It is very straightforward to obtain a gold loan from SBI. The documentation is minimal and hassle-free. The maximum loan amount approved is Rs.20 lakhs by pledge of gold ornaments including bank-issued gold coins. In order to be eligible for SBI gold loan, you need to be the bank's existing customer / bank’s employee / pensioner / and must be able to demonstrate a stable source of income. You must also be able to satisfy the minimum age requirement which is 21 years.