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SBI Gold Loan Eligibility Calculator

SBI Gold Loan Per Gram

Last Updated 20th Jan 2022
Eligibility Criteria SBI Gold Loan Eligibility
SBI Gold Loan per gram ₹ 2,551 to ₹ 3,118 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, the value and the gold’s purity.
  • SBI offers a maximum LTV of up to 75% of gold’s market value.
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SBI Gold Loan 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 a loan to value ratio. SBI gold loan per gram eligibility depends upon the purity of the gold, your age and gold quantity.

As per the latest gold prices, SBI offers a gold loan per gram of ₹ 2,551 to ₹ 3,118. Highest SBI gold loan rate per gram today is ₹ 3,118 for 22 carat jewellery calculated at a maximum LTV of 75% and the average gold loan prices of last 30 days in 2022 is ₹ 4,619 of 22 carat.

Gold Loan Calculator SBI

You can calculate the eligibility for gold loan using an online SBI Gold Loan Calculator. The calculator determines SBI Gold Loan Per Gram Eligibility based on factors mentioned below:

  • Purity and net weight of gold used in jewellery: SBI uses their in-house valuer to assess the purity and net weight of gold of your jewellery. Gold used in the jewellery should be of 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 the 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 an 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.

How to Check SBI Gold Loan Eligibility?

To check SBI gold loan, eligibility you can fill the gold loan eligibility calculator form with all details at MyLoanCare. You can also check SBI gold loan eligibility on SBI's website by following the steps as mentioned below:

  • Go to the SBI website.
  • Now go to SBI gold loan.
  • Use gold loan eligibility calculator SBI to check the loan you can get based on your gold.
  • Fill in the required details like loan amount required, the 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 the 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₹ 46,192₹ 3,118₹ 2,702
20 carat₹ 41,993₹ 3,118₹ 2,457
18 carat₹ 37,794₹ 2,551₹ 2,211

The above table shows how SBI 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 ₹ 2,702 to ₹ 3,118
  • SBI Bank gold loan per gram 2022 offer for 20 carat jewellery will be between ₹ 2,457 to ₹ 3,118
  • Gold loan per gram rate of SBI Bank for 18 carat jewellery will be between ₹ 2,211 to ₹ 2,551

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 the highest gold loan per gram for hallmark jewelry. Also, some banks charge 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 that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the 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 a 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.

How can I get a gold loan from SBI?

You can get a gold loan from SBI either online or offline, depending upon your convenience. 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 the 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 .

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. You should also have gold jewellery which has purity above 18 carat. SBI gold loans are easy to avail of as you can avail of 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 of 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 of 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 loans to the applicants for a maximum tenure of 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 security?

Gold ornaments with carats in the range of 18 to 24 and weight of more than 50 grams are accepted by SBI. However, SBI does not allow you 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. Value of your gold, purity marks and age are key requirements to avail of a gold loan from SBI. Thus, you can get a gold loan easily without a co-applicant, when you own the gold.

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SBI Gold Loan News - Jan 2022
  • 2021-12-16 : SBI Revises Gold Loan Rate of Interest
    State Bank of India has revised the interest rate on gold loans. As a result, you can avail of gold loans starting at 7%.
  • 2021-11-16 : SBI Revise Gold Loan Interest Rate
    State Bank of India (SBI) has increased the interest rate for gold loans. Currently, the lender is offering a gold loan at 7.50%. This gold loan comes with flexible repayment options like bullet repayment, overdraft facility, and EMI facility.
  • 2021-09-24 : SBI Reduces Gold Loan Rates
    State Bank of India has reduced the gold loan interest. As a result, the lowest rate on gold loans now starts at 7%.
  • 2021-08-17 : SBI introduces special offers on a car loan and gold loan
    SBI has introduced a full waiver on the processing fees of car loans and gold loans. This offer is launched as a part of ‘Azadi Mahotsav’. A borrower can avail of the facility of up to 90 percent on-road financing for car loans. Also, a special interest concession of 25 bps for customers applying for a car loan through the YONO app.
  • 2021-08-16 : Special Gold Loan Rates for SBI Customers
    SBI has announced a reduction in 75 basis points in the interest rates at 7.50%. In addition, the bank will not charge any processing fees for customers applying for gold loans via the YONO app.
*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
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