QUESTIONS & ANSWERS

Frequently Asked Questions

Get answers to your queries

Yes, with a Gold loan from South Indian Bank, your gold jewelry or ornaments are the sole collateral needed. No additional assets or guarantors are required, making it a simple and secure way to access funds.

Yes, CIBIL score is required for certain specific schemes.

South Indian Bank ensures the utmost security for your pledged gold. The gold is stored in secure vaults with advanced safety protocols. It is also sealed in tamper-proof packets, and customers receive a receipt as proof of deposit.

A Gold Loan is often preferred for urgent financial needs because it offers quick access to funds, a hassle-free process, and minimal documentation compared to other loans.

Yes, existing Gold Loan customers can apply for a top-up loan, subject to eligibility and current gold value.

No, there are no restrictions on the end-use of a Gold loan. You can use the funds for any lawful purpose, including personal needs, business expenses, medical emergencies, or education.

Yes, you can apply for a Gold loan even if you have other active loans(stantard category loans).

The approval process is quick, based on the valuation of the gold ornaments, credit assessment and KYC compliance. Once approved, funds are disbursed promptly, ensuring immediate access to the required funds.

Flexible repayment options include:

Bullet repayment at the end of the loan tenure
Monthly interest servicing or EMI, depending on the loan scheme chosen

The loan amount ranges from a minimum of Rs. 5,000/- to a maximum of Rs. 1 crore, depending on the value of the pledged gold and the specific loan scheme.

Yes, foreclosure is allowed.

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