Bank Of India Gold Loan

Gold Loan at 1%* p.m.

Apply & Get Instant Money

Bank Of India Gold Loan Key Features – Apply Now!

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

What is Gold Loan?

Gold is the most essential and valuable ornament in the Indian tradition. It is used by various people only to decorate themselves, but now, its usage is extended to a higher limit. Now it can be used for claiming loans also. Now people buy gold so that they can use it in the case of an emergency. So here is Bank of India Gold Loan, that provides the maximum value for your gold.

Interest Rates Of Bank Of India Gold Loan:

Interest rates for the gold loan in the Bank of India change from time to time. The interest rate starts from 10.75% per annum.
The maximum tenure of the gold loan is 18 months maximum. The maximum amount of the loan that can be provided is 15 lakh.

Eligibility for Bank of India Gold Loan:

  1. Firstly, anyone can apply for a loan with them, which means that the person can be a professional, salaried, business person, a person of regular income group, etc.
  2. Next thing is that the applicant should be of at least 18 years of age.
  3. In addition to this, no minimum income of the applicant is required.
  4. Also, the gold ornament should be between 18 karats to 22 karats.
  5. Lastly, the gold should be of the applicant or should be of his family member.

Documentation for Bank of India Gold Loan:

The whole process is very easy and simple. Documents required in the simple form. You instantly get a gold loan after issuing the documents.:

  1. Identity proof (Passport/Id card/voter card/driving license) can be any one of them. Everyone easily has these documents, so there is no problem with the submission.
  2. 2 passport size photos
  3.  Residence proof can be aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  4. Driving license is also regarded as a proof of identity and residence proof because it contains the name, date of birth, and a photograph of the customer.
  5. Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
    PAN card is the permanent account number that is available with the customers, and it prevents the financial frauds. So it can be an identity/residence proof. Pan card is an essential document under KYC (know your customer)

About Bank Of India:

Bank of India was founded in 1906. It is a commercial bank of India. It is one of the reputed banks which provides a gold loan to the customers. It is a government undertaking bank so that you can trust the bank without any fear of fraud. You can apply for Bank of India Gold Loan online on When you return your loan, you will get back your gold ornaments.

There Are Some Features of Bank Of India Gold Loan:

  1. Bank of India provides the facility of gold loan disbursal within 45 minutes. Loan disbursal is so quick and easy. The customer doesn’t have to wait for
  2. Moreover, the amount of loan to be provided by the bank is 40%of its value.
  3. The documentation process is straightforward. Very few documents are required for the approval of the gold loan.
  4. Additionally,  tight security provided by the bank.
  5. Transparency is provided to the customers for reliability.


Why we are suggesting applying for the Bank Of India Gold Loan by using over other sites. knows the value of your precious time. You will get so many perks if you apply by using this site. Here are some of them are given

  1. If you apply for the Gold Loan from, you will get so many benefits.
  2. You have to fill the Bank of India Gold Loan form, and you will get a call from our side automatically.
  3. Besides that, you may get some more concessions on the interest rates.
  4. Therefore there is no need to go to the bank.
  5. Even more, documents pick up facility from your doorstep is available.
  6. You don’t need to go here and there to ask for interest rate or to get to know about EMI ’s. All you need is to apply on, and you will get back a call back within a few minutes with all the information. So Gold Loan is only one step away from you.