State Bank of Mysore Gold Loan

Gold Loan at 7.15% p.a

Apply & Get Instant Money

State Bank of Mysore Gold Loan Key Features

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

Advantages of State Bank of Mysore Gold Loan

  • Fast Procedure: You can get a Gold Loan from State Bank of Mysore certainly and in a timely fashion without any hurdles. The loan gets regularly occurring in only 60 minutes.
  • Fewer Documents: The documentation manner is constant right here; fewer documents are quintessential for the gold mortgage in State Bank of Mysore.
  • Transparent System: The State Bank of Mysore gives complete transparency to their consumer; and this is, there aren’t any unidentified costs.
  • Amount of Loan: The least quantity of mortgage that State Bank of Mysore can provide to their customer is Rs. 15,000. And, in rural sectors, it could be much less than Rs 10,000.
  • Safety of Jewellery: One vital component to the word is that the bank takes the real trepidation for the safety of your gold. After this, they kept the gold in fireplace-proof safety.
  • Loan Tenancy: The time-length of the Gold mortgage in State Bank of Mysore may be from three months to two years. After this, you could choose your luxurious consequently.
  • Profits for Agriculturalists: State Bank of Mysore gives a few special offers for farming functions. State Bank of Mysore provides a nominal Gold Loan interest price for agronomic functions.
  • No Debt Issue: There may be a situation like in which if an applicant isn’t able to pay off the amount of loan, in that instance the applicant will no longer be under any money owed because the bank will only take hold of the applicant’s ornaments.
  • No Income margins: There are no regulations on the salary or income of the applicant; henceforward, all of us with any profits range can observe for a gold loan in State Bank of Mysore.

How Much Gold Loan can I Get through State Bank of Mysore Gold Loan?

State Bank of Mysore 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

 

State Bank of Mysore Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

State Bank of Mysore 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)

 

State Bank of Mysore 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 State Bank of Mysore Gold Loan

Life is full of worries and fears. Consequently, you could want cash to combat financial issues for your lifestyles. In that case, you may get a Gold Loan from State Bank of Mysore to combat with the monetary emergency. A gold mortgage is a safe loan. After, the human beings with a shortened CIBIL score also can indeed observe for this provider.

However, there is lots of money banking and non-banking agencies that could offer you with the gold loan; however, Gold Loan is considered the best. State Bank of Mysore came into lifestyles in 1913. It is one of the most apparent and chronic banks in India. Also, it’s far recognized for its sturdy economic functions. Here the transactions are very comfortable.

  • State Bank of Mysore Gold Loan Interest Rate is 7.15% per annum
  • State Bank of Mysore Gold Loan Per Gram is ₹ 5,293
  • State Bank of Mysore Gold Loan Tenure: Up to 24 months
  • State Bank of Mysore Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST

Types of State Bank of Mysore Gold Loan

State Bank of Mysore offers a few plans associated with the Gold Loan object which might be listed underneath:

  • Loan Against Gold – State Bank of Mysore gives Gold Loan at thrilling steps which can be essential to meet absolutely everyone’s critical need of belongings for any reason whether man or woman or professional. The gold credit score is a truly made particular approximately sort of loans. Then, the bank has no difficulty in giving the entirety to the applicant, so it is given at a slower step of excellent while co-associated with distinct forms of Loan items.
  • Loan Against Gold for the Farming enterprise – State Bank of Mysore gives Gold Loans without a doubt to farming industry purposes to farmers at an unprecedented step of interest when related to gold loans given for distinct feasibility. They are given one of a kind gives and at the factor taking the loan you have to give the financial institution your Property evidence.

State Bank of Mysore 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 State Bank of Mysore Gold Loan EMI?

  • Standing Instruction (SI): If you are recently account holder with State Bank of Mysore, Standing Instruction is an exceptionally dependable manner to pay. Your EMI entirety may be credited mechanically on the way to the month’s end to month time body from the State Bank of Mysore account you display.
  • Electronic Clearing Service (ECS): The program may be beneficial inside the incident which you have a non – State Bank of Mysore and can want your EMIs to be charged as a result near the extreme restrict of the month to month cycle from this report.
  • Post-Dated Checks (PDC): You can present put up-dated EMI investigations from a non-State Bank of Mysore account at your nearest State Bank of Mysore Loan Centre. Another method of PDCs must be available in a unique way. It may be extraordinary in the prevalence that you notice Post Dated Checks will be accrued non-ECS states commonly talking.

State Bank of Mysore Gold Loan Contact Number

Call 9878981144 and get short aid and agreement in your State Bank of Mysore Gold Loan. You can now recognise the top rate proposals on Gold Loan to be had from all of the State Bank of Mysore Branches in all around India. To advantage the pinnacle deal correlated according to your necessities.

Gold Ornaments Accepted by State Bank of Mysore

  • Gold Jewelry – Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. All of those is permitted by using State Bank of Mysore for availing a Gold Loan.
  • Quality – The first-class of gold ought to be in between of 18 Carat to 22 Carat. Any gold ornament that is 24 Carat can’t be used for a gold loan.

Use of State Bank of Mysore Gold Loan

The assets substantial via availing the State Bank of Mysore Gold Loan facility which can be used for copious functions like:

  • To fund any specific hoards consisting of a marriage, mountain climbing, instalment of better training fees, and so on.
  • For all your advertising and marketing necessities, together with procuring new deliver, developing advertising and marketing, and so forth., the mortgage facility is available.
  • You also can observe for Gold Loan for farming ideas. The bank offers nominal prices of interest for Gold Loans that are used for agriculture or associated plans.

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 State Bank of Mysore Gold Loan

  • What is State Bank of Mysore Gold Loan?

State Bank of Mysore Gold Loan is a loan device that you can apply for urgent economic assist with the aid of retaining your gold as protection with the financial institution. They also deliver with right interest prices on Term Loan, Overdraft, and EMI based totally mortgage. Customary Gold Loan disbursement time at State Bank of Mysore is simply forty-five minutes.

  • How can I get the Gold Loan from State Bank of Mysore?

You can fluently get the State Bank of Mysore Gold Loan via travelling any of the gold mortgage offering branches of State Bank of Mysore. You could follow on-line with BestloanDeals through just sitting at your private home and get the fair offers and offers.

  • What is the Gold Loan Interest Rate in State Bank of Mysore?

The Gold Loan interest rate in State Bank of Mysore is 7.15% per annum. The rate of interest is subject to many factors, namely: loan amount, loan time-periods, purity of gold, and association with State Bank of Mysore.

  • How much Gold Loan can I get per gram in State Bank of Mysore?

The per gram Gold Loan in State Bank of Mysore that you can get depends on the purity of your gold. State Bank of Mysore decided to take the gold of purity between 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,293 Per Gram in State Bank of Mysore Gold Loan.

  • How to check Gold Loan status in State Bank of Mysore?

To take a look at your State Bank of Mysore Gold Loan reputation all, you want to do is, visit the State Bank of Mysore Loan Status Tracker web page and fill your details inside the shape given there. You can check it from anywhere and stay updated.

  • How to calculate Gold Loan Interest in State Bank of Mysore?

You can calculate the interest to your State Bank of Mysore Gold Loan the use of BestloanDeals EMI Calculator which offers you blanketed amounts based on the info you enter into the calculator.

  • How to Pay State Bank of Mysore Gold Loan Interest Online?

You will pay State Bank of Mysore Loan interest online through internet banking on the authentic State Bank of Mysore mortgage compensation using the internet web page. Otherwise, you may also refund your State Bank of Mysore Gold Loan on Paytm using your preferred price technique.

  • What if I can’t pay the interest on State Bank of Mysore Gold Loan for 3 months?

If you do not pay your Gold Loan for three months, first of all, the financial institution will remind you of your inadequate payments. And after that, If the price requests go not noted an endorsed criminal word is sent disturbing the reimbursement to finish the loan. Non-payment to your Gold Loan will lead to a decreasing in your credit score score and additionally makes you legally accountable to face prison moves by using the financial institution in addition to repossession and auction of your gold.

  • How can I apply for EMI Moratorium on State Bank of Mysore Gold Loan?

You can apply now for an EMI Moratorium on State Bank of Mysore Gold Loan among 1st March and 31st August 2020 and has to be carried out via speaking the Bank’s consumer care or through travelling the nearest State Bank of Mysore branch.