Is SBI Gold Loan Interest at 8% the Best Option in 2023?

Summary

State Bank of India (SBI) Gold Loan Interest Rate: SBI is a premier option for availing gold loans, with an interest rate starting at 8% per annum for both Personal and Realty Gold Loans. The rate is 0.30% above the bank's current 1-year Marginal Cost of Funds Based Lending Rate (MCLR) set at 7.70% as of September 15, 2022.