Bank of India Gold Loan

Gold Loan @ 7.10%

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Bank of India Gold Loan Key Features

Bank of India Gold Loan Interest Rate 7.10% per annum
Bank of India Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
Bank of India Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Bank of India Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Bank of India Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Bank of India Gold Loan Repayment Tenure 3 Months to 24 Months
Bank of India Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

About Bank of India Gold Loan

Gold Loan is the most liquid form of asset and it is designed to meet the financial requirement especially in the time of urgency. Amazing features, offers, and benefits are available on the gold loan. Apply online and grab the best deal with the help of Bank of India.

What is Gold Loan?

The loan that is given against gold, is known as Gold Loan. This includes the gold ornaments of the borrower excluding the diamond articles and mangal sutra. The borrower keeps his gold ornaments as collateral with the lender and takes the money against those ornaments.

Many go for the fulfillment of their short term goal through gold loans, such as their child’s education, marriage, or other family problems. Many think that instead of keeping it idle at home or in a locker, the gold loan is the best option.

Advantages of taking a Gold loanBank of India Gold Loan

    1. Easy and Hassle-free Process
    2. Approval in 30 minutes
    3. Simple Documentation
    4. Dedicated Assistance
    5. No salary certificate or credit card history is required
    6. Lowest Interest Rate

Bank of India Gold Loan Interest Rate

  1. Generally, the gold loan is available at the interest rate of 7.10% to 14.5%
  2. ROI for tenure less than 1 year is also available at 1%
  3. Processing fees equal to 2000
  4. The borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay the complete borrowed amount in a single shot
  5. The maximum amount of loan which can be acquired is Rs.15,00,000.
  6. The maximum time period within which a gold loan needs to be paid off is within 18 months.

Bank of India Gold Loan Eligibility

There are some conditions that the applicant should fulfill to get a Bank Of India Gold Loan. These are written below

  1. First of all age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
  2. Besides that, she/he should have some rigid source of income so that he can give an interest rate to the bank.
  3. After that applicants should have gold in the form of jewelry. But the purity of the gold must lie between 18 karats to 22 karats.

Bank of India Gold Loan Documentations

The process of documentation is very easy and simple.

  1. Identity proof (Passport/Id card/voter card/driving license) can be any one of them.
  2. 3 passport size photos
  3. A passport acts as an ID proof because a passport has a name, age, address, and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately.
  4. Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  5. Driving license can also be a proof of identity and residence proof because it contains the name, date of birth, and a photograph of the customer.
  6. Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
  7. PAN card is the permanent account number and it prevents from the financial fraud. So it can be an identity/residence proof. Pan Card is a very essential document under KYC (know your customer) formality.
  8. Ration card also can be a residence proof because it provides enough information about the applicant.

Know about the terms and conditions

  1. Foreclosure Charges- charges that are to be paid when the loan is closed before the tenure is completed.
  2. Foreclosure charges can be up to 1%. The minimum loan tenure is 6 Months.
  3. So foreclosure charges after 6 months are 0.
  4. Charges for late payment of Loan Amount.
  5. 2% p.a. as penal interest over and above the applicable rate of interest.

Why is an excellent platform to apply for a loan?

Here, we are to provide you with the loans, and here we are to offer loans and tell you why is better than other websites. here values your time, and thus we provide you loans in a quicker period. There are many perks if you choose us over the other website:

  1. To begin with, you will enjoy many benefits if you decide to take your Gold Loan from us
  2. After that, you have to fill the Gold Loan form, and you will receive a call from our relationship manager.
  3. Besides this, more concessional rates will be provided to you besides all of the other facilities.
  4. And there is no need to go to the bank.
  5. Furthermore, your documents will be picked up from your doorstep.


  1. First of all, Know your Gold loan eligibility in 1 minute, available online, and across all branches.
  2. After that, Highly competitive interest rates for Gold Loans.
  3. Besides that, Special offers, interest rates, and nominal charges for Bank of India account holders.
  4. And Special Gold Loan offers* for women employees.


  1. First of all, Simple documentation
  2. After that, Competitive pricing
  3. Besides that, the Gold Loan disbursal is very quick.
  4. And Transparent procedure
  5. Gold Loans were available for Marriage and other Personal Needs.

How to Apply on

  1. To begin with, you have to look up for on google.
  2. Thereafter, a form will open up and you have to fill-up the form with the appropriate information.
  3. You will get more information from us following that.
  4. Search for on google

Gold Loan Interest Rate of Major Banks


 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%