Gold Loan 

Bank of Maharashtra Gold loan – Loan against Gold Ornaments

3552 Views

Bank of Maharashtra Gold Loan – Details on Interest Rates, Processing Fees, Eligibility, Loan amount, Documents. Calculate EMI with Bank of Maharashtra gold loan emi calculator and eligibility online.

Apply Gold Loan

Full Name
City
Mobile
Annual Income
Age
Email ID
Loan Amount
Gold weight (in grams)
How immediate is your requirement

Information on Mahabank Gold Loan

Particulars Revised Scheme guidelines
Name of the scheme Mahabank Gold Loan scheme
Purpose of loan To cater to the requirements of meeting other personal expenses, whatsoever which include personal expenditure of varied needs like marriage, higher education, medical emergencies, business travel etc.
Type of credit facilities For General Purpose only : Term loan / Cash Credit subject to Maximum Repayment tenor of 12 months depending on need of individual.
Eligibility All individuals desirous of availing Gold Loan against gold jewellery /ornaments.
Age Limit
  • Minimum : 18 Years
  • Maximum : 70 Years
Quantum of Loan
  • Minimum : Rs. 20,000/-.
  • Maximum: Rs. 5.00 lakh *Subject to eligibility for loan amount based on scale of finance and Loan to value (LTV) ratio of not exceeding 75% of the loan amount during the course of the loan.
Eligible loan amount Rs. 2000/- per gram of 22 carat gold ornament Or 75% of the market value of the net weight of the Gold ornaments excluding stones attached to ornaments/ jewellery to be pledged, whichever is less.

Note : Scale of finance will be reviewed from time to time
Security for the loan Pledge of gold jewellery/ ornaments. Bank shall not grant any advance against Bullion / Primary gold.
Repayment of loan Term Loan Facility : Principal: The maximum repayment period is 12 Months.

The repayment can also be fixed as bullet payment. Interest: Interest should be charged on monthly basis and should be serviced as and when applied.

Cash credit Facility : Annual Review subject to entire amount to be repaid once in year.

Interest : Interest should be charged on monthly basis and should be serviced as and when applied.
Rate of interest (Floating) Click here to view the Interest Rate
Processing charges Rs.500/- per application

Other Products of Bank of Maharashtra:-

Related Posts: