SBI Gold Loan EMI Calculator
Calculate estimated monthly EMI and interest for borrowing against hallmarked gold ornaments with State Bank of India.
Official Rate Formula & Benchmark:
SBI Gold Loans provide funding up to statutory 75% LTV on net gold weight at 8.75% p.a. reducing balance. Note: Actual loan sanction depends on in-branch gold assaying.
Current official starting rate: 8.75% p.a. (Range: 8.75% – 9.85% p.a.).
SBI Gold Loan Calculator
Interactive calculation engine using official SBI rates
For 3 years at 8.75% p.a. reducing balance
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹91,419 | ₹22,641 | ₹1,14,060 | ₹2,08,581 |
| Year 2 | ₹99,746 | ₹14,314 | ₹1,14,060 | ₹1,08,835 |
| Year 3 | ₹1,08,835 | ₹5,227 | ₹1,14,062 | ₹0 |
Rate Verification & Official Notice
8.75% p.a.
8.75% – 9.85% p.a.
floating Rate1-Year MCLR (8.95%)
Applicable Conditions & Eligibility Factors:
- Up to statutory 75% LTV on net gold weight
- Bullet and monthly EMI modes available
Source: SBI Gold Loan Scheme Notice
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Pledge 18K to 22K hallmarked jewellery.
- 2Disbursals up to 75% LTV ceiling per RBI directives.
Key Factors Influencing Your Rate
- •Net weight in grams (excluding stones)
- •Repayment mode: Bullet vs Monthly EMI
Worked Numerical Example: SBI Gold Loan Calculator
For an estimated SBI Gold Loan Calculator of ₹3,00,000 at 8.75% p.a. for 3 years, your monthly EMI is ₹9,505, with total interest of ₹42,182. Note: Actual eligible loan amount is appraised at the branch based on net gold weight (18K–22K) and RBI's 75% LTV cap.
Frequently Asked Questions: SBI Gold Loan Calculator
- How is gold loan eligibility determined?
- Based on net weight of gold and RBI 75% LTV norm.
- Starting rate?
- Starts from 8.75% p.a.