Syndicate Bank Gold Loan

Gold Loan at 7.15% p.a

Apply & Get Instant Money

Syndicate Bank Gold Loan Key Features – Apply Now!

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

Advantages of Syndicate Bank Gold Loan

  • Fast Process: The Syndicate Bank Gold Loan is quickly accepted and paid out. The loan is only an hour away. 
  • Minimal Documents: The process of Syndicate Bank Gold Loan documentation is simple and only necessary documents are required 
  • Transparent System: The client is given full clarity; there are no secret charges. 
  • Loan Sum: Rs. 15000 is the minimum amount of loan given to the client. In rural areas, Rs 10,000 may also be the smallest number.
  • Jewellery protection: The Syndicate Bank is responsible for the safety of your jewellery. The gold is therefore presented with fireproof protection. 
  • Loan tenure: The loan is issued for a term of between 3 months and 2 years. 
  • Benefits for farmers: some special deals for agricultural purposes are prepared by the Syndicate Bank. Low Gold Loan rate square measure supplied for agricultural uses. 
  • No financial gain bounds: there are not any limitations on the wage of the customer. Hence, candidates with any wage gain level will avail a gold loan.
  • No Debt Burden: If the mortal is not able to pay the loan sum in any case, the mortal is not going to be under debt.

How much Gold Loan can I Get through Syndicate Bank Gold Loan

Syndicate 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

Syndicate Bank Gold Loan Eligibility 

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Syndicate 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)

Syndicate 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 Syndicate Bank Gold Loan

Uncertainties are an aspect of life. So, we have a propensity to just want cash in order to overcome all the money obstacles in your life. Where gold loans play an important role in combating the money crisis, individuals with a low CIBIL score can have easy access to the current service. One of the best Indian gold loans is the Syndicate Bank Gold Loan.

Nevertheless, the gold loan is used by a variety of financial banking and non-banking firms, but the Syndicate Bank Gold Loan is considered the strongest one. Syndicate Bank is renowned for its brilliant financial services, as it is one of India’s most respected and trusted banks.

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

Types of Syndicate Bank Gold Loan

Syndicate Bank provides different schemes attached to the Gold Loan product. Schemes are as follows:

  • Loan Against Gold- Syndicate Bank offers gold loans at an attractive interest rate that can meet the direct need for funds for any personal or professional purpose. Gold Loan is a fully secured form of loan wherever the bank has no risk within the amount of cash available to the loan borrower at a lower interest rate compared to the opposite varieties of loan merchandise. 
  • Loan Against Gold for Agriculture- Farmers in particular for agricultural purposes Syndicate Bank Avails a special interest rate on gold loans compared to gold loans given for other uses. In particular, offers are open, and the bank would also like the land evidence on that basis that the loan seekers apply for a loan.

Syndicate 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 Syndicate Bank Gold Loan EMI?

Syndicate Bank Gold Advance can be compensated in the different subsequent ways:

  • Standing Instruction (SI): If you are a presently an account holder with Syndicate Bank currently, then Standing Instructions is the most opted method of compensation. Toward the end of the month period, the EMI amount will be credited from the applicant’s Syndicate Bank account the applicant shows.
  • Electronic Clearing Service (ECS): This programme is for the applicants who have a non-Syndicate Bank record, and the EMIs need to be debited simultaneously at the end of the month cycle from the account.
  • Post-Dated Checks (PDC): The applicant can show post-dated EMI examine from the non-Syndicate Bank statement at your nearby Syndicate Bank Loan Center. Instantly, the restructure of PDCs ought to be bestowed. For perfect condition, it’s suggested to notice Post Dated Checks which can be collected non-ECS states because it was.

Syndicate Bank Gold Loan Contact Number

To receive instant assistance and approval for your Syndicate Bank Gold Loan, call 9878981144. To use the best deal relevant to your needs, you can understand the best deals on Gold Loan available from all Syndicate Bank branches across the country.

Gold Ornaments Accepted by Syndicate Bank

  • Gold Jewellery like Gold Bangles, Gold rings, Gold Lockets, Gold anklets, Gold Necklaces etc. are all accepted by Syndicate Bank for seeking Gold Loan.
  • Quality: the strength or quality of Gold should be within 18 to 22 Carat. Any Gold Ornaments of 24 carats cannot be used to avail Gold Loan.

Use of Syndicate Bank Gold Loan

The fund that is obtained by Syndicate Bank Gold Loan services can be used for several purposes:

  • Fund for any explicit investments like hiking, matrimony, instalment of higher studies fees payment, etc.
  • Loan services measure obtainable for promoting needs like getting contemporary provide, developing promoting,sales, marketing etc.
  • Additional Gold Loan also can be granted for horizontal ideas. The bank provides a lesser rate of interest for Gold Loans that are available for farming or farming-related projects.

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 Syndicate Bank Gold Loan

  • What is Syndicate Bank Gold Loan?

Syndicate Bank Gold Loan may be a loan theme wherever you’ll access for any emergency monetary facilitate by keeping your gold as a guarantee with the bank. It comes with participating interest rates on Term Loan, the order of payment and EMI primarily based loan. Average Gold Loan disbursal time is simply 45 minutes.

  • How can I get the Gold Loan from the Syndicate Bank? 

You can get Syndicate Bank Gold Loan by being to any nearby Gold Loan offering branch. Even you can access to Gold Loan online with BestLoanDeal from anywhere and get the best deals and offers.

  • What is Gold Loan Interest Rate in Syndicate Bank?

The Gold Loan rate of interest in Syndicate Bank is 7.15% every year. The speed of interest depends on varied criteria, namely: loan quantity, loan tenure, purity of gold etc.

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

The value of per gram Gold Loan strictly depends on the purity and quality of the gold. Syndicate Bank believes gold purity between 18 to 22 carats to supply a Gold Loan. you’ll avail up to Rs. 5,293 per gram in Syndicate Bank of India Gold Loan.

  • How to check Gold Loan status in Syndicate Bank?

To check the standing of Syndicate Bank Gold Loan, you’ll be able to visit Syndicate Bank Loan hunter. Mention your options within the provided application. This may simply assist you to trace the standing of your loan from anyplace at any time and keeps you updated.

  • How to calculate Gold Loan Interest in Syndicate Bank?

Syndicate Bank Gold Loan interest is often calculated victimization BestLoanDeal’s EMI Calculator. It provides you with the correct details supported the data the person enters within the calculator.

  • How to Pay Syndicate Bank Gold Loan Interest Online?

Syndicate Bank Gold Loan interest can be paid through net banking on the official Syndicate Bank loan repayment web page or alternatively. Another mode Paytm can also be used to repay Syndicate Bank Gold Loan or your preferred payment method.

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

If the interest isn’t paid back for three months, then ab initio a reminder is given for your unfinished dues. After this, if the payment requests go neglected or inaudible, then an official legal notice is shipped, that demands the compensation and closure of the loan. Such defaults on your Gold Loan lands up in an exceedingly decrease of your credit score and additionally cause you to respond to face legal actions by the bank which can embrace arrogation and auction of your gold.

  • How can I apply for EMI Moratorium on Syndicate Bank Gold Loan?

You can apply for EMI Moratorium on Syndicate Bank Gold Loan between 1st March and 31st August 2020. You can get it done by contacting the Bank Customer Care or visiting the nearby Syndicate Bank branch.