SBI gold loan calculator
SBI Personal Gold Loan rates follow the SBI MCLR (changed on 15 Oct 2026). SBI lends less than the RBI maximum: it keeps a margin of 26% to 35% of the gold value. The calculator shows the highest loan for your gold, the rate that applies and the full cost. Verification date: 27 Oct 2026.
Value for each gram: the Canara Bank value for each gram of 22 karat gold for LTV, 26 Oct 2026. Change it to the value that your lender uses on the day of your loan.
SBI gold loan interest rates
| Scheme | Rate | Basis | Loan up to (of gold value) |
|---|---|---|---|
| 6-month bullet gold loan | 9.2% | 6-month MCLR 8.75% + 0.45% | 70% |
| 12-month bullet gold loan | 9.3% | 1-year MCLR 8.85% + 0.45% | 65% |
| Personal Gold Loan (EMI, up to 36 months) | 10.25% | 1-year MCLR 8.85% + 1.40% | 72% |
| Liquid Gold Loan (overdraft, 36 months) | 10.25% | 1-year MCLR 8.85% + 1.40% | 74% |
Example. 20 grams of 22 karat gold at ₹12,970 a gram has a value of ₹2,59,400. With the 6-month bullet gold loan at 9.2%, the highest loan is approximately ₹1,81,580. The interest for 6 months is approximately ₹8,353.
Charges
- Processing fee: 0.25% up to ₹2 lakh (minimum ₹250). 0.15% above ₹2 lakh (minimum ₹500). Above ₹25 lakh: 0.15% (₹3,750 to ₹7,500). Until 31 Mar 2027 + GST
- Prepayment or foreclosure: Not given on the SBI gold loan page. Speak to the branch.
- Loan limits: ₹50,000 to ₹1 crore for each person. Gold coins that banks sell: up to 50 grams.
- The borrower pays the charges for the gold valuation.
SBI gold loan for each gram
Loan for each gram of gold, at ₹12,970 a gram for 22 karat (26 Oct 2026). The gold value changes each day. Use the calculator with the gold value on the day of your loan.
| Purity | Value a gram | 85% (≤ ₹2.5 lakh) | 80% (≤ ₹5 lakh) | 75% (above) | SBI (70% / 65% / 72% / 74%) |
|---|---|---|---|---|---|
| 24 karat | ₹14,149 | ₹12,027 | ₹11,319 | ₹10,612 | ₹9,904 / ₹9,197 / ₹10,187 / ₹10,470 |
| 22 karat | ₹12,970 | ₹11,024 | ₹10,376 | ₹9,728 | ₹9,079 / ₹8,430 / ₹9,338 / ₹9,598 |
| 18 karat | ₹10,612 | ₹9,020 | ₹8,489 | ₹7,959 | ₹7,428 / ₹6,898 / ₹7,641 / ₹7,853 |
The RBI limit
RBI sets the highest loan for a consumption gold loan. It is 85% of the gold value for a total loan of ₹2.5 lakh or less. It is 80% up to ₹5 lakh and 75% above ₹5 lakh (RBI (Commercial Banks – Credit Facilities) Directions, 2025, para 44). In a bullet loan, you repay all at the end. For this loan, the limit applies to the total that you repay, with interest, not only to the loan. A lender can give less than the RBI limit. The limits do not apply to a gold loan for a business.
SBI and other lenders
| Lender | Lowest rate | Highest / base | Processing fee | Prepay / close early |
|---|---|---|---|---|
| State Bank of India | 9.2% | 10.25% | 0.25% up to ₹2 lakh (min ₹250); 0.15% above ₹2 lakh (min ₹500); above ₹25 lakh 0.15% (₹3,750 to ₹7,500); till 31 Mar 2027 | Not given on SBI's gold loan page. Ask the branch. |
| Canara Bank | 9.35% | 9.35% | Swarna Loan, Overdraft and Monthly Interest: 0.30% (₹250 to ₹3,000). Swarna Express: 0.15% (₹125 to ₹1,500). Till 31 Mar 2027 | No prepayment penalty. You can close the loan at any time. |
| Muthoot Finance | 9% | 26% | Not on the scheme sheet | Muthoot Finance's scheme sheet does not give a prepayment charge. |
| Manappuram Finance | 9.9% | 24% | ₹30 including tax (scheme page); the rate page says ₹25 plus tax | Manappuram's scheme page does not give a prepayment charge. Penal charges are 2% a year after the loan tenure. |
| IIFL Finance | 9.72% | 27% | Up to 2% of the loan | Part-payment: nil. Foreclosure: nil (minimum 7 days' interest if closed within 7 days). |
All gold loan lenders compared →
Frequently asked questions
What is the SBI gold loan interest rate?
SBI Personal Gold Loan rates follow the SBI MCLR (changed on 15 Oct 2026). SBI lends less than the RBI maximum: it keeps a margin of 26% to 35% of the gold value. The lowest rate on the State Bank of India page is 9.2% a year.
How much gold loan can I get per gram from SBI?
Gold of 22 karat has a value of ₹12,970 a gram. For this gold, the RBI limit is ₹11,024 a gram (loan up to ₹2.5 lakh), ₹10,376 (up to ₹5 lakh) and ₹9,728 (above). SBI gives less. 6-month bullet gold loan: 70% (₹9,079 a gram). 12-month bullet gold loan: 65% (₹8,430 a gram). SBI Personal Gold Loan (EMI, up to 36 months): 72% (₹9,338 a gram). Liquid Gold Loan (overdraft, 36 months): 74% (₹9,598 a gram).
Can I close a SBI gold loan early?
Not given on the SBI gold loan page. Speak to the branch.
Is the RBI limit on the loan or on the total amount?
For a bullet gold loan, RBI applies the limit to the total sum that you repay at the end, with the interest. Thus, the loan that you get is less than 75–85% of the gold value.
Sources
- SBI Personal Gold Loan (rates, margin, fees). Read on 27 Oct 2026.
- SBI MCLR (changed on 15.10.2026). Read on 27 Oct 2026.
- Canara Bank: value per gram of 22 karat gold (default value in the calculator).
- RBI (Commercial Banks – Credit Facilities) Directions, 2025, para 44: LTV limits.
Lenders frequently change these rates. We examine them each month. Your loan document and Key Facts Statement show the rate and charges that you pay.