Updated Feb 22, 2021 | 07:00 IST SBI Gold Loan can be availed by a pledge of gold ornaments including gold coins sold by Banks with minimum paperwork. Customers will enjoy 7.50% interest rate, nil processing fee, and other benefits SBI Gold Loan: Check eligibility, interest rate and other features New Delhi: People who do not have an emergency fund to fall back upon in trying times, typically opt for personal loans or gold loans to avoid temporary cash crunch. Gold loan is always a better option than personal loan as not only the interest rate is lower in gold loan, but you also get flexible repayment option.