Bank of India: Now gold can stabilize your financial condition?

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Bank of India: Now gold can stabilize your financial condition?

What is a bank of India gold loan?

The gold loan may be a secured loan where gold items like gold jewellery, ornaments etc. are considered as collateral by the Bank of India. This loan is provided with this gold as collateral to the applicant.

Talking about Gold Loan by Bank of India:

Bank of India established by the government of India in 1969. It has around 4187 branches throughout India and about 1679 ATMs within the country, and more growing as we speak.

The bank may be a leading provider of economic services and is additionally one of the most important institutions for funding. It offers a fast loan for gold. Gold Loan is accessible to satisfy the short-term needs of an individual. Gold is a very valuable meta not only in India but in the whole world. Also, most of the people are emotionally attached to the same due to its traditional value in our country.

However, what’s the purpose of keeping your Gold in a very sealed drawer when it can facilitate your overcome financial obstacles? 

Taking a Loan against Gold can facilitate your overcome any difficult situation. Gold Loan is the best thanks to making money within the short term.

Bank of India Gold Loan Per Gram Rates

Weight


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

What are the fees for the same?

With loans such as home, car and personal loans, the borrower usually has to pay the costs / processing fees to get the loan. While taking out a gold loan, in addition to monetization, the applicant may be required to pay a gold standard to be used as collateral by the lending institution. In addition to processing costs and measurement costs, the bank may also charge documents and cancellation costs.

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