The bank offers loan facility against the pledge of gold or gold ornaments. The purpose of this loan can be personal loan. SBH Gold Loan Review states that it is an attractive loan which customers are willing to take as the SBH Gold Loan Interest Rate is attractive and the SBH Gold Loan Eligibility is easy to achieve.

SBH Gold Loan Interest Rate:

The current SBH Gold Loan Interest Rate is discussed below.

SBH Gold Loan Interest Rate is calculated on 9% base rate. SBH Gold Loan Rate for demand loan is 15.00% p.a. SBH Gold Loan Rate for overdraft is calculated at 15.50% p.a. SBH Gold Loan Rate keep revising.

SBH Gold Loan Eligibility:

According to the SBH Gold Loan review the SBH Gold Loan Eligibility criteria are:

• ·Individuals above the age of 20 years of age are eligible for the SBH Gold Loan.
• ·The customer who holds an account with the bank can apply for SBH Gold Loan Eligibility.

SBH Gold Loan Rate For Per Gram Gold:

The SBH Gold Loan Rate for 22 carat gold with hallmark is Rs. 1300 per gram. The SBH Gold Loan Rate for 22 carat gold without hallmark is Rs. 1200 per gram. The SBH Gold Loan Rate for 18 carat gold is Rs. 1000 per gram.

State Bank Of Hyderabad Gold Loan Documentation: According to the SBH Gold Loan Review these documents are required for SBH Gold Loan

Eligibility:

Filled Application Form

Two Photographs

Proof Of Identification

Proof Of Residence

Affidavit stating the ownership of the gold

SBH Gold Loan Review shows that State Bank Of Hyderabad Gold Loan can be availed for maximum loan tenure of 12 months which can be repaid in equated monthly instalments. The loan will be processed according to the banking procedure once the documents have been submitted. The loan can be prepaid however the prepayment clause needs to be found from the bank.

State Bank Of Hyderabad Gold Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on SBH Gold Loan eligibility and SBH Gold Loan Interest Rate etc. are on the official site at http://www.sbhyd.com/advances_demandloans.asp