Interest Rate & Loan Details

• Interest Rate: Starting from 7.00% p.a. (subject to Bank of Baroda’s policy)
• Loan Amount:
  • Minimum: ₹10,000
  • Maximum: ₹25 lakh (or as per bank guidelines)
• Loan Tenure: Up to 36 months
• Processing Fee: 0.50% of the loan amount
• Pre-closure Charges: Nil or as per bank policy
• Loan-to-Value (LTV) Ratio: Up to 75% of the pledged gold’s market value

Purpose of Gold Loan

Bank of Baroda Gold Loans can be availed for various financial purposes, such as:

• Personal expenses
• Medical emergencies
• Educational purposes
• Business needs
• Agricultural requirements

Eligibility Criteria

To qualify for a Bank of Baroda Gold Loan, you must meet the following eligibility criteria:

• Age: Minimum 18 years
• Gold Ownership: Should own gold jewelry or coins (excluding those embedded with gemstones)
• KYC Compliance: Must provide valid identity and address proofs
• Landholding Documents: Required for agricultural loans above ₹1 lakh

Documents Required

Applicants need to submit the following documents:

• Application Form: Duly filled and signed
• Identity Proof (Any one): Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License
• Address Proof (Any one): Aadhaar Card, Utility Bills, Ration Card, or Lease Agreement
• Photographs: Two passport-size photos
• Landholding Documents: For agricultural loans exceeding ₹1 lakh

Loan Amount & Security

• Minimum Loan Amount: ₹10,000
• Maximum Loan Amount: ₹25 lakh
• Loan Security: Pledged gold jewelry or coins (excluding those embedded with gemstones)

Repayment Options

• EMI-Based Repayment: Pay fixed monthly installments over the loan tenure.
• Bullet Payment: Pay periodic interest and repay the principal at the end of the term.

Charges & Fees

• Processing Fee: 0.50% of the loan amount
• Gold Valuation Fee: As per bank or third-party valuation
• Prepayment Penalty: As per Bank of Baroda policy
• Late Payment Penalty: Applicable for delayed EMI or interest payments

Key Considerations Before Applying

• Gold Quality: Only gold with purity between 18 and 22 carats is accepted.
• Loan Terms: Carefully review the terms and conditions before signing the loan agreement.
• Gold Security: Non-repayment may lead to auctioning of the pledged gold.

Benefits of Bank of Baroda Gold Loan

• Quick Disbursal: Receive the loan amount within a few hours after approval.
• Low Interest Rates: Starting from 7.00% p.a.
• High LTV Ratio: Avail up to 75% of your gold’s market value.
• Flexible Repayment Options: Choose from EMI-based or bullet repayment plans.
• No Guarantor Required: The gold you pledge serves as the collateral.

Contact Bank of Baroda

• Head Office Address:
  Bank of Baroda, Baroda House,
  Mandvi, Vadodara – 390001
• Customer Care Number: 1800 102 4455
• Email: customercare@bankofbaroda.com
• Official Website: www.bankofbaroda.in

Disclaimer: The above information is subject to change. For the latest updates, please refer to the official Bank of Baroda website or contact your nearest branch.