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Bank of Baroda Gold Loan Highlights |
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| Interest Rates | 8.90% p.a. |
| Collateral | Security of minimum 18 carat gold ornaments /jewellery/specially minted gold coins sold by banks |
| Loan Tenure | 12 months and 36 months EMI scheme options |
| Loan Amount | Up to Rs 50 lakh |
| Gold Loan Repayment Facility | EMI, Bullet repayment, Overdraft |
| Processing Fee | NIL for up to Rs 3 lakh |
| Pre-Closure/Pre-Payment Charges | NIL |
Last updated as of 20 March 2025
Bank of Baroda Gold Loan Interest Rate
Bank of Baroda gold loan interest rate is 8.90% p.a. The bank does not consider the CIBIL scores while setting gold loan interest rates for its applicants.
| Particulars | Interest Rates (p.a.) |
| Demand Loan (LA180) | 8.90% |
| EMI (LA241) | 8.90% |
| Overdraft (LA043) | 8.90% |
Bank of Baroda Gold Loan Processing Fees & Other Charges
| Particulars | Charges |
| Processing Fees | NIL for loan amount of up to Rs 3 lakhs |
| Pre closure/Pre payment | NIL |
| Gold Assaying | 50 paisa per Rs 100 net value assayed of gold ornaments (Minimum Rs 25; Maximum Rs 350) |
Other Features of Bank of Baroda Retail Gold Loan
Purpose
Bank of Baroda offers ‘Retail Gold Loan’ digitally against the security of a minimum of 18-carat gold jewellery or ornaments. Applicants can use this loan for personal purposes such as car purchase, marriage, education, or other expenses except speculation.
Loan amount
Applicants can avail Bank of Baroda gold loans for up to Rs 50 lakh.
Tenure
Bank of Baroda Gold Loans are offered for tenures 1 year and 3 years for EMI repayment scheme. Stated below is the detailed breakup:
- Retail Demand Loan: 12 Month
- Retail Overdraft: 12 Month
- Retail EMI: 36 Months
Margin
The gold loan per gram has a 25% margin.
Repayment Facility
Applicants can repay their interest on gold loans through the EMI scheme option, i.e., on a monthly basis. The principal amount will be repaid through the bullet payment option at any time during the loan tenure. The overdraft facility and Demand Draft option are available.
Bank of Baroda Gold Loan Eligibility Criteria
Bank of Baroda offers gold loans against gold jewellery/ornaments and specially minted gold coins sold by the banks (up to 50 gm per applicant) to resident Indian applicants. Individuals aged 18 to 70 can apply for a digital gold loan.
Documents Required for Bank of Baroda Gold Loan Application
Stated below is the list of documents required for availing digital gold loan from Bank of Baroda:
- Registered mobile number linked with Aadhaar, BOB account
- BOB CIF number (or) Account number for existing bank customers
- PAN (Non Mandatory)
- Physical gold at the branch for valuation
- Original Aadhaar Card & PAN Card for verification
Bank of Baroda Gold Bank Loan EMI Calculator
Applicants planning to avail gold loan with an EMI repayment facility from Bank of Baroda can use our online Gold Loan EMI Calculator, to calculate their gold loan EMIs based on the chosen loan tenure and interest rate.