SBI Gold Loan

Gold Loan @ 7%

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SBI Gold Loan Key Features

SBI Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
SBI Gold Loan Interest Rate 7.0% per annum
SBI Gold Loan Loan Per Gram Rate Per Gram Today is ₹ 5,268
SBI Gold Loan Processing Fee 1.50% of the Principal Loan Amount
SBI Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
SBI Gold Loan Repayment Tenure 3 Months to 24 Months
SBI Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

What is SBI Gold Loan?

Having Gold in your safe or locker is going to give you nothing. SBI is the most trustworthy firm in India. If you are looking for immediate finances, then gold loan is the best option. Gold is kept by the bank and money is given to the customer. Gold is kept as a security until the completion of the loan period. SBI Gold Loan is an easy and hassle-free process.

So, If you are facing financial crisis and need immediate funds, then you can easily fulfill your immediate financial needs with SBI Gold Loans. SBI provides you higher funding and a lower rate of interest.

Advantages of Getting Gold Loan from SBI 

  1. SBI Bank offers Gold Loan at the low rate of interest
  2. It provides high funding to the customers
  3. Moreover, it also requires Minimum documentation
  4. Uniquely it also offers loan against gold at Minimum processing fees
  5. It also offers Quick disbursals and Easy Processing
  6. This Bank provides safe and secure custody for the gold.
  7. Additionally, it also offers minimum processing fees to the customer

Documents Required

  1. Proof of Identity (Passport/ Voter’s ID/ Driving License/ PAN Card/ Aadhar Card)
  2. Signature Proof (Passport / Driving License/ Banker’s verification)
  3. Address Proof (Ration card/ Driving License/ Voter’s ID/ Utility Bill (anyone within last 3months)/ Registered Rental Agreement/ Credit Card Statement/ Passport )
  4. Date of Birth Proof (Driving Licence/ PAN Card/ Passport/ Birth Certificate / 10th / 12th mark sheet bearing a date of birth)
  5. 2 passport size photographs


  1. Applicant should be a citizen of India
  2. The purity of Gold must be 18karat to 22karat
  3. Applicant should be more than 18 years up to 75 years
  4. Loan amount provide to the customer starts from INR 1000 to INR 2 crore
  5. An applicant with all KYC documents is eligible
  6. Applicant should have a stable source of income.

How to Apply for SBI Gold Loan?

There are 2 processes Online method and Offline method.

In the offline method, you have to visit the branch of the bank and need to fill up the application form. Until the sanctioning of the loan in the offline process, you need to visit the bank.

In the online process, you need to visit the site bookmyloans and need to fill up the application form. Then Customer representative of the bank will contact you and let you know the eligibility.

In the online process, you need to visit the bank once at the time of submission of Gold.

What is SBI Gold Loan Interest Rate?

Gold Loan is a service that provides its customers with cash at the best rate of interest. In contrast to other services like Personal Loan and Home Loan, Gold Loan Interest Rate is quite less and reasonable. On average it starts at 10.75% per annum and can go up to 24% per annum. Different Banks and NBFC’s provides different interest rate to the customers.

About SBI

State Bank of India (SBI) is one of the largest government-owned corporations with a large market share in assets. It is an Indian multinational, public sector banking and financial services company. It offers banking and financial services to the customers at a very reasonable rate. This Bank also offers different loans services to the customers like Personal loan, Gold Loan, Business Loan, Education Loan, and Car Loan.

FAQs About SBI Gold Loan

How does Gold Loan work?

Gold Loan is quite simple to understand and easy to use. Visit the nearest bank from where you want to take the loan and get your loan approved in just 5 minutes and get a quick loan disbursal.

Is Gold Loan a secured type of loan or not?

When it comes to Gold Loan people are usually more afraid. But don’t worry it is 100% secured loan.

What is the best online portal avail the gold loan?

BookMyLoans is the best platform to get a loan since being the first helpline for loans our executives will guide you in the right direction to avail loan.

Gold Loan Interest Rate of Major Banks


 Interest Rates

HDFC Bank Gold Loan

7.00% – 14.50%

ICICI Gold Loan

7.00% – 16.10%
Muthoot Finance Gold Loan

7.00% – 24.00%

Axis Bank Gold Loan

7.00% – 17.00%
Manappuram Gold Loan

7.00% – 26.00%

Yes Bank Gold Loan

7.00% – 15.99%
Bank of India Gold Loan

7.00% – 26.00%

Federal Bank Gold Loan 

7.00% – 13.50%
IIFL Gold Loan

7.00% – 12.00%

Central Bank of India Gold Loan

7.00% – 14.65%

Canara Bank Gold Loan

7.00% – 12.65%

Allahabad Bank Gold Loan

7.00% – 10.45%

Induslnd Bank Gold Loan

7.00% – 15.75%
PNB Gold Loan

7.00% – 11.75%

Bajaj Finance Gold Loan

7.00% – 26%
SBI Gold Loan

7.00% – 15.99%

Indian Bank Gold Loan

7.00% – 15.99%
UCO Bank Gold Loan

7.00% – 26.00%

Kotak Mahindra Bank Gold Loan

7.00% – 13.50%
Syndicate Bank Gold Loan

7.00% – 12.00%