State Bank of India (SBI) was founded in 1955 with its headquarters in Mumbai, Maharashtra. It has 15,500 branches all over the World. It provides many banking products and financial services according to the needs of the customer. There are various loan schemes from which borrower can raise funds, but for instant finance, Gold Loan is the best option. There are so many banking and non-banking financial organizations that provide a gold loan but SBI gold loan is the best. You can use this amount of gold to fulfill any of your personal needs. It can be used for educational purposes or to boost up your business. Besides that, it can be used to pay your medical bills or for wedding purposes too. Bank doesn’t put any restriction on the use of the amount of the loan.

If you are going through some financial problems then it is quite wise full to make the use of your gold. Even if you want to put your gold in the locker under the security bank charges you but if you get a gold loan your gold assets will be kept under a fireproof security.

Features of SBI Gold Loan 

Following are the Features of Gold Loan:

  1. You can avail Loan up to Rs.1 Crore or more & up to 70% of value for any purpose
  2. You get 100% Safety & Security of your Gold Jewellery
  3. Get your Loan processed in less than 30 minutes
  4. Enjoy Anytime Liquidity.
  5. No EMI, Service only Interest and enjoy the Loan facility
  6. Lower Interest Rates
  7. Simple documentation and fast processing.
  8. Overdraft limit varies depending on the market rate of gold.
  9. The interest rate is payable the only amount of the overdraft that you use.

Why Consider SBI for a Gold Loan

Following are the Advantages of a Gold Loan:

  1. No income and salary criteria
  2. Gold loans do not require any documentation or validation for income or salary of the person. So even if you are unemployed and unsalaried you can still avail a gold loan. This is because you are pledging a valuable asset i.e. gold in return for the money.
  3. The gold loan can be provided in cases of bad credit history as well as low-income level.
  4. Relatively Lower interest rates- Another advantage of taking a gold loan is that they are available at low interest rates, say 12-16% annually in comparison to the personal loans interest rates of 15-26% per annum.
  5. You need to repay only the interest- You have the option to pay only the interest during the tenure of the entire gold loan and at the end of tenure, you can pay the entire borrowed amount in a single shot.
  6. Total Convenience- The most convenient of all the loans is a gold loan. This is because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 80% or more of its market value immediately.
  7. Less processing time- No tedious and lengthy documentation is required in case of gold loans, hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task.

 Documents Required for SBI Gold Loan

  1. Proof of Identity: Passport Copy/ Voters ID card/ Driving License.
  2. Address Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate. 
  3. Signature Proof: Passport Copy/Driving License/Banker's verification/cheque.
  4. 2 passport sized colored photographs.

 Additional Documents Required:

  1. The banks generally demand the above-given documents. However few banks demand some additional documents, which are mentioned below:
  2. Land Proof: In case of Agriculture Loan of more than Rs. 1 lac. The proof is not required for allied agriculture purposes.
  3. A Demand Promissory Note.
  4. Certificate by the Jewel Appraiser (Bank will arrange).
  5. Income Proof: Salary Certificate and Form No.16.

SBI Gold Loan at a Glance

Gold Loan is the best Loan to overcome you are immediate as well as short-term needs. The documentation process for this loan is quite simple. There are no credit checks needed for this financing. A person suffering from bad credit score even avail for a gold loan. The interest rate offered in Loan against gold is less compared to other Loan. To compare the Gold Loan interest rates Click Here.

Gold Loan is an easy and simple way to get instant finance. It is a 30 minutes disbursal product. Check Gold Loan Interest Rates offered by all the leading banks across the country. Compare the offers and choose the best one. Apply now and get money against your gold within 30 minutes.

Gold Loan Interest Rate: Updated 


Gold Loan Interest Rate

Get The Best Offer

Muthoot Finance

12.00% - 24.00%

Apply Now

Manappuram Gold Loan

12.00% - 26.00%

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10.00% - 15.50%

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10.00% - 16.50%

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State Bank of India

13.95% - 14.45%

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Axis Bank

14.50% - 17.00%

Apply Now


SBI Gold Loan

Use the power of gold with SBI Gold Loan. You can take advantage of a loan against Gold to expand your business or to fulfill other financial requirements. It is the most suitable option for those people who have a bad credit and need a Personal Loan or a Business Loan. We can help you with a range of gold loan schemes at competitive rates and also assist you with doorstep banking facilities. Apply and get the free quote.

SBI Gold Loan: Interest Rates


Loan against Gold Ornaments

Size of Credit Limit

Rate of Interest

Up to Rs. 1,00,000/-

4.25% above Base Rate Floating, currently 13.95% p.a.

Above Rs. 1,00,000/-

4.75% above Base Rate Floating, currently 14.45% p.a.



There are many banks that provide Gold Loan For Agriculture Purposes. People can also avail them and get a discount on the interest rate charged


SBI Gold Loan EMI Calculator SBI Gold Loan Interest Rates
SBI Gold Loan EMI Calculator SBI Gold Loan Interest Rates