SBI Gold Loan Interest Rate Today, 10 October 2026: Slabs, Per-Gram Cost & Schemes

SBI gold loan interest rate 8.75% – 9.6% p.a. Indicative band · scheme and LTV decide your slab · reviewed September 2026
Monthly interest per ₹1 lakh ₹729 – ₹800 At the floor and ceiling of the band
Cost to pledge 10g of 22K today ₹749 – ₹821 On ₹1,02,660 advance · gold price updated 2026-10-09

Indicative figures for comparison only. BankCreds is not a lender — the bank or NBFC’s current schedule and your Key Fact Statement are the binding numbers.

How much will an SBI gold loan cost?

SBI lends against gold from 8.75% to 9.6% depending on scheme and drawdown, over tenures of up to 36 months (scheme-wise). Set your own numbers below — the structure toggle matters as much as the rate, because on the same principal an EMI and a bullet produce very different total interest.

A Vidarbha cotton farmer pledging household gold in June against input costs — fertilizer, seed, labour — clearing the bullet loan in one stroke after the November mandi settlement.

SBI gold loan EMI calculator

Repayment structure
Monthly EMI
₹17,513
Total interest
₹10,162
Total repayment
₹2,10,162

Indicative simple-interest arithmetic on the figures you set. Your sanctioned rate depends on scheme, LTV band and tenure, and the Key Fact Statement issued before you accept is the binding version.

Worked examples at SBI's mid-board 9.25%

Loan amount 12 months 24 months 36 months
₹50,000 ₹4,378/mo₹2,290/mo₹1,596/mo
₹1,00,000 ₹8,757/mo₹4,580/mo₹3,192/mo
₹2,00,000 ₹17,513/mo₹9,160/mo₹6,383/mo
₹5,00,000 ₹43,784/mo₹22,900/mo₹15,958/mo

EMI figures at 9.25% — SBI's mid-board slab. On a bullet structure the monthly outgo is interest only (₹771 a month on ₹1,00,000), with the principal due in full at closure.

Read the columns across rather than down. Stretching ₹2,00,000 from 12 to 36 months cuts the monthly outgo from ₹17,513 to ₹6,383, but you carry the pledge three times as long and pay roughly ₹19,632 more in total interest. The honest read on tenure at SBI: pick the shortest window your cash flow can actually clear. Rolling a pledge forward means fresh appraisal and stamp costs each time, which is where a cheap headline rate quietly stops being cheap.

How much gold loan can I get from SBI?

Work out what you can raise before you decide whether to borrow. At SBI the advance follows the pledge, and RBI's tiered cap means the percentage changes with the size of the loan itself. The result applies RBI's tiered loan-to-value ceiling, so the percentage you are advanced changes with the size of the loan itself — not with which lender you choose.

SBI gold loan amount calculator

Appraised value
₹2,73,756
LTV tier applied
85%
Eligible loan (max)
₹2,32,692

Indicative, on the 2026-10-09 reference of ₹14,943/g (24k). RBI LTV tiers: 85% ≤₹2.5L, 80% ≤₹5L, 75% above. Lender schemes may advance less; stones/wastage count zero.

Two SBI-specific limits sit around that figure: it lends from ₹20,000 to ₹50 lakh, so a pledge below the floor is declined as uneconomic to process and one above the ceiling has to be split or taken elsewhere.

Expect the branch figure to land under any table: net metal weight after stones, appraised purity rather than the bill you were given, and an internal reference price that most lenders average over recent days rather than reading off the spot rate.

Where SBI helps: pSU-grade fee transparency: what the schedule says is what you pay. Where it does not: conservative valuation — ornaments with stones or lower purity get haircut hard.

Treat the figure as a ceiling rather than a quote: gross weight includes findings and stones that no lender pays for, and tested purity often lands below the bill of sale.

See SBI gold loan per gram →
Today's gold rate, city-wise →

SBI gold loan schemes

A SBI gold loan is really 3 products sharing a counter. The spread from 8.75% to 9.6% is the distance between them, and nobody will pick the cheapest one on your behalf.

SBI Personal Gold Loan

The standard EMI-style product: pledge, disburse, repay monthly. Suits salaried borrowers who want gold-loan pricing with personal-loan discipline.

SBI Realty/liquid variants (bullet)

Interest-serviced or bullet structures where principal settles at closure — matched to harvest, business-cycle and short-bridge borrowing where monthly EMIs don’t fit.

Agri gold loans

Priority-sector agricultural gold lending at concessional rates for documented farm purposes — the cheapest organized gold credit in India when you genuinely qualify.

Repayment structures offered

  • •Monthly EMI
  • •Bullet repayment (interest at closure, within tenure cap)
  • •Interest-serviced with principal at maturity

Charges beyond interest

  • •Valuation/appraiser fee (₹250–500 typical)
  • •Stamp duty per state
  • •Renewal/re-pledge fee at rollover
  • •Penal interest on overdue only

Processing: 0.25–0.5% (min ₹250; campaigns waive).

Where SBI genuinely beats the market rather than merely competing in it: agri gold loans. Concessional priority-sector pricing on documented farm use puts it below anything an NBFC or a private bank can offer, at the cost of paperwork a consumption borrower never has to file.

Is an SBI gold loan cheaper than a personal loan?

The rate answer is yes and it is not close. The risk answer is no and it is not close either. Which matters more depends on how confident you are about the repayment date.

SBI’s gold loan is for borrowers who will trade an afternoon for the best organized rate: pensioners topping up income, farm households on crop cycles, salaried families who dislike NBFC pricing on principle. If your need is same-hour cash or doorstep service, SBI isn’t built for it. If your need is the cheapest sanctioned rupee against the family gold — and you can sit in a queue with tea — the arithmetic rarely loses.

On ₹3 lakh, 24 months SBI gold loan Unsecured personal loan
Indicative rate 8.75%–9.6% 10.5%–24%
EMI at the typical rate ₹13,740 ₹14,689
Credit score needed None — the pledge is the underwriting Typically 700+ for a bank
Income proof Not required Salary slips, bank statements, ITR
Disbursal Same day, after branch valuation 1–7 days
What you risk Your jewellery, at auction after notice Your credit file and legal recovery
Tenure up to 36 months (scheme-wise) Up to 5–6 years

PSU gold pricing at SBI undercuts unsecured lending so consistently that the real decision is not which is cheaper but whether your repayment fits inside up to 36 months (scheme-wise).

On the numbers above, the gold route costs roughly ₹949 a month less on ₹3 lakh over two years — about ₹22,776 in total.

The pledge loses on two counts: duration and consequence. up to 36 months (scheme-wise) is a short window for a large borrowing, and the security is an asset with a value to your family well beyond its weight in grams.

Run both sides before deciding: personal loan guides and the personal loan EMI calculator give you the other half, and the gold loan hub compares SBI against every other counter on one table.

Why SBI quotes three different rates for one pledge

Think of SBI's 8.75%–9.6% spread as an LTV dial rather than a negotiation range: turn your drawdown lower and the rate follows, mechanically.

You draw (of value)Indicative rate*Monthly / ₹1 lakh
Up to ~55–60%8.75%₹729
~60–70%9.25%₹771
Max (75% cap)9.6%₹800

*Indicative framing of SBI's 8.75%–9.6% band; actual scheme boundaries vary. Verify at branch — the KFS binds.

Translate before you sign: at SBI's floor, every ₹1 lakh costs ₹729 a month; at its ceiling, ₹800. Across a ₹5 lakh pledge that's ₹355 of monthly difference for the same bangles.

Drawn@8.75%/mo@9.25%/mo@9.6%/mo
₹2 lakh ₹1,458 ₹1,542 ₹1,600
₹5 lakh ₹3,645 ₹3,855 ₹4,000
₹10 lakh ₹7,290 ₹7,710 ₹8,000

The ladder against neighbours

LenderFloorCeilingMonthly/₹1L at floor
SBI8.75%9.6%₹729
PNB 8.75% 9.25% ₹729
Indian Bank 8.8% 9.5% ₹733
Union Bank 8.65% 9.9% ₹721

Read floors against floors: a lender whose ceiling scares you may still hold the sharpest low-LTV slab. SBI's position above is one input; your appraisal and scheme pick decide the rest.

SBI full guide· SBI per-gram· Rate today· All lenders

SBI गोल्ड लोन — हिंदी में जानकारी

SBI सोने पर कर्ज लगभग 8.75% से 9.6% सालाना की दर पर देता है, और अवधि up to 36 months (scheme-wise) तक रहती है। ब्याज दर आपकी आय या सिबिल स्कोर से नहीं, बल्कि इस बात से तय होती है कि आप गहनों की कीमत का कितना हिस्सा उठा रहे हैं। नीचे वही सवाल हैं जो शाखा पहुँचने से पहले साफ होने चाहिए।

SBI गोल्ड लोन — अक्सर पूछे जाने वाले सवाल

SBI गोल्ड लोन की ब्याज दर कितनी है?
SBI की गोल्ड लोन दर 8.75% से शुरू होकर 9.6% तक जाती है। यह आपकी आय या नौकरी से नहीं, बल्कि गिरवी रखे सोने के मुकाबले ली गई रकम से तय होती है। इसलिए जरूरत से कम उठाना सीधे-सीधे सस्ती दर देता है — यही इस उत्पाद की सबसे कम इस्तेमाल होने वाली सौदेबाजी है।
SBI से एक ग्राम सोने पर कितना लोन मिलता है?
दो अलग आँकड़े हैं — गहने की कीमत और उस पर मिलने वाला कर्ज। आज 22 कैरेट की कीमत करीब ₹13,688 प्रति ग्राम है, और कर्ज उसका एक तय हिस्सा ही होता है: छोटे लोन पर 85% तक, ₹5 लाख तक 80%, और बड़े लोन पर 75%। SBI की सीमा ₹20,000 से ₹50 lakh है।
SBI गोल्ड लोन में EMI और बुलेट में क्या फर्क है?
EMI में हर महीने ब्याज के साथ मूलधन भी कटता है, इसलिए कुल ब्याज कम बैठता है। बुलेट में हर महीने सिर्फ ब्याज देना होता है और पूरा मूलधन आखिर में एक साथ चुकाना पड़ता है — मासिक बोझ हल्का, पर कुल ब्याज ज्यादा। बुलेट तब सही है जब पैसा किसी तय तारीख पर आना हो। अगर वह पैसा समय पर न आया और लोन बार-बार बढ़ाना पड़ा, तो हर बार नई जाँच और स्टांप खर्च लगता है।
खेती के लिए SBI का गोल्ड लोन सस्ता क्यों पड़ता है?
कारण नियमों में है: कृषि कर्ज प्राथमिकता-क्षेत्र में आता है, इसलिए SBI इस पर कम ब्याज ले सकता है। शर्त यह है कि पैसा खेती के काम में लगे और उसका प्रमाण हो — बीज, खाद, मजदूरी या उपकरण। पात्र किसानों के लिए इससे सस्ता संगठित विकल्प देश में कोई नहीं है।
अगर मैं SBI का गोल्ड लोन नहीं चुका पाया तो गहनों का क्या होगा?
प्रक्रिया तय है और उसमें समय मिलता है: सूचना, चुकाने का मौका, फिर सार्वजनिक नीलामी न्यूनतम कीमत के साथ। SBI मनमाने ढंग से गहने नहीं बेच सकता, और बिक्री से बकाया चुकाने के बाद जो बचे वह आपका है। असली खतरा नीलामी नहीं, बार-बार लोन आगे बढ़ाते रहना है।

SBI gold loan — FAQs

Why does SBI charge different gold-loan rates on different schemes?
Because LTV is priced: schemes advancing less against your gold (55–65% of value) carry more cushion for the lender, and that safety returns to you as a lower rate — while max-advance schemes (75%) price the thinner margin. At SBI the indicative spread runs 8.75% to 9.6%; picking the slab is picking your trade.
What does a SBI gold loan cost per month per ₹1 lakh?
Per lakh per month at SBI: ₹729 on the floor slab, ₹771 mid-board, ₹800 at the ceiling. A ₹3 lakh pledge therefore meters between ₹2,187 and ₹2,400 monthly — scheme choice is that gap.
Are SBI's advertised gold-loan rates guaranteed?
Treat 8.75%–9.6% as the honest map, not the contract: scheme, ticket size, tenure and payment-discipline conditions position you inside it. The binding number arrives on your Key Fact Statement before acceptance — read it against whatever the counter said aloud.
Can I move my gold loan from SBI to a cheaper lender later?
It's a normal move: settle SBI's outstanding, verify and collect your sealed packet, walk it to the cheaper counter. Plan the day so the gold is never uninsured in a drawer overnight, and let a multi-point rate gap — not a fraction — justify the fresh pledge costs.
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