# **Canara Bank Gold Loan Interest Rates**

Canara Bank offers a gold loan scheme, popularly referred to as the Swarna Loan. This loan provides financial assistance by leveraging the value of your gold assets. With attractive features such as competitive interest rates and minimal processing charges, the scheme provides you with accessibility and convenience. Let’s learn all the details about this loan.

## **Canara Bank Gold Loan Details**

The gold loan from Canara Bank is relatively lower compared to unsecured loans. This rate ensures affordability and makes it a viable option for you if you are seeking funds against gold assets:

* **Canara Bank gold loan interest rate:** 9.25%

* **Loan amount:** Rs. 5,000 \- Rs. 35,00,000

* **Age limit:** From 18 years

* **Tenure:** 1 year

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## **Features of Canara Bank Gold Loan Schemes**

* **Quick processing:** Minimal documentation ensures a hassle-free application process. This allows you to access funds quickly. 

* **Affordable interest rates:** Offers competitive rates to make the loan affordable and reduce financial burden. 

* **Multipurpose interest rates:** You can use the loan for various needs, such as medical expenses, education, or business, subject to bank guidelines.

* **Flexible loan amount:** You can avail loan amounts ranging from Rs. 5 thousand to Rs. 35 lakh based on the gold’s value. 

* **Low processing fee:** The processing fee is nominal, making the loan accessible to a wide range of customers. 

* **Flexible repayment option:** The loan can be repaid within one year, and the interest is payable at maturity. 

* **No guarantor required:** Simplifies the process by eliminating the need for a guarantor. 

## **Canara Bank Gold Loan Rate Per Gram**

Canara Bank gold loan interest rate per gram is Rs. 3,725 to Rs. 4,000. This rate changes with the fluctuation of the value of gold. 

## **Canara Gold Loan Interest Rate**

This bank provides competitive interest rates on its three types of gold loans:

* **Swarna Loan:** 9.25%

* **Swarna Express:** 9.25%

* **Sharna Overdraft:** 9.25%

Apart from this, you have to pay Canara Bank gold loan appraiser charges (payment done to lenders for analysing the worth of the pledged gold). This value differs among individuals based on their gold assets. 

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## **How to Calculate Gold Loan Interest in Canara Bank?**

To calculate the interest rate on your Canara Bank gold loan EMI (equated monthly instalment), you can use the following formula:

EMI \= P x R x (1+R)^N / (1+R)^N \- 1

Where:   
P \= Loan amount  
R \= Rate of Interest (per month)  
N \= Loan tenure (in months)

For example, let’s say you take a gold loan of Rs. 60,000 at an annual interest rate of 9.25% for a tenure of 1 year. Using the formula:  
P \= Rs. 60,000  
R \= 0.7708%  
N \= 12 months

The EMI can be calculated as approximately Rs. 5,245. This formula helps you estimate the monthly repayment and plan finances effectively. 

## **Canara Bank Gold Loan Eligibility**

To avail of the Canara Bank gold loan, you must meet the following criteria:

* Indian residents aged 18 or above with a steady income source. 

* Existing Canara Bank account holders are eligible.

* New customers can also apply but must provide proof of creditworthiness. 

## **Documents Required for Canara Bank Gold Loan**

Applicants need to submit the following documents:

* **Loan application form:** Filled and signed.

* **KYC documents:** Includes Aadhaar, PAN, Voter ID, or Passport.

* **Proof of income:** Latest salary slip, form 16, or recent bank statement. 

* **Gold appraisal certificate:** Arranged by Canara Bank to assess the gold’s value.

## **Processing Charges of Canara Bank Gold Loan Scheme**

Canara Bank gold loan processing fee is reasonable and as follows:

* **Swarna loan:** 0.5% of the loan amount. Minimum Rs. 500 and maximum Rs. 5,000.

* **Swarna Express:** Processing charges are discounted by 50%.

* **Swarna Overdraft:** 0.5% of the loan amount, with the same minimum and maximum limits as the Swarna loan. 

## **Canara Bank Interest Rate Compared to Other Lenders**

The gold loan interest rates from Canara Bank start at 9.25%, making it one of the most competitive rates in the market. Compared to other banks:

| Bank | Interest rates |
| :---- | :---- |
| Axis bank | 9.35% onwards |
| HDFC bank | 9.30 onwards |
| Muthoot Fincorp | 11.99% onwards |


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## **How to Apply for Canara Bank Gold Loan Schemes**

To apply for the loan, follow these steps:

1. Visit the nearest Canara Bank branch. 

2. Consult a bank representative who will guide you through the application process.

3. The bank will arrange for a certified appraiser to evaluate your gold items. 

4. Based on the appraisal, the maximum loan amount will be determined. 

5. Upon approval, the loan amount will be disbursed promptly. 

## **How to Pay Canara Bank Loan?**

Canara Bank offers a convenient Bullet Repayment Method for gold loan repayment:

1. You can repay the entire principal and accumulated interest at the end of the loan tenure (up to 12 months).

2. Interest is calculated monthly and added to the principal amount.

3. Customers can choose the loan tenure based on their repayment capacity, ensuring flexibility. 

This repayment method provides financial ease, as you are not required to make monthly payments. 

## **How to Close Canara Bank Gold Loans?**

Closing your Canara Bank gold loan involves completing the repayment of the outstanding amount within the agreed tenure. The process is simple and borrower-friendly:

* Opt for the Bullet Repayment Method, where the entire principal and interest amount is paid at the end of the tenure, typically within 12 months.

* Interest is calculated monthly and added to the principal amount. This makes it essential to plan repayment carefully to avoid financial strain. 

* Choosing a tenure that aligns with your repayment capacity can ease the process and maintain your financial health. 

This flexible repayment structure is designed to accommodate your convenience and financial needs.

## **Canara Bank Gold Loan Contact Number**

For any queries or assistance regarding Canara Bank gold loans, you can contact their customer support team through the following numbers:

* Toll-free number: 18001030

* Other contact numbers: 080-22115526 / 080-22221581

The bank’s representatives are available to guide you through the loan application process, answer questions about the loan, and resolve any concerns. 

## **Conclusion** 

A gold loan from Canara Bank is a reliable and accessible financial solution for various needs. With competitive interest rates, flexible repayment options, and prompt customer support, it ensures you can achieve your financial goals without unnecessary hassle. 

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Canara Bank Gold Loan, Gold Loan, Canara Bank Gold Loan Interest Rate

Canara Bank Gold Loan per gram in 2024 | IndiaGold 

Canara Bank Gold Loan Per Gram Rate of Today is ₹ 3,725 to ₹ 4,000. Get a better Per gram rate of ₹4,293 - ₹4,865 & interest rate of just 0.77%* per month at Indiagold.

Canara Bank Gold Loan per Gram Rate in 2024 

# **Indian Overseas Bank Gold Loan Interest Rates**

Indian Overseas Bank’s Gold Loan is a reliable financial solution for those seeking quick funds by leveraging their gold assets. The competitive rates jewel loan interest rate in IOB along with flexible repayment options and various schemes, ensures affordability and convenience. Let’s take a closer look into the details, benefits, and application process to help you make informed decisions.

## **Indian Overseas Bank Gold Loan Details**

Indian Overseas Bank gold loans provide an easy and secure financing solution by allowing you to pledge your gold. 

* **Loan amount:** Up to Rs. 50 lakhs

* **Purpose:** For agricultural, personal, or business needs

* **Tenure:** 6 to 60 months

* **Interest rates:** 7.00% to 11.45% per annum as per chosen scheme

## **Features of Indian Overseas Bank Gold Loan Schemes**

* **Loan amount:** Flexible borrowing limits range from Rs. 25,000 to Rs. 50,000. 

* **Low processing charge**: IOB gold loan processing fee ranges between 0.15% to 0.30%, ensuring cost-effectiveness.

* **Attractive interest rates:** Some schemes have rates as low as 7% per annum.

* **Quick disbursement:** Get funds quickly with minimal process time.

* **No prepayment charges:** You can repay your loan early without any penalties.

* **Flexible tenure:** Choose repayment terms between 6 months and 60 months.

* **No documentation fees:** Save on additional costs as there are no documentation charges. 

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## **Indian Overseas Bank Gold Loan Schemes**

Indian Overseas Bank provides a variety of gold loan schemes to meet diverse financial needs. Each scheme is designed to cater to specific customer needs while ensuring flexibility and ease:

* **KCCJL (Agricultural jewel loan):** Designed for short-term agricultural requirements with bullet repayment (single lump-sum repayment during maturity) within a year. 

* **AGTAJ (Agricultural term loan- jewellery):** Offers loans up to Rs. 50 lakhs for agricultural investments, with repayment periods of up to three years. 

* **JL- Others (Jewel loan):** For non-agricultural purposes, with a focus on flexibility and affordability. 

* **SME gold:** Tailored for MSMEs, offering loans up to Rs. 50 lakhs with bullet repayment options. 

* **IOB Swarnalakshmi:** Exclusively for women borrowers, offering loans up to Rs. 5 lakhs along with free accidental insurance. 

* **IOB Swarna Samridhi:** Supports agricultural development with loans up to Rs. 10 lakh and no margin requirement. 

* **IOB gold-powered RuPay card:** Provides an overdraft facility of up to Rs. 25 lakhs for day-to-day transactions. 

## **Indian Overseas Bank Gold Loan Per Gram**

The IOB gold loan per gram depends on the market value of the gold along with its purity. As per this bank, the price of gold per gram is Rs. 3740 to Rs. 5300\.

## **Gold Loan Interest in IOB Bank**

Indian Overseas Bank offers attractive interest rates on its goal loans, catering to diverse financial needs. The IOB gold loan interest rates as per different schemes are:

| Scheme name | Interest rates (per annum) |
| ----- | :---: |
| KCCJL (Agricultural jewel loan) | 7.00% \- 11.45%  |
| AGTAJ (Agricultural term loan- jewellery) | 8.50% |
| JL- Others (Jewel loan- others) | 8.85% |
| SME gold | 8.85% \- 8.95% |
| IOB Swarnalakshmi (for women borrowers) | 9.20% |
| IOB Swarna Samridhi | 8.80% |
| IOB gold-powered card | 9.35% |
| Jewel Loan Suvidha  | 9.35% |

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## **Indian Overseas Bank Eligibility for Gold Loan**

Indian Overseas Bank offers straightforward eligibility criteria to make gold loans accessible:

* You must be at least 18 years old.

* You must own gold ornaments, jewellery, or coins that you would pledge for the loans. 

* Loans are provided against pure gold coins minted by Indian Overseas Bank or other banks, with a maximum of 50 grams per borrower. 

* The gold loans are available to both existing and new customers willing to open an account with the bank. 

## **Documents Required for Indian Overseas Bank Gold Loan**

To apply for a gold loan with Indian Overseas Bank, you must provide the following documents:

* **Identity proof:** Aadhaar card, PAN card, voter ID, passport, or driver’s licence. 

* **Address proof:** Utility bills, Aadhaar card, passport, or voter ID showing current address. 

* **Photographs:** Recent passport-sized photos.

* **Proof of ownership:** Documents proving ownership of pledged gold.

* **PAN card:** Mandatory if the loan amount exceeds Rs. 5 lakhs.

* **Loan application form:** A duly completed form provided by the bank. 

## **Processing Charges of Indian Overseas Bank Gold Loan**

* **Processing fee:** Nil for loans up to Rs. 3 lakhs. For higher amounts, a fee of 0.50% of the loan amount is applicable. 

* **Gold assaying charges:** Rs 0.50 per Rs. 100 net value of gold (Minimum Rs.25 and Maximum Rs. 350).

* **Prepayment/re-closure charges:** No additional costs for early repayment. 

## **Indian Overseas Bank Interest Rate Compared to Other Banks**

The present RLLR (reference lending rate) of Indian Overseas Bank is 9.35%. Here’s a comparison of gold loan interest rates offered by other banks with Indian Overseas Bank jewel loan interest rate:

| State Bank of India | 9.05% per annum onwards |
| :---- | :---- |
| Bank of Barda | 9.15% per annum onwards |
| Canara Bank | 9.25% per annum onwards |
| Punjab National bank  | 9.25% per annum onwards |
| HDFC Bank | 9.30% per annum onwards |
| Axis Bank | 9.35% per annum onwards |
| ICICI Bank  | 10.00% per annum onwards |

## **How to Apply for the Indian Overseas Bank Gold Loan?**

Applying for the IOB online gold loan is simple. You can do so by following these steps:

1. Visit the official Indian Overseas Bank website and navigate to the Jewel Loan section. 

2. Click on the “Apply Now” button.

3. Enter your mobile number, customer ID, or account details.

4. Provide details about the gold ornaments you wish to pledge.

5. Specify the loan amount and tenure you prefer.

6. Once your gold is appraised, the loan amount will be credited to your account.

## **Conclusion**

Indian Overseas Bank’s gold loan combines affordability and flexibility. This makes it a preferred choice for various financial needs. Whether for personal, agricultural, or business purposes, its attractive interest rates and minimal charges offer significant support. Explore the schemes and benefits to find the perfect solution for your requirements. 

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IOB Gold Loan interest rate is 7.05% p.a upto 25 Lakhs amount. Indian Overseas Bank's Gold loan rate of 1 gram gold is ₹ 2,900 to ₹ 3,450 for 22 Carat.

IOB Gold Loan Interest Rate @7.05% monthly | Per Gram Rate

IOB (Indian Overseas Bank) Gold Loan interest rate is 7.05% p.a upto Rs 25 Lakhs amount. IOB Gold loan rate per gram of gold is ₹ 2,900 to ₹ 3,450 for 22 Carat.

IOB Gold Loan Interest Rate in 2024

# **IDBI Bank Gold Loan Interest Rates**

IDBI Bank offers gold loans to support various financial needs, catering to farmers, small businesses, traders, distributors, and self-employed professionals. These loans are designed to provide quick liquidity, helping you meet temporary expenses, urgent medical requirements, social obligations, and business financing needs. 

## **IDBI Bank Gold Loan Details**

IDBI Bank provides swift and efficient gold loans. They are a practical choice for those looking for secured credit solutions. 

* **Loan amount:** Rs. 10,000 to Rs. 50 lakhs

* **Interest rate:** Starting from 5.88% per annum

* **Tenure:** 3 to 12 months

## **Features of IDBI Bank Gold Loan Schemes**

* **Loan amount:** The IDBI Bank gold loan starts from Rs. 10,000 making it accessible for small financial needs. The maximum limit is capped at Rs. 50 lakhs, ideal for larger financial goals. 

* **Flexible tenure:** You can choose repayment periods from 3 to 36 months which ensures convenience. 

* **Competitive interest rate:** IDBI Bank offers attractive rates, making gold loans affordable for a wider range of borrowers. 

* **Targeted assistance:** Farmers can access funds for cultivation, medical, and social obligations. Small businesses, traders, and professionals can finance their operational needs. 

* **Hassle-free process:** Quick application, approval, and disbursal are ensured when all necessary documents are provided. 

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## **Types of IDBI Bank Gold Loan**

IDBI bank provides three major gold loans:

* **Agricultural gold loans:** Tailored for farmers to address agricultural and related financial needs. 

* **Business gold loans:** Available for small businesses, traders, and professionals to manage operations or expand ventures. 

* **Personal gold loans:** Designed for individuals requiring funds for education, medical emergencies, social functions, or home margin payments.

## **IDBI Gold Loan Per Gram Rate**

The per gram rate depends on the loan amount, quality and purity of the pledged gold prevailing gold prices and bank policies. It also depends on government regulations and external market factors. 

## **IDBI Bank Gold Loan Interest Rate**

* The starting interest rate is 5.88%.

* Rates vary based on:  
  * Loan amount  
  * Quality and purity of pledged gold  
  * Other external factors influencing lending policies

* Transparent disclosure of fees ensures you have a clear understanding of your financial obligations. 

## **IDBI Bank Gold Loan Fee and Charges**

In addition to the interest rate, the following charges apply:

* **Processing fee:** 1% of the loan amount. 

* **Prepayment/foreclosure charges:** No charges after 3 months. 2% of the outstanding amount \+ GST if foreclosed within 3 months. 

* **Valuation fee:** Rs. 250 for loans up to Rs. 1.5 lakh. Rs. 500 for loans above Rs. 1.5 lakh. 

* **Late payment penalty:** 2% per annum on the applicable interest rate. 

* **Renewal processing fee:** Rs. 350 \+ GST

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## **Interest Rate of IDBI Gold Loan Compared to Other Lenders**

IDBI Bank offers competitive interest rates, starting from 5.88% for gold loans when compared to other lenders. 

| Bank  | Interest Rates |
| ----- | ----- |
| SBI | 9.10% onwards |
| Canara Bank  | 9.25% onwards |
| HDFC Bank  | 9.30% onwards |
| Axis Bank  | 9.35% onwards |

## **IDBI Gold Loan EMI Calculator**

You can estimate your EMIs using the IDBI Bank gold loan EMI calculator. This tool requires:

* **Interest rate:** Enter the applicable IDBI loan interest rate for gold. 

* **Loan amount:** Specify the amount you wish to borrow. 

* **Repayment tenure:** Choose your preferred repayment duration. 

This simple tool provides instant results to help you plan your finances effectively. 

## **IDBI Bank Gold Loan Eligibility**

To avail of the gold loan from IDBI Bank, you must meet the following criteria:

* **Age:** Minimum 21 years old.

* **Income requirements**: A stable income source, particularly from agriculture, or an annual income meeting bank criteria. 

* **Land ownership:** Farmers must possess at least one hectare of land. 

## **Documents Required for IDBI Gold Loan**

Applicants need to submit the following documents:

* **Identity proof:** Voter ID, PAN card, passport, or driving license.

* **Address proof:** Ration card, utility bill, or passport. 

* **Income proof (if required):** 12-month bank statement and previous year’s income tax returns (ITR).

* **Proof of business:** Sales tax certificate, lease deed, or utility bills.

* **Professional proof:** Degree certificate for self-employed individuals. 

* **Other requirements:** Recent passport-sized photographs, account statements, and any additional documents requested by the bank. 

## **How to Apply for IDBI Gold Loans?**

You can apply for gold loans with IDBI Bank both online and offline. You need to follow the simple steps in order to do so. 

**Online Application**

1. Visit IBDI Bank’s official gold loan page.   
2. Fill in details like name, address, date of birth, city, and other relevant information.   
3. Submit the application and await bank follow-up. 

**Offline Application**

1. Visit the nearest IDBI Bank branch or you can download the form from IDBI Bank’s website.  
2. Fill out the application form and submit the necessary documents.   
3. Pledge gold items, after which the loan is sanctioned and disbursed directly onto your account. 

## **Conclusion**

IDBI Bank’s gold loan scheme offers a seamless and reliable solution for diverse financial needs. With competitive interest rates, flexible tenure, and minimal documentation, it ensures accessibility for a wide range of borrowers. By leveraging the value of gold, individuals can meet urgent requirements while enjoying a transparent and hassle-free borrowing experience. 


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BOB Gold Loan, Gold Loan, BOB Bank Gold Loan Interest Rate, Bank of Baroda

IDBI Bank Gold Loan Interest Rate 5.88% - 10% p.a | indiagold

IDBI Bank Gold Loan interest rate is starting at 5.88% - 10% p.a. IDBI Bank gold loan per gram rate is ₹ 3,800 to ₹ 4,350. Get a Gold Loan at 9% Interest rate at indiagold. Get 100% Free insurance on your gold with minimal documentation.

IDBI Bank Gold Loan Interest Rate

# **Bank of Baroda Gold Loan Interest Rates**

Bank of Baroda provides a convenient solution for those in need of quick funds by offering gold loans. These loans are secured against gold jewellery, ornaments, or specially minted gold coins. You can use these loans for wedding expenses, education, home renovation, or business expansion. Let’s dive deeper into understanding all about BoB gold loan schemes before you apply. 

## **Bank of Baroda Gold Loan Details**

Bank of Baroda offers gold loans at a moderate rate compared to other lenders. With this rate, you can easily apply for gold loans as per your requirements.

* **Bank of Baroda gold loan interest rate:** Starting at 9.15% per annum.

* **Collateral:** Minimum 18-carat gold jewellery or specially minted gold coins by banks.

* **Loan tenure:** Options of 12 months or up to 36 months with EMI (equated monthly instalment) schemes.

* **Loan amount:** Up to Rs. 50 lakhs. 

* **Repayment methods:** EMI, bullet repayment (single lump-sum repayment usually made at maturity date), or overdraft facilities. 

* **Processing fee:** No fee for loans up to Rs. 3 lakhs.

* **Pre-closure/pre-payment charges:** No charges applied.

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## **Features of Bank of Baroda Gold Loan Schemes**

* **Flexible loan amount:** You can avail of loans starting at Rs. 25,000, with a maximum limit of Rs. 50,000. 

* **Secure storage:** The pledged gold remains safely stored in the bank’s vault and is returned upon complete payment. 

* **No guarantor required:** To obtain Bank of Baroda gold loans, you do not need a guarantor. This makes the application process simpler and hassle-free for you.

* **Income proof not required:** You do not need to submit income proof, ensuring that individuals from all income levels can access loans easily. 

* **Easily convertible into cash:** The approved loan amount can be seamlessly converted into cash, providing immediate financial support to meet urgent needs. 

* **Minimal paperwork and faster processing:** The loan application requires minimal documentation, ensuring a smoother process and quicker loan approval and disbursal. 

* **No impact on credit score:** The gold loan interest rates are not influenced by your CIBIL score. This makes it accessible to anybody with varying credit histories. 

## **Types of Gold Loan Schemes from Bank of Baroda Based on Interest Rates**

* **Fixed-rate loans:** The interest rate remains unchanged throughout the loan tenure, ensuring stable EMI. 

* **Floating-rate loans:** Interest rates are linked to external benchmarks, which may fluctuate, affecting the EMI amount. 

* **Non-agricultural gold loans:** Available for salaried individuals, self-employed professionals, and students for non-agricultural purposes. 

* **Agricultural gold loans:** Offered at lower interest rates to support farmers with cultivation-related expenses. 

## **Bank of Baroda Gold Loan Rate Per Gram**

The BoB gold loan per gram is based on the purity and market value of the gold. For this bank, the amount ranges from Rs. 4,289 to Rs. 4,679 per gram. 

## **Bank of Baroda Gold Loan Interest Rate**

The BoB gold loan interest rate starts from 9.15%. The biggest advantage of obtaining your loan from this bank is that it does not consider your CIBIL score while setting the interest rates.

| Particulars | Interest rates (p.a.) starting from | Tenure |
| ----- | ----- | ----- |
| Demand Loan (LA180) | 9.15% | Up to 12 months |
| Agri Gold Loan | 8.70% (varies as per 1-year marginal cost of funds based lending rate or MCLR rates) | Up to 12 months |
| EMI (LA241) | 9.15% | Up to 36 months |
| Overdraft (LA043) | 9.15% | Up to 12 months |

You must also provide the gold loan appraiser charges which may vary based on your holdings. These charges are implemented by lenders to analyse the worth of your pledged gold. 

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## **Bank of Baroda Gold Loan Interest Rate Calculator**

You can easily check the EMI of your loan using the Bank of Baroda gold loan calculator. This BoB gold loan calculator helps you to calculate your EMI based on the loan amount, interest rate, and chosen tenure. This makes repayment planning easier and more transparent. 

## **Bank of Baroda Eligibility**

To qualify for a loan loan at the Bank of Baroda, you have to meet the following criteria:

* You must be Indian residents aged 18 to 70 years.

* Loans are available against 18-carat gold jewellery or ornaments and specially minted gold coins (up to 50 grams per applicant). 

## **Documents Required for Bank of Baroda Gold Loan**

To apply for a gold loan, the following documents are necessary:

* A registered mobile number linked to Aadhaar and a Bank of Baroda account. 

* PAN card (optional but recommended).

* BoB CIF number or bank account details for existing customers. 

* Physical gold for valuation.

* Original Aadhaar and PAN cards for verification purposes. 

## **Processing Charges of Bank of Baroda Gold Loan Scheme**

* **Processing fee:** Nil for loans up to Rs. 3 lakhs. For higher amounts, a fee of 0.50% of the loan amount is applicable. 

* **Gold assaying charges:** Rs. 0.50 per Rs. 100 net value of gold (Minimum Rs. 25; Maximum Rs. 350). 

* **Prepayment/post-closure charges:** No additional costs for early repayment 

## **Bank of Baroda Interest Rate Compared to Other Lenders**

The bank gold loan interest rate in BoB starts from 9.15% which is comparatively lower than other lenders. 

| Bank | Interest rates |
| ----- | ----- |
| Canara Bank | 9.25% onwards |
| HDFC Bank | 9.30% onwards |
| Axis Bank  | 9.35% onwards |

## **How to Apply for the Bank of Baroda Gold Loan Scheme**

You can apply for the gold loan schemes using the two approaches:

* **Walk-in application:** Visit the nearest Bank of Baroda branch with your gold and required documents. After completing a form, the bank evaluates the gold and processes the loan, usually within a day. 

* **Online application:** You can register online via the Bank of Baroda website by submitting the application form and uploading the necessary documents. The final step involves visiting the branch for gold valuation and loan disbursal. 

## **Procedure of Obtaining Gold Loan Scheme from Bank of Baroda**

Follow the below steps to avail of your gold loan from the Bank of Baroda:

1. **Gold evaluation:** The bank assesses the purity and weight of the gold to determine its value. 

2. **Market price analysis:** The gold’s market price is calculated based on recent rates. 

3. **Loan-to-value (LTV) determination:** The loan amount is set according to RBI’s LTV cap of 75%. 

4. **Application processing:** After you review the loan terms, the application is processed after deducting any applicable fees. 

5. **Loan disbursal:** The approved amount is credited to your account upon signing the loan agreement.

## **Conclusion**

The Bank of Baroda gold loan stands out for its convenience, flexibility, and borrower-friendly terms, catering to a variety of financial needs. With secure storage, fast processing, and no reliance on credit scores, it ensures a smooth borrowing experience. This offering is well-suited for those seeking a trusted and efficient financing option in India.

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Bank of Baroda BOB Bank Gold Loan Interest Rate 2024 | Features, Benefits, Eligibility & Documents | #goldloan

Bank of Baroda (BOB) Gold Loan interest rate 8.70% - 9.40% | Per Gram rate ₹4,289 - ₹4,679

## BOB Gold Loan interest rate
**As of 2024, BOB Gold loan interest rate is in the range of 8.70% to 9.40% per annum.**

It is important to note that the interest rates are subject to change at the discretion of the bank and can vary based on market conditions. Additionally, Bank of Baroda may also offer lower interest rates to women borrowers.

It is always recommended to check with the bank or visit their website for the latest interest rates before applying for a gold loan. Moreover, it is advisable to compare the interest rates and other terms and conditions of gold loans offered by different banks before finalizing one.

## Loan Amount For Bank of Baroda Gold Loan
Bank of Baroda offers gold loans ranging from a minimum of Rs. 10,000 to a maximum of Rs. 1 crore, depending on the purity and weight of the gold.

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## BOB Gold loan per gram rate

As of April 2024, the per gram rate for Bank of Baroda gold loan is **Rs. 4,289 per gram for 22 carat gold and Rs. 4,679 per gram for 24 carat gold.**

However, it is important to note that the per gram rate may vary depending on various factors such as the loan amount, loan tenure, and the prevailing market conditions. Additionally, the bank may also have different per gram rates for gold loan schemes targeted at different segments of customers.

## BOB Gold Loan Processing fees

Bank of Baroda charges a nominal processing fee for its gold loans. The processing fee for Bank of Baroda gold loan is up to 1% of the loan amount, subject to a minimum of Rs. 1,000 and a maximum of Rs. 10,000.

Getting a gold loan is a tedious and time consuming process, isn’t it? Well it turns out that we at IndiaGold have a solution for your problem. Now you can get Gold loans at your convenience.
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Bank of Baroda Gold Loan interest rate is 8.70% - 9.40% p.a. Bank of Baroda (BOB) gold loan per gram rate is ₹4,289 - ₹4,679. Get a better Per gram rate of ₹4,293 - ₹4,865 & interest rate of just 0.77%* per month at Indiagold.

Bank of Baroda (BOB) Gold Loan Interest Rate 2024

# **SBI Gold Loan Interest Rate 2024**

 SBI Gold Loans provide a convenient and secure way for individuals to access funds by pledging personal gold, such as jewellery or coins, as collateral. The loan process is straightforward with minimal documentation. So, let’s know all the details you need to obtain this loan.

## **SBI Gold Loan Details**

The combination of the flexible loan amount, reasonable tenure, and low fees makes the SBI gold loan an accessible and budget-friendly option:

* **SBI gold loan interest rate:** 9.00%

* **Loan amount:** Rs.20,000-Rs.50,00,000

* **Age limit:** 18 years-70 years

* **Tenure:** Up to 36 months

* **Accepted gold:** Ornaments verified for quality and weight

* **SBI gold loan processing fee:** 0.50% \+ GST

## **Features of State Bank of India Gold Loan Schemes**

* **Flexible loan amounts:** Loans are available for sums ranging from Rs. 20 thousand to Rs. 50 lakh, making them suitable for small to large financial requirements.

* **Flexible tenure options:** You can choose repayment terms between 12 to 36 months, depending on your financial convenience. 

* **Security:** Gold pledged as collateral is stored securely and returned upon loan repayment.

* **Repayment modes:** SBI provides multiple repayment options, including standard EMIs, liquid gold loans, and bullet repayment gold loan schemes (paying principal and interest before loan maturity). 

* **Affordable processing fees:** SBI charges just 0.5% of the loan amount, ensuring affordability. 

* **Quick processing:** With minimal documentation, loans are approved quickly, often on the same day. 

* **No prepayment penalty:** You can prepay the loan incurring any additional charges. 

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## **SBI Gold Loan Rate Per Gram**

As per the State Bank of India, the loan amount per gram depends on the gold purity and net weight. The bank does not grant any gold loan based on the security of primary gold. 

## **SBI Gold Loans Interest Rate**

You can get gold loans at competitive SBI bank gold loan interest rates as per the types of gold loan:

* **Gold loan:** Interest rate starts at 9.00% per annum.

* **Realty gold loan (for housing loan customers):** Same rate as the standard gold loan at 9.00% per annum.

* **Agriculture gold loan:** 1-year MCLR (Marginal cost of funds based lending rate) \+ 1.25% 

## **SBI Gold Loan Eligibility**

* **Age:** Must be between 18 and 70 years

* **Profession:** All farmers and agricultural entrepreneurs

* **Income source:** A consistent source of income is required, but proof is not mandatory for retirees or existing bank customers 

* **Gold ownership:** The gold pledged must belong to the applicant and meet quality standards.

## **Documents Required for SBI Gold Loan**

* **ID proof:** PAN card, Aadhaar card, passport, or government-recognised identification. 

* **Address proof:** Utility bills, passports, or valid address verification documents. 

* **Photographs:** Two passport-sized photographs of the applicant.

* **Completed application:** Accurately filled and signed application. 

## **Fees of SBI Gold Loan Scheme**

SBI charges a nominal processing fee, which is among the lowest in the industry:

* **Standard fee:** 0.5% of the loan amount, subject to a minimum of Rs. 500. 

* **YONO applications:** No processing fee is charged if the loan is applied for via the SBI YONO app. 

## **SBI Gold Loan Interest Rate Compared to Other Lenders**

When compared to other leading banks, SBI gold loan interest rate can be considered competitive:

| Bank | Interest rate |

| SBI Gold Loan | Starting from 9.00% |
| Axis Bank Gold Loan | 9.35% to 17% |
| HDFC Bank Gold Loan | 9.30% to 17.86% |

Apart from this, SBI will decide your SBI gold loan appraiser charges (charge by the lender to evaluate the weight, purity, and market value of gold ornaments) that you have to bear accordingly. 

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## **How to Apply for SBI Gold Loan Schemes?**

Applying for an SBI Gold Loan is simple and can be done online or at a branch:

**Step 1:** Visit the SBI website or the nearest branch. For online applications, fill out the form with details such as loan amount, name, mobile number, and PIN code. 

**Step 2:** Submit the form and follow the on-screen instructions to complete the process.

**Step 3:** After verification, the loan is approved, and the funds are disbursed. 

## **How to Pay Gold Loan Interest in SBI Online?**

Paying your SBI gold loan interest online is a simple process:

1. **Log in to your SBI net banking** Access your SBI internet banking account using your username and password or register on the SBI website.

2. **Navigate to the e-payment section:** Once logged in, go to the “Payments/Transfers” section in your account dashboard.

3. **Add your loan account as a biller:** Add your SBI gold loan account as a biller by selecting the option to “Add Biller” or “Register Loan Account” under the bill payment section.

4. **Make the payment:** Select the loan, choose the amount you want to pay (EMI or interest) and authenticate the payment using OTP (one-time password) sent to your registered mobile number.

5. **Confirmation of Payment:** Upon successful payment, you will receive an SMS.

## **Conclusion** 

SBI gold loan offers a seamless borrowing experience with competitive interest rates and flexible repayment options. Whether for personal or agricultural needs, their quick processing and minimal documentation make them a reliable choice. With easy online payment methods, managing your gold loans becomes significantly convenient.

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SBI Bank Gold Loan Interest Rate 2024 | Features, Benefits, Eligibility & Documents | #goldloan

SBI Gold Loan per gram in 2024 | Today's per gram rate

SBI Bank Gold Loan Per Gram Rate of Today is Rs 4228 to Rs 5286. SBI Gold Loan interest rate is 9.00% - 10.25% pa. Get a better Per gram rate of ₹5286 - ₹5991 & interest rate of just 0.85%* per month at indiagold.

SBI Gold Loan per Gram Rate in 2024

# **IIFL Gold Loan Interest Rates**

IIFL gold loan is a convenient financial solution tailored for Indian customers. It offers competitive interest rates and flexible repayment choices. By pledging gold as collateral, you can quickly access funds to meet various personal and professional needs. 

## **IIFL Gold Loan Details**

IIFL loans provide you with easy access to the quick funds that you require.

* **Loan amount:** Minimum amount is Rs. 3000 or the value of 1 gram of gold (whichever is higher)

* **Repayment tenure:** Up to 2 years, with options to repay monthly, quarterly, or annually

* **Interest rate:** 11.88% per annum to 27% per annum

* **Loan-to-value (LTV) ratio:** Up to 75% of your pledged gold’s market value

* **Processing fees:** Starting from Rs. 0, nominal charges may apply as per the loan scheme

* **Penal charges:** 0.50% per month (equivalent to 6% per annum) plus GST

* **Pre-closure/part-payment charges:** No charges

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## **Features of IIFL Gold Loan Schemes**

* **Wide interest rate:** The interest rates vary between 11.88% to 27% per annum, depending on the loan scheme.

* **Quick processing:** Loan approval takes just 5 minutes, and funds are disbursed within 30 minutes. 

* **Purity requirement:** Gold jewellery with a purity level of 18 carats or more is accepted. 

* **Open to all applicants:** Available for salaried individuals, business owners, homemakers, students, and more. 

* **Market-based value:** The gold’s value is calculated using the current per gram market price. 

* **Loans tailored to gold quality:** Net gold weight, purity, and LTV ratio determine the loan amount, tenure, and interest rate. 

* **Exclusion of non-gold elements:** The valuation does not include stones, gems, or other non-gold components in jewellery.

## **IIFL Gold Loan Schemes**

* **IIFL Gold Loan at Home:** This option allows you to apply for a gold loan from the comfort of your home. It caters to your personal or professional needs. The tenure extends up to 2 hours, and the LTV ratio goes up to 75%.

* **IIFL MSME Gold Loan:** Tailored for entrepreneurs, this loan helps address business-related expenses. You can avail of up to 75% of their gold’s value with a maximum tenure of 2 years. 

* **IIFL Gold Loan for Women:** Designed to support women for personal or business needs. It offers up to 75% of the pledged gold value as a loan, with a flexible tenure of up to 2 years.

* **IIFL Agricultural Gold Loan:** Ideal for farmers, this loan supports agricultural investments like seeds and equipment. It has an LTV ratio of up to 75% and a repayment tenure of 2 years. 

* **IIFL Gold Loan for Education:** Specifically aimed at covering educational expenses, including tuition and study materials, with an LTV of up to 75% and a tenure of 2 years.

## **IIFL Gold Interest Rate for Loans**

You get a competitive IIFL interest rate for gold loans ranging from 11.88% to 27% p.a. This is comparatively more accessible than the IIFL business loan interest rate which ranges up to 36%. The IIFL loan interest rate depends on the loan amount, repayment tenure, and frequency. These rates ensure that borrowers can access funds against their gold with manageable repayment terms. You can also use the IIFL gold loan calculator to understand the interest rate as per your requirements. 

## **IIFL Gold Loan Fees and Charges**

* **Processing Fees:** Starting from Rs. 0, nominal fees based on the scheme. 

* **MTM charges:** Rs. 500

* **Auction actions:** Rs. 1,500

* **Auction intonation charges:** Rs. 200 

* **SMS charges:** Rs. 5.90/quarter

## **IIFL Gold Loan Eligibility**

* Salaried, self-employed, and non-salaried individuals, with no requirement for income proof. 

* The minimum age is 18 years; the maximum age is 70 years at loan disbursal and 72 years at renewal. 

* Gold ornaments with 18 to 22 purity are accepted.

## **IIFL Gold Loan Documents Required**

* **Identity proof:** Aadhaar card, PAN card (mandatory for loans above Rs. 5 lakh), voter ID, passport, driving license, or bank statement

* **Address proof:** Aadhaar card, passport, driving license, electricity bill, voter ID, ration card or bank statement

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## **How to Apply for IIFL Gold Loan?**

To apply for an IIFL finance gold loan, follow these steps:

1. **Application:** Begin by submitting your application through your preferred channel- either online via the IIFL website/app or by visiting a branch in person. IIFL also offers a convenient “Gold Loan at Home” service where a representative comes to your location. 

2. **Gold evaluation:** A trained appraiser evaluates the purity and quality of your hold. If you have chosen the “Gold Loan at Home” service, the evaluation will be conducted at your doorstep. The loan amount is determined based on the purity and value of the pledged gold. 

3. **Documentation:** Ensure your KYC documents (Aadhaar, PAN, etc.) are ready as per RBI guidelines. The documentation process is quick and ensures compliance with legal norms. 

4. **Approval and disbursement:** After conforming your agreement with the loan amount and terms, the loan is approved. A minimal processing fee is deducted, ranging between 0.10% and 1%. Funds are disbursed promptly, often within minutes of approval. 

## **IIFL Gold Loan Foreclosure and Part-Payment**

* **Foreclosure:** Borrowers can foreclose the loan after clearing the amount before the tenure ends. Charges range from Rs. 0 to Rs. 150 for foreclosing within 3 months, with no charges after 3 months. 

* **Part-payment:** Partially repaying the loan reduces the outstanding principal, lowering the interest burden. This option also allows partial release of the pledged gold. 

## **IIFL Gold Loan Repayment**

* **At branch:** You can make a repayment by visiting the nearest IIFL branch, ensuring immediate processing. You can get assistance from branch executives. 

* **Online:** You can repay the loan through a secure online platform, accessible anytime from anywhere. 

* **Through the app:** The IIFL Loans app provides a user-friendly way to manage loan accounts, view details, and make payments conveniently. 

## **Conclusion** 

IIFL gold loans provide a secure and accessible way to unlock the value of your gold, catering to diverse financial requirements. Its customer-centric approach, transparent processes, and flexible terms make it a reliable choice for those seeking quick financial assistance. With IIFL, you can manage your immediate needs without compromising your long-term goals.

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IIFL Gold Loan interest rate is 9.48%-15% p.a upto Rs 50 Lakhs amount. IIFL Gold loan rate per gram of gold is ₹4290 for 22 Carat. Get a Gold Loan at 0.77% Interest rate at Indiagold. 

IIFL Gold Loan Interest Rate @9.48%-15% p.a | Per Gram Rate

IIFL Gold Loan interest rate is 9.48%-15% p.a upto Rs 50 Lakhs amount. IIFL Gold loan rate per gram of gold is ₹4290. Get indiagold Gold Loan at 9.24%. Get 100% Free insurance on your gold with minimal documentation.

Canara Bank Gold Loan per Gram Rate in 2024

IOB Gold Loan Interest Rate in 2024

IDBI Bank Gold Loan Interest Rate

Bank of Baroda (BOB) Gold Loan Interest Rate 2024

SBI Gold Loan per Gram Rate in 2024

IIFL Gold Loan Interest Rate 2024