SBI offering gold loan at 7.5% interest rate - know how to apply on YONO app step by step - Gold loans are the safest and secured loan taken by the borrower from a lender in lieu of their gold ornaments or other gold items as collateral.
Updated Feb 22, 2021 | 07:00 IST
SBI Gold Loan can be availed by a pledge of gold ornaments including gold coins sold by Banks with minimum paperwork. Customers will enjoy 7.50% interest rate, nil processing fee, and other benefits SBI Gold Loan: Check eligibility, interest rate and other features
New Delhi: People who do not have an emergency fund to fall back upon in trying times, typically opt for personal loans or gold loans to avoid temporary cash crunch. Gold loan is always a better option than personal loan as not only the interest rate is lower in gold loan, but you also get flexible repayment option.