Bank of India Gold Loan Interest Rate – Complete Guide & Tips

Key Insights 

1. Use the BOI gold loan EMI calculator to find a rate that fits your budget. Rates start at around 9.50% per year, which is usually lower than what many other lenders offer for a ₹1,00,000 loan.

2. You can get up to 85% of your gold’s value as a loan, with amounts available up to ₹30,00,000. Approval takes only 25 minutes, and the process is easy whether you apply online or in person.

3. Processing fees are limited to ₹1,500, and there are no foreclosure charges. This makes borrowing simple and affordable.

Do you need quick funds with a minimum interest rate? Check out the Bank of India’s gold loan interest rates for farmers. We offer options for everyone, including special rates for farmers, to help you cover urgent expenses.

The Bank of India gold loan interest rate 1lakh is the set percentage you pay for borrowing against your gold, based on the bank of india gold rate 22 carat. You can use the Bank of india gold loan interest rate calculator to find out the cost before you apply.

Example:

I used the BOI gold loan EMI calculator for a ₹1,00,000 loan. At a 9.50% annual interest rate, my monthly payment over 12 months was ₹8,768. The Central Bank of India gold loan interest rates 1 lakh are also an option which you can use.

Features of Gold Loans Offered by Bank of India

Make the most of your gold with Bank of India's range of loan options. Whether you need quick cash or funds for your business, we offer secured financing solutions to fit your needs.

Here is the list of the features, eligibility and the interest rate of the gold loans Bank of India and you can also use the BOI gold loan EMI calculator:
 

Bank of India’s gold loans offer up to 85% valuation and can be approved in just 25 minutes, giving you quick access to funds with flexible terms.

Bank of India Gold Loan Processing Fees & Charges 

Features toh pata lag gayi, par charges ka kya hai? 

Find out how to make the most of your gold by learning about Bank of India's gold loan processing fees. Knowing these details can help you borrow money without any hesitation and avoid any surprise charges.

Bank of India’s gold loan has fees that start at ₹250 and do not go above ₹1,500, making it a clear and affordable choice.

Bonus Tip: Do you know? A fee of ₹50 per account or record will be charged to borrowers for fetching or verifying land records for Agricultural Gold Loans.

How to Apply for a Bank of India Gold Loan?

You can unlock the value of your gold in just three easy steps. Our guide will help you apply for a Bank of India gold loan quickly and without any hassle.

Online Process:

1. Go to the Bank of India website and look for the “Gold Loan” option under the “Loans” section.
2. Click on “Compare and Apply” and enter your details, including the weight of your gold.
3. A bank expert will call you to help guide you through the next steps.
4. You will need to visit your local branch so they can check and value your gold in person.
5. Once your gold is valued and your eligibility is confirmed, your loan will be approved, and the money will be given to you.

Offline Process:

1. Go to the Bank of India branch closest to you.
2. Ask for the gold loan application form at the branch and fill it out.
3. Give the required KYC documents, such as ID and address proof, along with passport-size photos. You may also need to show income proof, like IT returns, if asked.
4. A bank appraiser will check the weight and purity of your gold ornaments or coins.
5. Once your loan is approved, the bank will decide the loan amount, interest rate, and tenure. The money will then be sent to your account.

You can apply for a gold loan with Bank of India either online or at a branch. The process is simple, with fast verification and quick transfer of funds to your account.

Conclusion

Bank of India’s gold loan offers a quick and valuable way to get funds for bank of india gold rate 22 carat. Interest rates start at about 9.50%, and processing fees are limited to ₹1,500. You can apply online or in person and receive up to 85% of your gold’s value with clear terms and fast approval.

FAQS

If I had the required amount in hand, I never would have taken a loan in the first place. How do I deal with this now? 

You are experiencing financial stress and regret after taking out a loan when you did not have enough money to repay it. To manage debt, it helps to stay organised, communicate clearly, and use effective debt management strategies.

Can taking a gold loan help improve my CIBIL score quickly with minimal risk?  

A gold loan can help improve your CIBIL score, but it is not a quick solution and carries risks if not handled carefully. Paying on time is important for a positive effect. Missing payments can hurt your score and may lead to your gold being auctioned.

Which bank has a low interest rate for gold loans? 

If you are looking for low gold loan interest rates in late 2025, Central Bank of India (around 8.05%), SBI (starting at 8.70%), and PNB (around 8.35%) usually offer some of the most competitive rates. Rates can vary depending on the scheme and lender, but major banks like SBI, PNB, and Central Bank often have lower rates than private banks or NBFCs.

Are gold loan interest rates fixed? 

No, gold loan interest rates are not always fixed. You can choose a fixed rate, which stays the same, or a floating (variable) rate, which changes with the market. The best option depends on your lender and loan terms.

How can I pay back the gold loan I took out?

You can repay your gold loan using cash, money transfer, demand draft (DD), or check.
 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.