Bank of Baroda offers Gold Loan to its consumers under two different schemes. While one scheme is a term loan the other is offered as an overdraft facility. Both the loans have several features which should be studied in detail.

Bank of Baroda Latest Gold Loan Interest Rates and Processing Charges:

Interest
11.65% p.a (BR+2.00%)

Base Rate (BR):
9.65%

Advance Amount
Rs. 25,000 – 10,00,000/ -

Eligibility
All people who are proprietors of the Gold Ornaments/Jewelleries

Margin Advance Against Gold Coins, Gold Ornaments/Jewellery will be 25% (i.e.loan to esteem not surpassing 75%) for credit offices upto Rs 3.00 lacs and 35% for credit offices surpassing Rs 3 lacs

Repayment
Maximum 36 months

Handling Charges
0.50% or more administration assessment

Archives Required
Marked Application Form

2 Passport Size Photographs

ID and Address Proof

Note: The loan costs and handling charges are liable to change without earlier notice. For Latest Bank of Baroda Gold Loan Interest Rates Visit Bank of Baroda Website.