South Indian Bank Gold Loan

South Indian Bank Gold Loan Key Features

Advantages of South Indian Bank Gold Loan

• Quick Procedure: You can take a Gold Loan from South Indian Bank only and rapidly without any complications. The loan gets accepted in an hour.
•  Fewer Documents: The documentation process is shortest here; fewer documents are required for the gold loan in South Indian Bank.
• Transparent System: The South Indian Bank offers complete transparency to their client; and that is, there are no concealed charges.
• Amount of Loan: The smallest amount of loan that South Indian Bank can provide to their client is Rs. 15,000. And, it can be less than Rs 10,000 in rural districts.
• Protection of Jewelry: One important thing to note is that the bank takes the concern for the security of your gold. Henceforth, they kept the gold in fire-proof protection.
• Loan Tenure: The time-period of the Gold loan in South Indian Bank can be from 3 months to 2 years. After this, you can select your eases accordingly.
• Benefits for Farmers: South Indian Bank offers some special deals for farming purposes. South Indian Bank offers a nominal Gold Loan interest rate for farming purposes.
• No Debt Problem: There can be situations like in which if an aspirant is not able to refund the amount of the loan, in that case, the aspirant will not be under any debts as the bank will only take embrace of the aspirant’s ornaments.
• No Salary limits: There are no limits on the salary or income of the applicant; hereafter, anyone with any salary range can 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

South Indian Bank Gold Loan Eligibility

South Indian Bank Gold Loan Documents Required

South Indian Bank Gold Loan Interest Rate, Fees and Charges

About South Indian Bank Gold Loan

Life is full of worries and complications. Consequently, you may need money to handle the financial problems in your life. In that case, you can get a Gold Loan from South Indian Bank to fight with the economic emergency. A gold loan is a benign loan. Next, the people with low CIBIL score can also apply for this service. South Indian Gold Loan is one of the incomparable gold loans in India.

However, there is a lot of financial banking and non-banking firms that may provide you with the gold loan, but South Indian Bank Gold Loan is considered the greatest. South Indian Bank was set up in 1929. It is one of the most reputed and consistent banks in India. Also, it is known for its brilliant fiscal facilities. Here the transactions are very safe.

• South Indian Bank Gold Loan Interest Rate is 7.0% per annum
• South Indian Bank Gold Loan Per Gram is ₹ 5,268
• 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 linked to the Gold Loan item that are listed below:

• Loan Against Gold – South Indian Bank gives Gold Loan at fascinating steps are essential to satisfy anybody’s critical need of assets for any reason whether individual or professional. The gold credit is a wholly made sure about type of loans, and then, the bank has no danger in giving the sum to the candidate so, it is given at a slower step of best when linked with different types of Loan items.
• Loan Against gold for the Farming industry – South Indian Bank gives Gold Loans clearly to farming industry purposes to agriculturalists at a rare step of interest when compared with gold loans given for different employments. They are given different proposals, and while taking the loan, you have to give the bank your Property evidence.

South Indian Bank Gold Loan EMI Calculator

How to Pay Your South Indian Bank Gold Loan EMI?

• Standing Instruction (SI): If you are currently an account holder with South Indian Bank, Standing Instruction is the extreme unswerving procedure to pay. Your EMI sum will be credit naturally towards the month’s end to month time frame from the Syndicate Bank account you show.
• Electronic Clearing Service (ECS): The program can be applied in the incident that you have a non-South Indian Bank account and may need your EMIs to be charge this way close to the extreme limit of the month to month cycle from this record.
• Post-Dated Checks (PDC): You can present post-dated EMI inquiries from a non-Syndicate Bank account at your nearest South Indian Bank Loan Centre. An alternative method of PDCs should be present in the right way. It will be great in the incidence that you note Post Dated Checks will be collected non-ECS states figuratively speaking.

South Indian Bank Gold Loan Contact Number

Call 9878981144 And get prompt help and approval for your South Indian Bank Gold Loan. You can now know the best offers on Gold Loan available from all the South Indian Bank Branches in all over the country to avail the best deal related according to your requirements.

Gold Ornaments Accepted by South Indian Bank

• Gold Ornaments: South Indian Bank approves gold Jewellery like Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these for availing a Gold Loan.
• Quality: The quality of gold must be between 18 Carat to 22 Carat. Any gold ornament of 24 Carat, can’t be used for availing a gold loan.

Use of South Indian Bank Gold Loan

The funds settle by availing the South Indian Bank Gold Loan facility can be used for plentiful purposes like:

• To fund any specific investments such as marriage, mountaineering, instalment of higher education expenditures, etc.
• For all your marketing requirements, such as buying a new supply, developing marketing, etc., a loan facility is available.
• You can also apply for Gold Loan for farming concepts. The bank gives minor charges of interest for Gold Loans that are used for agriculture or accompanying projects.

Gold Loan Interest Rate of Major Banks

FAQs About South Indian Bank Gold  Loan

• What is the South Indian Bank Gold Loan?

South Indian Bank Gold Loan is a loan system that you can apply for urgent financial help by keeping your gold as security with the bank. It also comes with reasonable interest rates on Term Loan, Overdraft, and EMI based loan. Usual Gold Loan expenditure time at South Indian Bank is just 45 minutes.

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

You can effortlessly get the South Indian Gold Loan by visiting any of the gold loan offering branches of Indian or you can apply online with BookmyLoans by just sitting at your home and get the best deals and offers. South Indian Bank is one of the leading banks in India that offers Gold Loan features.

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

The Gold Loan interest rate in South Indian Bank is 7.0% per annum. The rate of interest is subject to some factors, namely: loan amount, loan time-periods, purity of gold, and affiliation 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 can get depends on the purity of your gold. Syndicate Bank agrees to take the gold of purity between 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,268 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 status all, you need to do is, visit the South Indian Bank Loan Status Tracker web page and fill your details in the form given there and you can track the status smoothly of your loan from home and stay updated.

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

You can check the interest on your South Indian Bank Gold Loan using BookmyLoans EMI Calculator that gives you exact amounts based on the data you enter into the calculator.

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

You can pay South Indian Bank Gold Loan interest online thru net banking on the official South Indian Bank loan compensation web page else, and you can also refund your South Indian Gold Loan on Paytm using your preferred payment process.

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

If you do not pay your South Indian Bank Gold Loan for three months, firstly the bank will remind you of your inadequate payments. And after that, If the payment requests go ignored an official legal notice will send demanding the reimbursement and to finish the loan. Non-payment on your Gold Loan will lead to a lessening of your credit score and also makes you legally responsible to face legal actions by the bank as well as seizure and auction of your gold.  

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

You can quickly apply for an EMI Moratorium on South Indian Bank Gold Loan now between 1st March and 31st August 2020 and has to be done by contacting the bank’s customer care or by visiting the nearest South Indian Bank branch.