A Gold Loan is a loan which is secured against gold ornaments. A borrower pledges their gold ornament with the lender in exchange for funds. Therefore it is a loan which is granted against a certain physical security of gold. Gold loan has successfully enabled thousands of people to mobilize their personal assets.

1. SBI Gold Loan

2. What is Gold Loan?
A Gold Loan is a loan which is secured
against gold ornaments. A borrower pledges
their gold ornament with the lender in
exchange for funds.
Therefore it is a loan which is granted against
a certain physical security of gold. Gold loan
has successfully enabled thousands of people
to mobilize their personal assets.
For more details visit: https://www.letzbank.com

3. About SBI Gold loan
State bank of India is one of the top lenders for
gold loans when it comes to public sector
banks.
The rate of interest is 12.20% which is 3%
higher than the base rate.
Special rate is offered to SBI account holders.
You can avail gold loan from minimum
10,000/- to maximum 20 lacs.
Repayment tenure period is of 30 months.
Processing fees up to 1022/- is charged from
the customer.
For more details visit: https://www.letzbank.com

4. SBI Gold Loan Schemes - Details
Interest Rate 11.15%- 11.15%
Repayment Options EMI Schemes, Bullet repayment scheme,
Overdraft scheme
Loan Tenture 3 months to 30 months
Minimum and Maximum Loan
Amount
Rs. 10,000 and Rs. 2,00,000
Processing Fee 0.51- 1.01% of the loan amount subject to a
maximum of Rs 1022
Prepayment Charges Nil
Popular Products SBI Personal gold Loan, SBI Agriculture Gold loan

5. Eligibility and Loan Amount
Age: 21 years and above
Profession: Anybody with steady source of
income including: Bank's Employees,
pensioners.
MINIMUM:
Rural/Semi Urban: Rs 10,000/-
Urban/Metros: Rs 20,000/-
MAXIMUM: Rs 20,000/-
Margin: 25%
For more details visit: https://www.letzbank.com

6. Repayment mode & Interest Rate
The repayment of principal and interest
should commence from the month following
the month of the disbursement
2.50% above Base Rate i.e., 12. 50% p.a.
currently
For more details visit: https://www.letzbank.com

7. Benefits and Features:
 Hassel free and quick processing.
 Easy documentation
 Lower and attractive interest rates.
 Tie up with most of the reputed banks across the country.
 Education for children
 Business expansion or working capital requirement
 Down payment for purchase of property or vehicle
 In your agricultural Expenses
 Medical emergency in your family or your loved ones
 Family holiday
 Best and valuable deals available.
 Quick approval and across the counter loan available.
For more details visit: https://www.letzbank.com

8. How to apply on Letzbank
 Login to Letzbank.com
 Click on Gold Loans
 Check your eligibility
 Compare the rates with our numerous Lender banks
across the country
 This saves your time, effort and money
 Now you can choose the bank as per your
accordance and requirements
 For quick application enter your Name, Email
address and Mobile number
 Sales executive from the respective bank will call you
 simple and quick results as per your requirements.
For more details visit: https://www.letzbank.com

9. Frequently Asked questions(FAQ's)
 Who can have a Gold Loan?
Any Individual from 18 years to 70 years
 Do I have to pay any additional fee?
You will have to pay a nominal processing fee, as applicable at
the time of disbursement of loan.
 What are the Loan Tenture options?
From 12 to 36 months.
 What are the minimum and maximum loan amounts?
You can avail of loans starting from Rs 25,000/- to Rs 30,
00,000/-
 What is the interest rates?
Gold Loans comes to you at an attractive & competitive interest
rates based on the prevalent market situation. Your rates will
vary according to the product variants
For more details visit: https://www.letzbank.com

10. Contact Us
Letzbank,
Plot No. 4,, 1-98/8/9/A, Image Gardens Rd, Madhapur,
500081 Hyderabad, Telangana,
India.
040-48586878
support@letzbank.com
For more details visit: https://www.letzbank.com