SBI Gold Loan

✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Check Eligibility

A gold loan from SBI can help you borrow amounts of up to ₹50 Lakhs at affordable rates starting from 0.75% per month. 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.

Interest Rates and Charges for an SBI Gold Loan

The SBI Gold Loan Interest rates and other charges are as follows:

Interest Rate	0.75% p.m. or 9.05% p.a. onwards
Processing Fee	₹200 + GST to 0.50%
Foreclosure Charges	Nil

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

Eligibility Criteria for an SBI Gold Loan

Here are some common requirements you need to fulfil to qualify for a gold loan from SBI:

Your age should be over 18 years
You must have a steady source of income
In the case of the SBI Realty Gold Loan, you must have an SBI Home Loan

Documents Required for an SBI Gold Loan

Keep the following documents handy to ensure a smooth application process for an SBI Gold Loan:

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 illiterate

How to Apply for a State Bank of India Gold Loan

Follow these simple steps to apply for an SBI Gold Loan online:

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

To apply for the loan offline, carry the required documents and visit a nearby branch office of SBI. Reach out to a bank executive who will further assist you with the process.

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Gold Rate in Popular Cities

Gold Loan Quick Links

How can I repay my SBI Gold Loan?

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.

Is it possible to get a loan against gold coins purchased from other private or nationalised Banks?

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.

Can I make a partial payment and get some of the jewellery back?

SBI does not offer a part-release facility on their gold loans. So, you cannot pay a portion of the loan to release some of the pledged gold. However, this is subject to the lender’s policies. Reach out to SBI and discuss the options available before making any financial decisions.

Is the loan amount offered at the per-gram rate today?

Yes. The quantum for an SBI Gold Loan is offered as the current rate of gold.

Is a co-applicant necessary for me to be approved for an SBI Gold Loan?

It is not mandatory to have a co-applicant when getting an SBI Gold Loan. However, having a co-signer can boost your eligibility for the loan, especially if they have a strong credit profile and repayment history.