Baroda UP Gramin Bank Gold Loan Key Features – Apply Now
| Baroda UP Gramin Bank Gold Loan Interest Rate | 7.25% per annum |
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Baroda UP Gramin Bank Gold Loan Rate Per Gram
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Rate Per Gram is ₹ 3,800 to ₹ 4,350 |
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Baroda UP Gramin Bank Processing Fee
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0.75% of the Principal Loan Amount
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| Baroda UP Gramin Bank Maximum Loan Amount |
Up to Rs. 1 Crore (With Income Proof)
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| Baroda UP Gramin Bank Minimum Loan Amount |
75% LTV
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Baroda UP Gramin Bank Gold Prepayment Charges
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2%+GST (Within 3 Months), 0 (After 3 months)
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Baroda UP Gramin Bank Gold Repayment Tenure
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Up to 36 Months
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Baroda UP Gramin Bank Gold Repayment Scheme
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Bullet Payment Scheme, Overdraft Scheme
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Advantages of Baroda UP Gramin Bank Gold Loan
- Fast Process: UP Gramin Bank Gold Loan is approved and disbursed very quickly and easily. The loan gets passed in an hour.
- Fewer Documents: The documentation process is straightforward and less, vital documents are required.
- Transparent System: The bank provides full transparency to the customer; that is, there are no hidden charges.
- Amount of Loan: The minimum amount of loan that UP Gramin Bank provides to the customer is Rs. 15000. Also, It can be less than Rs 10000 in rural areas.
- Safety of Jewellery: One important thing to note is that the bank is liable entirely for the security of your gold. Thus, the gold is kept in fireproof protection.
- Loan Tenure: The tenure of the loan can be from 3 months to 2 years. Hence, You can choose according to your comforts.
- Benefits for Farmers: UP Gramin bank provides some special offers for agricultural purposes. That is, the bank offers a slightly low Best Gold loan interest rate for a Gold loan for agricultural use.
- No Debt Burden: There can be situations in which an applicant is not able to repay the loan amount in such a case the applicant will not be under debts as the bank will only confiscate the ornaments.
- No Income bounds: There are no restrictions on the salary or income of the applicant; hence, anyone with any income range can avail of a gold loan.
- Foreclosure: Baroda UP Gramin Bank charges the borrower up to 0.50% of the outstanding principal debt in the event of a Gold Loan Foreclosure.
Baroda UP Gramin Bank Gold Loan Per Gram Rate – Jan 2021
| Baroda UP Gramin Bank Gold Loan Rates/ Gram – January 2021 | ||||
| Weight | Loan on 18Cr gold | Loan on 20Cr gold | Loan on 22Cr gold | Loan on 24Cr Gold |
| 1 gm | 2464 | 2746 | 3029 | 3311 |
| 10 gms | 24640 | 27460 | 30290 | 33110 |
| 20 gms | 49280 | 54920 | 60580 | 66220 |
| 30 gms | 73920 | 82380 | 90870 | 99330 |
| 50 gms | 123200 | 137300 | 151450 | 165550 |
| 100 gms | 246400 | 274600 | 302900 | 331100 |
| 200 gms | 492800 | 549200 | 605800 | 662200 |
| 300 gms | 739200 | 823800 | 908700 | 993300 |
| 500 gms | 1232000 | 1373000 | 1514500 | 1655500 |
About Baroda UP Gramin Bank Gold Loan
The Regional Rural Banks (RRB’s) were set up in the country under RRB Act 1976. Bank of Baroda had sponsored 19 Regional Rural Banks in the country of which 7 Regional Rural Banks were in eastern Uttar Pradesh state. The government of India vides its notification on 23 February 2006 amalgamated 7 RRBs of Eastern Uttar Pradesh and two Regional Rural Banks of western U.P namely Bareilly Kshetriya Gramin Bank as well as Shahjahanpurr Kshetriya Gramin bank sponsored by BOB.
Thus emerged two new corporates, i.e. Baroda Eastern Uttar Pradesh Gramin Bank as well as Baroda Western Uttar Pradesh Gramin Bank with their Head Offices in Raebareli and Bareilly respectively. After a short while from this restructuring, govt. Of India vide notification it. 31st March 2008, let the two banks amalgamate to form a new entity called Baroda Uttar Pradesh Gramin Bank with its Head Office in Raebareli. The bank provides financial services to people like personal loan, Best Gold Loan, and Loan against property and many more.
GOLD LOAN @ 0.75%*
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Baroda UP Gramin Bank Gold Loan Eligibility
Primary Eligibility criteria for availing of the Baroda UP Gramin Bank Gold Loan is:
| Age | 18-75 years |
| Requirements | Gold ornaments (18-22 carats) |
| CIBIL score | Above 500 |
| Nationality | Indian |
GOLD LOAN @ 0.75%*
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Baroda UP Gramin Bank Gold Loan At Home
With the changing requirements of the times, Baroda UP Gramin Bank has devised a simple yet effective solution that will simplify your life. Just as you can get groceries, clothes, and other necessities delivered to your door, you can now acquire a gold loan from the comfort of your own home.
Baroda UP Gramin Gold Loan At Home is a one-step option if you are in urgent need of finances, are too busy to visit a bank, or prefer social distancing. The procedure is simple to follow. To apply for a gold loan, you must first contact us by phone. Our executive from the nearest branch will pay you a visit as soon as possible.
Following are some of the benefits of Baroda UP Gramin Gold Loan At Home:
- Faster processing
- Attractive interest rates
- Maximum value of gold
- Flexible repay tenures
- Easy payment options
- No additional charges
- 24*7 customer support
- Full security of the gold
- No hidden fees
- Service at your doorstep within 30 minutes
Baroda UP Gramin Bank Gold Loan Documents Required
Documents required to avail of UP Gramin Bank Gold Loan are :
| Identity Proof | Aadhar Card/Passport/ Voter ID/ Pan Card/ (Anyone) |
| Residence Proof | Aadhar Card /Pan Card/ Ration Card/ Rental Agreement of applicant/ Voter ID card/ Utility Bills on the name of the applicant (Anyone) |
| Agriculture Proof ( if applicable) | Agriculture Land Ownership Proof |
| Photographs | 2 Passport sized colored |
Baroda UP Gramin Bank Gold Loan Interest Rate, Fees and Charges
In general Loan on Gold, credit is available at a low-interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the Gold interest rates are less than that of a personal loan or any other kind of loan. Though the Gold loan rate keeps on changing with the passage of time as well as person to person. The Baroda UP Gramin Bank Gold Loan is available at 1% per month interest rate.
| Gold Loan Rate | 7.25% per annum |
| Processing Fee | 0.75% of the loan amount |
| Loan to Gold value | Up to 75% |
| Pre-payment Charges | 0- 2% |
Types of Baroda UP Gramin Bank Gold Loan
- Agricultural purpose: Baroda UP Gramin Bank offers loans against gold for agrarian purposes at a meagre rate of interest.
- Non-Agricultural purpose: The rate of interest by Baroda UP Gramin Bank are slightly higher for non-agricultural purpose loans.
Baroda UP Gramin Bank Gold Loan Apply Online
- Visit Dialabank‘s website.
- Fill a gold loan application form.
- Our relationship manager will contact you on your provided number.
- With the help of our experts, find and choose the best gold loan for yourself.
Baroda UP Gramin Bank Gold Loan EMI Calculator
| Rate | 6 months | 1 Yr | 2 Yrs | 3 Yrs |
| 7.00% | 17008 | 8652 | 4477 | 3088 |
| 8.00% | 17058 | 8699 | 4523 | 3134 |
| 8.50% | 17082 | 8722 | 4546 | 3157 |
| 9.00% | 17107 | 8745 | 4568 | 3180 |
| 9.50% | 17131 | 8678 | 4591 | 3203 |
| 10.00% | 17156 | 8791 | 4614 | 3227 |
| 10.50% | 17181 | 8815 | 4637 | 3250 |
| 11.00% | 17205 | 8838 | 4661 | 3274 |
| 11.50% | 17230 | 8861 | 4684 | 3298 |
| 12.00% | 17254 | 8885 | 4707 | 3321 |
| 12.50% | 17279 | 8908 | 4731 | 3345 |
| 13.00% | 17304 | 8932 | 4754 | 3369 |
| 13.50% | 17329 | 8955 | 4778 | 3393 |
| 14.00% | 17354 | 8979 | 4801 | 3418 |
| 14.50% | 17378 | 9002 | 4825 | 3442 |
| 15.00% | 17403 | 9026 | 4845 | 3466 |
How to Pay Your Baroda UP Gramin Bank Gold Loan EMI?
- Standing Instruction (SI): for Baroda UP Gramin Bank record holders.
- Electronic Clearing Service (ECS): for non-Baroda UP Gramin Bank account holders.
- Post-Dated Checks (PDC): to enable post-dated EMI cheques from a non-Baroda UP Gramin Bank account.
Baroda UP Gramin Bank Gold Loan Contact Number
For any assistance regarding a gold loan in Baroda UP Gramin Bank, you can contact on the number 9878981144.
Gold Ornaments Accepted by Baroda UP Gramin Bank
All kinds of gold jewellery such as Gold Bangles, Gold rings, Gold anklets, and Gold necklaces, (18-24 carats) all of these are accepted for availing a Gold Loan.
Uses of Baroda UP Gramin Bank Gold Loan
- To finance personal expenses like vacation expenses, tuition fees, etc.
- Finance business needs like buying inventory, plant, etc.
- Gold against the loan for agricultural purposes.
Baroda UP Gramin Bank Gold Loan Agricultural Jewel Loan Scheme
| Scheme | Baroda UP Gramin Bank Agricultural Jewel Loan Scheme |
| Interest Rate | Starting from 7.25% per annum (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 |
Benefits of Baroda UP Gramin Bank Gold Loan Agricultural Jewel Loan Scheme
- There is no processing fee is applicable up to ₹ 25,000
- 0.30% of the loan amount, Minimum of ₹ 300 charge is applicable to the amount ranging from above ₹ 25,000 – less than ₹ 5 lakh
- 0.28% of the credit sum, subject to at least Rs.1,500 is applicable to the amount more than Rs.5 lakh however under Rs.1 crore
Baroda UP Gramin Bank Gold Loan Overdraft Scheme
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at the bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the Baroda UP Gramin Bank online banking portal and from there you can fill out a simple form and get an overdraft under your name
FAQs About Baroda UP Gramin Bank Gold Loan
✅ What is Baroda UP Gramin Bank Gold Loan?
Baroda UP Gramin Bank Gold Loan is a loan against a gold scheme that comes with the maximum funding of 75% of the total market value of your gold. The loan amount can be used for all your personal and business needs. Gold Loan by Baroda UP Gramin Bank is a financial product that can fulfil your short term fiscal requirements. If you are above 18 years and are a permanent resident of the country with possession of gold, you can apply for Baroda UP Gramin Bank Gold Loan.
✅ How can I get a Gold Loan from Baroda UP Gramin Bank?
- Fill in your required information in the gold loan form available on Dialabank.
- Our trained Relationship Manager will help you find the best offers in 2021.
- We will suggest you the loan according to your eligibility.
- Kindly visit the nearest assigned branch by the manager.
- Get the loan in your accounts instantly.
✅ How much Gold Loan can I get per gram in Baroda UP Gramin Bank?
Best Gold Loan Per gram rates in Baroda UP Gramin Bank varies according to the purity of your gold and the current prevailing market rates. ₹ 3,800 to ₹ 4,350 based on the purity of gold is the amount you can get.
✅ What is the Gold Loan interest rate in Baroda UP Gramin Bank?
Baroda UP Gramin Bank Gold Loan interest rates can be as low as 7.25% per annum depending on the amount and the purpose of your loan. They also charge some documentation, valuation, and processing fee from the applicant.
✅ How to calculate Gold Loan Interest in Baroda UP Gramin Bank?
You can easily calculate the gold loan interest rate in Baroda UP Gramin Bank by subtracting the principal amount from the total sum to be paid.
✅ What is the maximum loan amount I can avail myself on Gold Loan from Baroda UP Gramin Bank?
You can get a maximum amount of Rs 1 crore on a Baroda UP Gramin Bank Gold Loan as the bank offers around 75% of the gold ornaments’ market value.
✅ How much is the Processing Fee applicable on Baroda UP Gramin Bank Gold Loan?
A processing fee of 0.75% of the loan amount is charged.
✅ How to pay Baroda UP Gramin Bank Gold Loan Interest online?
For Baroda UP Gramin Bank 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 cannot pay the interest on Baroda UP Gramin Bank Gold Loan for 3 months?
If someone defaults on the payments of Baroda UP Gramin Bank Gold Loan interest for 3 months, a penalty fee will be charged by Baroda UP Gramin Bank. Many defaults can lead to the bank selling off your gold jewellery.
✅ How can I apply for EMI Moratorium on Baroda UP Gramin Bank Gold Loan?
You can apply for EMI Moratorium on Baroda UP Gramin Bank Gold loan online by logging in to the bank’s portal with your credentials or by personally visiting the main branch. The moratorium request should be submitted at least five working days before the due date of your EMI.
✅ What is the Baroda UP Gramin Bank Gold Loan customer care number?
For contacting the Baroda UP Gramin Bank Gold loan customer care just dial 9878981144.
✅ What is the Baroda UP Gramin Bank Gold Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Baroda UP Gramin Bank Gold loan account.
- Pay the pre-closure charges as per Baroda UP Gramin Bank Gold Loan.
✅ What is the Baroda UP Gramin Bank Gold Loan preclosure charge?
Up to 2% preclosure charge before 3 months, after that 0.50%.
✅ What is the Baroda UP Gramin Bank Gold Loan maximum tenure?
The maximum tenure of the Baroda UP Gramin Bank Gold loan is 24 months.
✅ What is the Baroda UP Gramin Bank Gold Loan minimum tenure?
The minimum tenure for the Baroda UP Gramin Bank Gold Loan is 12 months.
✅ What are the foreclosure charges in Baroda UP Gramin Bank Gold Loan?
The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure
