State Bank of India Gold Loan
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.
Documents required
- PAN Card
- Aadhaar Card
- Gold ornaments for pledge
- Passport-size photographs
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%.
Eligibility
Loan terms
- Lowest gold loan rates
- Per gram rate updated daily
- Bullet repayment option
Fees & charges
FAQ
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.
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