SBI Gold Loan

Gold Loan @ 7.10%

Apply & Get Instant Money

SBI Gold Loan Key Features

SBI Gold Loan Interest Rate 7.10% per annum
SBI Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
SBI Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
SBI Gold Loan Processing Fee 1.50% of the Principal Loan Amount
SBI Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
SBI Gold Loan Repayment Tenure 3 Months to 24 Months
SBI Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of SBI Gold Loan

  • Fast Procedure: You can take a Gold Loan from SBI Bank only and speedily without any obstacles. The loan gets permitted in just 60 minutes.
  • Fewer Documents: The documentation progression is steady here; fewer documents are necessary for the gold loan in SBI Bank.
  • Transparent System: The SBI Bankproposals complete transparency to their client; and that is, there are no unidentified charges.
  • Amount of Loan: The least amount of loan that SBI Bank can provide to their client is Rs. 15,000. And, in rural districts, it can be less than Rs 10,000.
  • Safety of Jewellery: One thing to note is that the bank takes full accountability for the protection of your gold. Afterwards, they kept the gold in fire-proof safety.
  • Loan Tenancy: The time-period of the Gold loan in SBI Bank can be from 3 months to 2 years. Afterwards, you can pick your luxury accordingly.
  • Profits for Agriculturalists: SBI Bank offers some different deals for agricultural purposes. SBI Bank offers a nominal Gold Loan interest rate for agronomic purposes.
  • No Debt Issue: There can be a set of circumstances like in which if an applicant is not able to repay the amount of loan, in that instance the applicant will not be under any debts as the bank will only seize the applicant’s ornaments.
  • No Income borders: There are no restrictions on the salary or income of the applicant; henceforth, anyone with any salary range can apply for a gold loan in SBI Bank.

How Much Gold Loan can I Get through SBI Gold Loan?

SBI Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

SBI Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

SBI Gold Loan Documents Required

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

SBI Gold Loan Interest Rate, Fees and Charges

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

About SBI Gold Loan

Life is full of worries and fears. Subsequently, you may need cash to fight with financial problems in your life. In that case, you can get a Gold Loan from SBI Bankto fight with the economic emergency. A gold loan is a safe loan. After, the people with reduced CIBIL score can also apply for this service.

However, there is a lot of financial banking and non-banking organizations that may provide you with the gold loan, but Gold Loan is considered the greatest. SBI Bank came into existence in 1955. It is one of the most deceptive and persistent banks in India. Also, it is known for its robust economic features. Here the transactions are very safe.

  • SBI BankGold Loan Interest Rate is 7.10% per annum
  • SBI BankGold Loan Per Gram is ₹ 5,255
  • SBI BankGold Loan Tenure: Up to 24 months
  • SBI BankGold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST

Types of SBI Gold Loan

SBI Bank offers some plans allied to the Gold Loan item which are listed below:

  • Loan Against Gold – SBI Bank offers Gold Loan at fascinating steps are essential to satisfy anybody’s critical need of assets for any reason whether individual or professional. The gold credit is made sure about the type of loans, and then, the bank has no danger in giving the entirety to the applicant, so it is given at a slower step of best when associated with different types of Loan items.
  • Loan Against Gold for the Farming industry – SBI Bank offers Gold Loans clearly to farming industry purposes to ranchers at a rare step of interest when connected with gold loans given for different possibilities. They are given multiple offers, and at the time of taking the loan, you have to give the bank your Property evidence.

SBI Gold Loan EMI Calculator

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your SBI Gold Loan EMI?

  • Standing Instruction (SI): If you are an account holder with SBI Bank, Standing Instruction is an extremely dependable procedure to pay. Your EMI entirety will be credited logically on the way to the month’s end to month time frame from the SBI Bankaccount your show.
  • Electronic Clearing Service (ECS): The program can be useful in the incident that you have a non – SBI Bank and may need your EMIs to be charged hence close to the highest limit of the month to month cycle from this record.
  • Post-Dated Checks (PDC): You can present post-dated EMI investigations from a non-SBI Bankaccount at your nearest SBI BankLoan Centre. Another method of PDCs should be accessible in a precise way. It will be great in the manifestation that you note Post Dated Checks will be collected non-ECS states usually speaking.

SBI Gold Loan Contact Number

Call 9878981144 And get immediate help and agreement for your SBI BankGold Loan. You can now know the premium proposals on Gold Loan obtainable from all the SBI Bank Branches in all over the country to gain the top deal linked according to your requirements.

Gold Ornaments Accepted by SBI 

  • Gold Jewellery – Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are allowable by SBI Bank to take a Gold Loan.
  • Quality – The quality of gold must be in between of 18 Carat to 22 Carat. Any gold ornament, which is 24 Carat, cannot be used to take a gold loan.

Use of SBI Gold Loan

The assets stable by availing the SBI BankGold Loan facility which can be used for plentiful purposes like:

  • To fund any precise hoards like marriage, climbing, instalment of higher education expenses, etc.
  • For all your marketing necessities, such as obtaining new supply, developing marketing, etc., loan facility is accessible.
  • You can also apply for Gold Loan for agrarian ideas. The bank gives minor charges of interest for Gold Loans that are used for agriculture or related plans.

 

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%

 

FAQs About SBI Gold Loan

  • What is SBI Bank Gold Loan?

SBI Bank Gold Loan is a loan system that you can apply for urgent financial help by keeping your gold as safety with the bank. Also, it comes with great interest rates on Term Loan, Overdraft, and EMI based loan. Customary Gold Loan disbursement time at SBI Bank is just 45 minutes.

  • How can I get the Gold Loan from SBI?

You can fluently get the SBI BankGold Loan by visiting any of the gold loan offering branches of SBI Bank, or you can apply online with MagicLoans by just sitting at your home and get the best agreements and proposals. SBI Bank is one of the central banks in India that offers Gold Loan features.

  • What is Gold Loan Interest Rate in SBI?

The Gold Loan interest rate in SBI Bank is 7.10% per annum. The rate of interest is subject to several factors, namely: loan amount, loan time-periods, purity of gold, and connotation with SBI Bank.

  • How much Gold Loan can I get per gram in SBI?

The per gram Gold Loan in SBI Bank that you can get depends on the purity of your gold. SBI Bank decided to take the gold of purity between 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,255 Per Gram in SBI BankGold Loan.

  • How to check Gold Loan status in SBI?

To check your SBI BankGold Loan status all, you need to do is, visit the SBI Bank Loan Status Tracker web page and fill your details in the form given there and you can track the status resourcefully of your loan from residence and stay updated.

  • How to calculate Gold Loan Interest in SBI?

You can calculate the interest on your SBI BankGold Loan using MagicLoans EMI Calculator which gives you protected amounts based on the info you enter into the calculator.

  • How to Pay SBI Gold Loan Interest Online?

You can pay SBI BankLoan interest online through net banking on the official SBI Bankloan compensation web page or else, you can also refund your SBI BankGold Loan on Paytm using your selected payment process.

  • What if I can’t pay the interest on SBI Gold Loan for 3 months?

If you do not pay your Gold Loan for three months, firstly the bank will remind you of your due payments. And after that, If the payment requests go disregarded, endorsed legal notice is sent demand the compensation to finish for the loan. Non-payment on your Gold Loan will lead to a diminishing of your credit score and also makes you legally accountable to face legal actions by the bank as well as seizure and auction of your gold.

  • How can I apply for EMI Moratorium on SBI Gold Loan?

You can now apply for an EMI Moratorium on SBI Bank Gold Loan between 1st March to 31st August 2020, and it has to be done by communicating the bank’s customer care or by visiting the nearest SBI Bank branch.