Interest Rate & Loan Details

• Interest Rate: Competitive interest rates starting from 7.50% p.a. (subject to change as per SBI policy)
• Loan Amount:
  • Minimum: ₹20,000
  • Maximum: ₹50 lakh (or as per SBI guidelines)
• Loan Tenure: Up to 36 months (flexible repayment options)
• Processing Fee: 0.50% of the loan amount plus applicable GST
• Pre-closure Charges: Nil or as per SBI norms
• Loan-to-Value (LTV) Ratio: Up to 75% of the pledged gold’s market value

Purpose of Gold Loan

SBI Gold Loans can be availed for various financial purposes, such as:

• Personal expenses
• Medical emergencies
• Education costs
• Business investments
• Agricultural needs

Eligibility Criteria

To qualify for an SBI Gold Loan, you must meet the following eligibility criteria:

• Age: Minimum 18 years
• Gold Ownership: Should own gold jewelry or coins (excluding those with gemstones)
• KYC Compliance: Must provide valid identity and address proofs
• Landholding Documents: Required for agricultural loans above ₹1 lakh

Documents Required

Applicants need to submit the following documents:

• Application Form: Duly filled and signed
• Identity Proof (Any one): Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License
• Address Proof (Any one): Aadhaar Card, Utility Bills, Ration Card, or Lease Agreement
• Photographs: Two passport-size photos
• Landholding Documents: For agricultural loans exceeding ₹1 lakh

Loan Amount & Security

• Minimum Loan Amount: ₹20,000
• Maximum Loan Amount: ₹50 lakh
• Loan Security: Pledged gold jewelry or coins (excluding those embedded with gemstones)

Repayment Options

• EMI-Based Repayment: Pay fixed monthly installments over the loan tenure.
• Bullet Payment: Pay periodic interest and repay the principal at the end of the term.

Charges & Fees

• Processing Fee: 0.50% of the loan amount plus applicable GST
• Gold Valuation Fee: As per bank or third-party valuation
• Prepayment Penalty: As per SBI policy
• Late Payment Penalty: Applicable for delayed EMI or interest payments

Key Considerations Before Applying

• Gold Quality: Only gold with purity between 18 and 22 carats is accepted.
• Loan Terms: Carefully review the terms and conditions before signing the loan agreement.
• Gold Security: Non-repayment may lead to auctioning of the pledged gold.

Benefits of SBI Gold Loan

• Quick Disbursal: Receive the loan amount within a few hours after approval.
• Low Interest Rates: Starting from 7.50% p.a.
• High LTV Ratio: Avail up to 75% of your gold’s market value.
• Flexible Repayment Options: Choose from EMI-based or bullet repayment plans.
• No Guarantor Required: The gold you pledge serves as the collateral.

Contact State Bank of India

• Head Office Address:
  State Bank Bhavan,
  Madame Cama Road,
  Nariman Point, Mumbai – 400021
• Customer Care Number: 1800 11 2211
• Email: contactcentre@sbi.co.in
• Official Website: www.sbi.co.in

Disclaimer: The above information is subject to change. For the latest updates, please refer to the official State Bank of India website or contact your nearest branch.