South Indian Bank Gold Loan

Gold Loan at 1%* p.m.

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South Indian Bank Gold Loan Key Features – Apply Now!

Gold Loan Interest Rate 7.11% per annum
Gold Loan Per Gram Rate Per Gram Today is ₹ 5,032
Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Gold Loan Repayment Tenure 3 Months to 24 Months
Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of South Indian Bank Gold Loan

  • Fast Procedure: you will be able to take a Gold Loan from South Indian Bank only and apace with none obstacles. The loan gets permissible in exactly hr.
  • Fewer Documents: The documentation progression is steady here; fewer documents area unit necessary for the gold loan in South Indian Bank.
  • Transparent System: South Indian Bank proposals comprehensive transparency to their client; which is, there are not any unidentified charges.
  • Amount of Loan: The minimum quantity of loan that South Indian Bank will offer to their consumer is Rs. 15,000. And, in rural districts, it is but Rs ten,000.
  • Protection of Jewellery: One vital issue to notice is that the Bank takes the full responsibleness for the protection of your gold. Afterwards, the unbroken the gold in fire-proof safety.
  • Loan Tenure: The time-period of the Gold loan in South Indian Bank is from three months to two years. Afterwards, you will be able to decide your luxury consequently.
  • Profits for Ranchers: South Indian Bank offers some completely different deals for agricultural functions. South Indian Bank offers a nominal Gold Loan rate of interest for scientific discipline functions.
  • No Debt Issue: There is a group of circumstances like within which if an individual isn’t able to repay the quantity of loan, in this instance the individual won’t be below any debts because the Bank can solely seize the applicant’s ornaments.
  • No financial gain borders: There are not any restrictions on the earnings or financial gain of the applicant; henceforward, anyone with any earnings will apply for a gold loan in South Indian Bank.

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

Life is filled with worries and fears. Afterwards, you will like money to fight with monetary issues in your life. In this case, you will be able to get a Gold Loan from South Indian Bank to fight with the economic emergency. A gold loan may be a safe loan. After, the individuals with reduced CIBIL score also can merely apply for this service.

However, there’s plenty of economic Banking and non-Banking organizations that will offer you with the gold loan. However, Gold Loan is taken into account the best. South Indian Bank came into existence in 1929. it’s one in all the foremost deceptive and chronic Banks in Bharat. Also, it’s familiar for its sturdy economic options. Here the transactions area unit safe.

  • South Indian Bank Gold Loan Interest Rate is 7.11% per annum
  • South Indian Bank Gold Loan Per Gram is ₹ 5,032
  • South Indian Bank Gold Loan Tenure: Up to 24 months
  • South Indian Bank Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST

Types of South Indian Bank Gold Loan

South Indian Bank offers some plans allied to the Gold Loan item that square measure listed below:

  • Loan Against Gold – South Indian Bank offers Gold Loan at fascinating steps square measure necessary to satisfy anybody’s crucial would like of assets for any reason whether or not individual or skilled. The gold credit is formed positive regarding the kind of loans so, the Bank has no danger in giving everything to the individual, it’s given at a slower step of best once related to different kinds of Loan things.
  • Loan Against Gold for the Farming business – South Indian Bank offers Gold Loans clearly to farming business functions to ranchers at a rare step of interest once connected with gold loans given for various potentialities. they’re given varied offers, and at the time of taking the loan, you’ve got to offer the Bank your Property proof.

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’re an accounting holder with South Indian Bank, Standing Instruction is that the very dependable procedure to pay. Your EMI completeness is going to be attributable logically on the thanks to the month’s finish to month timeframe from the South Indian checking account you show.
  • Electronic Clearing Service (ECS): The program may be helpful within the incident that you have a non – South Indian Bank and should like your EMIs to be charged therefore on the brink of the very best limit of the month to month cycle from this record.
  • Post-Dated Checks (PDC): you will be able to gift post-dated EMI investigations from a non-South Indian checking account at your nearest South Indian loan Centre. Another methodology of PDCs ought to be accessible during a precise means. It will be superior within the manifestation that you note Post Dated Checks are going to be collected non-ECS states typically speaking.

South Indian Bank Gold Loan Contact Number

Call 9878981144 And get speedy facilitate and agreement for your South Indian Bank Gold Loan. you will be able to currently recognize the premium proposals on Gold Loan procurable from all South Indian Bank Branches all told over the country to achieve the highest deal coupled in step with your necessities

Gold Ornaments Accepted by South Indian Bank

  • Gold Jewellery – Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of those area units allowable by South Indian Bank to require a Gold Loan.
    Quality – the standard of gold should be in between of eighteen Carat to twenty-two Carat. Any gold ornament that is twenty-four Carat can not be wont to take a gold loan.

Use of South Indian Bank Gold Loan

The assets stable by availing South Indian Bank Gold Loan facility which might be used for plentiful functions like:

  • To fund any precise hoards like wedding, climbing, instalment of upper education expenses, etc.
  • For all of your selling wants, like getting new provide, developing selling, etc., loan facility is accessible.
  • You may apply for Gold Loan for agricultural ideas. The Bank offers minor charges of interest for Gold Loans that area unit used for agriculture or connected plans.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.11% – 14.50%

ICICI Gold Loan

7.11% – 16.10%
Muthoot Finance Gold Loan

7.11% – 24.00%

Axis Bank Gold Loan

7.11% – 17.11%
Manappuram Gold Loan

7.11% – 26.00%

Yes Bank Gold Loan

7.11% – 15.99%
Bank of India Gold Loan

7.11% – 26.00%

Federal Bank Gold Loan 

7.11% – 13.50%
IIFL Gold Loan

7.11% – 12.00%

Central Bank of India Gold Loan

7.11% – 14.65%

Canara Bank Gold Loan

7.11% – 12.65%

Allahabad Bank Gold Loan

7.11% – 10.45%

Induslnd Bank Gold Loan

7.11% – 15.75%
PNB Gold Loan

7.11% – 11.75%

Bajaj Finance Gold Loan

7.11% – 26%
SBI Gold Loan

7.11% – 15.99%

Indian Bank Gold Loan

7.11% – 15.99%
UCO Bank Gold Loan

7.11% – 26.00%

Kotak Mahindra Bank Gold Loan

7.11% – 13.50%
Syndicate Bank Gold Loan

7.11% – 12.00%

 

FAQs About South Indian Bank

  • What is the South Indian Bank Gold Loan?

South Indian Bank Gold Loan could be a loan system that you will apply for pressing money to facilitate by keeping your gold as safety with the Bank. Also, it comes with superior interest rates on Term Loan, Overdraft, and EMI based mostly loan. Customary Gold Loan disbursement time at South Indian Bank is simply forty-five minutes.

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

You will fluently get the South Indian Bank Gold Loan by visiting any of the gold loan giving branches of South Indian Bank. You can apply online with LendingWale by merely sitting at your home and acquire the most straightforward agreements and proposals. South Indian Bank is one in all the most essential Banks in India that provides Gold Loan options.

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

The rate for the Gold Loan in South Indian Bank is 7.11% every year. The speed of interest is subject to many factors, namely: loan quantity, loan time-periods, purity of gold, and connotation with South Indian Bank.

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

The per gram Gold Loan in South Indian Bank that you will get depends on the purity of your gold. South Indian Bank set to require the gold of purity between eighteen carats to twenty-two carats to supply a Gold Loan. you will be able to avail up to ₹ 5,032 Per Gram in South Indian Bank Gold Loan

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

To check your South Indian Bank Gold Loan standing all, you wish to try and do, visit the South Indian loan standing huntsman website and fill your details within the kind given there. You will be able to track the status, resourcefully of your loan from residence and keep updated.

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

You can calculate the interest on your South Indian Bank Gold Loan victimization LendingWale EMI Calculator which supplies you protected amounts supported the data you enter into the calculator.

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

You can pay South Indian loan interest online through internet Banking on the official South Indian loan compensation website. Alternatively, you will be able to conjointly refund your South Indian Bank Gold Loan on Paytm victimization your elect payment method.

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

If you may not pay your Gold Loan for three months, first off the Bank can cue you of your due payments. And at the moment, If the payment requests go forgotten associate degree supported legal notice is shipped hard to please the compensation and to complete of the loan. Non-payment on your Gold Loan can cause a decreasing of your credit score and conjointly causes you to wrongfully responsible to face legal actions by the Bank moreover as seizure and auction of your gold.

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

You can apply for associate degree EMI Moratorium on South Indian Bank Gold Loan currently between first March and thirty-first August 2020. You should be done by communication the Bank’s client care or by visiting the closest South Indian Bank branch.