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:
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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.
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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.
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What is the Gold Loan Interest Rate in Bank of Baroda?
The Gold Loan rate in Bank of Baroda is 7.11% per annum.
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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.
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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.
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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.
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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.
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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.
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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.
