SBI Gold Loan Per Gram

SBI Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

SBI Bank Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 3,506 to ₹ 4,621
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 Gold Loan Per Gram Rates for SBI Bank is ₹ 3,506 to ₹ 4,621. The Loan to Value Ratio is known as Margin in Gold Loan for the Bank which is of 25% of the Gold Ornaments Market Value.

About SBI Gold Loan Per Gram Rate

Gold is one of the most celebrated metals in India. A lot of 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 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.
  • 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 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

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

The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.

  • Gold loan per gram offer for 22-carat jewelry will be between ₹ 4,620 to ₹ 4,956
  • Gold loan per gram offer for 20-carat jewelry will be between ₹ 3,795 to ₹ 4,178
  • Gold loan per gram offer for 18-carat jewelry will be between ₹ 3,460 to ₹ 3,784

In the above table, the Gold Loan Rate Per Gram Rates are based on the Gold Purity.

SBI Bank Gold Loan Rates Per Gram

The following table shows the Gold Loan Rates Per Gram in SBI Bank – Updated Jun 17 2021

Updated - Gold Loan Per Gram Rate w.e.f Jun 17 2021

Gold Weight Gold Purity
24 Carat
Gold Purity
22 Carat
Gold Purity
20 Carat
Gold 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

This Table Contains the Average Annual Gold Rate from 1964 - 2021
Year Price (24 karat per 10 grams) Year Price (24 karat per 10 grams)
1964 ₹ 63.25 1993 ₹ 4,140.00
1965 ₹ 71.75 1994 ₹ 4,598.00
1966 ₹ 83.75 1995 ₹ 4,680.00
1967 ₹ 102.50 1996 ₹ 5,160.00
1968 ₹ 162.00 1997 ₹ 4,725.00
1969 ₹ 176.00 1998 ₹ 4,045.00
1970 ₹ 184.00 1999 ₹ 4,234.00
1971 ₹ 193.00 2000 ₹ 4,400.00
1972 ₹ 202.00 2001 ₹ 4,300.00
1973 ₹ 278.50 2002 ₹ 4,990.00
1974 ₹ 506.00 2003 ₹ 5,600.00
1975 ₹ 540.00 2004 ₹ 5,850.00
1976 ₹ 432.00 2005 ₹ 7,000.00
1977 ₹ 486.00 2006 ₹ 8,400.00
1978 ₹ 685.00 2007 ₹ 10,800.00
1979 ₹ 937.00 2008 ₹ 12,500.00
1980 ₹ 1,330.00 2009 ₹ 14,500.00
1981 ₹ 1,800.00 2010 ₹ 18,500.00
1982 ₹ 1,645.00 2011 ₹ 26,400.00
1983 ₹ 1,800.00 2012 ₹ 31,050.00
1984 ₹ 1,970.00 2013 ₹ 29,600.00
1985 ₹ 2,130.00 2014 ₹ 28,006.50
1986 ₹ 2,140.00 2015 ₹ 26,343.50
1987 ₹ 2,570.00 2016 ₹ 28,623.50
1988 ₹ 3,130.00 2017 ₹ 29,667.50
1989 ₹ 3,140.00 2018 ₹ 31,438.00
1990 ₹ 3,200.00 2019 ₹ 35,220.00
1991 ₹ 3,466.00 2020 ₹ 48,651.00
1992 ₹ 4,334.00 2021 ₹ 50,045.00

Major Banks Gold Loan Per Gram Rate Comparison

Feature
HDFC Bank
ICICI Bank
Muthoot Finance
Interest Rate
9.50% onwards
10.50%
12%
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
1 month to 24 months
Processing Fee
0.25% to 1.50% of the Loan Amt
0.25% to 1.50%
Nil
Preclosure Chgs
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
3,066
3,073
3,073

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.


gold loan at 7%

हिंदी में पढ़े | தமிழில் படியுங்கள்

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 gold advance rate per gram.

Types of SBI Gold Loan Interest Rates

The various types of gold loans provided by SBI 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 normally offer a lower pace of revenue for any kind of horticultural gold credit. Gold Loan
  • 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, housewives, 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:

  1. the applicant has to be between 18 to 70 years, at the time of loan maturity
  2. the applicant or his/her family member should own gold ranging between 18 to 22 carats
  3. the applicant should be an Indian resident.

✅ Why are gold loans better?

Gold loans are as better if:

  1. They do not depend on the applicant’s credit history and cibil score.
  2. they do not need a minimum income
  3. they don’t require much documentation
  4. 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. If 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.

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