SBI Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350
| SBI Bank Gold Loan Per Gram Today | Gold Loan Rate Per Gram Today is ₹ 3,800 to ₹ 4,350 |
| Eligible Age | 18 to 75 years |
| Loan Amount Eligibility | Rs. 1,000 to Rs. 2 Cr |
| Documents Required | Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required. |
| Purity of Gold | 18 carat to 22 carat |
| Type of Gold | Gold jewellery and gold coins of 18-24 carats |
| Loan to Value Ratio | 25% of the gold ornament’s market value |
The SBI Gold Loan Per Gram value is ₹ 3,800 to ₹ 4,350. The Loan to Value Ratio is known as Margin in Gold Loan for the bank, which is 25% of the Gold Ornaments Market Value.
About SBI Gold Loan Per Gram Rate
Gold is one of the most celebrated metals in India. Many people are proud owners of gold ornaments that were initially bought as a tradition in our country, but now, they are being purchased as security that one can exchange or pledge in times of need. This is why the Gold Loan facility has become one of the fastest-growing services as compared to any of the other services provided to us.
If you are having trouble with some financial issues, you can overcome all of these problems by pledging your gold ornaments to apply for a gold loan. To apply for a gold loan, you have to submit your ornaments as collateral to the bank in exchange for money. Once you repay the loan amount, the bank will return the jewellery. SBI Gold Loan Per Gram calculation is considered the most accurate among the leading banking institutions.
SBI Bank Gold Loan Calculator
- SBI Bank Gold Loan Calculator is based on various factors, and these factors are used for Purity of the Gold, Weight of the Gold, Loan to Value Ratio and Gold Loan Price. SBI Gold Loan Per Gram is the resultant product of the evaluation.
- You can also avail yourself of today’s gold rate at Dialabank. You can avail of the Gold Loan Per Gram by using the Purity of the Gold. The Purity of the Gold plays a major role in the SBI Gold Loan Per Gram.
- These Price of the Gold also plays a major role in the SBI Bank. The Price of the Gold also plays a major role in the Purity of the Gold.
SBI Bank Gold Loan Rate Per Gram by Gold Purity
The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.
Gold Purity
Gold Rate Per Gram- Average Of Past 30 Days
Highest Gold Loan Per Gram
Lowest Gold Loan Per Gram
22 carat
₹ 4,620
₹ 4,999
₹ 4,956
20 carat
₹ 3,939
₹ 4,178
₹ 3,795
18 carat
₹ 3,545
₹ 3,784
₹ 3,460
In the above table, the SBI Gold Loan Per Gram Rates are based on the Gold Purity.
SBI Bank Gold Loan Rates Per Gram
The following table shows the SBI Gold Loan Per Gram – Updated Apr 24 2024
Updated - Gold Loan Per Gram Rate w.e.f Apr 24 2024
Gold Weight
Gold Purity
24 CaratGold Purity
22 CaratGold Purity
20 CaratGold Purity
18 Carat
1 gram
4621
4290
3900
3510
10 gram
46210
42900
39000
35100
20 gram
93600
85800
78000
70200
30 gram
140400
128700
117000
105300
40 gram
187200
171600
156000
140400
50 gram
234000
214500
195000
175500
100 gram
468000
429000
390000
351000
200 gram
936000
858000
780000
702000
300 gram
1404000
1287000
1170000
1053000
400 gram
1872000
1716000
1560000
1404000
500 gram
2340000
2145000
1950000
1755000
Historical Gold Loan Rates Per Gram
The following table shows the Historical Gold Loan Rates Per Gram that can be used to compare SBI Gold Loan Per Gram
This Table Contains the Average Annual Gold Rate from 1965 - 2022
Year
Price (24 karat per 10 grams)
Year
Price (24 karat per 10 grams)
2023
₹ 54,699
1994
₹ 4,598
2022
₹ 52,950
1993
₹ 4,140
2021
₹ 50,045
1992
₹ 4,334
2020
₹ 48,651
1991
₹ 3,466
2019
₹ 35,220
1990
₹ 3,200
2018
₹ 31,438
1989
₹ 3,140
2017
₹ 29,667
1988
₹ 3,130
2016
₹ 28,623
1987
₹ 2,570
2015
₹ 26,343
1986
₹ 2,140
2014
₹ 28,006
1985
₹ 2,130
2013
₹ 29,600
1984
₹ 1,970
2012
₹ 31,050
1983
₹ 1,800
2011
₹ 26,400
1982
₹ 1,645
2010
₹ 18,500
1981
₹ 1,800
2009
₹ 14,500
1980
₹ 1,330
2008
₹ 12,500
1979
₹ 937
2007
₹ 10,800
1978
₹ 685
2006
₹ 8,400
1977
₹ 486
2005
₹ 7,000
1976
₹ 432
2004
₹ 5,850
1975
₹ 540
2003
₹ 5,600
1974
₹ 506
2002
₹ 4,990
1973
₹ 279
2001
₹ 4,300
1972
₹ 202
2000
₹ 4,400
1971
₹ 193
1999
₹ 4,234
1970
₹ 184
1998
₹ 4,045
1969
₹ 176
1997
₹ 4,725
1968
₹ 162
1996
₹ 5,160
1967
₹ 103
1995
₹ 4,680
1966
₹ 84
1994
₹ 4,598
1965
₹ 72
Major Banks Gold Loan Per Gram Rate Comparison
Feature
HDFC Bank
SBI
Interest Rate
9.90% onwards
7% onwards
12% onwards
Min Loan Amt
Metro : 25000, Non : 15000
25000
15000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
3 months to 24 months
9 months to 24 months
Processing Fee
0.25% to 1.50% of the Loan Amt
0.25% to 1.50%
Nil
Pre-closure Charges
2%, Nil foreclosure charges after 3 months
2%, Nil foreclosure charges after 9 months
Nil
Overdraft Facility
Yes
Yes
Yes
Pay Only Interest Facility
Yes
Yes
Yes
Gold Rate Per Gram
3066
3073
3073
Tips to Get The Highest Gold Loan Amount from SBI Bank
- The Highest Gold Loan Amount from SBI Bank is based on various factors, and these factors include Gold Loan Purity, Gold Loan to Value Ratio and Gold weight and Gold Price.
- This Purity of the Gold Loan ranges from the 18-24 carat Golds.
- The Gold Per Gram has different prices, and these prices are also based on the Gold Loan Purity.
- The Gold Prices are used for the Purity. The weight of the Gold also plays a major role in the Gold Loan Amount in SBI Bank.
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What is an SBI Gold Loan?
The SBI Gold Loan is a benefit that is provided by the bank where one can use the Gold in their possession to apply for a gold loan and fulfil their needs. The SBI Bank also allows one with many benefits and rates of interest that anyone can afford.
Benefits of an SBI Gold Loan
Gold loans have become very common due to the benefits that it provides. Some of the advantages of gold loan are as following:
- Faster Processing: Gold loans are very useful, and the whole process is very fast. It does not require much documentation. The fast disbursal of the gold loan makes it an incredible choice in case of any issues.
- Multipurpose loan: A gold loan can be used to pay for a wedding or medicines, or repairs.
- Low-interest rate: The interest rate provided by the bank for a gold loan is extremely low and affordable for anyone who is in need of cash.
- Low processing and foreclosure charges: Most banks don’t charge any handling or prepayment charges on gold loans, although there are some banks that might charge some charges.
- No income proof and credit score: Banks and non-banking financial companies don’t need the CIBIL score of a person to approve a loan.
- Easily Accessible: Gold loans are accessible to everyone. Anyone who is above the age of 18 can apply for a gold loan.
- High Amount Eligibility: With the old costs increasing, and the rising gold cost has been further assisting borrowers with bettering the gold advance rate per gram.
Types of SBI Gold Loan Interest Rates
The various types of gold loans provided under SBI Gold Loan Per Gram are:
- Fixed-rate of interests: The rate of interest in such loans stays consistent throughout the loan tenure.
- Floating rate of interest: The interest rate of the gold loans isn’t fixed and keeps changing. In such a situation, the loan cost is related to the outside benchmarks that are decided by the bank. Since the rate isn’t fixed, the EMI on Gold credit might increase or decrease unexpectedly.
- Reason for Lending: The interest rate on gold loans is usually founded on the motivation behind loaning. The banks typically offer a lower pace of revenue for any horticultural gold credit.
- Non-Agricultural Gold Loans: Loans stretched out to anyone who is not an agriculturist are known as nonfarming gold advances. These loans are accessible to all people, such as salaried, independently employed experts, financial specialists, ladies, females, homemakers, understudies, etc.
How to Apply for an SBI Gold Loan?
If you want to apply for a Gold Loan, there are two ways to do so :
Offline Process
To avail of a Gold Loan, you can find the nearest branch of the SBI Bank. You can take the help of the staff to apply for a gold loan at the bank.
Online Process
You can apply for a gold loan with Dialabank by following the below-mentioned steps to get a Gold Loan as per your need.
- Fill out the registration at Dialabank’s website.
- Our Relationship Manager will contact you and guide you in fulfilling your financial needs.
- You will get personalized service, which will give you the option to compare and take the best deal according to your needs without any extra charges.
SBI Gold Loan Customer Care Number
The SBI Gold Loan customer care number is 9878981166
FAQs About SBI Gold Loan Per Gram
✅ What is today’s gold loan rate per gram?
The gold loan rate per gram is Rs. 4,676 for 24-carat gold, Rs. 4,373 for 22-carat gold, Rs. 3,975 for 20-carat gold and Rs. 3,578 for 18-carat gold.
✅ Does a gold loan have any specific eligibility requirements?
The eligibility criteria for a gold loan is as follows:
- the applicant has to be between 18 to 70 years, at the time of loan maturity
- the applicant or his/her family member should own Gold ranging between 18 to 22 carats
- the applicant should be an Indian resident.
✅ Why are gold loans better?
Gold loans are as better if:
- They do not depend on the applicant’s credit history and cibil score.
- they do not need a minimum income
- they don’t require much documentation
- they are secure and hence cheaper
✅ What documents do I need for a gold loan?
Only the basic documents such as identity proof, address proof, signature proof, and 2 photos of the applicant will be required.
✅ Should I worry about my Gold?
As your pledged Gold is safely kept in the banks’ lockers according to the national standards, you have no reason to worry. Electronic surveillance technologies are also deployed, with well-trained staff.
✅ How do I repay my gold loan?
After availing of a gold loan, you will have to make monthly EMI payments to the banks until the tenure is completed, a failure to do which would affect your credit score negatively. These payments can be made through cash/ DD/ cheque or even online transactions.
✅ What is LTV in a loan against Gold?
LTV is Loan to Value Ratio, which is basically the amount of loan you can get against Gold as collateral. In India, LTV for a loan against Gold is set at 75% by RBI for all the banking and non-banking financial companies.
✅ How much loan can I get on 10 grams of Gold?
Depending upon the Purity of Gold, a person can avail of a loan amount between Rs.18,500 and Rs. 27,000 on 10 grams of Gold.
✅ What is the margin in a loan against Gold?
Banks maintain a margin of at least 25% in the case of loans against Gold. Suppose a person can avail a maximum of 75% of their Gold’s market value as the loan amount. For example, if your Gold is valued at Rs. 1 Lakh in the market, then banks will offer you a maximum loan amount of Rs. 75,000.
News about SBI Gold Loan Per Gram
2021-05-06:
SBI Share Prices rises to 4%:
The SBI Share Prices rises up to 4% these days, and these SBI Bank these Share Prices are varying these days. Sometimes the shares increase, and sometimes they share decreases. But SBI bank has Prices that rises to 4%.
