Bank of Baroda Retail
Gold Loan

Bank Profile and Loan Eligibility

Canara bank is a public sector bank.
It is listed on BSE and NSE.
It was incorporated in 1908.
It is headquartered in Alkapuri, Vadodara.
Any individual owning specially minted gold coins sold by any Bank Gold Ornaments
Applicant should be above 18.
Retail Gold Loan provides competitive interest rates with the added benefit of women's rates..

Interest Rate:

Demand Loan:7.75% (BRLLR+SP+1.00%)

Overdraft:7.85% (BRLLR+SP+1.10%)

EMI:7.75% (BRLLR+SP+1.00%)

Maximum loan upto INR 25.00 Lakh

Repayment Mode:

Interest accrues each month. The loan's principle can be returned in full at any moment by making a bullet payment.
EMI – EMI on monthly basis.

Type of Facility:

Processing Fee

Prepayment Charges

Nil

BRLLR

Baroda Repo Linked Lending Rate-6.50%

Loan Limit

Loan available upto INR 25 Lakh

Tenure

12 to 36 months

Quality

The quality of Gold should be minimum 18 carat

Late Payment Charges

2% p.a. + Applicable

rate of interest.

Purpose

Any other reason than speculation

Eligibility

Repayment Type

Safety of Jewellery

Bank of Baroda is accountable for the security of your gold

Loan to Value Ratio

75%

Passport-size photos taken recently
Completed and signed application form
Any of the following papers can be used as proof of identity: PAN card, passport, voter ID, driver's licence, or Aadhaar card.
Any of the following documents can be used as proof of residency: ration card, passport, current utility bills, or Aadhaar card.