Empowering you to be an Atmanirbhar Woman.

Own the evergreen, traditional ornament of prosperity.

  • Benefits
  • Features
  • Eligibility
  • Repayment Mode
  • Interest rates & charges
  • Most Important Terms and Conditions (MITC)

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. 50 lakhs per customer
  • No processing charges up to Rs. 3 lakhs
  • No pre-closure, or prepayment charges on gold loans
  • 12 months and 36 months EMI scheme options
  • Repayment: 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
  • Gold loan is provided against a minimum of 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.
  • Type of facility: Demand Loan, Over draft and EMI
  • Purpose: Any purpose other than speculation
  • Maximum Limit: Rs 50.00 lakh per customer.
  • Tenure: 12 Months and Max. 36 months for EMI scheme.

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 ROI Effective Rate of Interest
Retail Gold Loan
LA180 (demand loan)
Effective Rate of Interest
LA241 (EMI)
Effective Rate of Interest
OD043 (overdraft)
Effective Rate of Interest

*Subject to change of BRLLR

Processing charges:
Up to Rs 3.00 lakhs NIL
Above Rs 3.00 lakhs up to Rs 50.00 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.

Frequently Asked Questions (FAQs)

  • What is a Retail Gold Loan?

    Specifically, while taking a loan, the borrower fulfills one purpose with the money lent. Whereas, in the case of a retail gold loan, the bank gives a hoard of avenues to the borrower for the loan against gold. The gold pledged can be used for personal uses, such as – purchase of a car, education, marriage, or other expenses except speculation.

  • What is gold loan interest rate?

    Bank of Baroda gold loan interest rate is 9.15%* for demand loan and gold loan on EMI scheme. Whereas it is 9.15%* for overdraft gold loan. *Liable to change as and when the BRLLR changes.

  • How to calculate gold loan interest?

    The gold loan interest rate is calculated on a monthly basis by the lender (bank or NBFC). You can easily check bob gold loan interest rate today with an entire break-up of tenure, interest rate, and eligible loan amount.

  • What are the features of the Retail Gold Loan Schemes?

    An ornament or gold is an asset for a lifetime. At Bank of Baroda, the loan against gold goes up to Rs. 50 lakhs with no processing charges for gold loan up to Rs. 3 lakhs. A list of undeniable features which retail gold loan possesses – instant loan approvals, competitive rate of interest, no pre-closure charges, hassle-free documentation and workable tenure for dues.

  • Are there any EMI options for gold loan?

    Yes. You can opt for EMI to pay the loan dues against gold. Maximum tenure for repayment under EMI scheme – 36 months (3 years).

  • Is gold loan safe?

    Yes, it is safe to apply for a loan against gold. The gold loan interest rate is comparatively lower than other personal loans while a customer gets gold loan as instantly as possible.

  • How much gold loan per gram can I get at BOB?

    At Bank of Baroda, gold loan per gram shifts from day to day in line with the market value of gold. In addition, the gold loan per gram includes 25% margin. You can apply for a gold loan online or visit the nearest branch.

  • How to pay gold loan interest of BOB online?

    We accept all forms of digital payments for gold loan interest, including RTGS, NEFT, through BOB world (Mobile banking) and BOB connect (Internet Banking) etc.

  • How to renew BOB gold loan online?

    Once you reach the end of the tenure, let’s say, 12 months, you can visit the nearest branch for a new mandate on your existing BOB gold loan. Currently, there are no facilities provided to renew it online or digitally.

  • What are documents required to apply for a gold loan?

    You should have your bank account KYC complied, i.e., proof of residence, passport size photographs, proof of signature and proof of identity.

  • What is the kind of security against which I can avail a gold loan?

    The gold deposited at the bank as collateral is the most secure instrument. Gold loan in itself is a secured and most sought-after type of loan.

  • Can I avail a loan against my Gold Bullion (coins, gold bars, or gold biscuits)?

    No. The banks do not have a provision for accepting gold bars or coins for loan against gold. Although, institutions accept minted gold coins issued by banks – where each person has a pre-decided limit of 50 grams of gold.

Add this website to home screen

Are you Bank of Baroda Customer?

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.

The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.

Proceed to the website

Thank you for visiting www.bankofbaroda.in

We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.