South Indian Bank Gold Loan

Gold Loan at 7.15% p.a

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South Indian Bank Gold Loan Key Features – Apply Now!

South Indian Bank Gold Loan Interest Rate 7.15% per annum
South Indian Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,293
South Indian Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
South Indian Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
South Indian Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
South Indian Bank Gold Loan Repayment Tenure 3 Months to 24 Months
South Indian Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of South Indian Bank Gold Loan:

  • Active Mechanism: South Indian Bank contributes the loan straight away. The credit is received in an hour.
  • Lesser Documents: Necessary documents are required by the South Indian bank to ease the process.
  • Vitreous Structure: The South Indian Bank does not take any covered charges. The bank offers a clear and direct service.
  • Amount of Loan: The loan amount changes for the people belonging to rural and urban civil areas from 15000 to 10000, respectively.
  • Safety of Jewellery: Well-baing of the decorations is mandatory and the authority of the bank.
  • Loan Tenure: The term in which loans are given to the clients of South Indian Bank is from 3 months to 2 years. It is on the applicants when they need the loan.
  • Benefits for Farmers: South Indian Bank advance many unusual benefits to the farmers along with the sanctioning of a loan at a lowers rate of interest.
  • No Debt Burden: If such situations exist where the candidates will not be able to repay the due amount but taking the stress of being under debts does not solve the problem. Thus, the South Indian bank will keep the jewels of gold with them till they return the amount.
  • No Income Bonds: South Indian Bank allows every other individual to avail of a gold loan. Income restrictions are not seen.

How Much Gold Loan can I Get through South Indian Bank Gold Loan:

South Indian Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

South Indian Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

South Indian Bank Gold Loan Documents Required:

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

South Indian Bank Gold Loan Interest Rate, Fees, and Charges:

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

About South Indian Bank Gold Loan:

South Indian Bank presents gold loan service to the requisites and helps them in overcoming from the financial crisis. The bank offers such outstanding and advantageous financing services that surely help the loan applicants in some or the other way. No customers get disappointed by the South Indian Bank service and eagerly wait for the opportunity to get a loan from the respective bank.

  • South Indian Bank  Gold Loan Interest Rate is7.15% per annum
  • South Indian Bank Gold Loan Per Gram is ₹5,293
  • South Indian Bank Gold Loan Tenure: Up to 24 months
  • South Indian Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of South Indian Bank Gold Loan:

  • Loan Against Gold – South Indian Bank Gold Loan give an allowance of loan for personal and experts needs. Gold Loan is a loan of trust that is given to the applicants at a minimum banking rate as compared to other loans. Consequently, the bank shows no concern in giving a handsome amount to the clients.
  • Loan Against Gold for Agriculture – South Indian Bank provides Gold Loans to the cultivators at a low-interest rate in addition to some unusual profits contrary to other groups of loans used for different purposes. The bank asks for land proofs for the loan they are asking.

South Indian Bank Gold Loan EMI Calculator:

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your South Indian Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are a current account holder with South Indian Bank, Standing Instruction is the ideal method of reimbursement. Monthly, your EMI amount will be ascribed to the South Indian Bank account you show.
  • Electronic Clearing Service (ECS): This process can be applied if you have a non-South Indian Bank record and might need your EMIs to be charged monthly from this account.
  • Post-Dated Checks (PDC): You can show post-dated EMI analyzes from a non-South Indian Bank statement at your closest South Indian Bank Loan Center. A new version of PDCs should be presented immediately.

South Indian Bank Gold Loan Contact Number

Call 9878981144 and get second assistance about South Indian Bank Gold Loan and the offers proposed by it.

Gold Ornaments Accepted by South Indian Bank:

  • Gold Jewellery:  Like, Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are accepted by South Indian Bank for availing a Gold Loan.
  • Quality: The quality of gold should be between 18 Carat to 22 Carat. Any gold ornament, which is 24 Carat, is not allowed for availing a gold loan.

Use of South Indian Bank Gold Loan:

The funds gained by availing the South Indian Bank Gold Loan service can be taken in usage for various activities-

  • For example, experiencing individual desires of climbing, travelling, etc.; or for spending the amount for funding education, medical fees.
  • The available amount can do marketing or retailing associated activities.
  • Agriculturalists can make the proper use of the fund obtained from the South Indian Bank.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.15% – 14.50%

ICICI Gold Loan

7.15% – 16.10%
Muthoot Finance Gold Loan

7.15% – 24.00%

Axis Bank Gold Loan

7.15% – 17.00%
Manappuram Gold Loan

7.15% – 26.00%

Yes Bank Gold Loan

7.15% – 15.99%
Bank of India Gold Loan

7.15% – 26.00%

Federal Bank Gold Loan 

7.15% – 13.50%
IIFL Gold Loan

7.15% – 12.00%

Central Bank of India Gold Loan

7.15% – 14.65%

Canara Bank Gold Loan

7.15% – 12.65%

Allahabad Bank Gold Loan

7.15% – 10.45%

Induslnd Bank Gold Loan

7.15% – 15.75%
PNB Gold Loan

7.15% – 11.75%

Bajaj Finance Gold Loan

7.15% – 26%
SBI Gold Loan

7.15% – 15.99%

Indian Bank Gold Loan

7.15% – 15.99%
UCO Bank Gold Loan

7.15% – 26.00%

Kotak Mahindra Bank Gold Loan

7.15% – 13.50%
Syndicate Bank Gold Loan

7.15% – 12.00%

 

FAQs About South Indian Bank Gold Loan

  • What is the South Indian Bank Gold Loan?

The South Indian Bank is a banking institution that provides a gold loan to its customers at a reasonable interest rate, in exchange for gold.

  • How can I get the Gold Loan from the South Indian Bank?

Get the gold loan from the South Indian Bank by visiting the nearest branch of the respective bank, or you can also apply for it online at BestLoanDeal.

  • What is the Gold Loan Interest Rate in South Indian Bank?

The Gold Loan Interest Rate in South Indian Bank is 7.15% per annum.

  • How much Gold Loan can I get per gram in South Indian Bank?

You can profit up to ₹ 5,293 Per Gram in South Indian Bank Gold Loan.

  • How to check Gold Loan status in the South Indian Bank?

The customers can view the gold loan status by visiting the neighbouring branch of the South Indian Bank or by following the tracker webpage and fill the given details.

  • How to calculate Gold Loan Interest in the South Indian Bank?

The EMI calculator can calculate accurate figures of gold loan interest in the South Indian Bank.

  • How to Pay South Indian Bank Gold Loan Interest Online?

You can pay South Indian Bank Gold Loan interest online through net banking on the formal South Indian Bank loan compensation home page or by choice. You can also repay your South Indian Bank Gold Loan on Paytm.

  • What if I can’t pay the interest on the South Indian Bank Loan for 3 months?

In case, repayment process of the interest on the South Indian Bank for three months is not over then you will be asked for the repayment, and still if the hearing goes unheard, then the bank will be forced to step up for lawful activities.

  • How can I apply for EMI Moratorium on the South Indian Bank Gold Loan?

You can apply for EMI Moratorium on South Indian Bank Gold Loan now between first March and 31st August 2020. It should be concluded by calling the customer care of the bank or visiting the closest South Indian Bank office.