SBI Gold Loan Interest Rate
State Bank of India (SBI) is one of the best banks to avail of a gold loan. SBI gold loan interest rate starts from 8% p.a. for Personal Gold Loan as well as Realty Gold Loan. For any loan amount, the SBI bank gold loan interest rate is fixed at 0.30% above the 1-year Marginal Cost Of Funds Based Lending Rate (MCLR) of the bank, which is 7.70% with effect from 6th June 2025.
Current SBI Gold Loan Interest Rate
Below are the details of the current SBI gold loan interest rates with effect from 06.06.2025:
SBI Personal Gold Loan
SBI gold loan interest rate for any loan amount: 0.30% above the 1-year MCLR (7.70%)
| Scheme | 1 Year MCLR | Spread Over 1 Year MCLR | Effective Rate of Interest |
|---|---|---|---|
| Personal Gold Loan (all variants) | 7.70% | 0.30% | 8% p.a. |
SBI Realty Gold Loan
SBI gold loan interest rate for any loan amount: 0.30% above the 1 year MCLR (7.70%)
| Scheme | 1 Year MCLR | Spread Over 1 Year MCLR | Effective Rate of Interest |
|---|---|---|---|
| Realty Gold Loan (all variants) | 7.70% | 0.30% | 8% p.a. |
Compare SBI Gold Loan Interest with Other Lenders
Below is the comparison of the SBI gold loan rate of interest with other lenders. You can check the interest rates of top lenders to see which is the best gold loan bank available in India before you apply for the loan.
| Bank | Rate of Interest (p.a.) |
|---|---|
| SBI Gold Loan | 8% |
| Federal Bank Gold Loan | 8.49% onwards |
| Bank of India Gold Loan | 7.25% - 8.90% |
| Bajaj Finserv Gold Loan | 10% - 28% |
| Bank of Baroda Gold Loan | 9.20% - 9.30% |
| Canara Bank Gold Loan | 13% onwards |
| HDFC Bank Gold Loan | 7.60% - 16.81% |
| Indian Bank Gold Loan | 8.25% onwards |
| ICICI Bank Gold Loan | 10% - 17.95% |
| Kotak Mahindra Bank Gold Loan | 8% - 17% |
| Axis Bank Gold Loan | 17% - 19% |
Features of SBI Gold Loan
The following are the key features of the SBI gold loan:
- State Bank of India gold loan can be availed of by pledging gold ornaments, including gold coins, sold by banks with minimal paperwork and a low gold loan interest rate.
- The loan amount available as an SBI gold loan ranges from a minimum of Rs. 20,000 to a maximum of Rs. 50 Lakhs.
- The margin requirements are as follows:
- Gold Loan: 25%
- Liquid Gold Loan: 25%
- Bullet Repayment Gold Loan: 35%
- The borrower has to pledge their gold ornaments as security, duly verified for quality and quantity.
- The processing fee is nil till 31.01.2026. Under the Festive Period offer.
- SBI jewel loan interest rate is 0.30% above the 1-year MCLR (i.e., 7.30%) for any loan amount. The current interest rate is 8% p.a.
- The applicant also has to pay gold appraiser charges.
- Margin:
- SBI Realty EMI Gold Loan: 25%
- SBI Realty Liquid Gold Loan (Overdraft): 25%
- SBI Realty Bullet Repayment Gold Loan: 35%
- Repayment tenure: Maximum 36 months for Gold Loan and Liquid Gold Loan, and 12 months for Bullet Repayment Gold Loan.
- Repayment mode:
- Gold Loan EMI Based: Under this mode, the repayment of principal and interest begins from the month following the disbursement month.
- Liquid Gold Loan: It is an overdraft account with a transaction facility, and monthly SBI gold loan interest has to be paid.
- Bullet Repayment Gold Loan: Maximum 36 months for Gold Loan and Liquid Gold Loan, and 12 months for Bullet Repayment Gold Loan. Drawing power may change according to the current market price of gold within the sanctioned limit.
Types of Gold Loans in SBI Bank
SBI offers the following two types of gold loans:
SBI Personal Gold Loan
- Minimum loan amount: Rs. 20,000.
- Maximum loan amount: Rs. 50 Lakhs.
- Margin: 25% to 35%.
- Security: Pledge of gold ornaments verified for quality and quantity.
- State Bank of India gold loan interest rate: 8% p.a.
- Processing fees: Nil till 31.01.2026.
- SBI gold loan eligibility: Any individual (singly or jointly) aged 18 years and above with a steady source of income, including the bank’s employees and pensioners. No income proof is required.
- Repayment mode: Gold Loan EMI-based, Liquid Gold Loan, and 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.
- Repayment tenure: 12 to 36 months.
SBI Realty Gold Loan
- Minimum loan amount: Rs. 50,000.
- Maximum loan amount: Rs. 50 Lakhs.
- Margin: 25% to 35%.
- Security: Pledge of gold ornaments verified for quality and quantity.
- SBI gold loan interest rate: 8% p.a.
- Processing fees: Nil till 31.01.2026.
- SBI gold loan eligibility: Existing as well as new housing loan borrowers of SBI aged 18 years and above can apply for this loan.
- Repayment mode: SBI Realty EMI Gold Loan, SBI Realty Liquid Gold Loan, and SBI Realty 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.
- Repayment tenure: 12 to 36 months.
Gold Loan Per Gram Rate in SBI
Today's SBI gold loan rate per gram is between Rs. 4,961 to Rs. 5,167. The rate per gram depends on various factors, such as the gold rate today, the rate of interest, tenure of repayment, gold’s purity and value, gold loan scheme, and so on.
SBI Gold Loan Calculator
You can use our SBI bank gold loan calculator to know the amount you need to pay every month throughout the loan tenure for the SBI gold loan. Knowing your EMI beforehand will help you plan your finances and reduce the chances of default.
Follow the steps mentioned below to use the gold loan calculator:
- Go to the Gold Loan EMI Calculator page.
- Enter the desired loan amount, the SBI gold loan rate of interest, and the repayment tenure
- Once you enter all the required details, you will see the Equated Monthly Instalment (EMI) amount on the screen.
EMI calculator also assists in determining which gold loan offer is best for you. You can use this tool multiple times without cost.
SBI Gold Loan Fee & Charges
Following are the charges applicable for SBI gold loan:
- Interest rate: SBI gold loan interest rate starts from 8% p.a., which is among the lowest gold loan interest rates. The SBI gold loan interest is linked to its 1-year MCLR, which is 7.70% at present.
- Processing fee: Currently, the processing fee for the SBI gold loan is Nil till 31.01.2026 under the Festive Period offer. Otherwise, it is 0.25% of the sanctioned loan amount, subject to a minimum of Rs. 250 + applicable GST. Also, if you apply for the loan through the YONO mobile app, you don’t have to pay a processing fee.
- Gold appraiser charges: Apart from the SBI bank gold loan interest rate and processing charges, you will also be required to pay gold appraiser charges. These are shared at the time of application.
SBI Gold Loan Documents Required
Following is the list of documents required for a gold loan at SBI:
- Documents required to apply for the loan
- Gold Loan application with 2 copies of photographs
- Proof of identity and address
- Witness Letter in case of illiterate borrowers
- Documents required at the time of disbursement
- DP Note & DP Note Take Delivery Letter
- Gold Ornaments Take Delivery Letter
- Arrangement Letter
How to Apply for a Gold Loan in SBI Bank?
You can also apply for the SBI gold loan through any of the following options:
- Visit the official website of SBI and fill up the gold loan application form online under the Gold Loan page.
- You can dial 1800 11 2211 for information regarding the SBI gold loan application process.
- Give a missed call on 7208933143 and get a call back from SBI’s Contact Centre.
- You can also SMS “GOLD” on 7208933145 and get a call back from SBI’s Contact Centre
FAQs
The failure to repay 3 consecutive or more payments will ultimately lead to your gold being auctioned off by the bank for recovery since the gold was pledged by you as collateral against the loan.
You can repay your gold loan through any of the following repayment modes with a 12 to 36-month tenure:
- Gold Loan EMI Based: Under this mode, the repayment of principal and interest begins from the month following the disbursement month.
- Liquid Gold Loan: It is an overdraft account with a transaction facility, and the monthly SBI gold loan interest has to be paid.
- Bullet Repayment Gold Loan: Maximum 36 months for Gold Loan and Liquid Gold Loan, and 12 months for Bullet Repayment Gold Loan. Drawing power may change according to the current market price of gold within the sanctioned limit.
Yes, a gold loan influences your credit score. Handling your gold loan payments responsibly will result in improving your credit score. Make sure you repay your gold loan in a timely manner and in full to avoid reducing your CIBIL Score.
The SBI gold loan application process is hassle-free, and the approval along with disbursal is instant. The time taken depends on the application being accurately and completely filled by the applicant.
The eligible applicant who wishes to apply for the SBI gold loan has to approach their nearest SBI branch and collect the gold loan application form from the bank. After completing the application form by filling in all the necessary details and attaching the required documents, the applicant has to submit the same to the appropriate bank. On successful approval, the applicant will have the loan amount disbursed instantly.
The current SBI gold loan interest rate is 8% for a personal gold loan as well as realty gold loan schemes.
Yes, you can get an SBI gold loan from any SBI branch.
Currently, the SBI gold loan rate per gram is between Rs. 4,961 to Rs. 5,167.
No, a PAN card is not a mandatory requirement for an SBI gold loan application.
After the death of the main borrower, either the co-applicant or guarantor has to repay the loan. Or else the borrower’s family members can also repay the loan. If no one agrees to repay the loan, then the bank seizes the pledged gold for recovery.
You can reduce your gold loan interest by following the 6 tips mentioned below:
- Borrow the exact amount that you require.
- You can choose the bullet repayment method.
- Prioritise your monthly repayments.
- Opt for a shorter repayment tenure.
- Make prepayments or partial payments if you can.
- Refinance with a lower rate of interest.
You check the status of your SBI gold loan by visiting the SBI website or downloading the SBI loan app and choosing the specific loan product availed by you. You will have to enter your loan reference number and registered mobile number to check the status of your SBI gold loan.
Reshma Rawat is a passionate writer, with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra, and writes blogs & webpages on financial products (loans, credit cards, insurance, financial policies by government, mutual funds, etc.
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