State Bank has brought a special SME gold loan for traders suffering economic losses in the Corona period, know what is the whole scheme.
Lockdown and curfew in all the states of the country amidst the second wave of Corona epidemic spreading in the country has caused financial damage to almost every business and business. If you are also involved in people facing similar financial losses, then we are telling you how you can rebuild your business.
If you are a businessman or want to start a business, then let us tell you that you will not have to take money from anywhere on interest because State Bank of India is offering a special loan for you. To take this loan, all you need is the gold kept in your house, which will give you maximum loan amount.
This loan from SBI is an SME gold loan being given to businessmen or people starting a business, whose terms have been made very easy so that more and more people can start their business.
Know what is SBI’s SME Gold loan
As we mentioned above, this gold loan of SBI is for the businessmen and those who start the business. In which SBI is giving you a loan from Rs 1 lakh to Rs 50 lakh to start a business.
SBI has fixed 7.25 percent interest rate for this gold loan being given for business. That is, if you take a loan of one lakh rupees, then you will have to pay interest of Rs 7,250 a year on one lakh rupees.
While taking any business loan, you have to show the required balance sheet, but for this gold loan of SBI, you do not need a balance sheet. Because you are going to take this loan by depositing your gold.
If you want to take this gold loan or want to know more about it, then you can go to your nearest SBI branch and get full information about it. According to SBI, very few documents and short time process have been adopted for taking this loan.
