Bank of India Gold Loan Interest Rate, Details, Apply, Eligibility and more details

When you take a loan by pledging your gold, it is a gold loan. The bank checks the applicant's CIBIL score before giving BOI Gold Loan.

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If your credit history is very good, then you are an existing customer of the bank, then you can take advantage of the bank's attractive gold loan interest rate.

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Under Bank of India Gold Loan, you can get a maximum loan amount up to Rs 50 lakh. There is no minimum limit.

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You can mortgage gold jewellery, ornaments or coins. The interest rate of this loan starts from 7.25% per annum.

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The loan tenure of this loan is from 12 to 36 months. There is zero processing fee for loans up to Rs.1 lakh.

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Margin: For agricultural purposes: 15% to 35%; For non-agricultural purposes: 25% to 35%; Depending on the purity of the gold and the tenure of the loan.

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Gold should be of 18 carat or more. Agriculture / MSME / OPS / Retail / Consumption can apply for this loan

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If you fulfill all the conditions of this loan, then you can apply for it both online and offline. You can also apply for the loan by calling the customer care number of the bank.

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