SIB gold loan, business segment
A South Indian Bank gold loan that gives individuals and proprietors working capital for their business against gold jewellery.
Last updated on
Not yet confirmed. The details on this page are based on South Indian Bank, gold loans business segment (external site) (official website) and South Indian Bank, gold loans (external site) (official website), and we have not been able to confirm them against a current official page. Check with The South Indian Bank Limited before you rely on them.
- Status
- Open
- Run by
- The South Indian Bank Limited
What you get
- Working capital against gold ornaments of 18 carat or above
- Loans from ₹25,000
- Up to 85% of the gold's value
- Repayment over up to 36 months
Who can apply
- Businesses that are already running.
- Nano and micro enterprises.
- Age 18 or over.
- Individuals and proprietorships aged 18 or over
- Must show documents for an income earning activity
How to apply
- Take your gold and proof of your business activity to a South Indian Bank branch
In person, any South Indian Bank branch
In Kerala, any South Indian Bank branch
Documents to keep ready
- Documents showing an income earning business activity
Figures you may see elsewhere
The business segment page says funding up to ₹50 lakh, while the main gold loans page lists the business segment loan at up to ₹25 lakh. Neither figure is used here until checked.
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.