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Maha Gold Loan Scheme | Bank of Maharashtra

Gold loan by Bank of Maharashtra. Bank of Maharashtra provides hassle-free bank loan.

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Maha Gold Loan Scheme | Bank of Maharashtra

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  1. Maha Gold Loan Scheme Bank Of Maharashtra www.bankofmaharashtra.in

  2. Purpose of the Loan To cater to the requirements of meeting personal expenditure of varied needs like marriage, higher education, medical emergencies, business travel etc. Purpose of loan will have to be specified along with an undertaking that loan will not be used for any speculative purposes. www.bankofmaharashtra.in

  3. Eligibility All individuals including Bank Staff desirous of availing Gold Loan against Gold Jewellery/Ornaments. The applicant should satisfy the KYC guidelines. www.bankofmaharashtra.in

  4. Quantum Of Loan Minimum 20,000 (twenty Thousand only) Maximum upto 25 lakhs Rs. 3395/- 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 Eligible Loan Limit www.bankofmaharashtra.in

  5. Processing Charge Upto 3 lakhs- Nil Above 3 lakhs to 5 lakhs- Rs 500 Above 5 lakhs to 10 lakhs- Rs 1000 Above 10 lakhs to 25 lakhs- Rs 1500 Above 25 lakhs- Rs 2000 No documentation charge www.bankofmaharashtra.in

  6. Interest Rate 7% www.bankofmaharashtra.in

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