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Bank of Maharashtra Gold Loan

Secured term finance against pledged gold jewellery or ornaments, with ₹20,000 minimum, up to ₹1 crore, and per-gram scale tables, and no credit-score requirement.

RatePublished EMI/PED rate table: 8.50% p.a. up to ₹1 crore at 75% LTV, 9.00% up to ₹5 lakh at 80% LTV and 9.25% up to ₹2.50 lakh at 85% LTV. Bullet-repayment tables use the same rates with lower LTV. The page separately states the current lowest rate from 8.50% p.a.Maximum amountMinimum quantum ₹20,000 and maximum amount up to ₹1 crore, subject to the bank's terms and LTV tables.TenureTerm-loan repayment up to 24 months; bullet repayment up to 12 months.
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Quick eligibility check

Bank of Maharashtra Gold Loan

0 of 4 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: all individuals who own eligible gold and satisfy KYC can apply?

Published source: Minimum income

2Do you meet this requirement: Applicant must be 18 or older, own the pledged gold and satisfy KYC?

3Do you meet this product condition: Gold bullion or primary gold is not accepted as security?

4Document checkDo you have this required document or proof: Two passport photographs, identity proof and residence proof; gold jewellery/ornaments for valuation?

Published source: Minimum income
0 of 4 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeSecured term loan against pledged gold jewellery or ornaments; bullion and primary gold are excluded.View source
The page identifies the facility as a term loan and specifies pledge of jewellery/ornaments.
Source
Gold Loan
Page / section
Type of facility; security
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
RatePublished EMI/PED rate table: 8.50% p.a. up to ₹1 crore at 75% LTV, 9.00% up to ₹5 lakh at 80% LTV and 9.25% up to ₹2.50 lakh at 85% LTV. Bullet-repayment tables use the same rates with lower LTV. The page separately states the current lowest rate from 8.50% p.a.View source
The page prints , and per-gram scale-of-finance rows for /PED and bullet repayment.
Source
Gold Loan
Page / section
Eligible loan limit and interest-rate tables
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRLLR plus a published spread: RLLR + 0.45% = 8.50%, RLLR + 0.95% = 9.00% and RLLR + 1.20% = 9.25% in the reviewed scale table.View source
The official table expresses each as plus a spread.
Source
Gold Loan
Page / section
Eligible loan limit tables
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR figure is published.View source
The page publishes fixed and fees but no fee-inclusive .
Source
Gold Loan
Page / section
Complete product page
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo income threshold is published and no CIBIL score is required; all individuals who own eligible gold and satisfy KYC can apply.View source
The says all individuals can apply and that no score is required; eligibility lists age, ownership and .
Source
Gold Loan
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountMinimum quantum ₹20,000 and maximum amount up to ₹1 crore, subject to the bank's terms and LTV tables.View source
The page states minimum Rs. 20,000 and maximum up to Rs. 100 lakh.
Source
Gold Loan
Page / section
Features and benefits
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureTerm-loan repayment up to 24 months; bullet repayment up to 12 months.View source
The official page states term-loan maximum 24 months and bullet maximum 12 months.
Source
Gold Loan
Page / section
Loan tenure; repayment mode
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeUp to ₹3 lakh: nil; above ₹3 lakh to ₹5 lakh: ₹500; above ₹5 lakh to ₹10 lakh: ₹1,000; above ₹10 lakh to ₹20 lakh: ₹1,500; above ₹20 lakh: ₹2,000. Packing/out-of-pocket expense is ₹100 plus GST.View source
The processing-charge table gives each slab and the page lists ₹100 + packing charges.
Source
Gold Loan
Page / section
Processing charges; out-of-pocket expenses
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo pre-payment, pre-closure or part-payment charges.View source
The official features list says no pre-payment, pre-closure or part-payment charges.
Source
Gold Loan
Page / section
Features and benefits
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Interest rate published from 8.50% p.a. on the reviewed table
  • ₹20,000 minimum and up to ₹1 crore maximum amount
  • No documentation or inspection charge published
  • No guarantor and no score required
  • No pre-payment, pre-closure or part-payment charge

Eligibility

  • Applicant must be 18 or older, own the pledged gold and satisfy . Gold bullion or primary gold is not accepted as security.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Two passport photographs, identity proof and residence proof; gold jewellery/ornaments for valuation

Related official documents

Gold Loan — official product pageofficial-product-page · current · accessed 31 Aug 2026
↗

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Personal Loan · RateFrom 8.75% p.a.

This value is copied from Bank of Maharashtra personal, education, skill and gold loans — published terms. Check the table notes before relying on it.

Source: Bank of Maharashtra official retail loan pages · Personal, Model Education, Skill and Gold loan tables Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 5 columnsBank of Maharashtra personal, education, skill and gold loans — published termsView tableHide table

Scroll sideways to view every column

Bank of Maharashtra personal, education, skill and gold loans — published terms
ProductRateAmount / eligibilityTenureFees / security
Personal LoanFrom 8.75% p.a.₹3 lakh annual income; up to 20× gross monthly income, max ₹20 lakh60–84 months by scheme1% + ; unsecured; no prepayment penalty
Model Education LoanEducation page starts at 6.85% p.a.; model scheme links current table₹10 lakh India / ₹20 lakh abroad; parent/guardian co-borrowerUp to 180 plus course-period moratoriumAbroad processing 0.50% refundable on course take-up; collateral above ₹7.5 lakh
Mahabank Skill LoanNumeric rate not printed on reviewed scheme page₹5,000–₹7.50 lakh; eligible NSQF/SIDH courses36/60/84 months by amount; 6/12-month moratoriumNil processing; collateral-free with CGFSSD cover
Gold Loan8.50%–9.25% p.a. by slab and ₹20,000–₹1 crore; age 18+, own gold, ; no requiredTerm up to 24 months; bullet up to 12 monthsSlab fee ₹0–₹2,000 plus ₹100 + packing; gold pledged; no prepayment charge
Bank of Maharashtra official retail loan pages · Personal, Model Education, Skill and Gold loan tables · accessed 31 Aug 2026Open official source ↗

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