South Indian Bank has launched a new gold loan called SIB Gold Xpress. It’s designed to help people get money quickly and easily by using their gold as security. If anyone need money fast and have gold, this is a convenient option to get a loan without selling your gold.
With this scheme, customers can get loans from as little as ₹25,000 or as much as ₹25 lakh. Customers can get up to 90% of your gold’s value as a loan. The loan can be taken for a period of up to three years.
This product is designed especially for MSMEs, small businesses, and individuals who need funds for things like business growth, working capital, or personal needs. The bank promises no hidden charges, so customers will know exactly what they are paying for.
The process to get the loan is simple, fast, and fully digital. Even people who are new to credit can apply easily with basic checks. Customers can safely pledge their jewellery and take advantage of South Indian Bank’s wide network across India.