SBI Gold Loan in Noida

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

SBI is one of the nationalized banks in India with many happy customers. Many people trust SBI only when compared with other nationalized banks. It has always amazed its customers with services and loans. So, if anyone is interested to take a SBI Gold Loan in Noida then he must know all the details related to it. It is really difficult for a hand to mount individuals to live a happy life in Noida without any loan or debt. People prefer Gold Loans instead of a personal loan if they have enough gold in their homes. Therefore, you must explore each and every detail of the SBI gold loan and then apply accordingly.

Details of the Gold Loan from SBI in Noida

Types of Gold Loans Available in Noida from SBI

As you have seen the details of the SBI gold loan so it is clear that you have the options for 3 Gold Loans that are offered by the State Bank of India. You must go through all the types of SBI Gold Loan available in Noida.

Gold Loan:- In this option, you can take a loan against the gold for 3 years only. The bank will only give you 75% of the Gold value as the loan and 25% is kept as a margin because the value of the gold might decrease due to the market fluctuations. If you mortgage a gold having the value of ₹3 Lacs then you will get a loan of ₹225000 only.

Liquid Gold Loan:- In this option of the Gold Loan, the bank will give you a certain overdraft limit that you can borrow against the loan. But the interest will be only charged on the amount that you actually borrow from the bank and not on the amount permitted to be taken. Suppose the bank gives you a loan limit of ₹5 Lacs and you take ₹3 Lacs as a loan then the interest will be charged on the amount of ₹300000 and not ₹500000.

Bullet Repayment Gold Loan:- This option would be the best for the people of Noida who have the habit of clearing the loan before the tenure. The bank will give you tenure of 12 months if you choose this option. In this option, the interest will be charged only for the time period when the loan is taken and not for the whole tenure. Suppose you have taken a loan for the tenure of 12 months and you clear the loan in 3 months only then the interest chargeable will be for 3 months only.

Eligibility Criteria for the SBI Gold Loan in Noida

• 18 Years is the Minimum Age Required to take the SBI Gold Loan .
• A Single Applicant and as well as a co-applicant can take the Gold Loan.
• Individuals must a regular source of 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.

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 Noida

Individuals living in Noida have two options to apply for the SBI Gold Loan. Either they can apply online or visit the nearest SBI Branch in Noida. So, you can see the list of SBI bank branches in Noida.

• SECTOR – 2, NOIDA, UTTAR PRADESH – 20130
• NEPZ NOIDA BRANCH, PHASE 2, DIST GHAZIABAD
• SECTOR 18, DHARAM PALACE COMPLEX, GAUTAM BUDH NAGAR
• DIST GAUTAM BUDDHA NAGAR UTTAR PRADESH 203207
• LAGERSTROEMIA.SHOPPING.COMPLEX, INSTITUTIONAL.AREA, PHASE.I, GREATER.NOIDA
• GREATER NOIDA DISTT GAUTAM BUDDHA BAGAR UTTAR PRADESH 201306
• SECTOR 19, NOIDA, DISTT, GAUTAM BUDH NAGAR, UP, DIST GAUTAM BUDH NAGAR 201301
• SUPERTECH, NOIDA, DISTT, GAUTAM BUDH NAGAR, UP, DISTGAUTAM BUDH NAGAR 201304
• GAUTAM BUDDHA NAGAR UTTAR PRADESH 203207
• C 56 BY 34 SECTOR 62 NOIDA 201301
• OONACHA AMIRPUR, P.O.DADRI, VIDYUT NAGAR, GHAZIABAD PIN – 201008
• DIST GAUTAM BUDDHA NAGAR STATE UTTAR PRADESH
• PLOT NO G17, SECTOR 39 NOIDA UP
• A – 358, SECTOR – 19, NOIDA – 201301, DISTRICT: GAUTAM BUDH NAGAR, UP
• NOIDA, A – 11, SECTOR 35, NOIDA, DISTT, GAUTAM BUDH NAGAR, (U.P.) – 201301
• E – 105, SECTOR – 48, NOIDA, DISTT, GAUTAM BUDH NAGAR, (U.P.) – 201301
• D – 158, SECTOR – 7, NOIDA, DISTT, (U.P.), DIST: GAUTAM BUDH NAGAR – 201301
• H – 1A/39, SECTOR 63 NOIDA, NOIDA, DISTT GAUTAM BUDH NAGAR, (U.P.) – 201301
• E48, SECTOR.55, NOIDA, U.P., DIST: GAUTAM BUDH NAGAR 201301
• 2B, SECTOR.126, NOIDA, U.P., DIST: GAUTAM BUDH NAGAR 201301
• NOIDA, B – 94, SECTOR – 52, NOIDA, DISTT, GAUTAM BUDH NAGAR, (U.P.) – 201301
• SECTOR.30, B – 19, SECTOR 30, NOIDA, DISTT, GAUTAM BUDH NAGAR, (U.P.) – 201301
• SEC – 126, NOIDA, DIST: GAUTAM BUDH NAGAR – 201301
• A – 10, SECTOR 19, NOIDA, UP, DIST:NOIDA – 201301
• A-36, SECTOR-26, NOIDA DIST.GAUTAMBUDH NAGAR, UTTAR PRADESH-201301