Need a solution to meet your small business or any urgent need? Bank of Baroda gold loan is your safe and definitive route to meet emergency short-term assistance round the year. Avail instant Gold Loan from Bank of Baroda of any type – which suits your repayment tenure.
Agri Gold Loan
Looking to expand the roots of your agriculture business and allied activities? Apply for an instant Bank of Baroda agriculture gold loan online to enjoy up to 12 months of repayment tenure We, at Bank of Baroda, provide instant Agri gold loan at concessional ROI of up to 0.25% to women. Get instant Agri gold loan, with us, today!
Agri Gold Loan : Features
- Maximum Loan up to Rs. 25.00 lakh per customer.
- No processing charges up to Rs. 3.00 Lakh.
- No pre closure, prepayment charges.
- Easy repayment tenure Maximum 12 months.
- Gold Loan to min. 18 carat Gold Jewellery/Ornaments.
- Loan to any Agriculture and Allied activities purpose other than speculation.
Agri Gold Loan : Eligibility
All individuals being true owner of the gold ornaments/jewellery & specially minted Gold coins sold by the Banks (Maximum up to 50 gm per borrower). The applicant must be Indian resident.
Agri Gold Loan : Repayment Mode
Repayment schedule will be as per the income generation of the borrower. In the repayment clause, the interest/principal servicing be synchronized with the harvest of crop and cash flow, depending on the activity of the borrower.
For advances other than crop loan, the loan should be repaid in monthly/quarterly/half yearly instalments with maximum moratorium period of 12 months as per cash accrual. However, the period of loan should not exceed 12 months. .
Agri Gold Loan : Interest Rates & Charges
| Sector | Up to Rs. 3.00 Lakhs | Above Rs. 3.00 Lakhs and up to Rs. 10.00 Lakhs | Above Rs. 10.00 Lakhs and up to Rs. 25.00 Lakhs |
|---|---|---|---|
| Agri | 1 year MCLR | 1 year MCLR+S.P | 1 year MCLR+S.P+0.25% |
| Other Priority | 1 year MCLR+S.P | 1 year MCLR+S.P+0.25% | 1 year MCLR+S.P+0.50% |
* Subject to change of MCLR.
Processing charges.
Up to Rs 3.00 Lakhs – NIL
Above Rs 3.00 Lakhs up to Rs 25.00
Lakhs – Applicable charges + GST.
Security
Secured by min. 18 carat Gold Jewellery/Ornaments
Pre closure / Pre payment
Agri Gold Loan : Most Important Terms and Conditions (MITC)
Maximum Limit:
Rs.25.00 lakhs per borrower.
Tenure:
12 months
Repayment Mode:
Repayment schedule will be as per the income generation of the borrower. In the repayment clause, the interest/principal servicing be synchronized with the harvest of crop and cash flow, depending on the activity of the borrower.
For advances other than crop loan, the loan should be repaid in monthly/quarterly/half yearly instalments with maximum moratorium period of 12 months as per cash accrual. However, the period of loan should not exceed 12 months.
Processing charges:
Up to Rs 3.00 Lakhs– Nil
Above Rs 3.00 Lakhs up to Rs 25.00 Lakhs– Applicable charges + GST.
Security Secured by min. 18 carat Gold Jewellery/Ornaments.
Pre closure / Pre payment: NIL
Retail Gold Loan
To entrust women’s financial needs and positively support their entrepreneurial skills. We, at Bank of Baroda, provide instant retail gold loans at concessional ROI of up to 0.40% to women. Get safe loans with up to 36 months of payback tenure on EMI.
Retail Gold Loan : Benefits
- Guarantor is not required in Gold Loans.
- Easily convertible into cash.
- Income proof not required.
- Security of your Gold Ornaments /Jewellery/Coins.
- Pricing not linked to CIBIL score.
- Minimal Paperwork and faster processing.
Retail Gold Loan : Features
- 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 up to 36 months (EMI scheme).
- Repayment :Monthly/ Quarterly/ Half-Yearly instalment or bullet repayment as per the repayment capacity of the borrower monthly interest as and when charged is required to be serviced
- Gold Loan to min. 18 carat Gold Jewellery/Ornaments.
- Loan to any purpose other than speculation.
Retail Gold Loan : Eligibility
All individuals being true owner of the gold ornaments/jewellery & specially minted Gold coins sold by the Banks (Maximum up to 50 gm per borrower). The applicant must be Indian resident.
Retail Gold Loan : Repayment Mode
Interest on monthly basis. The principal will be repaid by way of bullet payment at any time during the tenure of the loan.
EMI – EMI on monthly basis.
Retail Gold Loan : Interest rates & charges
| Product | Conditions | Repo Rate + Spread | Effective Rate of Interest |
|---|---|---|---|
| Retail Gold Loan | Retail – Demand and EMI scheme (Up to Rs. 25.00 lakhs) | BRLLR + SP + 1.00 % | 9.70% |
| Retail – Over draft scheme (Up to Rs. 25.00 lakhs) | BRLLR + SP + 1.10 % | 9.80% |
Processing charges:
| Up to Rs 3.00 lakhs | NIL |
| Above Rs 3.00 lakhs up to Rs 25.00 lakhs | Applicable charges +GST |
Security :
Secured by minimum 18 carat Gold Jewellery / Ornaments.
Pre closure / Pre payment:
Retail Gold Loan : Most Important Terms and Conditions (MITC)
- No Loan will be granted to third party.
- Pledge of jewellery from pawn brokers is prohibited.