Bank of India Gold Loan

Bank of India Gold Loan Highlights
Interest Rate	8.85% p.a. onwards
Loan Amount	Up to Rs 30 lakh
LTV Ratio	Up to 85% of gold value
Collateral	Pledge of gold jewellery or coin
Processing Fee	Up to Rs 1 lakh- NIL Above Rs 1 lakh to Rs 5 lakh- Rs 125 per lakh; Max Rs 250 Above Rs 5 lakh- Rs 125 per lakh; Max Rs 1,000

Rates as of 13 March 2025.

Bank of India Gold Loan Interest Rates

Bank of India Gold Loan interest rates start from 8.80% p.a. onwards. The lender offers differential gold loan interest rates based on the type of gold loan scheme offered by Bank of India.

Products	Interest Rate (p.a.)
Gold Loan and Overdraft for Agriculture	9.05%
Gold Loan and Overdraft for Food and Agro-based activities	9.10%
Gold Loan and Overdraft for MSME and Other Priority Sector categories	8.85%
Gold Loan for Consumption/Non-Priority Sector	9.10%

Bank of India Gold Loan Fees and Charges

Loan Amount	Charges
Up to Rs 1 lakh	NIL
Above Rs 1 lakh to Rs 5 lakh	Rs 125 per lakh; Max Rs 250
Above Rs 5 lakh	Rs 125 per lakh; Max Rs 1,000

Features of Bank of India Gold Loan

Purpose

Bank of India offers gold loans to its applicants for various types of agriculture related activity, personal requirements or business related activities. Individuals can avail gold loan pledged against gold jewellery or gold coins.

Loan Amount

Bank of India offers Gold Loan for agricultural, MSME, retail and personal purposes for loan amount from Rs. 20,000 to Rs 30 lakh.

LTV Ratio

The lender offers Bank of India Gold Loan for loan amount for up to 85% of gold value.

Security

Individuals can avail gold loan from Bank of India against gold jewellery or gold coins.

Eligibility Criteria for Availing Bank of India Gold Loan

Below mentioned is the eligibility criteria to be met by the lawful owners of gold jewellery, ornaments and coins to avail gold loan from Bank of India:

Gold jewellery/coin that can be pledged

For more information customers can give a missed call on 8010968370 or SMS ‘GOLD’ to 7669021290

Documents Required for Availing Bank of India Gold Loan

Below-mentioned are the documents required by Bank of India while offering Gold Loan to its applicants.

• KYC documents- Identity proof and address proof
• Land holding particulars if loan is availed for agricultural purposes and loan amount is more than Rs 2 lakh

Bank of India Gold Loan EMI Calculator

Applicants planning to avail Gold Loan from Bank of India can use our online Gold Loan EMI Calculator, to find out their EMI based on the loan tenure and interest rate.

Bank of India Customer Care

1800-103-1906 (toll free)
1800-220-229 (toll free)
(022)-40919191 (Chargeable number) 24X7
+91-7997987601 (WhatsApp number)
Email : cgro.boi@bankofindia.co.in

For NRI Contact:

Helpline Number : +91 7969241100
Email : febo.nri@bankofindia.co.In