Bank of Baroda Gold Loan

Bank of Baroda Gold Loan Features – Apply Now

Bank of Baroda issues a Gold Loan per gram rate of ₹ 2,900 to ₹ 3,450 in line with the current gold rate. The best Bank of Baroda Gold Loan Rate per gram is ₹ 3,329 for 22 Carat gold, measured at a maximum 75% loan to value and the average gold price for the last one month for 22-carat is ₹ 4,621.

GOLD LOAN @ 0.49%*

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5.88% per annum 9.90% – 17.55% Processing Fees Up to 1% of the loan amount or ₹1000 whichever is higher 0.50% of the loan amount, minimum Rs. 500 1.50% of the loan amount Loan Tenure 3 months to 12 months 3 months to 36 months 3 months to 24 months Loan Amount ₹ 10,000 to ₹ 10 Lakh ₹ 20,000 to ₹ 20 Lakh ₹ 25,000 to ₹ 50 Lakh Foreclosure Charges Up to 0.50% of the principal amount Nil Nil after 3 months Repayment Options Y Y Y Lowest EMI Per Lakh ₹ 3,111 per lakh ₹ 3,111 per lakh ₹ 4,610 per lakh

GOLD LOAN @ 0.49%*

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for 22-carat jewellery calculated at the maximum LTV of 75% and reasonable primrose mortgage costs of  30 days.

GOLD LOAN @ 0.49%*

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Processing Fee Up to 1% of the loan amount or ₹1000 whichever is higher Loan to Gold value Up to 75% Service Charges Rs 250- Rs 5000 (depending on the loan amount) Document Charges Rs 199 (for loans up to 1-year tenure)

The bank charges no additional fees for part payment or the foreclosure of the Gold Loan.

GOLD LOAN @ 0.49%*

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(depends on the sum of the loan Least amount of Loan Depends on the value of the jewel which is being kept as security Loan period Adjustment of advance sum inside 2 months from the date of reap of yields

GOLD LOAN @ 0.49%*

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. It also depends on the quality of the gold. 24K gold is not accepted for Gold Loan.

✅ How does the Bank of Baroda Gold Loan work?

The Bank of Baroda Gold loan is a secure credit availing service available for those who have urgent cash requirements and can pledge gold ornaments as collateral security. Once the gold pledged with the bank is valued, the bank processes the loan amount in your indicated account immediately. Various repayment options are available for repaying the loan.

✅ How much is the Baroda Bank Gold loan interest rate? 

Bank of Baroda provides the Best Gold Loan Interest rate is 5.88% per annum  currently.

✅ How to check Bank of Baroda Gold Loan status?

You can check the status of your gold loan by contacting the customer care executive of the bank, checking the online portal, or by visiting the branch physically and meeting the officer in charge of your loan file.

✅  How to calculate Gold Loan Interest in Bank of Baroda?

You can easily calculate the gold loan interest rate in the Bank of Baroda by subtracting the principal amount from the total sum to be paid.

✅ What is the maximum loan amount I can avail myself of on a Gold Loan from the Bank of Baroda?

You can get a maximum amount of Rs 1 crore on a Bank of Baroda Gold Loan as the bank offers around 75% of the gold ornaments’ market value.

✅ What is the loan tenure of the Bank of Baroda Gold Loan?

The maximum tenure of your Bank of Baroda Gold Loan is up to 36 months. However, you’ll be required to renew your loan plan after a year.

✅  How much Processing Fee is applicable on the Bank of Baroda Gold Loan?

A processing fee of up to 1% of the loan amount or ₹1000 whichever is higher is charged.

✅ How to renew the Bank of Baroda Gold Loan?

Renewal of Gold Loan account at Bank of Baroda can be done by visiting the bank branch where the loan was initially approved. You can renew your Gold Loan once you have reached the end of your tenure. You may be required to pay a renewal fee and fill out a renewal form. The gold ornaments kept as security will be revalued, and new loan terms will be decided.

✅ How to renew the Bank of Baroda Gold Loan online?

You can renew your Gold Loan online once you have reached the end of tenure by visiting the online portal of the bank and applying for the same. A small renewal fee may be charged, and your loan will be renewed for the new mandate.

✅ What are the charges for the renewal of the Bank of Baroda Gold Loan?

Bank charges approximately Rs. 250- Rs. 500 for renewal of the gold loan.

✅ What are the charges for Prepayment in the Bank of Baroda Gold Loan?

Bank of Baroda charges nothing for prepayment of the gold loan.

✅  How to pay Bank of Baroda Gold Loan Interest online?

For Bank of Baroda account holders, online payments can be made through the bank’s online portal or mobile application via net banking, debit cards, or mobile wallets such as Paytm.

✅ What if I can’t pay the interest on the Bank of Baroda Gold Loan for 3 months?

If someone defaults on the payments of Bank of Baroda Gold Loan interest for 3 months, a penalty fee is charged on the total amount due, and in case of repeated defaults, the bank will have the authority to auction your gold ornaments to recover the amount publicly.

✅ How can I apply for the EMI Moratorium on Bank of Baroda Gold Loan?

You can apply for the Bank of Baroda Gold loan moratorium online by logging in with your credentials or by personally visiting the main branch. The moratorium request has to be submitted at least five working days before the due date of your EMI.

✅How to pay a Bank of Baroda Gold loan through a credit card?

As per RBI Guidelines, the Bank of Baroda Gold loan cannot be repaid via credit cards. Other payment modes such as net banking, debit cards, cheques, DDs can be used for loan repayment.

✅ What is the Bank of Baroda Gold Loan Customer Care Number?

For any assistance regarding a gold loan in Bank of Baroda, you can contact on the number 9878981144.

✅ What is the Overdraft Scheme for Bank of Baroda Gold Loan?

The Overdraft Scheme has a Credit/Loan Limit. The bank charges interest on the amount withdrawn/utilized.

✅ What is the Bank of Baroda Gold Loan closure procedure?

The Gold loan will automatically close after the payment is done in full.

✅ What is Bank of Baroda Gold Loan Preclosure charges?

The Bank preclosure charges are 2%+GST (Within 3 Months), 0 (After 3 months)

✅ What is the maximum gold loan tenure?

The maximum gold loan tenure is 12 months.

✅ What is the Bank of Baroda Gold Loan Foreclosure charges?

Up to 0.50% of the principal amount is charged as Foreclosure charges.

✅ What is the minimum gold loan tenure?

The minimum gold loan tenure is 6 months.