Know more about the gold loans offered by SBI
A gold loan from SBI can help you borrow amounts of up to ₹50 Lakhs at affordable rates starting from 8.75% p.a. You can repay the loan over flexible tenures of up to 36 months. Furthermore, on the basis of your income and financial situation, you can choose to repay the loan through bullet payments or EMIs.
The SBI Gold Loan Interest rates and other charges are as follows:
Interest Rate |
8.75% p.a. onwards |
Processing Fee |
₹200 + GST to 0.50% |
Foreclosure Charges |
Nil |
*Disclaimer: The aforementioned rates are subject to change at the lender’s discretion.
Get amounts of up to ₹50 Lakhs by mortgaging your gold jewellery and coins
Benefit from interest rates starting from as low as 8.75% p.a.
Choose to repay the loan through bullet or EMI option, as per your convenience
Borrow up to 75% of your gold’s appraised value
It is not mandatory to submit your income proofs. However, you must have the repayment capability.
Use the amount borrowed to meet various financial requirements like medical emergencies and urgent trips
Choose from SBI Personal Gold Loan and SBI Realty Gold Loan as per your requirements
Individuals with a stable source of income can apply for this loan. They should be over 18 years of age. For the SBI Realty Gold Loan, the applicant needs to have a home loan offered by the bank. Alongside this, you will also be required to submit the following documents:
Complete the application form with two passport-size photographs
Identity and Address Proof: Any one of the following
Aadhaar card
Voter ID
Driving Licence
Witness letter in case the borrower is a literate
Follow these simple steps to apply for an SBI Gold Loan:
Visit the State Bank of India’s official website
Navigate to the ‘Loans’ tab and select ‘Gold Loan’
Click on the ‘Apply Now’ option on the right side of the screen
Choose your relationship with the bank (Yes or No)
Enter your personal details like name, gender, address, etc.
Provide your required loan amount and other details
Check your eligibility and submit your application
A representative will reach out to you for further proceedings.
If you've opted for a demand loan, you can easily manage your repayments through monthly EMIs. Meanwhile, if you have chosen the bullet repayment facility, you can pay both the principal and interest either on or before the loan’s maturity.
Yes. You can get a loan against specially minted gold coins sold by various banks, with a maximum weight limit of 50 grams per customer.