What are the key benefits of SBI Credit Cards?

SBI Credit Cards offer a wide range of benefits, including rewards, cashback, lounge access, discounts, and insurance coverage.

How can I apply for an SBI Credit Card?

You can apply for an SBI Credit Card online through the Paisabazaar platform, where you can compare card options and check for pre-approved offers.

What factors should I consider when choosing an SBI Credit Card?

Consider your spending habits, lifestyle, and financial goals to select a card that best suits your needs, such as travel, shopping, or rewards.

How can I manage my SBI Credit Card efficiently?

SBI Card offers a user-friendly mobile app and online banking services to help you manage your card, check statements, make payments, and access additional features.

What precautions should I take to avoid accumulating credit card debt?

Responsible credit card usage includes paying bills on time, managing credit limits wisely, and avoiding unnecessary spending to prevent debt accumulation.

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Trusted by 1L+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below
Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below
Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Indian Bank Gold Loan - Interest Rate, Eligibility, Schemes

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Indian Bank Gold Loan - Interest Rate, Eligibility, Schemes

Jun 18, 2024

15 Mins

Indian Bank offers a gold loan at a fixed interest rate starting from 8.80% p.a. for loan tenures of up to 35 months. The loan can be availed by pledging gold jewels as security/collateral. The interest rates for jewel loans are fixed and range from 8.80% to 9.80% p.a., and for OD against Gold Jewels, the interest rates range from 9.95% to 10.45% p.a.

The repayment tenure for jewel loans can be either bullet repayment for up to 1 year or monthly repayment for up to 35 months. For OD against Gold Jewels, the tenure is 1 year and renewable. The loan amount for jewel loans has a maximum limit of up to Rs 35 Lakh, while for OD against Gold Jewels, the minimum loan amount is Rs 25,000 and the maximum loan amount is Rs 10 Lakh.

The LTV ratio for both types of loans is up to 75%. There are no processing fees for Indian Bank gold loans. The eligibility criteria for availing the loan include a minimum age of 21 years and a maximum age of 70 years (for jewel loans - non-priority). The required documents for availing the loan include identity proof, residential proof, and a duly filled application form.

Indian Bank offers two types of gold loans - Jewel Loan and OD Against Gold Jewels. The Jewel Loan can be used for personal expenses, while the OD Against Gold Jewels is an overdraft facility offered against gold jewellery. The loan amount, tenure, and repayment options vary for each type of loan.

Indian Bank also offers other features such as doorstep service and no credit score checks for gold loans. Overall, Indian Bank Gold Loan provides an affordable and convenient way to meet personal and business-related financial needs by leveraging the value of gold.