SBI Gold Loan 2026
India’s largest bank offers personal, agricultural and overdraft gold loans through its branch network, with some of the lowest rates in the market. Interest rate 9.15% – 10.10%, loan ₹20,000 – ₹50 lakh, tenure 3 – 36 months (bullet up to 12 months).
Rates as of Sep 2026 · Checked 30 September 2026SBI Gold Loan at a glance
- Low starting rate and transparent MCLR-linked pricing
- Very wide branch reach
- Separate low-cost agri gold loan
- Branch processing can take longer than NBFCs
- Minimum loan ₹20,000
SBI gold loan interest rate & charges
| Feature | SBI |
|---|---|
| Interest rate | 9.15% – 10.10% |
| Rate details | Starts from 9.15% p.a. (official); up to about 10.10% by variant. Bullet 3/6/12-month and EMI variants are priced separately. |
| Processing fee | 0.25% + GST (min ₹250); waived on some bullet variants |
| Loan amount | ₹20,000 – ₹50 lakh |
| Tenure | 3 – 36 months (bullet up to 12 months) |
| Prepayment / foreclosure | No prepayment charge on floating-rate loans; bullet loans can be closed any time with interest to date |
| Repayment | EMI, bullet (3/6/12 months) or overdraft (Realty Gold Loan) |
| Agri gold loan | Multi Purpose Gold Loan at 8.85% (1-yr MCLR + 0.15%), ₹5,000 – ₹25 lakh, 12 months |
Special schemes & features
For farmers: 8.85% p.a., fee nil up to ₹50,000
Overdraft against gold for SBI home-loan customers
Pay interest + principal together at the end of 3, 6 or 12 months
Source: sbi.bank.in, Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at SBI’s rates
| Loan amount | EMI @ 9.15% | EMI @ 9.63% | EMI @ 10.10% |
|---|---|---|---|
| ₹1,00,000 | ₹8,752 | ₹8,774 | ₹8,796 |
| ₹3,00,000 | ₹26,256 | ₹26,323 | ₹26,389 |
| ₹5,00,000 | ₹43,761 | ₹43,872 | ₹43,981 |
Tenure 1 year, reducing-balance method. Total interest on ₹2,00,000 at 9.15%: ₹10,051.
SBI gold loan EMI calculator
Eligibility
- Any individual aged 18 or above (upper age limits vary; often 70–75)
- Owner of gold jewellery or bank-issued gold coins (coins up to 50 g in total)
- Farmers for agri gold loans (land records may be needed)
- For loans above ₹2.5 lakh the lender must assess your repayment capacity (RBI 2026 rule)
Documents required
- Photo ID and address proof (Aadhaar, passport, voter ID, driving licence)
- PAN card (mandatory above ₹5 lakh at most lenders; needed for higher amounts)
- Passport-size photograph
- Proof of income for larger loans or EMI loans
- Land records / crop details for agri gold loans
- Proof of ownership of jewellery if asked (purchase bill, declaration)
How to apply for SBI Gold Loan
- Visit branch or book onlineCarry your jewellery and KYC; many lenders offer doorstep valuation.
- ValuationThe lender tests purity (karatmeter/acid test), weighs net of stones and values it at the RBI-mandated benchmark.
- Choose schemePick loan amount, rate and repayment — EMI, bullet or overdraft. Read the Key Facts Statement for APR.
- Pledge & signGold is sealed in your presence; you get a pledge receipt with item-wise weight and purity.
- DisbursalMoney goes to your bank account (RBI requires disbursal to the borrower’s account).
SBI vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹2,00,000 |
|---|---|---|---|---|
| Indian Bank Jewel Loan | 8.50% – 9.75% | About 0.25% + GST | Bullet up to 12 months; EMI up to 35 months | ₹17,444 |
| PNB Gold Loan | 8.95% – 9.25% | 0.30% of loan or ₹500, whichever is higher, + GST | Up to 12 months for bullet/OD (renewable); up to 36 months EMI | ₹17,486 |
| Muthoot Finance Gold Loan | 9.00% – 22.00% | Service/processing charges vary by scheme; security charge 0.15% (₹100 – ₹1,000) | Up to 12 months (normal schemes) | ₹17,490 |
| HDFC Bank Gold Loan | 9.10% – 17.86% | Up to 1% of loan + GST; valuation ₹250 – ₹575 | 6 – 42 months (bullet up to 12 months) | ₹17,500 |
| SBI Gold Loan | 9.15% – 10.10% | 0.25% + GST (min ₹250); waived on some bullet variants | 3 – 36 months (bullet up to 12 months) | ₹17,504 |
| IIFL Finance Gold Loan | 9.72% – 27.00% | Up to 2% + GST depending on scheme | Up to 2 years | ₹17,557 |
| Axis Bank Gold Loan | 9.75% – 17.00% | ₹300 up to ₹2 lakh; 0.50% + GST above ₹2 lakh | 6 months – 3 years | ₹17,560 |
| Manappuram Finance Gold Loan | 9.90% – 23.34% | Processing ₹25 + tax; insurance ₹25 | Short-term; scheme-dependent | ₹17,574 |
Frequently asked questions
What is the SBI Gold Loan gold loan interest rate?
SBI gold loan rates start at 9.15% and go up to 10.10% p.a. (as of Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹2,00,000 from SBI?
At 9.15% for 1 years the EMI is about ₹17,504, with total interest of ₹10,051.
What is the processing fee?
SBI: 0.25% + GST (min ₹250); waived on some bullet variants. GST at 18% applies on fees.
What is the maximum tenure?
SBI: 3 – 36 months (bullet up to 12 months).
Can I prepay or foreclose the loan?
SBI: No prepayment charge on floating-rate loans; bullet loans can be closed any time with interest to date.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with SBI Gold Loan. Terms change — confirm with the lender.