हिंदी में पढ़े
|
Bank of Maharashtra Gold Loan Highlights |
|
| Interest Rate | 9.05% p.a. |
| Loan Amount | Rs 20,000 – Rs 1 crore |
| LTV Ratio | Up to 75% of gold’s market value |
| Repayment Tenure |
|
| Collateral | Pledge of Gold jewellery/ornaments |
| Processing Fees | Up to Rs. 2000 |
| Margin | Up to 30% |
| Pre-payment/pre-closure/part-payment charges | Nil |
Rates as of 13 March 2025.
Bank of Maharashtra Gold Loan Interest Rates
Bank of Maharashtra offers gold loan interest rates @ 9.05% p.a..
Bank of Maharashtra Maha Gold Loan
Purpose: Maha Gold Loan is a term loan or cash credit facility offered to applicants to raise funds for various purposes, except speculation.
Type of Facility: Term Loan/ Cash credit
Loan Amount: Rs. 20,000 to Rs. 1 crore
Tenure: Up to 2 years
Term Loan Facility –
- Term Loan / Cash Credit – Up to 2 years
- Bullet Repayment- Up to 1 year
Cash Credit Facility – To be repaid once a year
Eligible Loan Limit: Rs. 5240 per gram of 22 carat gold ornament or 75% of market value of gold’s net weight.
Margin: Up to 30% on bullet repayments (Max. up to 12 months) & 25% in all other cases, such as Term Loan or Cash Credit
LTV Ratio: Loan-to-Value Ratio of 75% to be maintained throughout the loan tenure.
Eligibility Criteria for Bank of Maharashtra Gold Loan
Bank of Maharashtra offers gold loan to all individuals including its staff against gold jewellery or gold ornaments owned by the applicant. The applicant should meet all the required KYC documents. The lender does not consider the CIBIL score or any other credit score while evaluating the gold loan eligibility of its applicants.
Bank of Maharashtra Gold Loan Documents
- Two passport sized photographs
- Identity Proof- PAN card, Aadhaar card, Voter ID, passport, photo ID card issued by the current employer
- Address Proof- Aadhaar card, telephone bill, electricity bill, voter ID, driving license, passport