Apply on line for SBI private Gold Loan in Asia – Personal Banking

Apply on line for SBI private Gold Loan in Asia – Personal Banking

Personal Gold Loans

SBI Private Gold Loan
  • Features
  • Eligibility
  • Payment
  • Papers Required
  • Interest rate

SBI Gold Loan could be availed by pledge of silver ornaments including coins offered by Banking institutions with minimal paper work and low-value interest.


  • Optimum Loan Amount: Rs 20.00 lacs
  • Minimal Loan Amount: Rs 20,000 /-
  • Margin
  • Safety: Pledge of silver ornaments duly confirmed for quality & volume.
  • Processing charges: 0.50per cent associated with the Loan amount + applicable GST minimum Rs500/- + applicable GST
  • Interest:
    • For almost any Loan amount: 0.50% over the MCLR-1yr
  • Others: silver appraiser costs will likely to be compensated by the Applicant.


  • Age: 18 years and above
  • Occupation: Any specific (singly or jointly) with Steady source of income including: Bank’s Employees, Pensioners. (No proof earnings needed)


  • Repayment Mode
    • Gold Loan: The payment of Principal and Interest would be commenced through the following the month of disbursement month.
    • Fluid Gold Loan: Overdraft Account with deal center and interest that is monthly become offered.
    • Bullet Repayment Gold Loan: On or prior to the term of this loan/ on closing of account.
  • Repayment Period
    • Maximum: Gold Loan: 36 months fluid Gold Loan: 36 months Bullet Repayment Gold Loan: one year

Papers Required

To Utilize Loan

  • Application for Gold Loan with two copies of photographs.
  • Proof Identity with proof of Address
  • Witness Letter in the event of illiterate borrowers.

Period of Disbursement

  • DP note and DP Note Take Delivery Letter.
  • Silver Ornaments Take Delivery Page.
  • Arrangement Letter.

INTEREST RATE (w.e.f. 15.05.2020 to 15.07.2020)

Scheme 1 12 months MCLR Spread over one year MCLR Good Interest Rate
Gold Loan(all variants) 7.00% 0.50% 7.50%
Realty Gold Loan- the Gold Loan Product solely for SBI Housing Loan Customers (all variations) 7.00% 0.00percent 7.00%
Interest Levels

6.95% p.a.

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