SBI Gold Loan

Features of SBI Gold Loan 

The significant features of SBI gold loan are mentioned below: 

• Minimum loan amount is Rs.20,000 

• Minimum amount for overdraft product is Rs.5 lakh 

• Keep gold ornaments as security after verifying the quantity and quality. 

• No re-appraisal of pledged gold required for the next two renewals provided gold remains in bank custody. 

• Additional charges of gold appraisal charges to be borne by the applicant. 

The details of the margin requirements are mentioned in the table below: 

SBI Gold Loan Interest Rates

Interest rates for SBI Personal Gold Loan Scheme starts at 8.70% 8.65% p.a. The rate of interest of various SBI gold loan schemes are listed in the table below:

Processing Fee of SBI Gold Loan 

The details about the processing fee of SBI Gold loan are mentioned in the table below: 

Eligibility Criteria to Avail an SBI Gold Loan

Individuals who wish to avail a loan under this Gold Loan scheme need to satisfy a few basic eligibility criteria that are mentioned in the table below:

Documents Required for SBI Gold Loan

The documents required to submit to apply for SBI Gold Loan are listed below: 

Existing to Bank (ETB) Customers (Fully KYC Compliant Account) 

• P Gold Loan Application Form  

• Two latest passport-size photographs  

ETB Customers (KYC Compliant, but Details Need Update) 

(For change in address or other details) 

• P Gold Loan Application Form  

• For updating details, a copy of the relevant Officially Valid Document (OVD) to be submitted. 

• Two latest passport-size photographs  

Non-KYC Compliant NTB Customers and New to Bank (NTB) Customers 

• P Gold Loan Application Form  

• Copy of any OVDs as identity and address proof. 

• Two latest passport-size photographs  

Other Valid Documents  

• Aadhaar Card  

• Voter’s ID Card 

• Passport   

• Driving License  

• MGNREGA Job Card 

Repayment  

The details about the repayment mode and repayment period are mentioned the tables below: 

Repayment mode 

How SBI Compares with Other Lenders

How to Apply for SBI Gold Loan? 

Customers can apply for SBI Gold Loan by the following modes: 

• Visiting the nearest SBI branch with the required documents. 

• Through the SBI YONO app. 

• Apply through customer care center 

The contact details for customer care center to apply for SBI gold loan are: 

• Call 1800-1234 or 1800 2100   

• Give missed call at 7208933143 or SMS “GOLD” on 7208933145 

Note: Contact center executive will reach out to the customer after giving missed call or sending SMS. 

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