State Bank Of Patiala Gold Loan Interest Rate at 7.50%

LOAN TENUREMaximum 36 months
PROCESSING FEEAs decided by the bank from time to time
PRE CLOSURE CHARGESAs decided by the bank from time to time
Note: Updated on 10 Feb 2023, for latest interest rates, please visit bank website.

About State Bank Of Patiala

State Bank Of Patiala is a public sector bank in india. It has headquarter in Patiala. State Bank Of Patiala was founded on Nov. 17, 1917. It has 36193 branches and

It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Find details about State Bank Of Patiala which includes State Bank Of Patiala Official Website, State Bank Of Patiala ATMs accross the India, State Bank Of Patiala Branches accross the India, State Bank Of Patiala Contact Numbers, State Bank Of Patiala official EmailID, State Bank Of Patiala Headquarter and State Bank Of Patiala Headquarter Address. Find State Bank Of Patiala Gold loan purpos, Eligibility, Margin, Repayment of Gold Loan ,Security, Documents Required for Gold Loan from below.

Other Products of State Bank Of Patiala:

Home LoanPersonal Loan
Education LoanBusiness Loan
Car LoanTwo Wheeler Loan
Gold LoanFD Interest Rates
RD Interest RatesBank ATMs
PPF Account 

The purpose of the Gold Loan is to provide loan to borrowers against pledge of their gold |gold ornaments| gold coins to meet their urgent financial needs with lower interest rate and faster disbursement.

State Bank Of Patiala Gold Loan Eligibility

  1. Person should be at least 18 years old.
  2. Any person who owns gold | gold ornaments | gold coins that needs to be mortgaged with the bank.
  3. Person should have a regular income (optional).
  4. Persons who are having Savings or Current account with the bank (optional).

State Bank Of Patiala Gold Loan Document Required

  1. Duly filled up and signed gold loan application form
  2. 2 passport size photographs
  3. Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
  4. Proof of Address - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
  5. Proof of income -Latest salary slip showing all deductions or Form 16 or Income Tax Returns of 2 previous financial years (optional)

State Bank Of Patiala Gold Loan Amount

Minimum Rs.20,000 & Maximum Rs. 50 lakh


Gold or gold ornaments or gold coins etc. and since these can easily get liquidated in case of any default, banks offer these loans easily and at lower rates.

State Bank Of Patiala Gold Loan Tenure

It is a short term loan. As per RBI guidelines, the tenor is limited to 1 year, in case of non-agriculture use. Some of the banks offer the tenure of upto 36 months too. You can take your gold back from the bank after you repay the loan completely.

State Bank Of Patiala Gold Loan Repayment

Repayment structure depends on the bank. Mostly, banks permit repayment through EMIs or a bullet repayment at the end of loan term. In case of bullet payment at the end, borrowers need to pay interest on time. The principal amount will be paid in a bullet payment at the end.

Charges Associated with Gold Loan

  1. Processing Fee: Some banks charge the processing fee which fee can be if negotiated, may be waived off. Valuation Fee: Some banks charge a small amount for valuation of gold. This is paid to the third party valuer.
  2. Pre-payment Penalty: Some banks may charges penalty for pre-payment of loan.
  3. Late payment Penalty: It is charged if you make any delay in payment of interest.

Things that you must know before Applying for a Gold Loan

In India, we have emotional attachment with gold because usually, it is kept in the form of family jewellery. When we want to avail gold loan, we are required to keep this gold as a collateral which we do not agree so easily.

It is also required for you to be aware of the quality of gold which qualifies for the gold loan. The purity of gold which is required as a collateral for gold loan should be 18-22 carat or above. No value of precious gems studded in the gold jewellery is taken into account. It is also equally important for the borrowers to go through the terms and conditions mentioned in loan agreement thoroughly.

Further, if you are unable to repay the gold loan on time then there are high chances of losing your pledged gold/ gold jewellery. This may cause undue pressure on you. Hence, it is very necessary for you to think beforehand whether you will be able to repay the gold loan conveniently.

Contact details of State Bank Of Patiala, State Bank Of Patiala SMS balance check number, State Bank Of Patiala SMS banking, State Bank Of Patiala mobile banking, State Bank Of Patiala toll free number,State Bank Of Patiala toll free number 24*7, State Bank Of Patiala miss call number.

  • MISSED CALL NUMBERS - 9223766666
  • CUSTOMER CARE NUMBERS - 1800112211
  • CONTACT NUMBERS - 18001802010, 0175-2395521

State Bank Of Patiala Contact Details

  • CONTACT NUMBERS - 18001802010, 0175-2395521
  • EMAIL ID - ,,,
  • MISSED CALL NO. - 9223766666
  • CUSTOMER CARE NO. - 1800112211
  • TOTAL BRANCHES - 36193
  • HEADQUARTER - Patiala
  • BANK ADDRESS - Head Office,The Mall, Patiala, Punjab
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