Personal Segment

Meet your immediate financial needs with South Indian Bank Gold Loan

Need quick funds ? Whether it’s a medical emergency, a wedding, or any other unexpected expenses, South Indian Bank Gold Loan offers instant liquidity at attractive interest rates. Meet your financial needs without parting with your precious gold. Easy documentation, swift approvals, and flexible repayment options - helping you turn your aspirations into reality with ease!

Key Features and Benefits

Quick Access to Funds

Get instant liquidity to handle medical emergencies, weddings, or any unexpected expenses without delays.

Secure Your Aspirations

Unlock the value of your gold while keeping your treasured assets safe with the bank.

Flexible and Convenient

Enjoy low-interest rates, flexible repayment options, and easy renewal through the SIB Mirror+ app for a seamless borrowing experience.

Minimal Documentation

Avail funds quickly with a hassle-free process that requires only basic KYC and gold valuation documents.

Apply Now

Enjoy the various features offered by SIB Gold Loan

Competitive gold loan interest rate - Get started with rates most competitive interest rates in the market
High gold loan per gram value - Maximize the loan amount based on the value of your gold
Flexible repayment plans - Choose a Gold loan Repayment option that suits your needs, including bullet payments and EMIs
Instant Renewal through SIB Mirror+ - Hassle free renewal through SIB Mirror+ app
Quick disbursal - Enjoy a fast and efficient Gold loan process with minimal documentation

The eligibility for applying for SIB Gold Loan are as below.

The applicants must;

Be 18 years or older
Own gold jewellery or ornaments to pledge as collateral
The gold surrendered as collateral should between 18 – 22 Karats

Loan-to-value (LTV) ratio
The Loan-to-value (LTV) ratio is a measure that indicates the maximum loan amount you can receive against the value of your collateral, in this case, gold. It is expressed as a percentage, where a higher LTV ratio means you can borrow a larger portion of your gold's market value. For example, if the LTV ratio is 85%, you can get a loan of up to 85% of the gold's appraised value.

Our transparent fee structure ensures you know exactly what to expect throughout your loan journey. Check out the various rates and charges related to SIB Gold Loan.

Category	Details
Interest Rates	Check Interest Rates
Other Charges	Handling Charges - Rs. 200/- to Rs.2,000/- GLREN Charges - Rs. 200/- onwards, up to a maximum of 0.25% of the loan amount Appraiser Charges - Starting from Rs.150/- per packet

Leverage the value of your gold with South Indian Bank's Gold Loan and access funds effortlessly.

You can visit any of our branches to avail the Gold Loan. If you like to know more about SIB Gold Loan, share your details with us and we will get back to you shortly.

Apply Now to get started!

Frequently Asked Questions

Get answers to your queries

Yes, with a Gold loan from South Indian Bank, your gold jewelry or ornaments are the sole collateral needed. No additional assets or guarantors are required, making it a simple and secure way to access funds.

Yes, CIBIL score is required for certain specific schemes.

South Indian Bank ensures the utmost security for your pledged gold. The gold is stored in secure vaults with advanced safety protocols. It is also sealed in tamper-proof packets, and customers receive a receipt as proof of deposit.

A Gold Loan is often preferred for urgent financial needs because it offers quick access to funds, a hassle-free process, and minimal documentation compared to other loans.

Yes, existing Gold Loan customers can apply for a top-up loan, subject to eligibility and current gold value.

No, there are no restrictions on the end-use of a Gold loan. You can use the funds for any lawful purpose, including personal needs, business expenses, medical emergencies, or education.

Yes, you can apply for a Gold loan even if you have other active loans(stantard category loans).

The approval process is quick, based on the valuation of the gold ornaments, credit assessment and KYC compliance. Once approved, funds are disbursed promptly, ensuring immediate access to the required funds.

Flexible repayment options include:

Bullet repayment at the end of the loan tenure
Monthly interest servicing or EMI, depending on the loan scheme chosen

The loan amount ranges from a minimum of Rs. 5,000/- to a maximum of Rs. 1 crore, depending on the value of the pledged gold and the specific loan scheme.

Yes, foreclosure is allowed.

Show More FAQs