SBI Gold Loan
State Bank of India (SBI) offers two types of gold loans, i.e., SBI Personal Gold Loan and SBI Realty Gold Loan. You can avail of up to Rs. 50 Lakhs as SBI gold loan amount at an attractive interest rate starting from 9.00% p.a. and repay the borrowed amount in up to 36 months tenure.
Apply for SBI Gold Loan @ 9.00% Interest Rate

Key Details of SBI Gold Loan
Parameter | Details |
---|---|
Loan Amount | ₹20,000 to ₹50 Lakhs |
Tenure | Up to 36 months |
Interest Rate | Starts at 9.00% per annum |
Processing Fee | 0.25% of the loan amount (Min ₹250) + GST; No fee if applied via YONO |
Margin Requirement | 25% to 35% |
Security | Pledged gold ornaments and coins |
Minimum Age | 18 years and above |
Note: This page is just for information. We are not partnered with this bank and don’t offer its products & services.
SBI Bank Gold Loan Features
SBI gold loan comes with various attractive features. The following are the key features offered on the SBI Bank gold loan:
- Purpose of loan: SBI gold loan amount can be used for a variety of financial needs such as education, marriage, vacation, medical treatments, and so on. However, the funds should not be used for speculative activities.
- High loan amount: You can avail of a loan amount of as low as Rs. 20,000 to up to a maximum of Rs. 50 Lakhs from SBI as a gold loan. The amount can be used for any purpose (like a wedding, vacation, medical expenses, etc.), just like a personal loan.
- Margin requirement: The margin requirement for the SBI bank gold loan is as follows
- Gold Loan: 25%
- Liquid Gold Loan: 25%
- Bullet Repayment Gold Loan: 35%
- Security requirement: To obtain the state bank gold loan, you will be required to pledge your gold ornaments and/or gold coins that are duly verified for their quality and quantity.
- Rate of interest: The SBI gold loan interest rate for any loan amount is 0.30% above the 1-year Marginal Cost of Funds based Lending Rate (MCLR) of the bank. The current interest rate is 7.80% p.a. (1-year MCLR of 7.50% + 0.30%).
- Processing fees: The processing fee for obtaining an SBI gold loan is nominal and currently stands at 0.25% of the sanctioned loan amount, subject to a minimum of Rs. 250 plus applicable GST. The processing fee is nil if applied through the YONO app. Apart from the processing fee, the applicant will also be required to pay gold appraiser charges.
- Repayment tenure: The maximum repayment tenure available for SBI gold loan is as follows:
- Gold Loan: Up to 36 months
- Liquid Gold Loan: Up to 36 months
- Bullet Repayment Gold Loan: Up to 12 months
- Repayment modes: SBI bank gold loan can be repaid via any of the following modes:
- Gold Loan EMI Based: Under this method, the repayment of principal and interest amount will commence from the month following the disbursement month
- Liquid Gold Loan: Under this mode, the repayment can be made by an Overdraft Account with a transaction facility, and the monthly interest has to be served.
- Bullet Repayment Gold Loan: The repayment has to be done on or before the term of the loan or on the closure of the account.
- Online EMI calculation: You can use the SBI gold loan calculator or EMI calculator to calculate the SBI gold loan EMI instantly before applying for the loan.
- SBI Realty Gold Loan: SBI also offers SBI Realty Gold Loan to its existing as well as new housing loan borrowers. All the features of this product are similar to the SBI Personal Gold Loan.
SBI Gold Loan Interest Rate
SBI Gold Loan Interest Rates – Based on MCLR
Scheme | MCLR Tenure | MCLR Rate | Spread Over MCLR | Effective Interest Rate |
---|---|---|---|---|
Gold Loan – EMI Based | 1 Year | 9.00% | +1.25% | 10.25% p.a. |
Bullet Repayment – 12 Months | 1 Year | 9.00% | +0.30% | 9.30% p.a. |
Bullet Repayment – 3 Months | 3 Months | 8.55% | +0.45% | 9.00% p.a. |
Bullet Repayment – 6 Months | 6 Months | 8.90% | +0.30% | 9.20% p.a. |
SBI Gold Loan Eligibility Criteria
The eligibility criteria for the SBI gold loan are simple and easy to meet. The SBI gold loan eligibility criteria are mentioned below in detail:
- Age: The applicant must be aged 18 years and above to be eligible to apply for an SBI gold loan.
- Profession: The state bank gold loan can be availed of by any individual (either singly or jointly) who has a steady source of income, including bank employees and pensioners.
- Income proof: No proof of income is required to apply for an SBI bank gold loan. However, the applicant should have a steady source of income to service the loan.
Compare SBI Gold Loan with Other Lenders
Below is the comparison of SBI gold loan with gold loans of other lenders in terms of the loan amount, gold rate of interest, processing fees, and repayment tenure:
Lender | Interest Rate (Per Annum) | Maximum Loan Amount | Maximum Tenure |
---|---|---|---|
SBI Gold Loan | 9.00% | Rs. 50 Lakhs | 36 months |
ICICI Bank Gold Loan | 9.15% | Rs. 1 Crore | 12 months |
Axis Bank Gold Loan | 17.00% | Rs. 25 Lakhs | 36 months |
Kotak Gold Loan | 9.00% | Rs. 1.5 Crores | 48 months |
Muthoot Gold Loan | 1.00% | No Maximum Limit | 12 months |
Fee & Charges of SBI Gold Loan
The following are the charges applicable for the State Bank gold loan:
- Interest rate: SBI offers a gold loan at 9.00% p.a. rate of interest, which is among the lowest gold loan interest rates.
- Processing fee: The processing fee for obtaining an SBI gold loan is 0.25% of the sanctioned loan amount, subject to a minimum of Rs. 250 plus applicable GST. You don’t have to pay a processing fee if you apply for the loan through SBI’s mobile app YONO.
- Gold appraiser charges: Apart from the interest rate and processing fee, the applicant will also be required to pay gold appraiser charges. These charges are shared at the time of application.
How to Apply for a State Bank Gold Loan
- Visit the official website of the bank and fill up the gold loan application online under the Gold Loan page.
- Dial 1800-11-2211 for information regarding the State Bank gold loan application process through the Contact Centre.
- Give a missed call on 7208933143 to get a call back from SBI’s Contact Centre.
- SMS “GOLD” on 7208933145 to get a call back from SBI’s Contact Centre.
FAQs
SBI Gold Loan interest rates generally start from 9.00% p.a. onwards, varying based on the scheme and other factors.
The SBI gold loan per gram rate, with a 9.00% interest rate, means you'll pay 9.00% annual interest on the loan amount disbursed, which typically ranges from ₹4,228 to ₹5,286 per gram depending on the gold's purity and the market price.
Yes. SBI is the best public sector bank in India. SBI safely returns the submitted collateral (gold ornaments and/or coins) on the timely repayment of the loan amount. It is safe to avail of an SBI gold loan. Just make sure to repay the borrowed loan amount on time.
SBI gold loan can be repaid via any of the following modes:
- Gold Loan EMI Based: Under this method, the repayment of principal and interest amount will commence from the month following the disbursement month.
- Liquid Gold Loan: Under this mode, the repayment can be made by an Overdraft Account with a transaction facility, and the monthly interest has to be served.
- Bullet Repayment Gold Loan: The repayment has to be done on or before the term of the loan or on the closure of the account.
You can use the SBI gold loan calculator or EMI calculator to know your EMI before applying for the loan to make repayment easier.
No. The SBI gold loan renewal can be done offline by visiting the nearby SBI branch.
You can visit the website of SBI or download the SBI loan app and check the status of the SBI gold loan under the specific loan product. Just enter your reference number and registered mobile number to check the status of your loan.
You can dial 1800-11-2211 to contact the SBI Gold Loan customer care number and enquire about the SBI Gold Loan and its application process.