SBI offers a discount on the gold loan interest rate. How to use through YONO SBI



Demand for gold loans was high during the COVID-19 coronavirus crisis. The interest rate on gold loans ranges from 7% to 29%. SBI A gold loan can be provided as collateral for gold jewelry, including gold coins sold by banks with a minimum of paperwork and a low interest rate. Gold loans are currently the safest and easiest way to get instant funds during an emergency.

Applying for a loan through YONO SBI has several advantages:

  • Loan application without leaving home
  • The lowest interest rate at 8.25% (until 30.09.2021 a 0.75% discount is available)
  • Less paperwork
  • Less processing time
  • Less waiting at the department

How to get a gold loan with YONO SBI in 4 easy steps:

1) Apply for a loan

  • Log in to your YONO account
  • On the home page, click the menu (three lines) in the upper left corner.
  • Click on credits
  • Click on Gold Loan
  • Click Apply Now
  • Fill in the decoration data (type, quantity, carats and net weight) along with all other data available in the drop-down list (type of dwelling, type of occupation), complete the net monthly income and submit the application.

2) Visit the branch with gold

  • Visit the branch with gold deposit, 2 photos and KYC documents

3) Sign the document

4) Get a loan

Who Can Benefit From SBI Gold Loan?

  • Persons over 18 years of age with a steady source of income, including
  • Seniors (proof of income not required)

Required documents

  • Application for a Gold Loan with two copies of photos
  • Proof of identity with proof of address

Amount of credit

Minimum – 20,000

Maximum – 50 varnish

Interest rate

SBI is currently offering gold loans to clients at the lowest interest rate of 7.5%.

Loan ownership term

36 months (12 months in the case of a Bullet Return Gold loan – product with no obligation to repay over the term of the loan)

Where to apply for this loan?


HBO branch

Foreclosure Fee – The bank also waived the foreclosure fee and prepayment penalty for customers.

Gold price

On MCX, gold futures declined moderately by 47 888 by 10 grams. World gold rates also fell

Best rate for gold loans

In gold loans, interest rates are an important factor to consider as they vary widely. However, borrowers should consider other factors as well. For example, many lenders such as Punjab & Sind Bank, Canara Bank and Punjab National Bank offer gold loans for up to one year. Some lenders, such as Kotak Mahindra Bank and Bandhan Bank, offer gold loans for up to four and three years, respectively.

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