SBI Gold Loan Interest Rate: Latest Rates & Loan Details

Interest RatesJan 30, 20266 Min min read

Written by LoansJagat Team

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Key Insights

Find out the interest rate that applies to your loan amount, such as ₹1,00,000, ₹3,00,000, or ₹5,00,000.

If you multiply your gold’s weight by the current per-gram rate for 22-carat gold, you can see how much you can borrow.

If your loan is over ₹3,00,000, the processing fee is 0.30% of the loan amount. There is a fixed minimum and maximum charge.

You can get competitive secured loans by learning about what SBI offers. To plan better, look up the SBI gold loan interest rate for 3 lakh or SBI gold loan interest rate for 5 lakh, and consider special options like the SBI agri gold loan interest rate.

The interest rate is the yearly fee you pay to borrow money using your gold as security. It works a bit like a storage fee for your jewellery while you use the bank’s money.

For instance, the SBI agriculture gold loan interest rate can be lower for farmers. The amount you can borrow depends on the current SBI gold loan per gram rate today 22 carat, which sets the value of your gold as collateral.

When I needed money, I looked up the SBI gold loan interest rate for 1 lakh to figure out the costs. I also checked the current sbi gold loan per gram rate today 22 carat gold to see how much I could get for my jewellery. This helped me make sure I got the best loan value.

Types of Gold Loans Offered by SBI

Need quick cash without selling your gold? Here’s how SBI Bank’s gold loan options can help you get funds fast and safely.

Here is the list of the types of SBI gold loan interest rates:

Types of Gold Loan

Features and Benefits

SBI Personal Gold Loan

The maximum loan amount you can apply for is ₹50,00,000
The minimum loan amount available is ₹20,000.
Margin requirements:
- For gold loans with EMI payments, the margin is 25%.
- For gold loans with a 3-month bullet repayment, the margin is 30%.
- For gold loans with a 6-month bullet repayment, the margin is 30%.
- For gold loans with a 12-month bullet repayment, the margin is 35%.
- For gold loan overdrafts, the margin is 26%.
- No further appraisal of the pledged gold is needed for the next two renewals, as long as the gold stays with the Bank.
Security for the loan is provided by pledging gold ornaments, which will be checked for both quality and quantity.

Multi-Purpose Gold Loan

Farmers who are involved in agriculture, whether they cultivate their own land, lease land, or grow crops, are eligible.
Farmers working in related fields such as dairy, poultry, fisheries, piggery, or sheep farming are also included.
Entrepreneurs and farmers who need investment credit for buying farm machinery, land development, irrigation, horticulture, and similar activities can apply.
All other farming activities allowed under agriculture by RBI, Government of India, or NABARD guidelines, but not covered by the Agri Interest subvention scheme, are eligible.

Loan Amount:

Minimum: ₹5,000
Maximum: ₹25,00,000

SBI offers several gold loan options that let you get cash easily while keeping your gold safe. This way, you can use your gold to cover your expenses without selling it.

SBI Gold Loan Processing Fees & Charges

Stop guessing what SBI Gold Loan will actually cost. Here’s the full fee list, so you know every charge before you apply.

Here is the list of the fees and charges of the SBI gold loan:

Sr. No	Loan Amount	Processing fees
1	Up to ₹3,00,000	Nil
2	Above ₹3,00,000	0.30% of the loan amount, subject to a minimum of ₹500 and a maximum of ₹10,000 + applicable GST
Applicable for all the variants of P Gold loans

No more hidden charges or last-minute surprises. SBI’s clear fee structure means you know exactly what you’ll pay when you secure your funds.

How to Apply for an SBI Gold Loan?

Think getting an SBI gold loan is confusing? Here’s the step-by-step process most people skip. Follow this and get your loan approved without any hassle.

Start by visiting the SBI Personal Gold Loan page or using the YONO app. Fill out the application with your personal and loan details.
Next, upload the required documents. These include proof of identity, such as your PAN, Aadhaar, or Passport, and proof of address.
Wait for approval while your gold’s purity and weight are evaluated.
Go to your chosen SBI branch to deposit your gold ornaments for appraisal and final verification.
After your gold is verified, the loan will be disbursed. You may choose either bullet repayment or EMIs.

With this simple digital-to-branch process, you can quickly get cash for your gold, backed by SBI’s trusted security and fast service.

Conclusion

SBI’s gold loan service offers both easy access and reliability. With competitive rates, clear fees, and a simple digital process, you can quickly and safely turn your gold into cash for any financial need.

FAQS

Is the interest rate at SBI incorrect?

Recent data shows that the State Bank of India (SBI) updates its interest rates often. As of early 2026, savings accounts offer 2.50% per year, gold loans start at 8.25% per year, and auto loans range from 10.45% to 15.60% per year. If you notice any differences, it may be because you are looking at outdated or incorrect rate tables instead of the latest figures on the official SBI website.

SBI Bullet Gold Loan – Do I Pay Full Interest If I Close Early?

No, you do not have to pay the full interest if you close your SBI Bullet Gold Loan early. SBI gold loans usually do not have prepayment or foreclosure charges. This means you can repay your loan early and save on interest, since interest is only charged for the time you had the loan.

What are SBI Gold loans: Interest Rate, Eligibility of May?

As of January 2026, SBI Gold Loans provides financing at interest rates from 8.70% to 9.95% per year for amounts between ₹20,000 and ₹50,00,000, with repayment periods up to 36 months. To qualify, you must be between 18 and 70 years old, complete KYC, and own gold ornaments between 18K and 24K. The main benefits are low processing fees (0.50% plus GST), flexible repayment options like EMI or Bullet, and quick access to low-interest funds.

What is an SBI Personal Gold loan, and what are its features?

The SBI Personal Gold Loan lets you borrow money for personal needs by pledging your gold ornaments or coins. You can get a loan from ₹20,000 to ₹50,00,000. Interest rates start at about 8.25% per year. Repayment is flexible, with options from 3 to 36 months, including bullet repayment. Most applicants only need minimal documents and do not have to show income proof.

How to check the gold loan balance in SBI?

To check your gold loan balance, log in to your SBI net banking account. You can also use the Yono SBI app to view your balance.

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About the author

LoansJagat Team

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‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.

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