Syndicate Bank Gold Loan

Gold Loan @ 7%

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Syndicate Bank Gold Loan Key Features

Syndicate Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Syndicate Bank Gold Loan Interest Rate 7.0% per annum
Syndicate Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,268
Syndicate Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Syndicate Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Syndicate Bank Gold Loan Repayment Tenure 3 Months to 24 Months
Syndicate Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Syndicate Bank Gold Loan

  • Speedy Procedure: You can take a Gold Loan from Syndicate Bank simple and rapidly without any complications. The loan gets accepted in an hour.
  • Fewer Documents: The documentation process is straight here; fewer documents are required for the gold loan in Syndicate Bank.
  • Transparent System: The Syndicate Bank offers full transparency to their client & that is, there are no hidden charges.
  • Amount of Loan: The smallest amount of loan that Syndicate Bank can provide to their client is Rs. 15,000. And, it can be less than Rs 10,000 in rural regions.
  • Protection of Jewellery: One important thing to note is that the bank takes the concern for the security of your gold. Henceforward, they kept the gold in fire-proof protection.
  • Loan Tenure: The time-period of the Gold loan in Syndicate Bank can be from 3 months to 2 years. After this, you can select your eases accordingly.
  • Benefits for Farmers: Syndicate Bank offers some special deals for farming purposes. Syndicate Bank offer minor 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 Syndicate Bank.

How Much Gold Loan can I Get through Syndicate Bank Gold Loan?

Syndicate Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

Syndicate Bank Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Syndicate Bank Gold Loan Documents Required

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

Syndicate Bank Gold Loan Interest Rate, Fees and Charges

Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

About Syndicate Bank Gold Loan

 Life is full of uncertainties and hitches. Consequently, you may need money to handle the financial problems in your life. In that case, you can get a Gold Loan from Syndicate Bank to fight with the economic emergency. A gold loan is a benign loan. Subsequently, the people with low CIBIL score can also quickly apply for this service. Syndicate Bank 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 Syndicate Bank Gold Loan is considered the greatest. Syndicate Bank was set up in 1925. It is one of the reputed and consistent banks in India. Also, it is known for its brilliant financial facilities. Here the transactions are very benign.

  • Syndicate Bank Gold Loan Interest Rate is 7.0% per annum.
  • Syndicate Bank Gold Loan Per Gram is ₹ 5,268
  • Syndicate Bank Gold Loan Tenure: Up to 24 months
  • Syndicate Bank Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST.

Types of Syndicate Bank Gold Loan

Syndicate Bank offers some plans associated with the Gold Loan item are listed below:

  • Loan Against Gold – Syndicate Bank gives Gold Loan at fascinating steps to satisfy anybody’s critical need of assets for any reason whether individual or professional. The gold credit is an entirely made sure about type of loans, and then, the bank has no danger in giving the sum to the applicant so, it is given at a slower step of best when connected with different types of Loan items.
  • Loan Against gold for the Farming industry – Syndicate 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 offers, and while taking the loan, you have to give the bank your Property evidence

Syndicate Bank Gold Loan EMI Calculator

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your Syndicate Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are presently an account holder with Syndicate 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-Syndicate Bank account and may need your EMIs to be a charge and close to the extreme limit of the month to month cycle from this record.
  • Post-Dated Checks (PDC): You can show post-dated EMI inquiries from a non-Syndicate Bank account at your nearest Syndicate Bank Loan Center. An alternative method of PDCs should be present in the right way. It will be great in the occurrence that you note Post Dated Checks will be collected non-ECS states figuratively speaking.

Syndicate Bank Gold Loan Contact Number

Call 9878981144 And get prompt help and approval for your Syndicate Bank Gold Loan. You can now know the best offers on Gold Loan accessible from all the Syndicate Bank Branches in all over the country to avail the best deal relevant according to your necessities.

Gold Ornaments Accepted by Syndicate Bank

  • Gold Ornaments: Syndicate Bank approves gold Jewelry 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 which is 24 Carat, can’t be used for availing a Gold Loan.

Use of Syndicate Bank Gold Loan

The funds settle by availing the Syndicate 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 necessities, such as purchasing a new supply, developing marketing, etc., a loan facility is available.
  • You can also apply for Gold Loan for agricultural 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

Bank

 Interest Rates

HDFC Bank Gold Loan

7.00% – 14.50%

ICICI Gold Loan

7.00% – 16.10%
Muthoot Finance Gold Loan

7.00% – 24.00%

Axis Bank Gold Loan

7.00% – 17.00%
Manappuram Gold Loan

7.00% – 26.00%

Yes Bank Gold Loan

7.00% – 15.99%
Bank of India Gold Loan

7.00% – 26.00%

Federal Bank Gold Loan 

7.00% – 13.50%
IIFL Gold Loan

7.00% – 12.00%

Central Bank of India Gold Loan

7.00% – 14.65%

Canara Bank Gold Loan

7.00% – 12.65%

Allahabad Bank Gold Loan

7.00% – 10.45%

Induslnd Bank Gold Loan

7.00% – 15.75%
PNB Gold Loan

7.00% – 11.75%

Bajaj Finance Gold Loan

7.00% – 26%
SBI Gold Loan

7.00% – 15.99%

Indian Bank Gold Loan

7.00% – 15.99%
UCO Bank Gold Loan

7.00% – 26.00%

Kotak Mahindra Bank Gold Loan

7.00% – 13.50%
Syndicate Bank Gold Loan

7.00% – 12.00%

FAQs About Syndicate Bank Gold Loan

  • What is Syndicate Bank Gold Loan?

Syndicate 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 Syndicate Bank is just 45 minutes.

  • How can I get the Gold Loan from Syndicate Bank?

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

  • What is Gold Loan Interest Rate in Syndicate Bank?

The Gold Loan interest rate in Syndicate 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 Syndicate Bank.

  • How much Gold Loan can I get per gram in Syndicate Bank?

The per gram Gold Loan in Syndicate 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 Syndicate Bank Gold Loan.

  • How to check Gold Loan status in Syndicate Bank?

To track your Syndicate Bank Gold Loan status all, you need to do is, visit the Syndicate 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 Syndicate Bank?

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

  • How to Pay Syndicate Bank Gold Loan Interest Online?

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

  • What if I can’t pay the interest on Syndicate Bank Loan for 3 months?

If you do not pay your Syndicate Bank Gold Loan for three months, first of all, 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 Syndicate Bank Gold Loan?

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