The SBI gold loan interest rate is one of the most competitive in India. If you need urgent funds and own gold ornaments, State Bank of India’s gold loan can be a practical choice. It offers quick disbursal, flexible repayment, and a high loan amount based on gold weight. Whether you’re exploring options for ₹1 lakh or checking the SBI gold loan per gram value, this article simplifies all aspects for you.
🏦 What is a Gold Loan?
A gold loan is a secured loan where you pledge your gold jewellery with a bank. In return, the bank provides funds based on the purity and weight of the gold. Once you repay the loan with interest, you get your gold back.
Among several banks, gold loan SBI is a preferred choice due to:
- Trusted brand of SBI
- Transparent process
- Competitive SBI bank gold loan interest rate
📊 SBI Gold Loan Interest Rate – 2025
The State Bank of India gold loan interest rate currently ranges between 8.75% to 9.25% per annum, depending on the loan type and tenure.
🔍 Rate Details:
| Loan Type | Interest Rate (p.a.) | Tenure | Min Loan Amt | Max Loan Amt |
|---|---|---|---|---|
| Regular SBI Gold Loan | 8.75% – 9.25% | Up to 36M | ₹20,000 | ₹50 Lakhs |
| Agriculture Gold Loan | 7.50% – 8.00% | Seasonal | ₹10,000 | As per need |
| Bullet Repayment Scheme | 9.00% – 9.25% | 12 Months | ₹25,000 | ₹20 Lakhs |
These rates are applicable on State Bank of India jewel loan interest rate schemes too. They are subject to change as per RBI guidelines.
📈 SBI Gold Loan Per Gram Rate – 2025
The SBI gold loan per gram value depends on the purity (22 karat is most common) and current gold prices in 2025, here’s a comparison:
| Bank Name | Gold Loan per Gram (22K) | Max LTV (Loan-to-Value) | Interest Rate |
|---|---|---|---|
| SBI | ₹4,850 – ₹5,150 | Up to 75% | 8.75% – 9.25% |
| HDFC Bank | ₹4,800 – ₹5,100 | Up to 75% | 9.50% – 10.50% |
| ICICI Bank | ₹4,820 – ₹5,120 | Up to 75% | 10.00% – 11.00% |
| Bank of Baroda | ₹4,850 – ₹5,100 | Up to 75% | 9.00% – 10.00% |
Note: These are approximate values. Actual rates may vary depending on gold purity and market fluctuations.
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💸 SBI Gold Loan Interest Rate for ₹1 Lakh
If you are planning to borrow ₹1 lakh against your gold, you might wonder about the cost.
Example Estimate:
| Loan Amount | Interest Rate | Tenure | Total Interest (Approx) | Total Repayment |
|---|---|---|---|---|
| ₹1,00,000 | 8.75% | 12 months | ₹8,750 | ₹1,08,750 |
| ₹1,00,000 | 9.25% | 12 months | ₹9,250 | ₹1,09,250 |
This gives you an idea of the SBI gold loan interest rate for 1 lakh, along with the total repayment expectations.
✅ Why Choose SBI for a Gold Loan?
Here are a few strong reasons why the State Bank of India gold loan interest rate appeals to customers:
- Low Interest: One of the lowest in the market for secured loans
- Flexible Repayment: Monthly EMI, bullet repayment, or overdraft options
- Trusted Bank: Government-backed bank with strong rural and urban presence
- Transparency: No hidden charges or processing complications
📄 Documents Needed for SBI Gold Loan
Applying for a state bank of india gold loan per gram value estimate or loan approval is simple. You need:
- 2 passport-size photographs
- PAN Card or Aadhaar Card
- Any address proof (Voter ID, utility bill, etc.)
- Gold jewellery (purity between 18K–22K, usually)
⏱️ How Fast is the Process?
Most SBI gold loan applications are approved within 30–60 minutes, and the amount is disbursed the same day. You can apply online or walk into your nearest branch.
📝 Conclusion
The SBI gold loan interest rate makes it one of the best gold-backed loan options in India for 2025. Whether you want a short-term loan or looking for a low-interest way to meet urgent needs, State Bank of India gold loan interest rate plans offer flexibility, quick processing, and savings on interest.
Always check your eligibility, gold purity, and updated per gram rates before applying. You can compare State Bank of India gold loan per gram with other banks to find the best value. For most people, especially in rural areas, an SBI gold loan is both accessible and reliable.