2,80,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 500* on Gold Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

SBI Gold Loan Eligibility Calculator

SBI Gold Loan Per Gram

Last Updated 07th Jul 2021
Eligibility Criteria SBI Gold Loan Eligibility
Gold Loan per gram ₹ 2,547 to ₹ 3,113 depending on the purity of gold
Age of Borrower 18 - 65 years
Maximum Loan Amount ₹ 50 Lakh
  • SBI calculates the amount of gold loan you are eligible for based on the amount of gold you have, value and purity of the gold.
  • SBI offers a maximum LTV of up to 75% of gold’s market value.
Apply for Gold Loan @ 9.50%* Get upto ₹ 500* Cashback

SBI Gold Loan Per Gram Eligibility

SBI gold loan per gram gives you an estimate of the loan amount you can get against your gold jewellery. You will get the loan based on the purity and gold price of your jewellery adjusted for loan to value ratio. SBI gold loan per gram eligibility depends upon purity of the gold, your age and gold quantity.

As per the latest gold prices, SBI offers a gold loan per gram of ₹ 2,547 to ₹ 3,113. Highest SBI gold loan rate per gram today is ₹ 3,113 for 22 carat jewellery calculated at a maximum LTV of 75% and the average gold loan prices of last 30 days in 2021 is ₹ 4,612 of 22 carat.

Gold Loan Calculator SBI

  • Purity and net weight of gold used in jewellery: SBI uses their in-house valuer to assess the purity and net weight of gold in your jewellery. Gold used in the jewellery should be of a purity of 18 to 24 carats. SBI can also reduce the weight of gems and stones from the jewellery to calculate the net weight of jewellery.
  • Price of gold: Once the valuer estimates the purity and net weight of gold in your jewellery, SBI will multiply it with past 30 days average price of 22 carat gold to calculate the value of gold. So, if the gold is of 20 carat purity, SBI will apply the 30 days average of 22 carat gold multiplied by a factor of 20/22 to adjust the value of gold.You can also check today's gold rate in your city at MyLoanCare.
  • Loan to Value Ratio: Once the value of jewellery is calculated, SBI will apply a LTV of up to 75% to calculate your jewel loan amount eligibility. If you are willing to take a loan amount lower than your maximum LTV, SBI may offer you a lower interest rate.

SBI Gold Loan Eligibility

  • Anyone who is above 18 years and below 70 years.
  • An applicant should be an Indian resident.
  • Must have gold jewellery of 18 carat to 22 carat.

How to check SBI gold loan eligibility?

To check SBI gold loan eligibility you can fill the gold loan eligibility calcualtor form with all details at MyLoanCare. Apart, To check SBI gold loan eligibility on SBI website perform the following steps:-

  • Go to the SBI website.
  • Now go to SBI gold loan.
  • Use gold loan eligibility calculator to check eligibility.
  • Fill the required details like loan amount required, weight of gold, age etc.

Also you can contact the bank by calling on their customer care number.

SBI Gold Loan Rate Per Gram by Gold Purity

SBI gold loan eligibility is dependent on the purity of gold jewellery that you have. The following table gives an approximate estimate of gold loan per gram SBI will offer against gold jewellery of different purity levels at a maximum LTV of 75% and lower LTV of 65%.

Gold Purity Gold rate per gram- average of past 30 days SBI best Gold Loan per gram SBI lowest Gold Loan per gram
22 carat₹ 46,120₹ 3,113₹ 2,698
20 carat₹ 41,927₹ 3,113₹ 2,453
18 carat₹ 37,734₹ 2,547₹ 2,207

The above table shows the method by which SBI Bank will calculate your per gram gold loan for gold of varying purity.

  • Gold loan per gram in SBI Bank offer for 22 carat jewellery will be between ₹ 2,698 to ₹ 3,113
  • SBI Bank gold loan per gram offer for 20 carat jewellery will be between ₹ 2,453 to ₹ 3,113
  • Gold loan per gram rate of SBI Bank for 18 carat jewellery will be between ₹ 2,207 to ₹ 2,547

Tips to Get Best Gold Loan Amount Per Gram from SBI

  • SBI accepts both hallmarked and non-hallmarked jewellery for getting a gold loan. However, you can get highest gold loan per gram for hallmark jewelry. Also, some banks charge a lower processing fees on hallmarked gold jewellery.
  • SBI adjusts the price of 22 carat gold for purity of gold. Hence, always try to borrow against higher purity jewellery as it will fetch you the highest amount for gold loan.
  • Always, try to choose jewellery which has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from total weight of jewellery. SBI will rely on the report of his gold valuer to calculate the net weight.
  • SBI will not accept diamond jewellery if the gold used is of less than 18 carat purity. Most of the diamond jewellery is made in 16 carat to 18 carat gold and hence, will result in very low gold loan per gram.
  • Always try to get the maximum LTV on the value of gold. SBI is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.

SBI Gold Loan Schemes Eligibility

    SBI Personal Gold Loan
    • You can SBI personal gold loan if you have a minimum age of 18 years.
    • If you have a steady source of income, you can avail SBI gold loan singly or jointly.

How can I get a gold loan from SBI?

You can get a gold loan from SBI either online or offline, depending upon your convienence. For the online process, you can visit the official website of SBI and apply for a gold loan. In addition to that, you can give a missed call to SBI at their customer care number 180-011-2211/ 1800-425-3800. For the offline process, you can visit the nearest SBI branch and fill up the SBI gold loan application form, You can also apply for a SBI gold loan at online marketplaces like MyLoanCare, where you can compare SBI gold loan offer with other top lenders and choose the best option for you.


What is the age limit required for gold loan from SBI?

The minimum age should be 18 years and maximum age should be up to 65 years.Based on your age, SBI decides upon your gold loan tenure that can range up to 36 months years.

What is the eligibility for SBI gold loan?

To avail a SBI gold loan you must be a citizen of India between 18 years to 65 years of age. He/should also have a gold jewellery which has purity above 18 carat. SBI gold loans are easy to avail as you can avail these loans, even without a good cibil score.

What is the maximum loan amount that I can avail on gold loan from SBI?

The maximum loan that you can avail from SBI is 75% of the market value of the gold depending on the quality of the gold.However, ensure that the gold fits the purity mark of minimum 18 carats of gold and is hallmarked. Before availing a gold loan from SBI ensure checking the current gold rate per gram, to get a good sum on your gold.

What is the loan tenure of SBI gold loan?

SBI gives gold loan to the applicants for a maximum tenure of 3 months to 36 months. So, the borrower should be sure about the repayment capacity of the loan. To plan your gold loan prepayments within this tenure, you can use SBI gold loan emi calculator.

What kind of gold items are accepted and rejected as a security?

Gold ornaments with carats in the range of 18 to 24 and weight of more than 50 grams are accepted by SBI. SBI does not allow customer to borrow against gold bars, exchange traded funds and ladies mangal sutra.

Do I need a co-applicant to get a gold loan from SBI ?

No, you do not need a co-applicant to get a gold loan from SBI . To get a gold loan you only need to have gold jewellery and a stable source of income. Value of your gold, purity marks and your age, are key requirements to avail a gold loan from SBI . Thus, you can get a gold loan easily without a co-applicant, when you own the gold.

How much processing fee is applicable in SBI gold loan?

SBI charges a processing fee of 0.50% of the loan amount, minimum-₹ 500 on gold loan.Processing fee on SBI gold loan can vary from customer to customer depending upon the gold loan eligibility. In addition to that, you can also negotiate the SBI gold loan processing fee, if you are an existing customer of SBI.

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.80%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 7.30% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 8.80%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
SBI Gold Loan News - Jul 2021
  • 2021-05-21 : SBI net profit rises 81% YoY
    State Bank of India’s quarterly net profit rose 81% year-on-year to Rs 6,451 crore for the three months ended March. The bank’s total domestic advances rose 5.67% year-on-year to Rs 21.82 lakh crore. Retail advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan stood at Rs 8.7 lakh crore. Further, total domestic deposits for SBI which include FD and RD rose 14.26% from a year ago to Rs 35.7 lakh crore. The current account and savings account deposits rose 16.73% year-on-year to Rs 16.47 lakh crore.
  • 2021-04-27 : SBI introduced video KYC on mobile banking app YONO
    With an aim to improve the customer experience and improve the loan and investment portfolio, SBI introduced KYC on its Mobile banking app YONO. The digital initiative, powered by AI and Facial Recognition Technology, is a contactless and paperless process.
  • 2021-03-21 : SBI recorded digital transactions as high as 67%
    State Bank of India has recorded a considerable increase in its digital transactions. The bank reported 67% digital transaction in the post Covid period from earlier 60% in the pre Covid times. The increase is attributed to hike in e-commerce due to covid induced lockdown which restricted the movement.
  • 2021-02-25 : SBI offered customers to apply for the gold loan via call or SMS
    Customers can now apply for the gold loan from SBI by giving a missed call on 7208933143 or SMS GOLD at 7208933145, and the bank will then respond with a callback. A minimum loan amount of Rs 20,000 up to a maximum of Rs 50 lakh is sanctioned by the bank.
  • 2020-12-10 : SBI recasts only 4,000 retail loans
    SBI has recast loans of just around 4,000 retail customers so far under the limited window of the RBI, indicating that barring micro, small and medium businesses, not many are availing of easier repayment norms. The bank clarified that 100,000 retail borrowers logged on to its website to check their eligibility, but not many were found to have met the stringent conditions set by RBI.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Please wait while your information is being processed...