Bank of Baroda Gold Loan

Interest Rate – 7.70% + SP onwards per annum

Type of Facility – One-time disbursement.

Purpose of Loan – Any purpose except gambling.

Quantum of Loan – Loan amount up to Rs. 25 lakh can be availed.

Repayment Tenure – Up to 12 months

Repayment Mode – Following repayment options are provided by the bank:

• Monthly
• Quarterly
• Half Yearly
• Bullet Payment

Margin – Loan to Value will be decided by the Bank.

Security – Bank of Baroda will only accept gold items that are at least 18 Karat pure.

You may use our Gold Loan EMI Calculator to check the EMI amount you will have to pay per month on the gold loan. The steps to use the calculator are:

• Click here to go to EMI Calculator
• Enter the loan amount, rate of interest and tenure (in months or years)
• Afterwards, you can see the EMI amount on the right-hand side of the screen

Gold Loan EMI Calculator is a helpful tool if you want to compare gold loan interest rates offered by different banks. It will help you in selecting the best plan. Moreover, the calculator’s services are free and can be used multiple times.

To apply for Bank of Baroda gold loan you must be in the age group of 18 to 75 years.

Only those gold ornaments and jewellery will be accepted which are of 18 Karats or more. Also, only those gold coins will be accepted which are specially minted and sold by the banks. Other criteria (if any) will be shared at the time of application.

Documents Required

To avail Bank of Baroda Gold Loan you will be required to submit the following documents:

• Duly-filled Application Form for Gold Loan
• KYC Documents including Address Proof and Identity Proof
• Income Proof (if required): Latest salary slip, Form 16 or bank statement
• 1 Photograph
• Post disbursement documents (if any)

To apply for Bank of Baroda gold loan visit the nearest bank branch. Once there, contact a branch official who will guide you through the process. Your gold articles will be inspected and then the eligible loan amount will be shared with you.

Consider Reading: 6 Common Mistakes to Avoid When Applying for a Gold Loan

Can I avail Bank of Baroda Gold Loan online?
No, Bank of Baroda offers gold loan only through their branches. Click here to see the

Can I get some of the gold articles back if I have made partial payment?
You will get your gold articles only when you have paid back the full loan amount.

I have gold coins that I bought from my local jeweller; can I get a loan against them?
No, only specially minted gold coins sold by banks can be used to get a loan.

Do I require a co-applicant to get Bank of Baroda gold loan?
No, you do not require a co-applicant to get Bank of Baroda gold loan.

Does Bank of Baroda provide gold loan for agricultural purposes?
You may use the gold loan for agricultural purposes. However, the bank does not provide a separate Bank of Baroda Agriculture Gold Loan.