Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Eligible collateralSovereign Gold Bonds held physically when issued through SBI, or in demat form through an SBI Securities demat accountView source
Other physical or demat holding channels are not presented as eligible on the reviewed page.
- Source
- Loan Against Sovereign Gold Bond
- Page / section
- Eligibility
- Accessed
- 13 Aug 2026
- Confidence
- high
Published loan range₹20,000 to ₹20 lakh per individualView source
Sanction remains subject to market value, margin and repayment capacity.
- Source
- Loan Against Sovereign Gold Bond
- Page / section
- Features
- Accessed
- 13 Aug 2026
- Confidence
- high
Published margin35% of the market value of pledged SGBsView source
The collateral value is market-linked rather than based on the original subscription amount.
- Source
- Loan Against Sovereign Gold Bond
- Page / section
- Features — Margin
- Accessed
- 13 Aug 2026
- Confidence
- high
Current published rate10.70% p.a. effective 15 August 2025, based on one-year MCLR of 8.70% plus 2.00%Effective 15 Aug 2025View source
This current table supersedes the stale 2023 rate retained in the product-page .
- Source
- Loans Against Securities and Bank Time Deposits — Rate of Interest
- Page / section
- Loans Against Securities rate table
- Accessed
- 13 Aug 2026
- Confidence
- high
Facility tenorUp to 36 months for overdraft and 12 months for demand loanView source
Interest is serviced monthly; the demand-loan page describes bullet repayment by term end.
- Source
- Loan Against Sovereign Gold Bond
- Page / section
- Features — Tenor and repayment
- Accessed
- 13 Aug 2026
- Confidence
- high
Processing fee0.50% of the loan amount plus applicable tax, or ₹500 plus applicable tax, whichever is higherView source
The reviewed page does not publish a maximum fee.
- Source
- Loan Against Sovereign Gold Bond
- Page / section
- Features — Processing Fee
- Accessed
- 13 Aug 2026
- Confidence
- high
Prepayment chargeNo prepayment or foreclosure penalty under the published FAQView source
Other account or legal charges should still be confirmed before sanction.
- Source
- Loan Against Sovereign Gold Bond
- Page / section
- Frequently Asked Questions
- Accessed
- 13 Aug 2026
- Confidence
- high
Loan typeDemand loan or overdraft secured by eligible Sovereign Gold Bonds purchased through SBI or held in an SBI Capital Securities demat account.View source
The official page describes the general-purpose facility and its physical/demat security requirements.
- Source
- Loan Against Sovereign Gold Bond
- Page / section
- Purpose; Eligibility;
- Accessed
- 28 Aug 2026
- Confidence
- high
TenureOverdraft: up to 36 months. Demand loan: 12 months, with principal and accrued interest payable at the end of the term.View source
The current gives separate 36-month overdraft and 12-month demand-loan periods.
- Source
- Loan Against Sovereign Gold Bond
- Page / section
- — repayment period and repayment method
- Accessed
- 28 Aug 2026
- Confidence
- high
APRThe reviewed SBI product page and linked official securities rate table publish effective interest rates, not a separate APR figure or APR calculation.Effective 15 Aug 2025View source
The two official sources quote the effective interest rate and processing fee but contain no field.
- Source
- Loan Against Sovereign Gold Bond and official rate table
- Page / section
- Full product page; linked Loans Against Securities rate table
- Accessed
- 28 Aug 2026
- Confidence
- high
Rate basisThe published effective rate is based on the one-year MCLR plus a 2.00 percentage-point spread; the reviewed rate table states 8.70% one-year MCLR and 10.70% effective for this facility.Effective 16 Dec 2025View source
The rate table identifies the rate as one-year of 8.70% plus a 2.00% spread, producing a 10.70% effective rate.
- Source
- Loans Against Securities — rate page
- Page / section
- Loan against Sovereign Gold Bond — effective interest rate
- Accessed
- 29 Aug 2026
- Confidence
- high
Prepayment / foreclosureNo prepayment or foreclosure penalty under the published FAQView source
Other account or legal charges should still be confirmed before sanction. This is the issuer-published prepaymentPenalty value shown under the comparison field “Prepayment / foreclosure”.
- Source
- Loan Against Sovereign Gold Bond
- Page / section
- Frequently Asked Questions — comparison field: Prepayment / foreclosure
- Accessed
- 13 Aug 2026
- Confidence
- high
Maximum amountBorrowing up to ₹20 lakhView source
The manually reviewed product summary states: “Borrowing up to ₹20 lakh”.
- Source
- Loan Against Sovereign Gold Bonds — official product page
- Page / section
- Published loan terms in product summary
- Accessed
- 13 Aug 2026
- Confidence
- high
Benefits and features
- Demand-loan and overdraft choices
- Borrowing up to ₹20 lakh
- No income proof under the published process
- No published prepayment penalty
- General-purpose use other than speculation
Eligibility
- Applicants must be above 21 and capable of servicing interest and principal.
- Physical must have been issued through ; demat require an Securities demat account.
- The loan is not available for speculative purposes.
- market-value changes affect collateral coverage.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Application form and photographs
- and savings-account details
- Eligible physical holding evidence or Securities demat statement
- Pledge or lien documentation requested by
Related official documents
Loan against Sovereign Gold Bond — SBI official product pageofficial-product-page · current · accessed 29 Aug 2026
↗Loans Against Securities — SBI rate pageofficial-product-page · current · accessed 29 Aug 2026
↗SBI Loans Against Securities — official product pages and rate tableofficial-product-pages-and-rate-table · current · accessed 28 Aug 2026
↗SBI Loans Against Securities and Bank Time Deposits — Rate of Interestofficial-interest-rate-page · current · accessed 13 Aug 2026
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