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Please Note: SBI is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
Gold loan is a type of secured loan where one pledges their gold articles to avail loan to meet their short-term credit. Being a secured loan, it can be availed quickly with minimal documentation. However, just like any other loan, it is important to plan out your expenses for the tenure you are taking loan from. SBI Gold loan EMI calculator will give you an indicative value you need to pay towards your loan amount.
Since different banks/ small finance institutions offer different interest rates, using paisabazaar gold loan EMI calculator will help you determine your EMI on different interest rates, loan amount and loan tenures. This will ultimately help you to plan your expenses for the foreseeable future.
SBI offers three types of repayment method-Gold loan EMI, Bullet repayment and liquid gold loan. One can know the SBI gold loan EMI (approximately) from this page by entering key details such as net weight, purity, loan amount, rate of interest and loan term in the given space.
It is very easy to use the Paisabazaar gold loan EMI calculator to determine your EMI amount. All one needs to do is input the following details and you will know the EMI you would be required to pay.
Note: While adding weight of your gold ornaments, do not add the weight of the diamonds and other precious stones, silver
Following are some of the factors which affects payable EMI amount and they are:
Loan amount – Higher the amount you borrower, higher will be your EMIs
Interest Rate – Interest rate directly affects EMI payment as higher the rate, higher will be the EMI amount
Tenure – EMI amount if shorter period is chosen at the time of application and vice versa
In case of any query related to gold loan, you can connect with their customer care through the following ways:
| Toll-free Number | 1800-11-2211/080-26599990 |
| SMS | Type UNHAPPY send it to 8008202020 |
The maximum gold loan amount that one can avail from SBI is up to 75% of the market value of the gold.
SBI bank charges processing fees of 0.50% of the loan amount along with GST.
Yes, anyone over the age of 18 with gold ready to pledge (Purity should be over 18Karat) can avail gold loan from SBI
To apply loan, borrower is required to give the following documents:
The maximum gold loan one can avail from SBI is Rs 20 lakh or 75% of the gold value, as per the RBI
The interest rate for SBI gold loan is 9.15%. However, it also offers rural gold loan and realty gold loan (meant exclusively for SBI housing gold loan customers) and their interest is given below:
| Scheme | Interest Rate |
| Rural gold loan | 9.95% |
| Realty Gold Loan | 8.40% |