SBI Gold Loan

Gold Rate: ₹ 5,340 Per Gram

Interest Rate 7.0% p.a. ⍟

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Unlock the Real Value of your Gold
Lowest Rate of Interest
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

SBI Gold Loan Key Features

Collateral Gold ornaments
Gold Loan per gram Rs. 2,481 to Rs. 3,328 depending on the purity of gold
Age of Borrower 18 – 75 years
Maximum Loan Amount Up to 1 crore
Maximum Loan to Gold Value Ratio Up to 75%
The purity of Eligible gold 18 carat to 22-carat gold
Maximum Loan Tenure Up to 36 months
Interest Rate 7.5% onwards

Advantages of SBI Gold Loan

  1. You can avail Loan up to Rs.1 Crore or more & up to 75% of value for any purpose.
  2. You get 100% Safety & Security of your Gold Jewelry.
  3. Get your Loan processed in less than 30 minutes.
  4. Enjoy Anytime Liquidity.
  5. Simple documentation and fast processing.

How Much Can I Get Through SBI Gold Loan?

Updated - Gold Loan Rate Per Gram
Weight Loan on 24 Carat Gold Loan on 22 Carat Gold Loan on 20 Carat Gold Loan on 18 Carat Gold
1 gram 4580 4198 3817 3435
10 gram 45800 41980 38170 34350
20 gram 91600 83960 76340 68700
30 gram 137400 125940 114510 103050
40 gram 183200 167920 152680 137400
50 gram 229000 209900 190850 171750
100 gram 458000 419800 381700 343500
200 gram 916000 839600 763400 687000
300 gram 1374000 1259400 1145100 1030500
400 gram 1832000 1679200 1526800 1374000
500 gram 2290000 2099000 1908500 1717500

About SBI Gold Loan 

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 fulfil 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. Thus, the Bank doesn’t put any restriction on the use of the amount of the Loan.

SBI Bank Gold Loan Eligibility

Eligibility of a gold loan is way easier when compared to personal loans or any other loan:

Age 18-75 years
Requirements Gold ornaments (18-22 carats)
CIBIL score Above 500

SBI Gold Loan Documents Required

The documents should be mainly from the following options.

Identity Proof Aadhar Card/Pan Card/ Passport/ Voter ID
Residence Proof Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card.
Agriculture Proof ( only if applicable) Agriculture Land Ownership Proof
Photographs 2 Passport sized coloured
gold loan at 1%

SBI Gold Loan Interest Rate, Fees and Charges

A Gold Loan can fulfil all your urgent short term and long term monetary requirements. The rate of interest that you will be charged with depends on the total loan amount as well as the quality/purity of the gold you are to keep as security with the bank. Gold Loan interest rates offered by the Bank are lower in comparison to other loans because it is a fully secured loan.

SBI Gold Loan Rate 7.00% onwards
Processing Fee 0.5% of the loan amount
Loan Tenure 3 months to 36 months
Prepayment Charges 1% of the outstanding principal amount

Gold Loan
: Anyone with a steady source of income can avail a gold loan by pledging his gold ornaments.

Types of SBI Bank Gold Loan

  1. Multi-Purpose gold loan: Mainly for agriculture purposes, the multi-purpose loan comes into handy to repay various kinds of debts.

SBI Gold Loan Apply Online

Online  Process: Through the Online process, the applicant gets the opportunity to avail the service of the gold loan at the comfort of their home. Just follow the following steps:

  1. Visit Dialabank
  2. Fill an application form with all required fields.
  3. Our Relationship Manager will call you back to assist through the entire process.
  4. You will have to submit documents in the bank.
  5. Your Loan will be approved in just some minutes.

Apart from the above process, you can directly call us at 9878981144.

SBI Gold Loan EMI Calculator

Rate of Interest 6 months 1 Yr 2 Yrs 3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

How to Pay SBI Gold Loan EMI?

Your SBI gold advance can be reimbursed in the following three different ways.

  1. Standing Instruction (SI): If you are a current record holder with SBI, Standing Instruction is the best method of repayment. Your EMI sum will be charged automatically toward the finish of the month to month cycle from the SBI account you indicate.
  2. Electronic Clearing Service (ECS): This mode can be utilized in the event that you have a non-SBI account and might want your EMIs to be charged consequently toward the finish of the month to month cycle from this record.
  3. Post-Dated Checks (PDC): You can submit post-dated EMI checks from a non-SBI account at your closest SBI Loan Center. A new arrangement of PDCs should be submitted in a timely manner. It would be ideal if you note Post Dated Checks will be gathered non-ECS areas as it were.

SBI Bank Gold Loan Contact Number

In case of any assistance required please contact on the number 9878981144.

Gold Ornaments Accepted by SBI

Gold jewellery such as Gold Bangles, Gold rings, Gold anklets, and Gold necklaces, all of these are accepted for availing a Gold Loan.

Quality: The quality of gold should lie between 18 Carat to 22 Carat. Aby gold ornament which is 24 Carat cannot be used for availing a gold loan.

Uses of SBI Gold Loan

The funds acquired by availing the Gold Loan service can be used for a number of purposes such as:

  • To finance personal expenses for wedding, travel, payment of higher education fees, and etc.
  • For all your business financial needs such as buying raw material, expansion of business, and etc.
  • You can also avail a Gold Loan for agricultural purposes. The bank offers lower rates of interest for Gold Loans that are used for agriculture or allied activities.

FAQs About SBI Gold Loan

What is the SBI Gold Loan?

SBI Gold Loan is a secured loaning scheme that uses pledged gold as collateral security. SBI Gold Loan can be used for any personal purpose and need. You can fill an inquiry form at Dialabank’s digital platform and access all the loan details from our relationship manager.

How Can I Get Gold Loan From SBI?

You can easily get a Gold Loan from SBI by pledging your gold. The loan amount is dependent on the purity of your gold and the rate of interest starts at 7.00% per annum. You will need to visit the bank branch with basic KYC documents and your gold. Alternatively, you can apply online with Dialabank and avail personalized assistance from the comfort of your home.

 How much Gold Loan Can I get per gram from SBI?

You can avail a gold loan of Rs 2481- Rs 3328 per gram from SBI, depending on the quality of your gold.

  How Does SBI Gold Loan work?

The SBI Gold Loan is provided by the Banks /NBFC provides you with funds against your gold ornament. The amount depends upon the gold weight.

 What is Gold Loan interest rate in SBI?

The gold loan interest rate in SBI is 7.00% onwards.

How to check gold loan status in SBI?

To check your SBI Gold Loan status online just visit the SBI’s online portal and fill in the form your Gold Loan application details

  How to calculate gold loan interest in SBI?

The gold loan interest rate in SBI can be calculated by simply subtracting the principal amount from the total amount to be paid.

What is the maximum gold loan amount I can avail on gold loan from SBI Bank?

You can avail a maximum of up to 75% of the gold jewellery’s market value on gold loan from SBI Bank.

What is the loan tenure of SBI Bank gold loan?

The loan tenure of your SBI gold loan is up to 36 months. You will be required to renew your loan after 1-year completion tenure.

 How much processing fee is applicable on SBI Gold loan?

A processing fee of up to 0.5% of the loan amount is applicable on SBI Bank gold loan.

✅ What are the charges for pre-payment in SBI gold loan?

Pre-payment charges up to 1% of the outstanding loan amount is charged by SBI.

✅How to renew SBI Gold Loan online?

You can renew your SBI Gold loan online by simply logging into your SBI app account with the credentials and renew your gold loan under the Gold Loan section by entering the loan account details.

✅ How to pay SBI Gold loan interest online?

You can pay the SBI Gold loan interest online using online payment options like net banking, debit cards, or through the i-mobile app.

What if I can’t pay the interest on SBI Gold loan for 3 months?

If you do not pay your SBI loan amount for 3 months then the bank will warn you against further default. In case the defaults continue, the gold ornaments kept as a security with the bank might be sold.

How can I apply for EMI moratorium on SBI Gold loan?

You can apply for an SBI Gold loan moratorium online by logging in with your ID and password or can also visit the bank personally.

How to pay SBI Gold loan through credit card?

SBI Gold loan cannot be repaid through credit cards as per RBI Guidelines.

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