SBI Gold Loan Interest Rate (2026): Per Gram Rate, Eligibility, Charges & Documents
SBI Gold Loan Interest Rate (2026): Per Gram Rate, Eligibility, Charges & Documents
SBI Gold Loan Interest Rate and Per Gram Rate in 2026
The State Bank of India (SBI) offers a convenient and reliable way for individuals to get access to funds by pledging their gold for gold loans. The SBI gold loans are offered at attractive interest rates, with exceptional ease of application, and the unmatched trust of SBI.
With attractive interest rates and an all-time high gold rate, now is the right time to get yourself a gold loan to fulfil your dreams!
1) SBI Gold Loan Interest Rate (Latest Update)
The State Bank of India (SBI) is one of the most trusted lenders in the country. Their trust, along with one of the lowest gold loan interest rates, makes their gold loan proposition a very lucrative one.
Currently, SBI gold loans are offered at an exceptionally low interest rate, varying based on the gold loan scheme.
Here’s a breakdown of the interest rate on SBI’s personal gold loan offering:
To get a more accurate estimate of what the repayments would look like, it is prudent to use the SBI gold loan calculator. Just plug in the values like the principal amount, gold loan rate today, and tenure, and the calculator will do the job!
SBI Gold Loan Interest Rates (2026)
| Gold Loan Scheme | Base MCLR | Spread | Effective Interest Rate | | ----- | ----- | ----- | ----- | | Gold Loan (EMI Based) | 8.70% | 1.25% | 9.95% | | 12-Month Bullet Repayment | 8.70% | 0.30% | 9.00% | | 6-Month Bullet Repayment | 8.60% | 0.30% | 8.90% | | 3-Month Bullet Repayment | 8.25% | 0.45% | 8.70% | | Gold Loan Overdraft | 8.70% | 1.00% | 9.70% |
2) SBI Gold Loan Per Gram Rate: 24K, 22K & 18K Calculation
The amount of the loan is dependent upon the net weight as well as the purity of the gold collateral. Higher weight and purity translated into a higher loan amount and vice versa.
The gold loan amount can range between the minimum loan amount of INR 20,000 and the maximum loan amount of INR 50 lakhs.
The ongoing gold loan rate (price) also has a major impact on the gold loan amount. As per the Reserve Bank of India (RI) guidelines, the maximum loan amount cannot exceed 75% LTV ratio. i.e., the loan amount cannot be more than the 75% of the value of the gold as per the prevailing market prices. Like other lenders, even the SBI gold loan maximum limit cannot exceed the 75% ceiling.
To understand this with an example, let's take into consideration the typical gold loan per gram estimate:
| Gold Purity | Approx Gold Price | Loan Value (75% LTV) | | ----- | ----- | ----- | | 24K | ₹6,700 / gram | ₹5,000 / gram | | 22K | ₹6,200 / gram | ₹4,600 / gram | | 18K | ₹5,100 / gram | ₹3,800 / gram |
3) SBI Gold Loan Eligibility Criteria
- Age: The applicant must be between 18 and 70 years of age at the time of application
- Profession: No restriction on the profession of the applicant. All, including farmers and agricultural entrepreneurs, are welcome to apply!
- Income source: A consistent source of income is required, but proof is not mandatory for retirees or existing bank customers
- Gold ownership: The gold pledged must belong to the applicant and meet quality standards.
4) Documents Required for SBI Gold Loan
Before initiating the gold loan procedure, it is essential to have the documents in place. Given below are some of the most important yet basic documents which have to be submitted if you’re planning to apply for a gold loan from SBI.
- ID proof: PAN card, Aadhaar card, passport, or government-recognised proof of identification.
- Address proof: Utility bills, passports, or valid address verification documents are accepted.
- Photographs: Two latest passport-sized photographs of the applicant.
- Completed application: Accurately filled out and signed application form.
5) SBI Gold Loan Charges and Processing Fee
- Up to 3 lakhs: Nil
- Above 3 lakhs: 0.30% of the loan amount, subject to a minimum of ₹ 500 and a maximum of 10,000 + applicable GST
6) How to Apply for SBI Gold Loan (Online and Branch)
An individual can apply for a gold loan from the State Bank of India (SBI) by the following means:
- Branch visit: SBI has an extensive branch network across India. Finding the nearest branch should not be a difficult task. You may get in touch with the bank representative at the branch and apply for a gold loan
- Application Through YONO App: The State Bank of India (SBI) also offers a gold loan application through their YONO app. It offers unmatched convenience, as the applicant can apply for the loan from the comfort and convenience of their home.
7) How to Pay SBI Gold Loan Interest Online
Loan repayment has never been so convenient as it is now. Although the traditional way of making repayment at branches is still available, the borrower can also opt to repay without having to visit the branch every time! If the borrower is an existing SBI customer and maintains a bank account with SBI, then a standing instruction (SI) can be set up, which will ensure that repayment is made automatically from the available balance in the bank account. The borrowers also have an option to make repayment through digital channels provided by the bank, like the YONO application.
8) SBI Gold Loan Interest Rate Comparison: SBI vs Axis vs HDFC
SBI offers a highly cost-effective gold loan. The advantage is clear when the State Bank of India gold loan interest rate is compared with the offerings of the competition, like Axis and HDFC Bank. Below is an indicative comparison between SBI, Axis, and HDFC gold loan interest rates.
| Bank | Interest Rate | Loan Per Gram (Approx.) | Tenure | | ----- | ----- | ----- | ----- | | State Bank of India | 8.75% – 10% | ₹4,950 – ₹5,100 | Up to 36 months | | HDFC Bank | 9.5% – 12% | ₹5,000 – ₹5,250 | Up to 24 months | | Axis Bank | 10% – 13% | ₹4,900 – ₹5,200 | Up to 24 months |
