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State Bank of India (SBI) offers one of the most flexible and cheapest gold loans in India. Pledging your gold jewellery or gold ornaments with SBI allows you to access instant cash with minimal documentation. With interest rates starting from 8.70% p.a. up to a maximum of 9.95% p.a., SBI provides lower interest rates compared to private banks and NBFCs like Muthoot and Manappuram.

🧮 Interactive SBI Gold Loan Calculator

Select a scheme below to auto-fill the current interest rates and RBI/SBI LTV parameters, then enter your gold weight and purity to estimate your eligible loan amount and repayment values.

3 Months Bullet Repayment
8.70% p.a.
LTV: 70% | Margin: 30%
6 Months Bullet Repayment
8.90% p.a.
LTV: 70% | Margin: 30%
12 Months Bullet Repayment
9.00% p.a.
LTV: 65% | Margin: 35%
SBI Personal Gold Loan (EMI)
9.95% p.a.
LTV: 72% | Margin: 28%
SBI Liquid Gold Loan (Overdraft)
9.70% p.a.
LTV: 74% | Margin: 26%
ℹ️ Repayment Terms for: SBI Personal Gold Loan (EMI)

Repayment of Principal and Interest starts from the month following disbursement. Max period is 36 months. Processing Fee is 0.50% of loan amount (Min ₹500) + GST.

Net Gold Weight (in Grams)50 g✏️
5 g250 g
Assumed Gold Rate per Gram
13740
Gold rate is derived dynamically based on selected purity.
Repayment Tenure (in Months)36 months✏️
6 months36 months
Maximum Eligible Loan
₹4,94,640
Based on 72% LTV (RBI Cap: 75%)
Gross Gold Value:₹6,87,000
Margin Deducted (28%):₹1,92,360
Interest Rate p.a:9.95%
Estimated Processing Fee:₹2,918 (incl. GST)

Monthly EMI:₹15,949

🏦 Detailed Comparison of SBI Gold Loan Schemes

SBI operates different variants tailored for short-term liquidity vs longer-term repayments. Below is the side-by-side comparison of the schemes:

Scheme NameInterest Rate (p.a.)Required MarginMax TenureProcessing Fee
3 Months Bullet Repayment8.70%30% (LTV: 70%)3 Months₹200 + GST
6 Months Bullet Repayment8.90%30% (LTV: 70%)6 Months₹300 + GST
12 Months Bullet Repayment9.00%35% (LTV: 65%)12 Months0.50% of loan amount (Min ₹500, Max ₹10,000) + GST
SBI Personal Gold Loan (EMI)9.95%28% (LTV: 72%)36 Months0.50% of loan amount (Min ₹500) + GST
SBI Liquid Gold Loan (Overdraft)9.70%26% (LTV: 74%)36 Months0.50% of loan amount (Max ₹10,000) + GST

✅ SBI Gold Loan Eligibility Criteria

The loan is highly accessible. Even if you are not an existing SBI customer, you can apply. The primary eligibility requirements are:

  • Minimum Age: 18 years and above.
  • Profession: Any individual (singly or jointly) with a steady source of income. This includes salaried employees, self-employed businessmen, farmers, traders, and pensioners (including Bank's own employees).
  • Income Proof: No formal proof of income is required. SBI focuses primarily on the value and purity of the gold collateral and the borrower's general capacity to repay.
  • Gold Purity: Gold jewellery and ornaments must be of 18 Karat, 20 Karat, or 22 Karat purity. Primary gold bars/biscuits are not accepted.

📋 Interactive Document Checklist

Select your customer status below to customize the document requirements. Check each item to track your compliance:

Preparation Progress0% Ready
Signed Personal Gold Loan Application Form
2 Latest Passport size photographs
Existing SBI Account Details (Must be fully KYC compliant)

* Officially Valid Documents (OVD) include: Aadhaar Card, Passport, Voter ID Card, Driving License, or MNREGA Job Card.

🔍 Frequently Asked Questions (FAQs) — SBI Gold Loan

Here are the detailed answers to the most common queries regarding SBI Gold Loans, based on official State Bank of India guidelines:

📞 Official SBI Customer Support Details

Need help or wish to request an agent call back? Use these official channels provided by the State Bank of India:

📞Toll Free Call1800 1234or 1800 2100
📲Missed Call Back7208933143Give a missed call
✉️SMS QuerySMS “GOLD”to 7208933145
✍️
Financial Analysis & Gold Market Research Team
ℹ️ Indicative rates updated daily by our editorial team | Data methodology

🛡️ Why Trust WealthMinty's GoldResearch & Market Data?

Our analysis shows that retail gold rate volatility in India requires careful, daily monitoring. Our editorial team manually researches and publishes indicative daily gold reference rates based on publicly available bullion market data, including published rates from recognized industry bodies such as the India Bullion and Jewellers Association (IBJA), commodity exchange signals (MCX), and international benchmarks (LBMA). The rates shown are indicative and for informational purposes only — they may differ slightly from your local jeweller's quote. Read our full Editorial Policy & Methodology.

  • Zero Merchant Bias: We are a pure financial information and analysis platform. We do not sell gold, jewelry, or run physical retail shops, guaranteeing completely unbiased reporting.
  • Standardized Mathematical Modeling: Our city-specific rate calculations use strict pricing premiums and transport offsets aligned with local state jewelry association norms.
  • Fact-Checked by Experts: Every pricing trend and forecast published on WealthMinty is verified by our editorial desk with over 10+ years of combined experience in bullion markets.