State Bank of India, a bank headquartered in Mumbai and established in 1955, offers a gold loan at a floating interest rate ranging from 8.65% to 9.95%. The processing fee is 0.25% of the loan amount, subject to a minimum of ₹250 and a maximum of ₹10,000. There is no prepayment penalty. Loan amounts range from ₹20,000 to ₹50 lakh, with tenures from 3 to 36 months.
The lender describes its own gold-loan rates as the lowest among gold-loan lenders, with the per-gram rate updated daily and a bullet-repayment option available. Eligible applicants — salaried, self-employed, or professional — must be aged 18 to 70; there is no minimum salary requirement. Documentation includes PAN Card, Aadhaar Card, gold ornaments for pledge, and passport-size photographs.
At 8.65%, State Bank of India has one of the lowest starting rates of the 16 lenders we track for gold loans.
As published by State Bank of India. Your branch may ask for more.
Best for: Borrowers needing ₹20K–₹50L same-day with no income proof — secured by 22K gold; LTV up to RBI cap of 75%.
Up to 75% of the assessed gold value — the RBI loan-to-value cap. The rate depends on the lender and scheme, not your credit score.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.