How To Get Gold Loan From Bank Of Baroda Online | Bob Gold Loan Per Gram | Bank Of Baroda Gold Loan Scheme | Bank Of Baroda Gold Loan Interest Rate Calculator | બરોડા રીટેઈલ ગોલ્ડ લોન
Sometimes if rupees are needed for a short period of time. And if there is gold in the house, gold loan remains the best option. Sometimes rupees are suddenly needed for a short period of time. At that time people mostly take gold or personal loan. However, compared to personal loans, gold loans are available more easily and at lower interest rates, and flexible repayment options are also available.
All government banks of the country offer gold loans at attractive rates. Through this How To Get Gold Loan From Bank Of Baroda Online article, we will get information about how to get Baroda Gold Loan, how much interest rate is charged on it?, what documents are required etc.
How To Get Gold Loan From Bank Of Baroda Online
How To Get Gold Loan From Bank Of Baroda Online: Gold investment is considered to be the safest option. It can be used for education, medical, marriage or to meet the need of money at the time of emergency. Gold Loan is the easiest and best option for those who need money immediately. Gold loans are easy to get compared to other loans and there is less paperwork involved.
Usually banks and financial institutions offer gold loans. You can take up to 75% of the value of the mortgaged gold as a loan. However it depends on the purity of the gold and other criteria. Demand for gold loans is increasing due to schemes and short term availability.
Empowering women’s financial needs and positively supporting their entrepreneurial skills. At Bank of Baroda, provide instant retail gold loans to women at concessional rates of up to 0.40% ROI. Get a secured loan on EMI with a repayment term of up to 36 months.
Highlights of How To Get Gold Loan From Bank Of Baroda Online
| Name of Article | How To Get Gold Loan From Bank Of Baroda Online |
| Article sub-information | Information about BOB Gold Loan Online |
| Language of Article | English |
| Purpose of the Article | Purpose of providing BOB Gold Loan information |
| Official Website | Click Here |
| Homepage | Click Here |
Baroda Gold Loan
Bank of Baroda provides many types of loan facilities to its customers. It also gives loans against gold or gold jewellery. BOB Bank offers two types of gold loans : (1) Baroda Retail Gold Loan, (2) Baroda Agri Gold Loan. Here we will know in detail about Baroda Retail Gold Loan.
Baroda Retail Gold Loan : Benefits
How To Get Gold Loan From Bank Of Baroda Online: Baroda Retail Gold Loan offers the following benefits:
- A guarantor is not required in gold loans.
- Easily converted to cash.
- No proof of income required.
- Protection of your gold ornaments and coins.
- Loans are not linked to CIBIL score.
- Minimal paperwork and fast processing.
Baroda Retail Gold Loan – Features
How To Get Gold Loan From Bank Of Baroda Online : The following features are found:
- Maximum loan up to Rs 25.00 lakh per customer.
- No processing charges up to Rs 3.00 lakh.
- No pre-closure, prepayment charges.
- Maximum tenure from 12 months to 36 months (EMI Scheme).
- Repayment : Monthly/Quarterly/Half-yearly installments or bullet payments as per the monthly interest paying capacity of the borrower.
- Gold Loan Min. 18 carat gold jewellery/jewelry.
- Loans for purposes other than speculation.
Baroda Retail Gold Loan – Eligibility
- All persons are the beneficial owners of gold ornaments/jewellery and specially minted gold coins sold by banks (up to a maximum of 50 grams per borrower).
- Applicant must be a resident of India.
Baroda Retail Gold Loan : Repayment Mode
- Interest on monthly basis. The principal will be repaid through bullet payments at any time during the loan period.
- EMI – EMI on monthly basis.
Baroda Home Loan : Interest rates
| Product | Conditions | Effective Rate of Interest |
| Baroda Retail Gold Loan | Retail – Demand and EMI scheme (Up to Rs. 25.00 lakhs) | 9.75% |
| Retail – Over draft scheme (Up to Rs. 25.00 lakhs) | 9.85% |
Baroda Home Loan : Charges
| Up to Rs 3.00 lakhs | Nil |
| Above Rs 3.00 lakhs up to Rs 25.00 lakhs | Applicable charges +GST |
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