Bank announces Financial Results for quarter/year ended, 31st March 2023.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
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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.
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Frequently Asked Questions (FAQs)
A gold loan is offered by a banking institution to any borrower against collateral, i.e., gold ranging from 18-24 carats of gold. Thereby, the loan amount depends on the quality and purity of gold, which is standardized to be around or less than 80% of the current market value of gold.
Gold loan has an absolute security attached to it. It offers a lower and competitive rate of interest to the borrower; it is sanctioned quickly by banks and does not require income proof to apply for a gold loan.
We collectively offer 2 types of gold loans – Retail Gold Loan and Agri Gold Loan. In each type of loan, a borrower can avail maximum of Rs. 25 lakhs for any purpose, depending on the net weight and purity of gold.
The gold loan process starts when a borrower pledges their gold ornaments or coins to an authorized bank after submitting the required documents. Then, based on the purity of gold the bank sanctions a loan, which is then returned to the lender (bank), including the principal amount and the rate of interest.
An Indian resident, being the true owner of the ornaments, minted coins by banks – is rightfully eligible to apply for a gold loan at Bank of Baroda. Each borrower is allowed to obtain a gold loan against a maximum of 50 grams of gold.
A borrower has multiple options to repay a gold loan. From digitally accepted modes to cash transfer to internet banking (bob World Internet), a borrower has a hoard of options to choose from. Other than this, a borrower can repay with EMIs as well.
A gold loan translates to a secured loan. With a smaller number of documents required, it is the quickest way to obtain a loan to cover medical expenses, education loans, or any other purpose. Bank of Baroda gold loan provides quicker disbursal of loans against minimum of 18 grams of gold.
A bank, generally, allots a due date each month for the borrower to repay their dues. In a case where the borrower is unable to pay off the dues, the bank takes action and begins to charge a higher rate of interest. In further delay of repayment of gold loan – borrower receives a final notice, and the bank auctions/sells the gold to recover the sanctioned loan amount.
An eligible borrower applying for Bank of Baroda gold loan receives a tenure of 12-36 months for Retail Gold Loan. Whereas, with Agri Gold Loan the tenure amounts to 12 months only.
Absolutely, Yes. You have an option open to repay the gold loan amount anytime before the final due date. To know more about the processing charges, if any, please get in touch with the staff at your nearest Bank of Baroda branch.
Offering a gold loan depends on the current market value of the gold pledged to the bank. Basis which they sanction a percentage of gold’s worth to the borrower. For instance, if a bank allows a loan on 80% of the current value of gold, then you are likely to receive not more than 80% of the net worth of the gold. Banks and financial institutions have a pre-decided % for all types of gold loan offered by them.
Bank of Baroda gold loan is easy as it gets! After validating your KYC documents, you should contact the bank for further details. Get Bank of Baroda gold loan in an instant of 15 minutes.
No. Having a guarantor is absolutely not required. The only criteria – be the rightful owner of the gold with supporting documents. That’s all!
Any Indian resident can apply for Bank of Baroda gold loan. To apply, click here (embed a link for digital gold loan) or contact our customer support at (insert phone number), or email us at (insert email address) for the right assistance.
This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.
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