you are here: HomeNewsBusiness

SBI gold loan: Check eligibility, interest rate and other features

Find out how to avail SBI gold loan, interest rates, processing charges and other details

February 21, 2021 / 01:13 PM IST

A gold loan can prove to be a good option to take care of a temporary cash crunch or tide over a financial emergency. Gold loans can be availed quickly with minimum paperwork.

India's largest lender State Bank of India also offers gold loans. You can avail SBI Gold Loan by pledging gold ornaments and coins with minimum paperwork and at low interest rates.

As per a tweet by SBI,  you can avail SBI gold loan at an interest rate as low as 7.50 percent and zero processing charges, among other benefits.

SBI Gold Loan - All you need to know

Eligibility criteria: A borrower should be at least 18 years old in order to qualify for this scheme.


Any individual (singly or jointly) with a Steady source of income including Bank’s Employees, Pensioners. (No Proof of income required).

Maximum Loan Amount: Rs 50 lakh

Minimum Loan Amount: Rs 20,000

Processing fee: SBI charges a low fee to process the loan, making it light on the pocket of a borrower. 0.25 percent of the Loan amount + applicable GST minimum Rs 250/- + applicable GST and Nil if applied through YONO.

Gold items provided as security are returned on repayment of loan, ensuring one does not lose out on them.


Gold Loan: 25 percent

Liquid Gold Loan: 25 percent

Bullet Repayment Gold Loan: 35 percent

Repayment Mode

Gold Loan: The repayment of principal and interest will be commenced from the month following the month of disbursement.

Liquid Gold Loan: Overdraft Account with transaction facility and monthly interest is to be served.

Bullet Repayment Gold Loan: On or before the term of the loan/ on the closure of the account.

Repayment Period

Gold Loan: 36 months

Liquid Gold Loan: 36 months

Bullet Repayment Gold Loan: 12 months


To Apply for Loan

-Application for Gold Loan with two copies of photographs.

-Proof of Identity with proof of Address.

-Witness Letter in case of illiterate borrowers.

Time of Disbursement

-DP note and DP Note Take Delivery Letter.

-Gold Ornaments Take Delivery Letter.

-Arrangement Letter.

SBI Gold Loan interest rate

Gold Loan (all variants): 7.50 percent

Realty Gold Loan- A Gold Loan Product exclusively for SBI Housing Loan Customers (all variants): 7.3 percent

Missed Call, SMS facility for SBI Gold Loan

You can give a missed to know more about SBI Gold Loan, call on 7208933143 or SMS GOLD at 7208933145.

Moneycontrol News
first published: Feb 21, 2021 01:13 pm

stay updated

Get Daily News on your Browser