SBI Gold Loan in Chennai


  • Apply for the SBI Gold Loan in Chennai
  • Go through the Interest Rate, Tenure, and the Types of SBI Gold Loan.
  • See the Eligibility Criteria and Documents Required before Applying for the loan.

There are many individuals who look for loans and debts but due to their incapability, their loan applications are rejected. But they are unaware of the fact that they can easily get a loan if they have enough gold at their homes. People in Chennai are concerned about fulfilling their dreams through loans and debt. So, if your other loan applications are rejected again and again then you can take the SBI Gold Loan in Chennai. It is better to utilize your Gold against a loan rather than just storing it at home. The State Bank of India offers Gold Loan at a competitive rate of interest and you can fulfill all your dreams through it. Let’s explore the details of the SBI Gold Loan.

Gold Loan from SBI in Chennai Interest, Tenure, Loan Amount

DetailsSBI Gold LoanSBI Liquid Gold LoanSBI Bullet Repayment Gold Loan
Minimum Loan Amount₹20 Thousand₹20 Thousand₹20 Thousand
Maximum Loan Amount₹20 Lacs₹20 Lacs₹20 Lacs
Maximum Tenure3 Years3 Years1 Year
Rate of Interest7.50%7.50%7.50%
Processing FeesHighest of the Following
- 0.50% of the Loan Amount plus GST.
- ₹500 plus GST
Highest of the Following
- 0.50% of the Loan Amount plus GST.
- ₹500 plus GST
Highest of the Following
- 0.50% of the Loan Amount plus GST.
- ₹500 plus GST

Options for the SBI Gold Loan

As you can see in the table that the State Bank of India offers three types of Gold Loans in Chennai so you can choose any loan as per your needs.

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Gold Loan

  • This loan is given for a maximum tenure of 36 months.
  • The bank will only give you 75% of the Gold Value as the loan and keeps 25% as a margin.
  • 7.50% is the rate of interest charged in this loan.
  • If you have mortgaged the Gold having a value of ₹2 lacs then you will get only ₹1.5 lacs as a loan.

Liquid Gold Loan

  • The bank will sanction a certain limit as a loan that is known as the overdraft limit.
  • The interest will be charged only on the borrowed amount and not on the limit sanctioned by the bank.
  • Rate of interest on this loan is 7.50% per annum.
  • If the bank gives you a limit of ₹5 lacs and you borrow ₹2 Lacs only then the interest will be charged on ₹2 Lacs. 

Bullet Repayment Gold Loan

  • The bank gives you the option to clear the loan before the expiry of the tenure.
  • The bank will charge the interest for that period only when the loan is borrowed and for the tenure given by the bank.
  • Maximum tenure of 12 months is allowed in this loan.
  • 7.50% is the rate of interest charged by the State Bank of India on this GoldLoan in Chennai.
  • Suppose you have borrowed the loan for 12 months and you repay it in 2 months then the bank will charge interest for 2 months only.

Eligibility Criteria in Chennai for the SBI Gold Loan

  • A Minimum Age of 18 Years is required to take the Loan.
  • A Single Applicant and co-applicant can take the loan.
  • Individuals must a regular income so that they can clear the loan on time.
  • Bills of all the Gold items that are mortgaged must be presented to the bank.
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Documents Required

  • Gold Loan Application Form Signed by the Applicant.
  • 2 Passport Sized Photographs.
  • Aadhar Card, PAN Card, Voter ID Card, or Passport as the Identity Proof.
  • Driving License, Telephone Bill, Electricity Bill as the Address Proof.
  • Illiterate Borrowers must have to present a Witness Letter.
  • DP Note
  • Delivery Letter of the DP Note
  • Note Delivery Letter of the Gold Ornaments
  • Arrangement Letter

SBI Gold Loan Branches in Chennai

You can apply for the SBI Gold Loan either by visiting the nearest branch or online. If you are willing to apply online then fill-up the form is given above or else visit the nearest SBI branch in Chennai that is given below.

  • 5, I Cross Street, Kasturba Nagar, Adyar, Chennai.
  • 241 TTK Road Alwarpet Chennai Alwarpet
  • 22 Sathrudeen Sahib Stree Aminjikarai Chennai Aminjikarai
  • AG I, Shanthi Colony, Annanagar, Chennai Anna Nagar Chennai Anna Nagar
  • Y-211, 11th Avenue Anna Nagar Chennai Anna Nagar (West )
  • Sardar Patel Road, 49 Arcot Road Guindy
  • P. B. #342-103 A Anna Salai Chennai Anna Salai
  • 9 Munirathnam Street Ayyavoo Naidu Colony Chennai Ayyavoo Naidu Colony
  • 13, THNB Complex, Ashok Nagar #55, Lattice Bridge Road, Ashok Nagar
  • 317 Konnur High Road I Floor Chennai Ayanavaram
  • E 18, 16th Cross Street Besant Nagar Chennai Besant Nagar
  • 3/A, I Floor, Srinivasan Street1236 ( New #41 ), 18th Main Road, Adambakkam
  • 149, Greams Road Chennai
  • 28, Chamiers Road94, Jawahar Lal Nehru Road Nandanam
  • State Bank Buildings, 84, Rajaji Salai #171, Govindappa Naicken Street Paris Corner
  • 17, Mcnichols Road Chetput Chennai Chetpet
  • 112/4, Kaliamman Koil Street10-A/4, I Cross Road, Chinmaya Nagar
  • 144/1 Swaminaickan Street, Chintadripet Chintadripet Chennai Chintadripet
  • 59, 1st Mainroad, Citnagar, Chennai 600035, Chennai West Cit Nagar Chennai Saidapet
  • 232, NSC Bose Road, A-46, Karthikeyan Salai
  • 45 Pantheon Road-Egmore Chennai Egmore
  • Rekha Nivas, 3/A, I Floor, Srinivasan Street Egmore
  • Jawaharlal Nehru Road Ekkaduthangal Chennai. Ekkaduthangal
  • 84/85, Wall Tax Toad, #9, Bazalullah Road, Elephant Gate
  • New #202, Old #110, G. A Road52, Rengarajapuram Main Road, Royapuram
  • Gill Nagar, 100, 3rd Street Choolaimedu, Chennai, Tamilnadu Gill Nagar
  • 238 Avvai Shunmugam Sal-Gopalapuram Chennai
  • 66, G. S. T Road, Guindy Chennai Guindy
  • 55, II Street, Kasi Estate #61/1, West Jones Road, Jafferkhanpet
  • A-46, Karthikeyan Salai112/4, Kaliamman Koil Street Jawahar Nagar
  • 207, Ramaswamy Road K. K. Nagar. Chennai. Karunanidhi Nagar
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