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Business, & agriculture finance

Mahabank Gold Loan Scheme

₹20,000 to ₹1 crore against pledged gold for eligible individual and proprietary , with 12-month or bullet repayment and nil prepayment charge.

Facility amount₹20,000 to ₹1 crore.Interest rateRLLR + 0.40% = 8.45% p.a. using the current 8.05% RLLR. The page's displayed 8.70% example uses an older 8.30% RLLR.Customer typeIndividuals or proprietary manufacturing, trading or service concerns with mandatory Udyam registration and eligible gold owned singly or jointly with a spouse.
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Quick eligibility check

Mahabank Gold Loan Scheme

0 of 9 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: Individuals or proprietary manufacturing, trading or service concerns with mandatory Udyam registration and eligible gold owned singly or jointly with a spouse?

Published source: Customer type

2Do you meet this requirement: Application/KYC?

Published source: Required documents

3Do you meet this requirement: Udyam registration?

Published source: Required documents

4Do you meet this requirement: entity/activity and financial records?

Published source: Required documents

5Do you meet this requirement: eligible gold ownership and joint/spouse records where applicable?

Published source: Required documents

6Document checkDo you have this required document or proof: Signed application and KYC?

Published source: Required documents

7Document checkDo you have this required document or proof: Udyam registration number?

Published source: Required documents

8Document checkDo you have this required document or proof: Business/entity and activity records?

Published source: Required documents

9Document checkDo you have this required document or proof: Gold ownership and spouse/joint-owner records where applicable?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Mahabank MSME Gold Loan Scheme
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.

Customer typeIndividuals or proprietary manufacturing, trading or service concerns with mandatory Udyam registration and eligible gold owned singly or jointly with a spouse.View source
Complete eligibility row reviewed.
Source
Gold Loan
Page / section
Eligibility entities
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Turnover / vintageNot published.View source
No turnover or vintage threshold appears on the complete page or applicable schedules.
Source
Gold Loan
Page / section
Complete page and applicable schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Facility amount₹20,000 to ₹1 crore.View source
Published minimum and maximum reviewed.
Source
Gold Loan
Page / section
Quantum
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateRLLR + 0.40% = 8.45% p.a. using the current 8.05% RLLR. The page's displayed 8.70% example uses an older 8.30% RLLR.View source
Product formula reconciled arithmetically to the current official benchmark; stale page example retained transparently.
Source
Gold Loan and current notice
Page / section
Interest rate; page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureMaximum 12 months for EMI and bullet repayment.View source
Both repayment routes reviewed.
Source
Gold Loan
Page / section
Tenure and repayment mode
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Collateral / marginPledge of eligible gold; 25% margin for EMI repayment or 32% for bullet repayment.View source
Complete margin and security rows reviewed.
Source
Gold Loan
Page / section
Margin and security
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNot published for the MSME Gold Loan scheme.View source
The product page has no processing fee; the tariff has a separate Maha Bank Gold Loan row but does not identify it as this scheme, so it was not conflated.
Source
Gold Loan and Service Charges
Page / section
Complete page; full tariff search
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsApplication/KYC; Udyam registration; entity/activity and financial records; eligible gold ownership and joint/spouse records where applicable; pledge and valuation papers.View source
Product-specific ownership/registration and common requirements reviewed.
Source
Gold Loan and Checklist
Page / section
Eligibility; checklist 1-14
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic availabilityIndia, through Bank of Maharashtra branches offering the scheme.View source
Official national bank product page reviewed.
Source
Gold Loan
Page / section
Official product page
Accessed
31 Aug 2026
Confidence
medium
Open official source ↗
Prepayment chargeNil.View source
Product-specific nil charge reviewed.
Source
Gold Loan
Page / section
Pre-payment charges
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹20,000 to ₹1 crore
  • 12-month or bullet route
  • 25% margin or 32% bullet margin
  • Nil prepayment charge
  • Business funding and eligible outside-business-debt repayment

Eligibility

  • Individuals or proprietary concerns in manufacturing, trading or services who own eligible gold ornaments, jewellery or coins singly or jointly with a spouse; Udyam registration is mandatory.

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

Documents the bank lists

  • Signed application and
  • Udyam registration number
  • Business/entity and activity records
  • Gold ownership and spouse/joint-owner records where applicable
  • Financial and repayment-capacity records
  • Pledge and valuation documentation

Related official documents

MCLR and RLLR with Effect from 25.07.2026official-pdf · current · accessed 31 Aug 2026
↗
Documents Need to Be Submitted for MSME Loanofficial-checklist-page · current · accessed 31 Aug 2026
↗
Mahabank MSME Gold Loan Schemeofficial-product-page · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Commercial, MSME, Agriculture and All Creditofficial-pdf · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,617twenty-one thousand six hundred seventeen rupees
Interest paid over the full loan₹26,87,968twenty-six lakh eighty-seven thousand nine hundred sixty-eight rupees
Everything you repay₹51,87,968fifty-one lakh eighty-seven thousand nine hundred sixty-eight 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.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Purpose · Published detailBusiness requirements; repayment of outside business debt/liability

This value is copied from Mahabank Gold Loan - complete published details. Check the table notes before relying on it.

Source: Gold Loan · Complete page, reconciled with current benchmark Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 8 rows · 2 columnsMahabank MSME Gold Loan - complete published detailsView tableHide table

Scroll sideways to view every column

Mahabank MSME Gold Loan - complete published details
ParameterPublished detail
PurposeBusiness requirements; repayment of outside business debt/liability
EligibilityIndividual/proprietary manufacturing, trading or service concern; gold owned singly/jointly with spouse; Udyam mandatory
Quantum₹20,000-₹1 crore
route25% margin; maximum 12 months
Bullet route32% margin; maximum 12 months; principal and accrued interest at maturity, monthly rests
Rate formula + 0.40%; page displays 8.70% using old 8.30% ; current 8.05% gives 8.45%
SecurityGold jewellery/ornament pledge
PrepaymentNil
Gold Loan · Complete page, reconciled with current benchmark · accessed 31 Aug 2026Open official source ↗
Table 2 · 6 rows · 3 columnsBank of Maharashtra benchmark rates effective 25 July 2026View tableHide table

Scroll sideways to view every column

Bank of Maharashtra benchmark rates effective 25 July 2026
BenchmarkResidual maturityRate p.a.
Overnight 1 day7.30%
One-month >1 day-1 month8.30%
Three-month >1-3 months8.55%
Six-month >3-6 months8.90%
One-year >6 months9.00%
External benchmark8.05%
and effective 25.07.2026 · page 1 · accessed 31 Aug 2026Open official source ↗
Table 3 · 5 rows · 2 columnsShared MSME documentation and applicable fee evidenceView tableHide table

Scroll sideways to view every column

Shared MSME documentation and applicable fee evidence
AreaPublished detail
Common documentation14-row checklist: application/, registrations, constitution, net worth/, resolutions, , audited financials, projections, banking, security, TEV/rating and licences as applicable
Working-capital processingNil up to ₹5 lakh; 0.35% p.a. above
Term-loan processingNil to ₹5 lakh; 1% above ₹5 lakh-₹25 crore; 0.80% above ₹25-₹100 crore; 0.70% above ₹100 crore
Floating business-purpose loan to individual/Nil prepayment charge
Other term-loan prepayment2% above 25% trigger; exemption
Service Charges and Checklist · pages 80-81 and 93-94; checklist rows 1-14 · accessed 31 Aug 2026Open official source ↗

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