SBI is offering special loans for business, you can take up to Rs 50 lakh on low terms

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The State Bank of India has now come up with a special loan scheme for those who want to increase their own business. In the loan, traders will be given loans ranging from 1 lakh to 50 lakh rupees.

The State Bank of India has now come up with a special loan scheme for those who want to increase their own business. In such a situation, SBI is giving you a loan on the gold kept at your house, so that you can easily increase the business. In such a situation, SBI is giving SME Gold Loan, from which you can get a loan of 1 lakh to 50 lakh on gold kept at home. This is a special type of loan, which is being found on gold for business.

SBI has given information about this loan by tweeting and has told which people can take advantage of this loan and what are the terms and conditions for this loan. In this, loans are being given to the same people, who already have business and now they are going to promote it. Let’s know everything related to this loan…

How many rupees can be given for a loan?

In this loan, loans ranging from 1 lakh to 50 lakh will be given to the traders. It is an overdraft and demand loan for traders, which is being given for business growth. However, if you take this loan, then you will have to pay the loan within the next 12 months, that is, the loan will have to be repaid. Also, the amount of loan will be decided on the basis of gold and trade being pledged on your behalf.




How much is the processing fee?

If you talk about processing fees, then people taking a loan of up to Rs 10 lakh will have to pay tax along with a fee of 500 rupees. However, if you are taking a loan of more than 10 lakh rupees, then your processing fee will be 1000 rupees and tax.

How much interest will there be?

According to information released by SBI, the rate of interest will be taken at 7.25 percent. However, there are many other conditions in this too, which you must know before taking a loan. The most important thing is that the balance sheet of the company is not even required for this.

How to apply?

You can get more information about this by visiting the official website. Apart from this, you can go to the bank branch and talk about this loan and also apply for it.

There is also a special scheme for senior citizens

SBI Pension Loan Scheme for retired employees is of great use. Under this scheme, pensioners are getting a loan of lakhs of rupees on one call. Under this scheme, pensioners can avail a loan up to a minimum of Rs 2.50 lakh and a maximum of Rs 14 lakh. The interest rate of the loan is 9.75 percent. Application for loan will also be done through a phone call. Apart from this, an application for loan can also be made through missed call or SMS.

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Article first Appeared on Informalnewz

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