SBI Gold Loan Calculator in Mumbai | Check Per Gram Rate
SBI Gold Loan Comparison Matrix (Mumbai 2026)
| Loan Amount | LTV Ratio | Interest Rate (p.a.) |
|---|---|---|
| Up to ₹5 Lakh | Up to 75% | 8.70% - 9.50% |
| ₹5 Lakh - ₹20 Lakh | Up to 75% | 8.50% - 9.25% |
| Above ₹20 Lakh | Up to 75% | 8.25% - 9.00% |
Use this page to rough‑estimate how much you may borrow against hallmarked jewellery in Mumbai with State Bank of India (SBI), then validate the number on the lender's sanction letter. The calculator applies RBI's widely cited 75% loan‑to‑value ceiling as an educational assumption together with a sample annual rate of 10.8% from our dataset—not an offer of credit. The 10.8% p.a. figure is for quick math only; confirm live pricing on SBI's sanction letter.
Gold valuation at the counter includes purity checks, stone deductions, and the financer's daily rate card. Urban centres such as Mumbai generally follow the same national policy rules, but the rupee‑per‑gram reference used by SBI can still differ from the illustrative spot price wired into the calculator.
Official sources (SBI)
Rates, fees, and documentation change. Treat these RBI‑regulated lenders' pages as the source of truth before you pledge gold.
- Personal gold loan (product hub)
- SBI gold loan interest rates — Open the gold-loan / retail loan section on the rates page.
Before you visit a branch
- Carry original KYC (Aadhaar, PAN / Form 60 per bank rules) plus a recent photograph.
- Ask how SBI deducts non‑gold weight, stones, and what happens if the pledge includes mixed alloys.
- Confirm processing fee, valuation charge stamp duty, penal interest, and foreclosure/CLOSURE rules.
- Understand repayment mode (bullet vs EMI vs overdraft) and renewal conditions.
Frequently asked questions
How to calculate SBI gold loan value per gram in Mumbai?
To calculate the value, multiply the current 22K gold rate in Mumbai by SBI's LTV (typically 75%). For example, if gold is ₹6,000/gram, you may get up to ₹4,500 per gram as a loan.
What is the processing time for SBI gold loans in Mumbai branches?
SBI gold loans are known for fast processing, often completed within 30-60 minutes at major Mumbai branches like Nariman Point or BKC, provided KYC and gold valuation are done.
Are there any hidden charges for SBI gold loans in Mumbai?
SBI is transparent with charges. Typical costs include a nominal processing fee and gold appraiser charges. Always ask for the Most Important Terms and Conditions (MITC) document.
Disclaimer: Aapka Helper is an independent education site and is not affiliated with SBI. Nothing here is financial, legal, or tax advice. Review disclosures on SBI's official portals and speak with a qualified adviser before pledging assets. Guide last reviewed: .