SBI Gold Loan

SBI Gold Loan Key Features – Apply Now!

SBI Gold Loan Interest Rate 7.11% per annum
SBI Gold Loan Per Gram Rate Per Gram Today is ₹ 5,032
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 Processing: The approval and disbursal method of the SBI Gold Loan is fast and straightforward. The loan gets usually passed in an associate hour.
  • Low-Interest Rate: The rate of gold loans square measure abundant lower as compared to alternative loans because it may be a secured loan.
  • Minimal Documentation: The documentation method is straightforward and straightforward; the smallest amount variety of documents square measure needed for approval of the SBI gold loan.
  • Transparent System: we have a tendency to apply no hidden charges on loan. The bank aims to stay absolutely clear to you.
  • Loan Amount: The minimum quantity of loan out there to customers is Rs. 15000. Many times, it is often but Rs 10000 in remote areas.
  • Security of Jewelry: we have a tendency to square measure accountable for the safety of your gold. Thus, the gold is unbroken in fireproof vaults.
  • Loan Tenure: The tenure of the gold loan is often from three months to two years. you’ll create an alternative for the tenure per your comfort.
  • Benefits for Farmers: SBI provides some special offers for agricultural functions. That indicates the bank offers the farmers a rather lower Gold loan rate for agricultural usage.
  • No Debt Burden: We know that there can emerge circumstances wherein a candidate can’t remunerate the credit sum, in such a situation the moneylender won’t be under obligation as the bank will just hold onto the ornaments kept by you.
  • No financial gain bounds: There are not any such limitations relating to the regular payment or financial gain of the lender; so, anyone with any financial gain vary will avail of a gold loan anytime.

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:

If you’re dealing with economic issues, defeat your crises with the maximum affordable option, Gold Loan. The loan this is furnished closer to gold is called Gold Loan. The borrower continues his gold adorns as collateral with the lender and takes the cash. Get on the spot approval and a hassle-unfastened process. Available on smooth documentation. A gold loan is a secured loan. Therefore, the person who has a low CIBIL score can also without difficulty avail of this service.

Though there are lots of economic banking and non-banking agencies that offer you with a gold loan service, however, SBI Gold Loan is considered the maximum. It is a few of the most reputed and reliable banks in India. Also, It is famed for its brilliant monetary services. So, observe for the SBI Gold Loan and avail the nice gives for your product.

  • SBI Gold Loan Interest Rate is 7.11% per annum
  • SBI Gold Loan Per Gram is ₹ 5,032
  • SBI Gold Loan Tenure: Up to 24 months
  • SBI Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of SBI Gold Loan:

SBI gives numerous schemes linked to the Gold Loan product which can be indexed below:

  • Loan Against Gold – SBI offers Gold Loan at attractive costs of interest to satisfy anyone’s dire requirement of a budget for any reason whether or not or now no longer non-public or professional. The gold loan actually is a secured loan then; the financial institution has no hazard in granting the quantity to the individual, so it is supplied at a decrease charge of the interest as in comparison to numerous varieties of Loan merchandise.
  • Loan Against Gold for Agriculture – SBI offers Gold Loans in particular for agriculture capabilities to farmers at a selected charge of the interest in comparison to gold loans given for numerous different uses. They are given unique gives and they ought to show out the financial institution Land proofs that they’re taking the loan for.

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?

Your SBI gold loan is normally reimbursed within the following 3 opportunity methods:

  • Standing Instruction (SI): Standing Instruction is the first-rate and maximum dependable approach of fee in case you are presently an account holder with SBI. Your EMI quantity is credited routinely in the direction of the stop of the month to month amount from the SBI financial institution account you show.
  • Electronic Clearing Service (ECS): This approach of the fee is normally implemented when you have a non-SBI document and may need your EMIs to be debited therefore close to to the decline of the month to month technique from the account you point out to us.
  • Post-Dated Checks (PDC): You can monitor your post-dated EMI reviews from a non-SBI monetary declaration at your nearest SBI loan Center. A one-of-a-kind model of PDCs was given to be granted quickly. It could be wonderful in case you be aware Post Dated Checks are progressing to be accrued non-ECS states as it was.

SBI Gold Loan Contact Number:

Call 9878981144 and accumulate on the spot assist and popularity of your SBI Gold Loan. You can without difficulty get to recognize the handiest gives on Gold Loan available from all of the SBI Branches at some point of the country to avail the maximum green deal relevant on your wishes.

Gold Ornaments Accepted by SBI :

  • Gold jewellery, for instance, Gold Bangles, Gold bands, Gold anklets, Gold necklaces, etc. all of those embellishes are received through SBI for availing a Gold Loan.
  • Quality: The first-class of gold must be among 18 Carat to 22 Carat. Any gold decoration this is 24 Carat can’t be used while making use of for a gold loan.

Use of SBI Gold Loan:

The budget accrued through availing the SBI Gold Loan carrier can be used for numerous features such as:

  • To fund any precise investments like matrimony, hiking, instalment of better lessons payments, etc.
  • For all your advertising requirements, like getting supplies, developing, promoting, etc., loan carrier is continually available.
  • You also can moreover avail of a Gold Loan for agriculture ideas. The financial institution offers decrease charges of the interest for Gold Loans which might be used for farming or linked projects.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.11% – 14.50%

ICICI Gold Loan

7.11% – 16.10%
Muthoot Finance Gold Loan

7.11% – 24.00%

Axis Bank Gold Loan

7.11% – 17.11%
Manappuram Gold Loan

7.11% – 26.00%

Yes Bank Gold Loan

7.11% – 15.99%
Bank of India Gold Loan

7.11% – 26.00%

Federal Bank Gold Loan 

7.11% – 13.50%
IIFL Gold Loan

7.11% – 12.00%

Central Bank of India Gold Loan

7.11% – 14.65%

Canara Bank Gold Loan

7.11% – 12.65%

Allahabad Bank Gold Loan

7.11% – 10.45%

Induslnd Bank Gold Loan

7.11% – 15.75%
PNB Gold Loan

7.11% – 11.75%

Bajaj Finance Gold Loan

7.11% – 26%
SBI Gold Loan

7.11% – 15.99%

Indian Bank Gold Loan

7.11% – 15.99%
UCO Bank Gold Loan

7.11% – 26.00%

Kotak Mahindra Bank Gold Loan

7.11% – 13.50%
Syndicate Bank Gold Loan

7.11% – 12.00%

 

FAQs About SBI Gold Loan:

  • What is the SBI Gold Loan?

SBI Gold Loan is a loan kind which you simply can avail for pressing economic assist through preserving your gold as collateral with the bank. It additionally comes with enticing interest costs on Term Loan, Overdraft, and EMI primarily based totally on loan. The common Gold Loan disbursal time in India is simply forty-five minutes.

  • How can I get the Gold Loan from SBI?

You can get an SBI Gold Loan through journeying any of the gold loan approving branches in India; otherwise, you may follow online with LendingWale from the consolation of your private home and take the high-quality offers and offers. It is one of the few main banks in India that has Gold Loan services.

  • What is the Gold Loan Interest Rate in SBI?

The Gold Loan fee in India is 7.11% in line with annum. The interest fee relies upon a number of components, namely: loan amount, loan tenure, purity of gold, and courting with the bank.

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

The loan per gram Gold Loan in SBI which you simply gets relies upon at the purity of your gold. SBI accepts gold of purity among 18 carats to 22 carats to supply a Gold Loan. You’ll be capable of avail up to ₹ 5,032 Per Gram in SBI Gold Loan.

  • How to check Gold Loan status in SBI?

In order to decide your SBI Gold Loan status, all you need to do do is go to the SBI loan fame tracker net web page and fill for your information inside the software given. You’ll be capable of without delay song the fame of your loan from wherever and preserve updated.

  • How to calculate Gold Loan Interest in SBI?

You can calculate the interest to your SBI Gold Loan interest via LendingWale’ EMI Calculator which offers you actual quantities primarily based totally at the records you input into the calculator.

  • How to Pay SBI Gold Loan Interest Online?

You can effortlessly pay SBI Gold Loan interest online via net banking at the legitimate SBI loan reimbursement internet site or else; you may likewise pay off your SBI Gold Loan on Paytm making use of your maximum favoured fee method.

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

If you aren’t paying your SBI Gold Loan inside 3 months, the financial institution will first remind you of your incomplete dues. If the fee requests cross unheard, a proper felony word is sent concerning the reimbursement and closure of the loan. Defaulting to your Gold Loan ends in a lower of your credit score rating and conjointly reasons you to be liable to face felony moves via way of means of the financial institution collectively with the confiscation and public sale of your gold.

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

You can practice for EMI Moratorium on SBI Gold Loan presently among the first March and thirty-first August 2020 and has were given to be achieved via way of means of contacting the Bank consumer care or travelling the nearest SBI branch.