SBI Gold Loan Interest Rates 2023, EMI Eligibility Calculator

State bank of India gold loan interest rates & EMI Calculator helps borrowers to pick the best offers / Schemes on the basis of eligibility, tenure, processing fees & options online.

SBI Gold Loan Details

Interest Rate	10.25%
EMI per lakh	₹ 3238.47
Loan Tenure	Up to 30 months
Minimum and Maximum Loan Amount	₹ 10,000 and ₹ 20,00,000
Processing Fee	0.50% of the Loan Amount + S.T
Age	21 years and above
Prepayment Charges	Nil

Sbi Gold Loan Documentation

1. D P Note and D P Note Take Delivery Letter
2. Application for Gold Loans (as per specified format)
3. Two copies of photograph of the borrower(s)
4. Gold Ornaments Take Delivery Letter (as per specified format)
5. Witness Letter in case of illiterate borrowers (as per specified format)
6. Arrangement Letter (as per specified format)

SBI Gold Loan EMI Calculator

Loan Amount	EMI	Total Interest Payable	Total Amount Paid
1 Lakh	₹ 3788	₹ 13,644	₹ 1,13,644

Year	Principal	Interest	Total Payment	Balance	Loan Paid To Date
2018
Mar	₹ 2,882	₹ 983	₹ 3,865	₹ 97,118	2.88%
Apr	₹ 2,910	₹ 955	₹ 3,865	₹ 94,208	5.79%
May	₹ 2,939	₹ 926	₹ 3,865	₹ 91,269	8.73%
Jun	₹ 2,968	₹ 897	₹ 3,865	₹ 88,301	11.70%
Jul	₹ 2,997	₹ 868	₹ 3,865	₹ 85,304	14.70%
Aug	₹ 3,027	₹ 839	₹ 3,865	₹ 82,277	17.72%
Sep	₹ 3,056	₹ 809	₹ 3,865	₹ 79,221	20.78%
Oct	₹ 3,086	₹ 779	₹ 3,865	₹ 76,134	23.87%
Nov	₹ 3,117	₹ 749	₹ 3,865	₹ 73,018	26.98%
Dec	₹ 3,147	₹ 718	₹ 3,865	₹ 69,870	30.13%
Jan	₹ 3,178	₹ 687	₹ 3,865	₹ 66,692	33.31%
Feb	₹ 3,210	₹ 656	₹ 3,865	₹ 63,482	36.52%
Mar	₹ 3,241	₹ 624	₹ 3,865	₹ 60,241	39.76%
Apr	₹ 3,273	₹ 592	₹ 3,865	₹ 56,968	43.03%
May	₹ 3,305	₹ 560	₹ 3,865	₹ 53,663	46.34%
Jun	₹ 3,338	₹ 528	₹ 3,865	₹ 50,325	49.67%
Jul	₹ 3,371	₹ 495	₹ 3,865	₹ 46,955	53.05%
Aug	₹ 3,404	₹ 462	₹ 3,865	₹ 43,551	56.45%
Sep	₹ 3,437	₹ 428	₹ 3,865	₹ 40,114	59.89%
Oct	₹ 3,471	₹ 394	₹ 3,865	₹ 36,643	63.36%
Nov	₹ 3,505	₹ 360	₹ 3,865	₹ 33,138	66.86%
Dec	₹ 3,540	₹ 326	₹ 3,865	₹ 29,598	70.40%
Jan	₹ 3,574	₹ 291	₹ 3,865	₹ 26,024	73.98%
Feb	₹ 3,609	₹ 256	₹ 3,865	₹ 22,415	77.59%
Mar	₹ 3,645	₹ 220	₹ 3,865	₹ 18,770	81.23%
Apr	₹ 3,681	₹ 185	₹ 3,865	₹ 15,089	84.91%
May	₹ 3,717	₹ 148	₹ 3,865	₹ 11,372	88.63%
Jun	₹ 3,754	₹ 112	₹ 3,865	₹ 7,618	92.38%
Jul	₹ 3,790	₹ 75	₹ 3,865	₹ 3,828	96.17%
Aug	₹ 3,828	₹ 38	₹ 3,865	₹ 0	100.00%