Latest News
-
Infosys Q4 Results Preview: Muted Growth In Revenue Likely, Margins To See Gradual Rise -
1:1 Bonus Share: Multibagger LIC-Backed FMCG Penny Stock Declares Over 700% Rally In Q4 Net -
1:1 Bonus Issue: Multibagger FMCG Stock Under Rs 340 Approves Allotment Of Bonus Share -
1:10 Split, 1:1 Bonus; Akshay Kumar-Endorsed Co Which Allotted 5.6 Crore Bonuses, Aims Rs 18,000 Crore Revenue -
2:1 Bonus Issue Coming Up: Penny Stock Gives 183% Returns Ahead Of Ex-Bonus Date; Eligibility Criteria! -
Heavy Rains Lead to Cancellation of Flights from India to Dubai -
1:2 Stock Split: Record Date On April 24; Buy The Scrip Now To Be Eligible? -
3:1 Bonus Shares: Record Date In 3 Days On 20th April; Buy The Pharma Stock? -
Global Economy Faces 19% Income Reduction by 2049 Owing to Climate Change -
How To Get Pre-Approved Loans At SBI? All You Need Is Four Clicks!
SBI SME Gold Loan: Avail Loan upto Rs 50 lakh Without any Financial Document
The State Bank of India (SBI) provides a wide range of loans to meet the financial needs of small and micro-businesses. SBI SME Gold Loan is a low-interest loan provided by the State Bank of India to help you develop your business.
The main aim of SME Gold Loan is to provide current SME units with hassle-free financial assistance against gold jewellery kept in the name of the proprietor for fund-based needs for general business purposes.
Gold Loan is your one-stop-shop for all of your urgent financial requirements. As gold rates have surged higher in recent years, you will get a decent amount as a loan. Whatever the purpose is, whether it's for education, company growth, or anything else entirely.
A Loan Against Gold may be taken out at any time. Your monthly outgoings will be held within your budget thanks to flexible tenure and repayment options.
Now expand your business with SBI SME Gold Loan!
"Grow your business with SBI's SME Gold Loan at very attractive rates. Apply now and avail of the loan. The process is simple and hassle-free. Visit our branch today!" tweeted SBI.
Grow your business with SBI's SME Gold Loan at very attractive rates. Apply now and avail the loan. Process is simple and hassle free.
— State Bank of India (@TheOfficialSBI) March 9, 2021
Visit our branch today!
For details, visit: https://t.co/6Df5OZkRu2#SBI #StateBankOfIndia #SMEGoldLoan #GoldLoan pic.twitter.com/5r4sRzbnOe
Who are eligible for SBI SME Gold Loan?
Existing MSME Units that are proprietorship firm only, both borrowing and non-borrowing units of SBI customers, who wish to take out a loan against gold ornaments or jewellery are eligible. This loan is offered to assist borrowers in fulfilling any credit criteria, such as the purchasing of a store.
Benefits of SBI SME Gold Loan
- Overdraft (OD) and Demand Loan (DL) for MSME
- Loan Amount Rs 1 Lakh to 50Lakh
- The competitive interest rate at 7.25 percent linked to EBLR
- No financial documents required.
- Only self-declared projected turnover to be submitted
- Simple assessment and no balance sheet is required
Things to know
- Processing Fee for a loan up to Rs 10 lakh: Rs 500 plus applicable taxes
- Processing Fee for loan above Rs 10 lakh: Rs 1000 plus applicable taxes
- Overdraft and demand loans can be availed for a max of 12 months
- There is no charge for prepayment of the loan
- The loan amount should not exceed the advance value of Gold
