Gold holds a special place in Indian homes. It is not just a symbol of wealth. It also works as a reliable financial backup. Over the years, people have started using their gold to meet urgent money needs. For this reason, gold loans have become very popular. They are easy to get and need very little paperwork. Among all the banks offering gold loans, one name stands out SBI Gold Loan.
SBI is the largest and most trusted bank in the country. It offers a simple and safe Gold Loan scheme. You can pledge your gold and get funds quickly.
Moreover, the bank offers low interest rates and flexible repayment options. The process is fast, and the loan is usually disbursed within an hour. Therefore, it is a great choice during emergencies.
In this article, you will find complete details about SBI Gold Loan in 2025. We will cover interest rates, features, eligibility, documents, benefits, and the application process. So, let’s begin.
What is SBI Gold Loan?
SBI Gold Loan is a secured loan. You pledge your gold jewellery or SBI gold coins, and the bank gives you money in return. Since gold acts as security, there is no need for income proof or a credit score.
This loan is perfect for emergencies like medical bills, business needs, or education costs. It is fast, safe, and affordable.
SBI Gold Loan Interest Rates (June 2025)
Here are the latest SBI Gold Loan interest rates as of 15 June 2025:
| Loan Type | Interest Rate (p.a.) |
|---|---|
| EMI-Based Gold Loan | 10.25% |
| Bullet Repayment – 3 Months | 9.00% |
| Bullet Repayment – 6 Months | 9.20% |
| Bullet Repayment – 12 Months | 9.30% |
| Realty Gold Loan (for Home Loans) | 9.50% |
These rates are lower than most unsecured loans, making SBI Gold Loan a great option.
Why Choose SBI Gold Loan in 2025?
- Low Interest Rates
- Quick Approval and Disbursal – within an hour
- No income proof needed
- Flexible repayment options
- Trusted name with high safety standards
Key Features of SBI Gold Loan
1. Loan Amount
- Minimum: ₹20,000
- Maximum: ₹50 lakh (depends on gold value)
2. Loan Tenure
- EMI Option: Up to 36 months
- Bullet Repayment: 3, 6, or 12 months
3. Accepted Gold Types
- Jewellery (18–22 carats)
- SBI-minted coins (up to 50 grams)
Note: Gold bars and foreign coins are not accepted.
4. Repayment Options
- EMI – Pay monthly
- Bullet Repayment – Pay full amount at end
- Overdraft (Liquid Gold Loan) – Pay interest only on what you use
5. Processing Charges
| Loan Type | Fee |
|---|---|
| EMI Loans | 0.50% (Min ₹500) |
| 3-Month Bullet Loan | ₹200 flat |
| 6-Month Bullet Loan | ₹300 flat |
| 12-Month Bullet | 0.50% (Min ₹500, Max ₹10,000) |
Apply through the YONO app to get discounts on charges.
Eligibility Criteria
| Requirement | Details |
|---|---|
| Age | 18 to 70 years |
| Nationality | Indian |
| Job or Profession | Any – salaried, self-employed, etc. |
| Income Proof | Not required |
| Credit Score | Not required |
Documents Required
- Identity Proof: PAN, Aadhaar, Voter ID, Passport, or Driving License
- Address Proof: Utility bill, Aadhaar, Passport, etc.
- Photographs: Two passport-size photos
- Application Form: Duly filled
The documentation is simple and quick to complete.
How to Apply for SBI Gold Loan
You can apply online or offline:
A. Online via YONO App
- Download and open the YONO SBI app
- Log in and go to the “Loans” section
- Select “Gold Loan”
- Fill in the details and choose your branch
- Visit the branch with your gold and documents
This is quick and may also offer lower charges.
B. Offline at Branch
- Visit any SBI branch with your gold and documents
- Fill the form at the branch
- Bank staff will evaluate the gold
- Loan is approved and disbursed in 30–60 minutes
Repayment Options
1. EMI-Based
- Pay fixed monthly instalments
- Best for salaried individuals
2. Bullet Repayment
- Pay total amount (principal + interest) at once
- Ideal for lump sum income later
3. Overdraft / Liquid Gold Loan
- Use funds as needed
- Pay interest only on what is used
- Best for businesses
Benefits of SBI Gold Loan
| Feature | Details |
|---|---|
| Fast Disbursal | Money in hand within an hour |
| Low Interest Rates | Starts at 9.00% per annum |
| No Income Proof Needed | Suitable for all individuals |
| No Prepayment Charges | Repay early without extra cost |
| High Security | Gold stored safely in insured bank vaults |
| Digital Application | Use YONO for quick application |
| Flexible Tenures | Choose from 3 months to 3 years |
Comparison with Other Banks (June 2025)
| Bank | Interest Rate (p.a.) |
|---|---|
| SBI | 9.00% – 10.25% |
| HDFC Bank | 7.20% – 16.50% |
| Axis Bank | 8.90% – 17.00% |
| ICICI Bank | 10.00% – 16.50% |
| Muthoot Finance | 12.00% – 24.00% |
| Manappuram | 12.00% – 26.00% |
Though SBI doesn’t have the lowest rate, it offers better security, transparency, and large loan limits.
Frequently Asked Questions (FAQs)
SBI Gold Loan interest rates start at 9.00% p.a. for bullet repayment loans and go up to 10.25% p.a. for EMI-based loans.
Any Indian citizen aged 18 to 70 years, with gold ornaments to pledge, is eligible. No income proof or credit score is required.
You can get a minimum of ₹20,000 and up to ₹50 lakh, depending on the value and purity of the pledged gold.
Borrowers can repay via EMI, bullet repayment (lump sum at end), or liquid gold loan (overdraft-style).
SBI usually disburses the gold loan within 30–60 minutes after document verification and gold valuation.
Yes, you can apply online through the YONO SBI app. However, gold appraisal and disbursal are done at the branch.
Yes, the pledged gold is stored securely in insured vaults at SBI branches, ensuring complete safety and peace of mind.
Conclusion
In conclusion, the SBI Gold Loan 2025 is an efficient, secure, and fast way to get financial help by leveraging your idle gold. With low-interest rates, flexible repayment options, minimal documentation, and fast disbursal, SBI ensures that borrowing is as hassle-free as possible.
Whether you are a salaried individual, a retiree, or a small business owner, SBI’s gold loan offering has something valuable for everyone. Therefore, if you’re looking for a short-term financing solution with trust and transparency, SBI Gold Loan should be your first choice.
