SBI Gold Loan

SBI Gold Loan Highlights
Interest rate	9.00%-10.25% p.a.
Collateral	Pledge of gold ornaments
Loan Amount	Up to Rs 50 lakhs
Loan Tenure	Up to 3 years
Gold Loan Repayment Facility	Demand Loan & Bullet Repayment Facility
Processing Fees	Up to 0.50% of the loan amount

Last updated as of 20 March 2025

SBI Gold Loan Interest Rates

SBI Gold Loan interest rates start at 9.00% p.a. State Bank of India offers gold loan interest rates based on the types of SBI Gold Loan schemes stated below:

Scheme	Interest Rates (p.a.)
Gold Loan EMI Based	10.25%
3 Months Bullet Repayment Gold Loan	9.00%
6 Months Bullet Repayment Gold Loan	9.20%
12 Months Bullet Repayment Gold Loan	9.30%

SBI Gold Loan Fees & Charges

Processing Fees

Particulars	Charges
3 Months Bullet Repayment Gold Loan	Rs 200
6 Months Bullet Repayment Gold Loan	Rs 300
12 Months Bullet Repayment Gold Loan	0.50% of the loan amount (Minimum Rs 500; Maximum Rs 10,000)
EMI based Gold Loan	0.50% of the loan amount (Minimum Rs 500)

Other Charges

The bank also levies ‘Gold appraiser charges’ to be paid by the applicant.

Features of SBI Personal Gold Loan

Purpose

SBI Personal Gold Loan is offered to individuals against the security of gold ornaments and specially minted gold coins (weighing maximum 50 grams) sold by Banks. Applicants can avail gold loan for meeting medical expenses, margin money for Education Loan and/or Home Loans and travel plans including consumption purposes.

Loan Amount on SBI Personal Gold Loan

Prospective applicants can avail gold loans between Rs 20,000 and Rs 50 lakh. The loan amount is based on gold purity i. e. on the basis of carat (22, 20, 18) and net weight. Applicants cannot avail loan against the security of Primary Gold i. e., 24 carats gold bars and biscuits.

Tenure offered on SBI Personal Gold Loan

SBI offers a gold loan for up to 3 years in an EMI based Gold loan scheme. Applicants can also avail of a 3-month, 6-month and 12-month tenure gold loan in the case of the bullet repayment option.

Repayment Options on SBI Gold Loan

The bank offers ‘Demand Loan’ and ‘Bullet Repayment Facility’ on personal gold loans. Borrowers can repay demand loans through monthly EMIs. In the case of a bullet repayment gold loan, borrowers can either repay the principal and interest on or before the maturity of the loan.

Margin of SBI Gold Loan

Particulars	Margin
Gold Loan EMI based	25%
3 Months Bullet Repayment Gold Loan	30%
6 Months Bullet Repayment Gold Loan	30%
12 Months Bullet Repayment Gold Loan	35%

Eligibility Criteria for availing SBI Gold Loan

SBI offers personal gold loans to applicants aged 18 and above who have a steady source of income. In the case of the bank’s employees and pensioners, no proof of income is required. NRI applicants having temporary local address can also avail SBI Gold Loan.

Documents Required for SBI Gold Loan Application

Stated below is the detailed list of documents required at the time of application and disbursement while availing SBI Personal Gold Loan.

Documents when applying for gold loan

• Gold Loan Application form and Photographs (2 copies)
• Identity Proof (Aadhar Card/Driving License/Voter Identity Card)
• Address Proof (Voter Identity Card/Aadhar Card/ Driving License)
• Witness Letter required in case of illiterate borrowers

Documents at the time of Disbursement

• DP note and DP Note Take Delivery Letter
• Gold Ornaments Take Delivery Letter
• Arrangement Letter

SBI Gold Bank Loan EMI Calculator

Applicants planning to avail Gold Loan from SBI Bank can use our online Gold Loan EMI Calculator, to find out their EMI based on the loan tenure and interest rate.