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Gold loans are one of the most accessible types of loans available in India, considering the amount of investments Indian households make in gold. Bank of Baroda is one of India’s leading banking institutions that offers gold loans at affordable interest rates.

Key Highlights of Bank of Baroda Gold Loan

Key Highlights of Bank of Baroda Gold Loan

Maximum Loan Amount 

₹50 Lakhs per customer


EMI or lump sum, the interest is compounded monthly. 

Maximum Tenure

36 Months

Schemes Offered

  • Retail Gold Loans 

  • Agri Gold Loans

Features and Benefits of Bank of Baroda Gold Loan

Getting a gold loan from Bank of Baroda is a great way to fund your expected and unexpected expenses such as medical emergencies, education costs, wedding expenses, etc. Here are some of the features and benefits of a Bank of Baroda Gold Loan.

Maximum Loan Amount

You can get a maximum loan of ₹50 Lakhs. 

No Additional Charges

There will be no processing fees levied for loans of up to ₹3 Lakhs. Additionally, you will not be charged any pre closure or prepayment charges.

Flexible Tenure

You can choose a tenure between 12 months and 36 months when you opt for the EMI scheme. 

Easy Repayments

You can choose between monthly, quarterly or half-yearly instalments as per your convenience. Alternatively, you may also make bullet repayments if you can afford to do so. 

Simple Procedure

You do not need a guarantor or income proof to apply for a BoB gold loan.

Safe and Secure Option

Bank of Baroda gold loan is a great option as it ensures safe and secure storage of your gold ornaments.

Minimal Paperwork

The Bank of Baroda gold loan requires very little paperwork. 

Types of Bank of Baroda Gold Loan Schemes

There are two types of Bank of Baroda Gold Loan Schemes that you can choose from, they are as follows: 

  • Retail Gold Loan 

Under the Retail Gold Loan scheme, you can get a loan of up to ₹50 Lakhs for demand loans, overdrafts and EMIs. The maximum tenures can range from 12 months to 36 months. 

  • Agri Gold Loan

Under the Agri Gold Loan, you can take up loans primarily to fund agricultural and other allied activities. You may also apply for this loan if you’re engaged in other priority sectors. You may take up a loan of up to ₹50 Lakhs under this scheme. The maximum tenure is 12 months. 

Bank of Baroda Gold Loan Interest Rate

Here are the details regarding the gold loan interest rates offered by Bank of Baroda. 

Retail Gold Loan Interest Rates



Effective Rate of Interest

Retail Gold Loan ( Valid till 31/03/2023 )

Retail – Demand and EMI scheme (Up to ₹50.00 Lakhs)


Retail – Overdraft scheme (Up to ₹50.00 Lakhs)


*Subject to change in BRLLR. 

Agri Gold Loan Interest Rates


Up to ₹3.00 Lakhs

Above ₹3.00 Lakhs and up to ₹10.00 Lakhs  

Above ₹10.00 Lakhs and up to ₹50.00 Lakhs

Agri (Valid Up to 31/03/2023)

1 year MCLR  

1 year MCLR

1 year MCLR

Other Priority

1 year MCLR+S.P  

1 year MCLR+S.P+0.25%

1 year MCLR+S.P+0.50%

*Agri Gold Loan interest rates start at 7.35%. However, this is subject to change in MCLR.

Bank of Baroda Gold Loan Fees charges

Here are the fees and charges charged by Bank of Baroda on their gold loans. 

Retail Gold Loan Processing charges

Loan Amount 

Processing Fees and Charges

Up to ₹3 Lakhs


Above ₹3 Lakhs and up to ₹50 Lakhs

Applicable charges + GST

Agri Gold Loan Processing Charges

Loan Amount 

Processing Fees and Charges

Up to ₹ 3 Lakhs


Above ₹ 3 Lakhs and up to ₹50 Lakhs

Applicable charges + GST

Bank of Baroda Gold Loan EMI Calculator

Bank of Baroda gold loan EMI calculator is a great way to calculate your EMI payments and plan your finances better. All you need to do is input your loan amount, rate of interest, loan tenure and that’s about it! You’ll be presented with EMI estimates that will help you plan out your finances. 

Bank of Baroda Gold Loan Eligibility Criteria & Documentation

1. Eligibility Criteria 

Here’s the eligibility criteria for Bank of Baroda gold loan: 

  • Applicant must be the true owner of gold jewellery, ornaments and/or specially minted gold coins

  • Applicant must be a citizen of India

  • Applicant must be KYC-compliant

2. Documents Required

Here are the documents required to apply for a Bank of Baroda gold loan: 

  • Identity Proof - this can include government issued documents such as passport, PAN card, driving licence, voter ID, or Aadhaar card

  • Proof of Residence - this can include passport, ration card, recent utility bills or Aadhaar card

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How to Apply for Bank of Baroda Gold Loan

You can apply for a Bank of Baroda gold loan by visiting your nearest Bank of Baroda branch or you may apply online. Applying for the Bank of Baroda gold loan is simple and can be done from the comfort of your home. 

Online Application Process: 

  • Step 1: Start by visiting the Bank of Baroda website.

  • Step 2: Sign up/log-in and enter the OTP.

  • Step 3: Enter all required information.

  • Step 4: Click on ‘Proceed’.

  • Step 5: Fill the form with all the required details.

How to Repay Bank of Baroda Gold Loan

You can choose to make EMI payments or lump sum payments depending on which scheme you choose. Interest will be accrued on a monthly basis. The principal, on the other hand will have to be repaid through bullet payment at any time during the loan tenure. 

You can choose to make your EMI/lump sum payments both online or offline. You can make online EMI payments by logging into your Bank of Baroda loan account and making online payments through your preferred payment gateways.

Bank of Baroda Gold Loan Interest Rate Comparison

Here’s a table showing the gold loan interest rates of leading banks and non-banking institutions to help you compare and make an educated decision. 


Rate of Interest 

Bank of Baroda 

8.85% onwards

Union Bank of India

7.90% - 10.05%


8.00% - 8.70%

Bajaj Finserv 

9.5% - 28%

HDFC Bank 

7.60% - 17.05%

Indian Bank 

9% - 10.15%


10% - 17.95%

Kotak Mahindra Bank

8% - 17%

Axis Bank 

17% - 19%

*These rates are subject to change at the discretion of the bank/NBFC. 


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on Bank of Baroda Gold Loan

Bank of Baroda offers demand gold loans. 


You may use the Bank of Baroda retail gold loans for general needs like education, home improvements, etc. You cannot, however, use your BoB gold loans for speculative motives.


The maximum repayment period for Bank of Baroda Gold loans can go up to 36 months.

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