Updated Mar 07, 2021 | 10:21 IST
Bank employees and pensioners are not required to produce any proof of income while taking a gold loan.
SBI offers gold loan at an interest rate of 7.5%; no processing fee if applied through YONO  |  Photo Credit: BCCL
New Delhi: State Bank of India (SBI) offers gold loan facilities to any individual (singly or jointly) who has a steady source of income and is above 18 years of age. This type of loan can be availed by pledging of gold ornaments including gold coins sold by banks.
Bank employees and pensioners are not required to produce any proof of income while taking a gold loan.