SBI Gold Loan Calculator 2025
SBI gold loan rates start at 8.5% per annum. On Rs 2 lakh borrowed against gold for 12 months, the interest is Rs 17,000 (simple interest) or a monthly EMI of Rs 17,499. SBI requires a valid KYC and the gold to be 18-22 karat. Maximum loan tenure is 36 months for bullet repayment and 36 months for EMI.
Gold Value
₹3,30,000
Loan Amount
₹2,47,500
Monthly Interest
₹1,959
Total Interest
₹23,513
Gold price placeholder: ₹7,200/gram for 24K. RBI allows max 75% LTV for gold loans. Actual rates vary by lender and gold quality assessment.
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Common questions about SBI Gold Loan Calculator 2025
What is the processing fee on SBI gold loan?
SBI charges 0.5% of the loan amount plus GST as processing fee. On Rs 2 lakh, that is Rs 1,000 + 18% GST = Rs 1,180. SBI also charges for appraising the gold (typically Rs 250-500). Compare this to Muthoot Finance which charges 1-2% processing fee but offers same-day disbursement.
Can I pay only interest and repay principal at end for SBI gold loan?
Yes. SBI offers a bullet repayment option where you pay only interest monthly and the full principal at maturity. This keeps monthly outflow very low. On Rs 2 lakh at 8.5% for 12 months, interest-only payments are Rs 1,417/month and Rs 2 lakh due at the end. This works well if you expect a lump sum (bonus, property sale) at maturity.
How is SBI gold loan rate compared to personal loan?
SBI gold loan: 8.5-11% per annum. SBI personal loan: 10.9-16% per annum. Gold loans are significantly cheaper because they are secured. On Rs 2 lakh for 1 year, interest saving is Rs 4,800-10,000 vs a personal loan. The only cost is leaving your gold with the bank, which carries a small custody risk.