State Bank of India Gold Loan

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SBI Gold Loan is a special loan, offered to those who possess gold, lying idle in safes and lockers, but who have financial requirements. Almost all households of India invest in gold as has easy liquidity. With easy repayment facilities provided, this loan has met the needs of many. You can apply for gold loan in SBI at At our website, you can also access SBI Gold Loan EMI calculator and know SBI gold loan eligibility, gold loan features, documents required for gold loan, and gold loans interest rates in SBI for free.

Our website, provides all the information about Gold Loan in SBI:

State Bank of India Gold Loan Details Updated on 17th June 2019

Loan Amount

Rs. 20 thousand to Rs. 20 lakhs

Loan Tenure

2 Years

Interest Rate


Why Choose SBI Gold loan?

The State Bank of India has attractive offer on gold loan. It charges nominal rate of interest. The loan amount can be used for desirable purpose. Loan tenure is flexible and one can get maximum amount as per the gold weight. The procedure for loan sanctioning is transparent and the bank has helped several customers fulfil their financial needs with loan against gold.

Features of SBI Gold Loan

  1. The gold ornaments are pledged as security and are returned, when the loan amount is repaid.
  2. The loan amount can be prepaid and no pre-payment charges are levied.
  3. A maximum of Rs. 20 lakh can be availed, depending on the gold pledged with the bank.
  4. Facilities are made to repay the amount through easy EMIs, which is subject to the repayment capacity of the borrower and can range between 30 and 36 months, to meet needs of users according to their capacity.

Why Apply for SBI Gold Loan?

Loanbaba provides comprehensive information about gold loans online by State Bank of India. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for SBI Loan against gold online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

SBI Gold Loan Interest Rates

The interest rate charged is related to various factors. The interest rates range between 13.05% and 17.65% p.a. the SBI has the right to change its interest rates and borrowers have to clarify with the bank about the existing bank rate. The rates mentioned are, as per the norms in May 2016 and may change.

State Bank Gold Loan Eligibility Calculator

Gold loan eligibility may differ from one candidate to another. You can also use free-of-cost SBI gold loan eligibility calculator at

Types of SBI Gold loans

The State Bank of India has gold loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

State Bank of India Gold loan FAQs

Below provided are important questions about gold loan SBI.

  • addFAQs
    1. What are the eligibility criteria for State Bank Gold Loan?
      • The borrower should have a minimum age limit of 21 years, to avail the loan.
      • The income generated by the borrower should be steady and be sufficient to repay the loan and the interest.  An individual of any profession can apply
      • The borrower should be only an SBI customer, currently having an account with the bank.
      • The gold that is submitted as collateral should be that of the borrower.
    2. What are the documents required for loan against gold SBI?
    3. Document to be submitted are: The ID Proof which may be the PAN Card, Drivers license, Voter’s ID, etc; the address proof can be any Utility bill, Drivers License, Passport, etc; two passport size photographs to be attached. The application form to be filled and duly signed.

    4. What are the fees and charges of SBI loan against gold?

    The processing fee charged on application is very nominal. The amount varies with the amount taken as loan and the gold kept as collateral. The quality of the gold varies and impacts the processing fee.

    • If the gold ornament has no MIS Hallmark: the amount charged is 0.50% and involves a minimum amount of Rs. 250 and maximum amount of Rs. 500.
    • If the gold ornament has no Hallmark,
    1. 250 is the amount charged for loans up to Rs.25,0000
    2. 50% of the loan amount for an amount of Rs. 25,000 and a maximum limit of Rs. 500

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of State Bank of India.

State Bank of India Gold Loan Review

Gold Loan
star star star star star 15.0/5
State Bank of India provided me an instant response in regards to my Gold Loan application. The processing charges were minimal. It is a trusted service from their team.
Mumbai June 13, 2019
Gold Loan
star star star star star 14.0/5
My experience with State Bank of India for Gold Loan in Bangalore was a good one. My schedule was so hectic that I chose to apply online for the loan at loanbaba and was not disappointed by either of their service. Both loanbaba and Andhra were professional in their service.
Mumbai June 13, 2019
Gold Loan
star star star star star 15.0/5
I had applied my Gold Loan in Mumbai at State Bank of India. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai June 12, 2019
Gold Loan
star star star star star 15.0/5
I requested for Gold Loan in Ahmadabad from State Bank of India. At first there were some issues as their charges were increasing my expenses than expected, but worked out a solution to it. All thanks to their customer service.
Mumbai June 12, 2019

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