1. SBI Personal Gold Loan
Gold Loan EMI based : 0.25% of loan amount subject to minimum Rs. 250 + applicable GST. Others : Gold appraiser charges will be paid by the Applicant.
SBI Personal Gold Loan
2. Apply Online for SBI Personal Gold Loan in India
Personal Gold Loans Landing Page · 8.40%* p.a. · Start From · 11.05% p.a.* · 2.70% p.a. · 3.00% p.a. · Starts From 8.70%* ...
Apply Online for SBI Personal Gold Loan in India. Avail loan by pledge of gold ornaments including gold coins sold by Banks with minimum paper work & low interest rate.
3. SBI Gold Loan Interest Rates - Documents, Eligibility, Details
SBI bank gold loan interest rate. 8.80% ; Amounts. Rs. 20,000 - Rs. 50,00,000 ; Age Limits. 18 Years - 70 Years ; Tenures. 36 Months ; Accepted Gold. Ornaments ...
Get to know about SBI Gold Loan interest rates along with eligibility criteria, documents required, the process to apply and more in detail.
4. SBI Gold Loan per Gram in 2023 | IndiaGold
SBI Bank Gold Loan Per Gram Rate of Today is Rs 3300 to Rs 3,500. SBI Gold Loan interest rate is 7.25% - 9.75% pa. Get a better Per gram rate of ₹3714.75 - ₹ ...
SBI Bank Gold Loan Per Gram Rate of Today is Rs 3300 to Rs 3,500. SBI Gold Loan interest rate is 7.25% - 9.75% pa. Get a better Per gram rate of ₹3714.75 - ₹3962.4 & interest rate of just 0.77%* per month at Indiagold.
5. SBI Gold Loan Interest Rate (September 2023) - Forbes
Apr 17, 2023 · Interest Rate on SBI Gold Loan in 2023 ; Overdraft, 9.75%, 0.50% ; 3 Months Bullet Repayment, 8.65%, INR 200 ; 6 Months Bullet Repayment, 8.75% ...
The State Bank of India, popularly known as SBI, offers secured loans against hallmarked gold ornaments and coins offered by banks that are pledged as a collateral security. The interest rate is then applied which varies as per repayment type — EMI, overdraft or bullet repayment — opted by the b
6. State Bank of India (SBI) Gold Loan updated on 17 September 2023
SBI offers the lowest gold loan interest rate starting from 7.50% only. Hence, most borrowers wish to apply for loan at this bank. At a lower rate of borrowing, ...
State Bank of India (SBI) Gold Loan starting 7.5%. Get loan upto Rs. 20 Lakhs for 3 years. Know more about fees and charges, apply now!
7. SBI Gold Loan Interest Rates - 15 September 2023 - Loanbaba
State Bank of India (SBI) Gold loan Interest Rate is as low as 7.50%. The lowest EMI per Rs. 1 lakh is Rs. 3,111. You can apply for the loan against gold if ...
SBI Gold Loan Interest Rate starting 7.5% pa. Get loan up to 20,00,000 for 3 years. Know more about fees and charges, apply now.
8. SBI vs PNB vs Canara Bank vs other banks: How much a gold loan ... - Mint
May 24, 2022 · SBI gold loan interest rate: As per the SBI website — sbi.co.in, gold loan interest rate at SBI is 7.30 per cent per annum.
SBI gold loan interest rate: As per the SBI website — sbi.co.in, gold loan interest rate at SBI is 7.30 per cent per annum
9. Gold loan: 10 banks offering best gold loan interest rates
Mar 9, 2023 · Gold loan interest rates ; Rs.250 to 5000 max · SBI · 8.55% · 0.50% + GST.
Due to the minimal documentation requirements, affordable gold loan interest rates, and customizable tenures, getting a loan against your gold is a quick and easy process.
FAQs
Sbi Gold Loan Interest Rate? ›
State Bank of India (SBI) Gold loan Interest Rate is as low as 7.50%. The lowest EMI per Rs. 1 lakh is Rs. 3,111.
What is the interest of 1 lakh in SBI gold loan? ›State Bank of India (SBI) Gold loan Interest Rate is as low as 7.50%. The lowest EMI per Rs. 1 lakh is Rs. 3,111.
How much is SBI gold loan per gram? ›| SBI Gold Loan Interest Rate | 7.25% per annum – Updated Sep 21 2023 |
|---|---|
| SBI Gold Loan Per Gram Rate | SBI Gold Loan Rate Per Gram Today is ₹ 3,800 to ₹ 4,350 |
| SBI Gold Loan Age of Borrower | 18 – 75 years |
| SBI Gold Loan Maximum Loan Amount | Up to 1 crore |
| Loan Amount Bracket | Interest Rate |
|---|---|
| Up to Rs. 3 Lakh | 7.05% p.a. |
| Between Rs. 3 Lakh & up to Rs. 5 Lakh | 7.70% p.a. |
| Over Rs. 5 lakh | 8.15% p.a. |
| Bank / NBFC | Gold Loan Interest Rate | Processing Fee |
|---|---|---|
| HDFC Bank | 7.20% to 11.35% | 1% of disbursal amount |
| Kotak Mahindra Bank | 8.00% to 17.00% | Upto 2% + GST |
| Union Bank | 8.40% to 9.65% | |
| Central Bank of India | 8.45% to 8.55% | 0.50% of loan amount |
Interest Rate
Gold loan rates in India start from a low of around 7.35% and go upwards to 20% per annum or more. So, the EMI for Rs 5 lakh gold loan priced at 7.35% per annum stands at around Rs 10,300 per month for five years. This means the total interest payout would be about Rs 1.2 lakh over the five-year period.
Many banks offer gold loans with low interest rates. Before disbursing the loan, the lender validates the gold's weight and purity. Here is a comparison of banks offering the cheapest interest rates on gold loan. Lenders charge lower interest rates on gold loans because they are more secure than unsecured loans.
Which bank has lowest gold loan interest rate? ›| Bank / NBFC | Gold Loan Interest Rate | Processing Fee |
|---|---|---|
| HDFC Bank | 7.20% to 16.50% | 1% of disbursal amount |
| Kotak Mahindra Bank | 8.00% to 17.00% | Upto 2% + GST |
| South Indian Bank | 8.25% to 19.00% | |
| Central Bank of India | 8.45% to 8.55% | 0.50% of loan amount |
| Bank / NBFC | Rate Per Gram | Interest Rate |
|---|---|---|
| Axis Bank Gold Loan | ₹ 3,800 to ₹ 4,350 | 10.00% |
| SBI Gold Loan | ₹ 3,800 to ₹ 4,350 | 9.75% |
| Indian Bank Gold Loan | ₹ 3,800 to ₹ 4,350 | 7.50% |
| Bank of Baroda Gold Loan | ₹ 3,800 to ₹ 4,350 | 10.25% |
What are the rules for gold loan? ›
You can qualify for a gold loan easily, as long as you are within the eligible range, and you have 18-22 karat gold jewellery. You do not need to have a high CIBIL Score to apply for this loan, as you are providing your gold jewellery as collateral. You can only submit gold jewellery as security against this loan.
How is gold loan calculated? ›The gold loan per gram rate changes daily as per market value of one gram gold. This is referred to as LTV or loan-to-value ratio. For example, if the LTV is 70% and the value of the pledged gold is worth Rs. 1 lakh, a borrower will get a loan of Rs. 70,000. Bajaj Finserv offers LTV ratio of 75% on gold loans.
Can I pay gold loan with credit card? ›You can choose to repay both the principal and gold loan interest component in any of the above-mentioned methods with the help of a credit card. However, you must plan your repayment carefully and pay credit card bills on time to avoid a debt trap.
Which loan is best for gold loan? ›| Gold Loan Providers | Interest Rate | Tenure |
|---|---|---|
| Union Bank | 7.00% to 12.50% | Up to 12 Months |
| SBI | 7.50% | 3 Months to 36 Months |
| Kotak Mahindra Bank | 10.50% | 12 Months to 48 Months |
| ICICI Bank | 10% | 3 Months to 12 Months |
However, the interest rate on a personal loan is higher than on gold loans. This is one of the main reasons why the gold loan is better than personal loans or credit cards. Gold loan interest rate starts from as low as 7.00%, whereas personal interest rate starts from upwards of 10.00%.
What is the maximum loan on gold? ›| Gold Loan Lender | Maximum Loan Amount |
|---|---|
| State Bank of India (SBI) | INR 20 lakh |
| Muthoot Finance | Above INR 8 lakh |
| Manappuram Finance | INR 1.5 crore |
| Bank of India | INR 25 lakh |
| Details | SBI Gold Loan | SBI Bullet Repayment Gold Loan |
|---|---|---|
| Interest Rate | 7.50% | 7.50% |
| Processing Fee | 0.50% of the Loan Amount + Applicable GST or ₹500 plus GST whichever is higher | 0.50% of the Loan Amount + Applicable GST or ₹500 plus GST whichever is higher |
How is the gold loan interest calculated? You can determine the gold loan interest by subtracting the principal loan amount from the total outstanding. You can also use a gold loan interest rate calculator to know about the same and learn how the interest rate alters EMIs and the total outstanding amount.
How much gold for 1 lakh? ›| Today's Official Gold Rate for 1 Pavan (8 Grams) | Rs. 43,600 |
|---|---|
| Approximate Jewellery Shop Price of 1 Pavan Gold | Rs. 49,398.8 |
| Approximate Gold for 1 Lakh (Rs.100,000) | 2.02 Pavan (2 Pavan and 0.19 grams) |
Once the interest rate is set at the time of loan disbursal, it does not change regardless of any external factors or market fluctuations. This means that your monthly instalments remain the same throughout the repayment period, providing stability and predictability.