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Eligibility, interest rate and features explained


To take care of a temporary cash crunch, an individual has various options. These include taking a gold loan, a personal loan. Gold loans can help one tide over a financial emergency. You can get a loan quickly with minimum paperwork. SBI Gold Loan can be availed by a pledge of gold ornaments including gold coins sold by Banks with minimum paperwork and low-interest rate. “Apply for a #GoldLoan with SBI and enjoy exciting deals like 7.50% Interest Rate, Nil Processing Fee, and many more,” SBI said in a tweet.

Here is all you need to know about SBI Gold Loan:

Eligibility Criteria

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

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

Features of SBI Gold Loan

Maximum Loan Amount: 50 lakh

Minimum Loan Amount: 20,000

Low processing fee – SBI charges a low fee to process the loan, making it light on the pocket of a borrower. 0.25% of the Loan amount + applicable GST minimum Rs250/- + 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%

Liquid Gold Loan: 25%

Bullet Repayment Gold Loan: 35%

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%

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

Missed Call, SMS facility for SBI Gold Loan

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

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