ANDHRA PRADESH, PIN – 500008
  • H.N.22 – 3 – 373, NEAR MIR CHOWK POLICE STN, MIR ALAM MANDI, HYDERABAD, ANDHRA PRADESH, PIN – 500002
  • P.B.NO.3, HIMAYATNAGAR P.O. D NO 3 – 4 – 646 OPP.DEEPAK MAHAL, HYDERABAD
  • VIJAYNAGAR COLONY, HYDERABAD, HYDERABAD, PIN – 500457
  • OSMANGANJ M.G.ROAD, SHERJA GATE HYDERABAD, ANDHRA PRADESH 500195
  • APIDC BLDG, BASHEER BAGH ROAD HYDERABAD, HYDERABAD, 500029
  • POST BAG NO.11, H.NO.11 – 5 – 460 BY 1, HYDERABAD, 500004
  • HACA BHAVAN, OPP. TO ASSEMBLY SAIFABAD, HYDERABAD, A.P., PIN – 500004
  • POST BAG NO.3, HYDERABAD ANDHRA PRADESH 500053
  • NO.12 – 10 – 586, VIDYANAGAR, HYDERABAD, HYDERABAD, ANDHRA PRADESH, PIN – 500044
  • 1 – 1 – 78 PATNY CIRCLE, ADJ. GENERAL POST OFFICE, DISTT. HYDERABAD, AP 500003
  • SANJEEVAREDDY NAGAR MAIN ROAD HYDERABAD, ANDHRA PRADESH 500038, PIN – 500038
  • NARSAPUR CROSS RD., WARD NO.16, BALANAGAR, HYDERABAD, RANGAREDDY

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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%
HDFC6.95% - 8.00%
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/SBI6.95% - 7.60%
Tata Capital9.20% - 9.35%