Bank of Baroda Gold Loan

Gold Loan at 1%* p.m.

Apply & Get Instant Money

Bank of Baroda Gold Loan Key Features – Apply Now!

Bank of Baroda Gold Loan Interest Rate 7.11% per annum
Bank of Baroda Gold Loan Per Gram Rate Per Gram Today is ₹ 5,032
Bank of Baroda Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Bank of Baroda Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Bank of Baroda Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Bank of Baroda Gold Loan Repayment Tenure 3 Months to 24 Months
Bank of Baroda Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of  Bank of Baroda Gold Loan:

  • Quick Processing: Bank of Baroda completes the progression in a very hasty and simple manner. The credit is taken within an hour.
  • Minimal Documentation: The records mentioned for the documentation process are significant and less.
  • Transparent System: The Bank of Baroda has a clear-cut scenario of not taking any undefined charges from the customers.
  • Loan Amount: The value of allowance for the applicants is Rs. 15000 and Rs. 10000 for the people living in metropolitan or provincial areas respectively.
  • Security of Jewelry: Bank of Baroda has entire security for the gold assets kept by the borrowers with the bank.
  • Loan Tenure: The session for availing the gold loan in Bank of Baroda Bank is from 3 months to 2 years. You can plan it according to your convenience.
  • Advantages for Farmers: Farmers are given the loan at the minimum price of interest, also, they are given advantageous offers by the Bank of Baroda.
  • No Debt Trouble: There are debt charges that might be put on the candidate in case they have not to refund the money to the bank, instead the bank will just seize the decorations for some time.
  • No Income bounds: Bank of Baroda look for the gold, not for the money, so if the candidate has gold then the bank has money for them otherwise more or less income whatever it is nothing can make the way.

 

How Much Gold Loan can I Get through Bank of Baroda Bank Gold Loan:

Bank of Baroda Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

Bank of Baroda Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Bank of Baroda Gold Loan Documents Required:

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

Bank of Baroda Gold Loan Interest Rate, Fees, and Charges:

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

About Bank of Baroda Gold Loan:

Bank of Baroda is a public sector banking institution. It is widely known among other financial and non-financial companies because of the availability of the gold loan at a lower rate of interest. It is the most reputed and reliable financing solution. It has various loaning facilities for the customers.

  • Bank of Baroda Gold Loan Interest Rate is 7.11% per annum
  • Bank of Baroda Gold Loan Per Gram is ₹ 5,032
  • Bank of Baroda Gold Loan Tenure: Up to 24 months
  • Bank of Baroda Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Bank of Baroda Bank Gold Loan:

  • Loan Against Gold –Bank of Baroda Bank provides loans to the clients at an attractive rate of interest to fulfill the satisfaction and requirements of the people. Gold Loan is an absolute trust and sanctions loan to the applicants at the lowest interest rate as compared to other loans, due to this the bank avails loan to the people without any danger.
  • Loan Against Gold for Agriculture – Bank of Baroda Bank gives tremendous offers to the farmers for agricultural purposes in addition to the interest at the slightest price. Thus, property proofs should be given to the bank for which they are taking a loan.

Bank of Baroda Bank Gold Loan EMI Calculator:

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your Bank of Baroda Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are directly an account holder with Bank of Baroda Bank, then Standing Instruction is a trustworthy process for compensation. Your EMI gets credited at the end of every month from the Bank of Baroda Bank account.
  • Electronic Clearing Service (ECS): This process can be applied nly and only if you have a non-Bank of Baroda Bank record and probably need your EMIs to be charged monthly from the present record.
  • Post-Dated Checks (PDC): You can propose your post-dated EMI details from a non-Bank of BarodaBank financial statement at your nearest Bank of Baroda Bank loan Center. A new statement of PDCs should be shown.

Bank of Baroda Bank Gold Loan Contact Number:

Dial 9878981144 for communicating and concerning Bank of Baroda Gold Loan best deals, and offers available in each branch of Bank of Baroda.

Gold Ornaments Accepted by Bank of Baroda Bank :

  • Gold Jewelry-  Bank of Baroda Bank allows gold as in, Gold Bangles, Gold bands, Gold anklets, Gold necklaces, etc. all of these ornaments.
  • Quality- Purity, and quality of the gold lie between 18-22 carats.

 

Use of Bank of Baroda Bank Gold Loan:

  • Finance the expenses through the money received by the Bank of Baroda Gold Loan.
  • Spreading your business to new places by marketing and publicizing various products.
  • Green producers need funds for horticultural purposes like gardening, cultivation, etc.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.11% – 14.50%

ICICI Gold Loan

7.11% – 16.10%
Muthoot Finance Gold Loan

7.11% – 24.00%

Axis Bank Gold Loan

7.11% – 17.11%
Manappuram Gold Loan

7.11% – 26.00%

Yes Bank Gold Loan

7.11% – 15.99%
Bank of India Gold Loan

7.11% – 26.00%

Federal Bank Gold Loan 

7.11% – 13.50%
IIFL Gold Loan

7.11% – 12.00%

Central Bank of India Gold Loan

7.11% – 14.65%

Canara Bank Gold Loan

7.11% – 12.65%

Allahabad Bank Gold Loan

7.11% – 10.45%

Induslnd Bank Gold Loan

7.11% – 15.75%
PNB Gold Loan

7.11% – 11.75%

Bajaj Finance Gold Loan

7.11% – 26%
SBI Gold Loan

7.11% – 15.99%

Indian Bank Gold Loan

7.11% – 15.99%
UCO Bank Gold Loan

7.11% – 26.00%

Kotak Mahindra Bank Gold Loan

7.11% – 13.50%
Syndicate Bank Gold Loan

7.11% – 12.00%

 

FAQs About Bank of Baroda Gold Loan:

  • What is Bank of Baroda Gold Loan?

Bank of Baroda Gold Loan brought you a funding service where an individual is given funds in exchange for the gold at a lower rate of interest and has less paperwork.

  • How can I get the Gold Loan from Bank of Baroda?

Receive the Bank of Baroda Gold Loan by visiting any of the gold loan approving branches in India; otherwise, you can apply online with lendingwale conveniently from your home.

  • What is the Gold Loan Interest Rate in Bank of Baroda?

The Gold Loan rate in Bank of Baroda is 7.11% per annum.

  • How much Gold Loan can I get per gram in Bank of Baroda?

The per gram Gold Loan in IIFL Bank is ₹ 5,032 Per Gram.

  • How to check Gold Loan status in Bank of Baroda?

Revise the gold loan status in Bank of Baroda by visiting the IIFL Bank loan status tracker web page and stay updated.

  • How to calculate Gold Loan Interest in Bank of Baroda?

Quantitative decisions of gold loan interest in Bank of Baroda can be concluded using the EMI calculator.

  • How to Pay Bank of Baroda Gold Loan Interest Online?

Any applicant can pay the interest on the Bank of Baroda through net banking or else you can use Paytm or any of your most favorable methods.

  • What if I can’t pay the interest on Bank of Baroda Gold Loan for 3 months?

If the payment is not done within 3 months then the Bank of Baroda is forced to put legal charges against the client and confiscate their gold assets.

  • How can I apply for EMI Moratorium on Bank of Baroda Gold Loan?

You can demand EMI Moratorium on Bank of Baroda Gold Loan presently between the 1st March and 31st August 2020 and perform it by contacting the Bank client’s care or stopping over the closest Bank of Baroda branch.