How to Apply for SBI Gold Loan
SBI Gold Loan can be availed by pledging gold ornaments, including gold coins sold by banks. It offers quick access to funds with minimum paperwork and competitive interest rates, making it an ideal option for meeting personal or business financial needs.
Contact Details
Dial 1800-1234 / 1800-2100 for more information or to apply through the Contact Centre.
Give a missed call on 7208933143 or SMS “GOLD” to 7208933145 to receive a callback.
Key Features
- Minimum Loan Amount: ₹20,000
- Maximum Loan Amount: ₹50 lakhs
- Security: Pledge of gold ornaments duly verified for quality and quantity
- Gold Appraiser Charges: Payable by the applicant
- Special Processing Fee: Applicable from 01.07.2025 to 30.09.2025
Margin Requirements
- Gold Loan (EMI based): 25%
- 3 Months Bullet Repayment Gold Loan: 30%
- 6 Months Bullet Repayment Gold Loan: 30%
- 12 Months Bullet Repayment Gold Loan: 35%
- Gold Loan Overdraft: 26%
*No further appraisal is required for up to two renewals, subject to the pledged gold remaining in bank custody.
Processing Fees
- 3 Months Bullet Repayment Gold Loan: Waived
- 6 Months Bullet Repayment Gold Loan: Waived
- 12 Months Bullet Repayment Gold Loan: 0.25% of loan amount (Minimum ₹500, Maximum ₹10,000 + GST)
- SBI Personal Gold Loan (EMI): 0.25% of loan amount (Minimum ₹500 + GST)
- Gold Loan Overdraft: 0.50% of loan amount (Maximum ₹10,000 + GST)
Eligibility
- Age: 18 years and above
- Profession: Any individual (single or joint) with a steady source of income, including bank employees and pensioners
- Income Proof: Not required
Repayment Details
- EMI-based Gold Loan: Principal and interest repayment starts from the month following disbursement
- Bullet Repayment Loans (3, 6, 12 months): Interest and principal payable on or before the end of the term
- Gold Loan Overdraft: Overdraft account with transaction facility; interest serviced monthly
Maximum Repayment Period
- - EMI-based Gold Loan: Up to 36 months
- 3 Months Bullet Loan: 3 months
- 6 Months Bullet Loan: 6 months
- 12 Months Bullet Loan: 12 months
- Gold Loan Overdraft: Up to 36 months
Documents Required
- Duly filled Gold Loan application with two photographs
- Proof of Identity and Address
- Witness letter (for illiterate borrowers, if applicable)
- DP Note and DP Note Take Delivery Letter
- Gold Ornaments Take Delivery Letter
- Arrangement Letter
Rate of Interest
- Mean Rate of Interest: 9.25%
- EMI-based Gold Loan: Effective interest rate around 9.95%
- 12 Months Bullet Repayment Gold Loan: Effective interest rate around 9.00%
- 3 Months Bullet Repayment Gold Loan: Effective interest rate around 8.65%
- 6 Months Bullet Repayment Gold Loan: Effective interest rate around 8.90%
- Gold Loan Overdraft: Effective interest rate around 9.70%
How to Apply
You can apply for an SBI Gold Loan by visiting your nearest SBI branch with your gold ornaments and valid KYC documents. Alternatively, you may apply through SBI’s Contact Centre using the helpline numbers or missed call/SMS facility. After gold valuation and document verification, the loan amount is disbursed quickly.
Disclaimer
Interest rates, fees, and terms are subject to change as per SBI policies and RBI guidelines. Customers are advised to confirm the latest details at the nearest SBI branch or official SBI channels.
Get in touch with trusted gold buyers today and receive the best cash value for your gold!
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