Siddhartha Bank Gold Loan interest rate 2083
Siddhartha Bank's gold loan is priced at 8.34% effective in Bhadra 2083: a 4.84% base rate plus a 3.5% premium. That ranks 10th cheapest of the 11 commercial banks we track for this product. On Rs. 2 Lakh over 12 months the EMI is about Rs. 17,429, plus a 0.5% processing fee.
- Effective rate
- 8.34%
- Base rate
- 4.84%
- Premium
- 3.5%
- Processing fee
- 0.5%
- Maximum tenure
- 36 months
- Maximum loan-to-value
- 70%
- Rank by rate
- 10 / 11
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.siddharthabank.com/interest-rates
Siddhartha Bank Gold Loan: effective rate 8.34%, EMI from Rs. 17,429 per month. Compare with 10 other banks.
Rate breakdown
Base rate
4.84%
Premium
3.5%
Effective rate
8.34%
Fixed
Not published
- Processing fee
- 0.5% (Min Rs. 500)
- Prepayment penalty
- 0%
- Loan amount
- Rs. 25 K – Rs. 25 Lakh
- Tenure
- 3 – 36 months
- Max financing
- 70%
- Age
- 21 – 65 years
Highlights
- Same-day disbursement
- Interest-only option
- Safe custody insured
Who is eligible
Hallmarked or assayed gold ornaments. Valuation at bank counter.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Gold ornaments
- Purchase receipt if available
Siddhartha Bank Gold Loan FAQ
What is Siddhartha Bank's current Gold Loan interest rate?+
Siddhartha Bank's Gold Loan floating rate is base rate 4.84% plus a premium of 3.5% to 3.5%, giving 8.34% to 8.34% effective from Bhadra 2083.
What is the EMI on a Rs. 2 Lakh Gold Loan from Siddhartha Bank?+
At 8.34% over 12 months, the EMI is roughly Rs. 17,429. Use the calculator above to change the amount or tenure.
Can I prepay a Siddhartha Bank Gold Loan?+
Yes. The published prepayment charge is 0% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
