Interest Rate & Loan Details

• Interest Rate: Starts from 8.80% per annum.
• Loan Amount:
  • Minimum: Rs. 20,000
  • Maximum: Rs. 50 lakh
• Loan Tenure:
  • EMI-based loans: Up to 36 months
  • Bullet repayment loans: 3, 6, or 12 months
• Processing Fee:
  • 3 Months Bullet Repayment Gold Loan: Rs. 200 + GST
  • 6 Months Bullet Repayment Gold Loan: Rs. 300 + GST
  • 12 Months Bullet Repayment Gold Loan: 0.50% of the loan amount (minimum Rs. 500, maximum Rs. 10,000) + GST
  • EMI-based Gold Loan: 0.50% of the loan amount (minimum Rs. 500) + GST
• Pre-closure Charges: No prepayment penalty.
• Loan-to-Value (LTV) Ratio: Up to 75% of the gold’s market value.

Purpose of Gold Loan

• Medical expenses
• Margin money for home or education loans
• Travel expenses
• Personal financial needs
• Business expansion

Eligibility Criteria

• Age: Minimum 18 years
• Ownership: Gold ornaments or specially minted gold coins (up to 50 grams) sold by banks
• KYC Compliance: Valid KYC documents required

Documents Required

• Application Form: Duly filled and signed
• Photographs: Two recent passport-size photos
• Identity Proof (Any one):
  • Aadhaar Card
  • PAN Card
  • Passport
  • Voter ID
  • Driving License
• Address Proof (Any one):
  • Aadhaar Card
  • Utility Bills
  • Ration Card
  • Lease Agreement

Repayment Options

• EMI-Based Repayment: Fixed monthly installments over the loan tenure
• Bullet Repayment: Principal and interest payable on or before maturity

Charges & Fees

• Processing Fee:
  • 3 Months Bullet Repayment Gold Loan: Rs. 200 + GST
  • 6 Months Bullet Repayment Gold Loan: Rs. 300 + GST
  • 12 Months Bullet Repayment Gold Loan: 0.50% of the loan amount (minimum Rs. 500, maximum Rs. 10,000) + GST
  • EMI-based Gold Loan: 0.50% of the loan amount (minimum Rs. 500) + GST
• Gold Appraiser Charges: Borne by the applicant

Key Considerations Before Applying

• Gold Quality: Loans are based on the purity and net weight of the gold. Loans are not granted against the security of primary gold (i.e., 24 carats gold bars and biscuits).
• Loan Terms: Review the loan agreement carefully before signing.
• Gold Security: Non-repayment may lead to forfeiture of the pledged gold.

Benefits of SBI Gold Loan

• Quick Loan Approval: Instant processing and disbursal, often on the same day of application.
• Attractive Interest Rates: Competitive rates starting from 8.80% per annum.
• High Loan Value: Loan up to 75% of the gold’s market value.
• Flexible Repayment: Options for EMI-based or bullet repayment schemes.
• No Guarantor Required: The pledged gold itself serves as collateral.

Contact SBI

• Customer Care: 1800 1234 / 1800 2100
• Missed Call: Give a missed call on 7208933143
• SMS: Send “GOLD” to 7208933145 to get a callback from the Contact Centre
• Official Website: SBI Personal Gold Loans