The bank offers 2 kinds of gold loan. The first is the conventional gold loan where you can get loan against gold ornaments including hall marked jewellery. The liquid gold offered by State Bank of Travancore Gold Loan refers to the overdraft facility against pledge of gold ornaments.

SBT Gold Loan Review states that it is an attractive loan which customers are willing to take as the SBT Gold Loan Interest Rate is attractive and the SBT Gold Loan Eligibility is easy to achieve.

Sbt Gold Loan Interest Rate:

The current SBT Gold Loan Interest Rate is discussed below.

SBT Gold Loan Interest Rate for existing gold loan based on PLR is 0.25% below PLR. SBT Gold Loan Rate for new gold loan sanctioned from 01.07.2010 is 4.25% above base rate. SBT Gold Loan Rate for existing liquid gold loan is 0.75% above PLR. SBT Gold Loan Rate for new liquid gold loan sanctioned is 5.25% above base rate.

Sbt Gold Loan Eligibility:

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

• ·Farmers and agriculturists with good dealing with the bank are eligible for the SBT Gold Loan rate.
• ·Farmers can also avail cash credit facility based on scale of finance at the current SBT Gold Loan rate.
• ·The customer needs to produce documents which state his ownership of the land for SBT Gold Loan Eligibility.

State Bank of Travancore Gold Loan Rate for per gram gold: The State Bank of Travancore Gold Loan Rate for 22 carat gold is Rs. 1350 per gram.

Sbt Gold Loan Documentation:

According to the SBT Gold Loan Review these documents are required for SBT Gold Loan

Eligibility:

Filled Application Form

Two Photographs

Proof Of Identification

Proof Of Residence

Affidavit stating the ownership of the gold

SBT Gold Loan Review shows that SBT Gold Loan can be availed for maximum loan tenure of 6 to 12 months which can be repaid in equated monthly instalments or post dated cheques. 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.

SBT 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 SBT Gold Loan eligibility and SBT Gold Loan Interest Rate etc. are on the official site at http://www.statebankoftravancore.com/domloan.htm#glcon