Interest Rate & Loan Details

• Interest Rate: Starts from 8.90 percent per annum for demand, EMI and overdraft schemes
• Loan Amount:
  • Minimum: 25,000
  • Maximum: 50 lakh
• Loan Tenure: 12 months for demand/overdraft; up to 36 months for EMI scheme
• Processing Fee: Nil for loans up to 3 lakh; thereafter fee applicable
• Valuation Charges: 0.50 per 100 of net gold value (min 25; max 350)
• Prepayment Charges: None
• Loan-to-Value Ratio: Maintained at 75 percent

Purpose of Gold Loan

• Personal use
• Education or wedding expenses
• Medical emergencies
• Business working capital
• Seasonal or agricultural needs

Eligibility Criteria

• Age range: 18 to 75 years
• Pledge of 18-carat gold jewellery or bank-specified gold coins
• Valid KYC documents for identity and address proof

Documents Required

• Completed application form with photograph
• Identity proof (Aadhaar, PAN, Passport, etc.)
• Address proof (utility bill, Aadhaar, etc.)

Repayment Options

• Demand Loan/Overdraft: Up to 12 months
• EMI Scheme: Up to 36 months
• Bullet Repayment: Interest plus principal at end of tenure

Charges & Fees

• Processing Fee: Waived for loans up to 3 lakh; charges apply thereafter
• Valuation Charge: As stated above
• No Prepayment Fee: Early closure is free

Key Considerations

• Only 18-carat or above jewellery is accepted
• Gold pledged is securely stored in bank vaults
• Default may result in gold auction

Benefits of Bank of Baroda Gold Loan

• Attractive low interest rate
• No processing fee for smaller loans
• Flexible tenure options
• No prepayment penalty
• Quick disbursal and no need for guarantors

Contact Bank of Baroda Coimbatore Branch

• Visit: Any local branch or the service branch
• Website: bankofbaroda.in