BOB Gold Loan Interest Rate | Process, Eligibility | Bank of Baroda Gold Loan (Agriculture, Housing)

BOB Gold Loan Interest Rate

Bank of Baroda provides loan facilities to its customers against the gold jewelry/ornaments. The person must be a minimum 18 years to avail the loan, and the maximum Bank of Baroda Gold Loan will be provided for Rs.10 lakh. Individuals can apply for the said loan either by online or offline mode. The complete process, eligibility terms along with details of BOB Gold Loan Interest Rate have been provided below.

SBI Gold Loan Interest Rate

Priority Customers

Individuals falling under the following categories are priority customers

  • Agriculture
  • Micro
  •  Small and Medium Enterprises
  • Export Credit
  • Education loan to individuals including vocational courses
  • Housing
  • Social Infrastructure
  • Renewable energy

Non-priority Customers

Salaried Persons, joint borrowers, businessman(owners), etc

BOB Gold Loan Interest Rate

For Priority SectorsOverdraft
Short term crop loan up to Rs 3 lakh: 1 MCLR+SP Rs 3 lakh-Rs 10 lakh-: 8.65%-10.10 % (1yr MCLR+SP+0.25%) Rs 10 lakh-Rs 25 lakh: 1yr MCLR+SP+0.50%BRLLR +SP+1.75%

ICICI Bank FD Rates 2020, Features, Benefit

Processing charges

For Priority Sectors

  • Up to Rs 3 lakh- Nil
  • Above Rs 3 lakh- 0.25% of the loan amount + GST

For Overdraft gold loan facility

  • Up to Rs 25,000- Nil
  • Above Rs 25,000 to Rs 5 lakh- 0.50% (minimum Rs 500 and maximum Rs 2500)
  • Above Rs 5 lakh- 0.50% (maximum Rs 3500)

BOB Gold Loan -Eligibility

  • Individuals who have age between 18 years-70 years and have gold jewelry or ornaments are eligible.
  • Loan amount- Up to Rs.25 Lakh

BOB Gold Loan -Features

  • The person who wants to avail loan must have the gold of 18Karatpurity.
  • If the loan is availed for the agriculture purpose, the bank will not charge the processing charges for the loan up to Rs 3 lakh.
  • There will No pre-payment/pre-closure charges.

Documents Required

  • Identity and address proof
  • Proof of agriculture land record/cultivation
  • Latest 02 passport size photograph

BOB Home Loan

Procedure To Apply For BOB Gold Loan

Miss call service

A person can easily apply for the BOB gold loan by just giving a miss call on 8467001144. You will get the call back from the bank for the further process.

Apply Online

  • First of all Press here
  • Now you will get a page as shown below.
  • Provide all the details correctly.
  • After filing the details, press the “Submit” button.
  • You will be contacted by the bank for further process.

Apply Offline

  • Visit the nearest BOB branch.
  • Fill the application form for the gold loan.
  • Submit the form with the required document.
  • After verification, you will get the loan amount.

Bank Of Baroda Recurring Deposit Interest Rate

How To Re-pay Bank of Baroda Gold Loan

You can simply repay the loan by two ways that are either by EMIs option OR pay the entire lump sum along with the principal at the end of tenure. After clearing all the dues and repayment of the loan to the bank you will give your gold ornaments to you.

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Munendra Singh

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