Baroda Gujarat Gramin Bank Gold Loan

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Rates as low as 1% p.m.
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Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
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About Baroda Gujarat Gramin Bank Gold Loan

Baroda Gujarat Gramin Bank Gold Loan

On September 12, 2005, Government of Gujarat as well as  (BOB) Bank of Baroda. Besides that being the sponsor bank of Panchmahal Vadodara Gramin Bank, Surat Bharuch Gramin Bank as well as Valsad Dangs Gramin Bank, in the public interest and the importance of the development of the area served by the said by Regional Rural Banks as also in the interest of said RRBs themselves. It had been decided that the announced RRBs should be amalgamated into a single RRB know as Baroda Gujarat Gramin Bank with its Head office at Bharuch formerly known as Broach in State Gujarat, India.

Baroda Gujarat Gramin Bank Gold Loan Interest Rate

In general Loan on Gold, the credit is available at a low-interest rate. Moreover, the reason behind that the Baroda Gujarat Gramin Bank Gold Loan comes in the category of secured loans. So the Gold interest rates are less than that of personal loan or any other kind of loans. Though the gold loan rate keeps on changing with the passage of time as well as person to person. The Baroda Gujarat Gramin Gold Loan is available at 1% per month interest rate.

  • Gold Loan Interest rate – 10.70 %
  • Offer low processing fee –  0.85%
  • Pre-closer charges range from 0 – 2 %
  • Tenure minimum six months; maximum five year
  • Amount – Thousand to a crore

Why to Apply for Baroda Gurajat Gramin Bank Gold Loan?

  • Baroda Gurajat Gramin Bank  follows a very simple and hassles free process
  • Faster Baroda Gujarat Gramin Bank Gold Loan disbursal.
  • Minimum documentation.
  • Improves customer service in a much shorter response turn around time.
  • 100% safety as well as protection of gold ornaments.

Baroda Gurajat Gramin Bank Gold Loan Eligibility

  • The age of the customer should not be less than 18 years.
  • The applicant should be a citizen of India.
  • The applicant should have gold in an appropriate form.
  • The quality of the gold should be 18 karats to 22 karats.

Baroda Gurajat Gramin Bank Gold Loan Documentation

  • Firstly, an Identity Proof is required. It can be an Aadhar Card/ Voter ID card/ PAN Card/Driving License/ passport.
  • Secondly,  One proof of residence is also required while applying for a gold loan; it can also be an Aadhar Card/ Card/ Voter ID card/ PAN Card/Driving License/ passport/Ration Card/Electricity/water bills of last three months with the name of the applicant.
  • Two colored photographs.

Additional Documentation for Baroda Gujarat Gramin Bank Gold Loan

The bank needs a Proof of ownership of Land if you are applying for an agriculture gold loan.
  • Land Proof – In the case of Agriculture Loan on gold of more than Rs. 1 lakh the proof is not required for allied agriculture purposes.
  • Needed a Demand Promissory Note – Certificate by the Jewel Appraiser (Bank will arrange).
  • Besides Income Proof of Salary Certificate as well as Form No.16

Baroda Gujarat Gramin Bank Gold Loan Process

  • The bank checks the purity of the gold.
  • The bank checks the market rate for gold and the price of the previous day is take into consideration
  • The LTV (Loan to Value) set by the RBI is 75%.
  • If you have acknowledged the Gold loan amount and terms, the lender processes the application. The processing fees & other charges are deducted from your Gold loan amount.
  • After signing the agreement, the loan amount is disbursed to your account.

Why Should You Choose Baroda Gujarat Gramin Bank Gold Loan?

  • Firstly, the bank is very dedicated to its customers.
  • Secondly High Loan amount from a minimum in thousands to a crore.
  • Thirdly, Quick processing.
  • Bad credit history/ CIBIL score, not an issue.
  • Instant Processing and Disbursal.
  • Also, the lowest interest rate.
  • Minimum documentation required.
  • Furthermore, Flexible repayment option.

FAQs About Baroda Gujarat Gramin Bank Gold Loan

Q. How much Gold Loan can I get per gram in Baroda Gujarat Gramin Bank?

The per gram Gold Loan rates in Baroda Gujarat Gramin Bank vary depending on the quality of your gold. Maximum funding of 70% of your Gold’s market price can be availed.

Q. What is Baroda Gujarat Gramin Bank Gold Loan?

Baroda Gujarat Gramin Bank gives the service of loan against gold for the purpose of fulfilling the requirement of funds of the borrower at a competitive rate of interests for a tenure of your choosing. The bank provides convenient methods for repayment of the loan as well.

Q. What is the Gold Loan interest rate in Baroda Gujarat Gramin Bank?

Rate of Interest charged by the bank on Gold Loan depends upon the amount of the loan that is borrowed. The rate of interest starts at 10.70% per annum.

Q. How to pay Baroda Gujarat Gramin Bank Gold Loan online?

You can repay the Gold Loan using convenient repayment options offered by the bank. For more information on this, you need to visit the nearest bank branch.

Q. How to apply Gold Loan in Baroda Gujarat Gramin Bank?

Applying for the gold loan from Baroda Gujarat Gramin Bank is a hassle-free and easy process. You just need to visit the branch of the bank and fill a form or you can apply for it online through Dialabank.

Q. How to renew Baroda Gujarat Gramin Bank Gold Loan online?

Renewal can be done by visiting the bank and getting the gold revalued at new market prices. You need to carry all loan-related documents with you and complete the process.

Q. How to take Gold Loan from Baroda Gujarat Gramin Bank?

Taking Gold Loan from Baroda Gujarat Gramin Bank is a convenient and quick process. You just need to be eligible for the loan and apply for it either online or offline. The bank gives quick disbursement after approval of the application.

Q. What is Gold Loan in Baroda Gujarat Gramin Bank?

Baroda Gujarat Gramin Bank provides gold loan for fulfilling the urgent requirement of funds of borrowers. The bank gives loans at attractive interest rates and can be used for personal or business use. The bank gives easy repayment options.

Q. How to get Baroda Gujarat Gramin Bank Gold Loan?

Just apply for the loan by visiting the nearest branch or online through Dialabank. Go to the branch and get your gold evaluated. Accept the offer made by the banker and get quick and easy disbursement of funds.

Q. How to check Baroda Gujarat Gramin Bank Gold Loan status?

Checking the status of your loan application can be done by visiting the home branch and contacting the loan officer associated with your file. However, the bank gives quick disbursal after approval and checking the status is only required in a few rare cases.

Q. How to close Baroda Gujarat Gramin Bank Gold Loan?

You can close your Gold Loan once you have completed the payment for the total amount that was due for your loan. The bank releases your gold after verification of your payments.

Q. How to renew Baroda Gujarat Gramin Bank Gold Loan?

The renewal process requires your presence in the bank branch. You need to get the gold revaluated and new terms have to be agreed upon for completing the renewal process.

Q. What happens if someone defaults Baroda Gujarat Gramin Bank Gold Loan?

If someone defaults the payment for the Gold Loan from Baroda Gujarat Gramin Bank the bank charges a penalty fee from the borrower and may also auction the gold for the recovery of the amount.

Q. How many branches of Baroda Gujarat Gramin Bank Gold Loan?

Baroda Gujarat Gramin Bank. Baroda Gujarat Gramin Bank has its presence of 489 branches in 22 districts.

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