Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Repayment variantsEMI gold loan, 12-month bullet repayment gold loan and gold-loan overdraft
Source 1EligibilityIndividuals singly or jointly, age 18+, with a steady source of income; income documents required above ₹2.5 lakh
Source 2Minimum loan₹20,000 for EMI or bullet variants; ₹5 lakh for overdraft
Source 3Rates as of 16 June 20269.15% p.a. for 12-month bullet; 10.10% p.a. for EMI and overdraft variantsEffective 16 Jun 2026
Source 4Published margin28% for EMI, 35% for 12-month bullet and 26% for overdraft
Source 5Maximum repayment period36 months for EMI and overdraft; 12 months for bullet repayment
Source 6Processing fee by loan amount₹50,000-₹2 lakh: 0.50%, minimum ₹500; above ₹2 lakh-₹25 lakh: 0.30%, minimum ₹1,000; above ₹25 lakh: 0.25%, minimum ₹7,500 and maximum ₹15,000; GST extra
Source 7SecurityPledge of gold ornaments verified for quality and quantity; eligible bank-sold gold coins are also described
Source 8Benefits and features
- EMI, bullet and overdraft variants
- Published rates from 9.15% p.a. as of 16 June 2026
- Minimum borrowing from ₹20,000 for non-overdraft variants
- Tenure up to 36 months
- Existing fully KYC-compliant SBI customers have a reduced document list
Eligibility
- Gold is pledged to SBI and is exposed to enforcement if repayment terms are not met.
- Supporting income documents are required for amounts above ₹2.5 lakh.
- Gold-appraiser charges and GST on applicable fees are extra.
- Rates and advance value per gram can change under bank policy.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- SBI Personal Gold Loan application
- Two recent passport-size photographs
- Relevant officially valid document for new-to-bank, non-KYC-compliant or changed-details customers
- Income documents for borrowing above ₹2.5 lakh
- Eligible gold for appraisal and pledge