Beti Bachao Beti Padhao

With a focus on the inherent value of the pledged gold, gold loans has become one of the most popular option for getting instant funds. Get your secured Mahabank Gold Loan that comes with no hidden charges and quick sanction, ensuring a swift financial solution for you.

With Bank of Maharashtra Gold Loan scheme, leverage the value of your gold assets to generate more happiness for you!

best gold loan rates

Interest Rate

9.30% P.A

Features and benefits of Gold Loan

  • best gold loan rates,plot loan interest rate
    Low EMI
  • higher gold loan amount
    Higher Loan Amount
  • track my loan
    Track my Loan
  • no prepayment penalty
    No Prepayment Penalty
  • no hidden charges
    No Documentation Charges
  • approved projects
    No Inspection Charges
  • Type of Facility : Term Loan/Cash Credit
  • Maximum Tenure up to 24 months
  • Minimum Quantum of Loan​: Rs. 20,000/- (Twenty thousand Only)
  • Maximum Amount​: Up to Rs. 25.00 lakh* (*extended up to Rs. 100.00lakh, T&C Applied)
  • Out of Pocket Expenses (Packing Charges): Rs. 100/- + GST
  • No Pre-Payment / Pre-closure / Part payment Charges.
  • Bank of Maharashtra Offers Lowest Interest Rate on Gold Loan in India
gold loan eligibility

Repayment TypeMargin
Bullet Repayments (Maximum 12 months)30%
In all other cases (TL/CC)25%

LTV ratio 75% is to be maintained throughout the tenure of the Loan. (Total outstanding Including int./Value of Gold)

  • Up to Rs.3.00 lakh - NIL
  • Above Rs.3.00 lakh to Rs. 5.00 lakh - NIL
  • Above Rs. 5.00 Lakh to Rs. 10.00 lakh – NIL
  • Above Rs.10.00 lakh to Rs.20.00 lakh - Rs.1500
  • Above Rs.20.00 lakh- Rs. 2000

  • TL / CC- Maximum – 24 Months
  • In case of Bullet Repayment Maximum - 12 Months​

Pledge of gold jewellery/ ornaments.
Bank shall not grant any advance against bullion / primary gold

Gold Loan Documents Required

  • Two Passport Size Photographs.
  • Proof of Identification: (any one)
    • Election ID Card
    • Pan Card
    • Aadhar Card
    • Driving License
    • Photo Identity card issued by the current Employer
    • Passport
  • Proof of Residence : (any one)
    • Electricity Bill
    • Election ID Card
    • Telephone Bill (Landline)
    • Aadhar Card
    • Driving License
    • Passport

Gold Loan Interest Rates

lowest gold loan interest rates
vehicle loan rates

Gold Loan Interest Rate

9.30% P.A

Fore more Interest Rates & Charges Click here

Gold Loan Eligibility

vehicle loan eligibility

How will Bank of Maharashtra decide the gold loan amount i am eligible for?

All Individuals including Bank staff desirous of availing Gold Loan against Gold Jwellery / ornaments.

The applicant should satisfy the KYC guidelines.

Eligible Loan Limit

Rs. 4895/- 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 the ornaments / jwellery to be pledged, whichever is less
Note : Scale of Finance will be reviewed from the time to time

Gold Loan Repayment

vehicle loan eligibility

Repayment Mode

A) Term Loan Facility
1. Principal Equally Distributed / EMI

The maximum repayment period is 24 Months. Repayment should be fixed in terms of monthly / quarterly / half yearly / Yearly.


Interest should be charged on monthly basis and should be serviced as and when applied

2. Bullet Repayment

The repayment period of such loans shall not exceed 12 months. Bullet Repayment of Interest & Principal at the end of term. Interest will be charged to the account at monthly rests but will become due for payment along with Principal only at maturity.

B) Cash Credit

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

Frequently Asked Questions (FAQs)

frequently asked questions

As the name suggests this is the loan given against gold. It’s a secured loan that enables borrowers to pledge their gold in lieu of a cash loan. It enables people to utilize their gold assets instead of storing them in lockers.

A gold loan is a method of availing finance/loan against your gold ornaments or jewellery such as bangles, necklaces, bracelets, earrings, pendants, gold coins (issued by Banks Only in tamper proof packaging) etc.

Under the extant guidelines, Rs. 4895/- per gram of 22 carat gold ornaments 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, that much loans sanctioned by banks against pledge of gold ornaments and jewellery.

You can start the process of applying for a Best Gold Loan in any of the following ways:

  • In person at any Bank of Maharashtra Branch. To find the closest Branch to you, please click here
  • Apply from anywhere anytime with our online application. To apply online please click here
  • By contacting our call centre. To find the toll-free numbers, click here

Gold loan rate of Interest are fixed and offered as on date of Loan disbursement. Bank of Maharashtra’s Lowest Gold Loan Interest rate starts from 9.30% p.a*., subject to change as per RBI norms and at the discretion of the bank.

Monthly compounding interest is charged, which the borrower has to pay at the specified periodicity or at the closure of loan, whichever is earlier. The interest rate is fixed and calculated on a reducing balance basis.

*Gold Loan under retail advances

A PAN card is not a mandatory document to apply for a gold loan. However, the applicant should satisfy the KYC guideline.

All individuals including bank staff can avail the gold loan against gold ornaments / jewellery from Mahabank.

There is No charges for Documentation and Inspection. Processing charges will be varying on loan amount and right now ‘NIL’ up to loan of Rs. 10.00 lakh.

While availing Bank Of Maharashtra Gold Loan No Guarantor is required.

No, a CIBIL score is not required when availing a Mahabank gold loan. The eligibility criteria for a gold loan does not include a credit score or credit check of any sorts - only the KYC documents required for gold loan should be submitted.

The gold loan interest is calculated differently and is set by the bank.

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