How to take a loan against Sovereign Gold Bond…How much will be the interest and when will the money be repaid?

TV9 Hindi

Loans can be taken easily by keeping Sovereign Gold Bond ie SGB as security or collateral. Loans can be taken from authorized banks, financial companies, non-financial companies on SGB.

Aug 24, 2022 | 3:25 pm

TV9 Bharatvarsh | Edited By:


Aug 24, 2022 | 3:25 pm




The Reserve Bank of India has released the second installment of Sovereign Gold Bonds. If you want, you can invest in gold bonds. Gold from 1 gram to 4 kg can be invested in the form of gold bonds. This time the price of one gram of gold has been kept at Rs 5197. If the payment is done online then you will get a discount of Rs.50. The scheme of Sovereign Gold Bond has started on 22nd August which will run till 26th August. Along with investing in gold bonds, a loan can also be taken against it. Can I get loan on SGB? If you have the same question whether loan can be taken against SGB? So the answer is yes.

The Reserve Bank of India has released the second installment of Sovereign Gold Bonds. If you want, you can invest in gold bonds. Gold from 1 gram to 4 kg can be invested in the form of gold bonds. This time the price of one gram of gold has been kept at Rs 5197. If the payment is done online then you will get a discount of Rs.50. The scheme of Sovereign Gold Bond has started on 22nd August which will run till 26th August. Along with investing in gold bonds, a loan can also be taken against it. Can I get loan on SGB? If you have the same question whether loan can be taken against SGB? So the answer is yes.

Loans can be taken easily by keeping Sovereign Gold Bond ie SGB as security or collateral. Loans can be taken from authorized banks, financial companies, non-financial companies on SGB. The value ratio of an SGB loan is the same as that applicable to a normal gold loan. The Reserve Bank has given necessary instructions in this regard. How much loan can I get SGB? That is, how much loan can I take on SGB? Citizens of India, Trusts, HUFs, Charity Institutions and Universities can take loans. The rate of interest will be 12.50 percent and loan of minimum 20 thousand and maximum 25 lakh is available. The loan tenure is 24 months.

Loans can be taken easily by keeping Sovereign Gold Bond ie SGB as security or collateral. Loans can be taken from authorized banks, financial companies, non-financial companies on SGB. The value ratio of an SGB loan is the same as that applicable to a normal gold loan. The Reserve Bank has given necessary instructions in this regard. How much loan can I get SGB? That is, how much loan can I take on SGB? Citizens of India, Trusts, HUFs, Charity Institutions and Universities can take loans. The rate of interest will be 12.50 percent and loan of minimum 20 thousand and maximum 25 lakh is available. The loan tenure is 24 months.

How can I get gold loan in SGB? If you want to know how to take a loan against SGB, then we explain the easy way. Any individual or joint investor above 21 years of age who has invested in SGB scheme can take the loan. For this, the form has to be filled in the bank and it is necessary for the customer to have a demat account. Which bank is best for gold loan? In terms of loan against SGB, the same bank will be good whose interest rate will be lower.

How can I get gold loan in SGB? If you want to know how to take a loan against SGB, then we explain the easy way. Any individual or joint investor above 21 years of age who has invested in SGB scheme can take the loan. For this, the form has to be filled in the bank and it is necessary for the customer to have a demat account. Which bank is best for gold loan? In terms of loan against SGB, the same bank will be good whose interest rate will be lower.

Gold Loan Interest Rates Comparison 2022: The rate of Axis Bank Gold Loan starts from 13.50 percent which goes up to 16.95 percent. From this bank you can take a loan of Rs 25001 to 25 lakhs. HDFC Gold rates range from 11% p.a. to 16% p.a. and loan amount starts from Rs.10,000. Canara Bank Gold loan rate starts from 7.35% p.a. in which one can take loan from Rs.5,000 to Rs.35 lakh. The interest rate of Muthoot Gold Loan ranges from 12% to 26% and you can take a loan above Rs 1500.

Gold Loan Interest Rates Comparison 2022: The rate of Axis Bank Gold Loan starts from 13.50 percent which goes up to 16.95 percent. From this bank you can take a loan of Rs 25001 to 25 lakhs. HDFC Gold rates range from 11% p.a. to 16% p.a. and loan amount starts from Rs.10,000. Canara Bank Gold loan rate starts from 7.35% p.a. in which one can take loan from Rs.5,000 to Rs.35 lakh. The interest rate of Muthoot Gold Loan ranges from 12% to 26% and you can take a loan above Rs 1500.

What is the interest rate on gold bonds? Also know that gold bonds also get interest from the government. At present, its annual interest rate is 2.50 percent. Interest is paid twice on gold bonds in a financial year. Also know what happens when the gold bond matures. What happens to SGB after maturity? Sovereign Gold Bonds are government securities which are equivalent to gold in grams. It is similar to physical gold. The investor has to pay the issue price and the bonds can be redeemed in cash on maturity.

What is the interest rate on gold bonds? Also know that gold bonds also get interest from the government. At present, its annual interest rate is 2.50 percent. Interest is paid twice on gold bonds in a financial year. Also know what happens when the gold bond matures. What happens to SGB after maturity? Sovereign Gold Bonds are government securities which are equivalent to gold in grams. It is similar to physical gold. The investor has to pay the issue price and the bonds can be redeemed in cash on maturity.






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