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IB Loan against Sovereign Gold Bond

A one-year bullet loan secured by a pledge of eligible Sovereign Gold Bonds, with the eligible amount linked to the India Bullion and Jewellers Association 24-carat gold price.

Interest rate9.15% to 10.00% p.a. floating for Sovereign Gold Bond loans in Indian Bank's current personal-segment rate table dated 14 August 2026.Maximum amountMinimum ₹25,000; no maximum loan amount is published. Eligible finance is 70% of the preceding 30-day average 24-carat gold price quoted by the India Bullion and Jewellers Association.Repayment tenureOne year, with bullet repayment of principal and interest at the end of the term.
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Quick eligibility check

IB Loan against Sovereign Gold Bond

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: eligibility is tied to ownership of eligible Sovereign Gold Bonds and branch appraisal?

Published source: Minimum income

2Do you meet this requirement: Holder of Sovereign Gold Bonds issued by the RBI on behalf of the Government of India?

Published source: Eligibility

3Do you meet this requirement: application must be made through the branch where the SGB was obtained?

Published source: Eligibility

4Do you meet this requirement: Only holders of eligible Sovereign Gold Bonds may apply and must approach the branch through which the SGB was obtained?

5Document checkDo you have at least one of these required documents: Original Sovereign Gold Certificate or holding certificate?

Published source: Eligibility

6Document checkDo you have this required document or proof: KYC and loan-application documents requested by the branch?

Published source: Eligibility
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India; application is through the branch where the was obtained

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeSecured loan against Sovereign Gold Bonds.View source
The official product is secured by pledge of the Sovereign Gold Bond.
Source
IB Loan against Sovereign Gold Bond — Indian Bank
Page / section
Product title and security
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate9.15% to 10.00% p.a. floating for Sovereign Gold Bond loans in Indian Bank's current personal-segment rate table dated 14 August 2026.View source
The current table lists Sovereign Gold Bond at 9.15% to 10.00% p.a.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
Other Retail Loans — Sovereign Gold Bond
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkThe current Sovereign Gold Bond rate row is labelled floating but does not identify a named benchmark or spread.View source
The official table publishes the floating range without naming a benchmark.
Source
Indian Bank Sovereign Gold Bond loan rate review
Page / section
Sovereign Gold Bond rate row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage or APR calculation is published on the Sovereign Gold Bond loan page or current floating-rate table.View source
The reviewed sources publish interest rate and collateral valuation but no calculation.
Source
IB Loan against Sovereign Gold Bond rate review
Page / section
Interest Rate row and complete product table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum income amount is published; eligibility is tied to ownership of eligible Sovereign Gold Bonds and branch appraisal.View source
The page sets -holder and branch conditions without an income threshold.
Source
IB Loan against Sovereign Gold Bond — Indian Bank
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountMinimum ₹25,000; no maximum loan amount is published. Eligible finance is 70% of the preceding 30-day average 24-carat gold price quoted by the India Bullion and Jewellers Association.View source
The quantum row states the ₹25,000 minimum, no maximum and 70% valuation formula.
Source
IB Loan against Sovereign Gold Bond — Indian Bank
Page / section
Quantum of loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureOne year, with bullet repayment of principal and interest at the end of the term.View source
The official repayment row states one-year bullet payment with interest at term end.
Source
IB Loan against Sovereign Gold Bond — Indian Bank
Page / section
Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNo numeric processing fee is stated on the reviewed product page or current personal-segment processing-fee schedule for the Sovereign Gold Bond route.View source
The current schedule lists other retail-loan fees but no separate Sovereign Gold Bond processing-fee row.
Source
Indian Bank Sovereign Gold Bond loan charge review
Page / section
Complete fee schedule and product table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo separate prepayment or foreclosure charge is stated for the one-year SGB bullet loan in the reviewed product page or current processing-fee schedule.View source
The reviewed sources publish bullet repayment and security but no separate prepayment charge.
Source
Indian Bank Sovereign Gold Bond loan charge review
Page / section
Repayment Period; complete fee schedule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityHolder of Sovereign Gold Bonds issued by the RBI on behalf of the Government of India; application must be made through the branch where the SGB was obtained.View source
The eligibility row states both the -holder and originating-branch requirements.
Source
IB Loan against Sovereign Gold Bond — Indian Bank
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsHolder of Sovereign Gold Bonds issued by the RBI on behalf of the Government of India; application must be made through the branch where the SGB was obtained.View source
The manually reviewed product record states: “Holder of Sovereign Gold Bonds issued by the on behalf of the Government of India; application must be made through the branch where the was obtained.”.
Source
IB Loan against Sovereign Gold Bond — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Any bankable purpose
  • Minimum loan ₹25,000; the page states no maximum ceiling
  • 70% of the preceding 30-day average 24-carat gold price quoted by IBJA
  • Bullet repayment after one year with interest

Eligibility

  • Only holders of eligible Sovereign Gold Bonds may apply and must approach the branch through which the was obtained.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Original Sovereign Gold Certificate or holding certificate
  • and loan-application documents requested by the branch

Related official documents

Processing Fee on Personal Segment Loan Products — Indian Bankofficial-fee-schedule · current · accessed 31 Aug 2026
↗
Interest Rates on Personal Segment Loan Products: Floating — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗
IB Loan against Sovereign Gold Bond — Indian Bank official product pageofficial-product-page · current · accessed 31 Aug 2026
↗

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

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Eligibility · Published detailHolder of Sovereign Gold Bonds issued by on behalf of the Government of India; apply through the branch where obtained.

This value is copied from IB Loan against Sovereign Gold Bond — published terms. Check the table notes before relying on it.

Source: IB Loan against Sovereign Gold Bond — Indian Bank · Complete product parameter table and current rate/fee schedules Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsIB Loan against Sovereign Gold Bond — published termsCurrent Indian Bank SGB-backed loan eligibility, valuation, margin, tenure and security terms.View tableHide table

Scroll sideways to view every column

IB Loan against Sovereign Gold Bond — published terms
ParameterPublished detail
EligibilityHolder of Sovereign Gold Bonds issued by on behalf of the Government of India; apply through the branch where obtained.
PurposeAny bankable purpose.
Margin30%.
Quantum70% of preceding 30-day average 24-carat gold price quoted by IBJA; minimum ₹25,000; no maximum published.
RepaymentOne year, bullet payment of principal and interest at term end.
Rate9.15%–10.00% p.a. floating in the current Indian Bank rate table.
SecurityPledge of the Sovereign Gold Bond.
DocumentsOriginal Sovereign Gold Certificate or holding certificate.
Processing / prepaymentNo separate numeric charge is stated in the reviewed current product and fee pages.
IB Loan against Sovereign Gold Bond — Indian Bank · Complete product parameter table and current rate/fee schedules · accessed 31 Aug 2026Open official source ↗

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