SBI Gold Loan interest Rate

SBI Gold Loan interest rate

Taking a loan against gold in India is a wise financial decision than taking a personal loan or credit card loans. This is because the gold loans offer very less interest rates.

SBI Gold Loan is India’s one of the cheapest gold loan in India. Its interest rate is 12-14% per annum.

And you get a loan up to 80% of the market value of the gold. And on the top of this, no income proof is required and even low income group of individuals can also easily get approved for the loan.

Just keep i mind that, here you pledge your gold. So in case, if you default, you will loose the control over your gold. And remember that, Indians have emotional attachment with this traditional asset class and that’s why always take a loan against gold after thinking 100 times.

Here is the procedure to take a gold loan with SBI.