SahiBandhu Gold Loan

The key benefits of the SahiBandhu gold loan are:

• Attractive interest rates
• Instant loan across the table
• Multiple repayment options
• Loan amount disbursal within 30 minutes of approval
• Flexible tenure of up to 12 months
• Simple and easy documentation
• Wide range of products
• No CIBIL score required
• Complete safety of gold deposit
• Personal assistance
• Ease of Application
• Trusted Banking Partners

Below are the three different types of gold loan products offered by SahiBandu:

SahiMax 

SahiMax gold loan scheme comes with a flexible repayment option where you only pay monthly interest, and the principal amount has to be paid at the time of loan closure. It is like getting a loan and paying interest in EMIs (Equated Monthly Instalments), making it a convenient choice to manage your finances.

For instance, if you borrow a gold loan of Rs. 50,000 under the SahiMax scheme, you will only need to pay the monthly interest on the borrowed amount. When you want to close the loan, you will have to repay the principal amount and outstanding interest (if any). 

SahiDelight 

SahiDelight gold loan offers a bullet repayment plan, allowing you to settle the entire loan amount with a single payment, including the principal as well as interest amount when closing the loan. It is a great option for those who wish to get the loan now and pay it later in one go.

For instance, you need funds for renovating your home. With SahiDelight’s bullet repayment plan, you do not have to worry about monthly payments. Instead, you can complete the renovation work first, knowing that you will repay the entire amount with interest, in one go at loan closure.

SahiFlexi

SahiFlexi gold loan is an overdraft facility under which you can set up an overdraft limit to withdraw funds according to your needs. You will have to pay interest for the duration of the overdraft amount used by you, and the final loan quantum will be settled at the loan closure. It is a pay-as-you-go approach, which allows you to pay only for what you use.

For instance, you have varying financial needs over time, such as setting up a business, funding day-to-day business expenses or managing seasonal fluctuations. With the SahiFlexi overdraft facility, you can set up an overdraft limit. Let’s say you pledged your gold as collateral to get a loan of Rs. 10,00,000. However, you do not need the entire amount at once and use just Rs. 3,00,000 in the first month. In this case, you will have to pay only the monthly interest for the used amount (i.e. Rs. 3,00,000) until the loan is repaid. If you do not need more funds, you can pay the used loan amount to close the loan.

SahiBandhu gold loans have highly competitive interest rates that start at 0.79% per month. SahiBandhu applies the reducing balance method for interest calculation, which means that interest is charged on the balance loan amount after the principal is repaid. This leads to a lower interest amount levied over time. 

SahiBandhu offers different gold loan schemes viz. SahiMax, SahiDelight, and SahiFlexi. SahiMax gold loan scheme comes with a flexible repayment option where you only pay monthly interest, and the principal amount has to be paid at the time of loan closure. SahiDelight gold loan offers a bullet repayment plan, allowing you to settle the entire loan amount with a single payment, including the principal as well as interest amount when closing the loan. SahiFlexi gold loan is an overdraft facility under which you can set up an overdraft limit to withdraw funds according to your needs.

SahiBandhu gold loans have highly competitive interest rates that start at 0.79% per month. Apart from the nominal interest rate of 0.79% per month, SahiBandhu may apply certain charges on the gold loan, such as processing fees or late payment fees. You may call the SahiBandhu Gold Loan customer care team by dialling 1800 309 8440 to get more information about SahiBandhu gold loan fees and charges.

Below are the detailed eligibility criteria for the SahiBandhu gold loan:

• The applicant must be an Indian resident and citizen.
• The applicant must be in the age group of 18 to 70 years.
• The applicant must have any gold ornament above 18 carats

The documents required for the SahiBandhu gold loan are mentioned below:

• A passport-size photograph
• Identity proof: Driving License/ PAN Card/ Form 60 or 61/ Passport Copy/ Voter ID Card/ Aadhaar Card/ Ration Card
• Address proof: Driving License/ Voter ID Card/ Ration Card/ Aadhaar Card/ Passport Copy/ Registered Lease Agreement with Utility Bills in the landlord’s name (not older than 3 months)
• Landholding proof (in case of agriculture loan)

You can contact the SahiBandhu Gold Loan customer care team through: 

• Customer care number: 1800 309 8440 
• Email: customer.care@sahibandhu.com. 

SahiBandhu Gold Loan customer support is available from Monday to Saturday from 8 AM to 8 PM and from 9 AM to 6 PM on Sundays. 

You can also request a callback from the SahiBandhu website