Maha Gold Loan Scheme (Loan against Gold Ornaments)

Maha Gold Loan Scheme



Revised Scheme guidelines


Name of the scheme

Mahabank Gold Loan scheme


Purpose of loan

To cater to the requirements of meeting other personal expenses,
whatsoever which include personal expenditure of varied needs
like marriage, higher education, medical emergencies, business
travel etc.


Type of credit facilities

For General Purpose only : Term loan / Cash Credit subject to Maximum Repayment tenor of 12 months depending on need of individual



All individuals desirous of availing Gold Loan against gold
jewellery /ornaments


Age Limit

  • Minimum : 18 Years
  • Maximum: 70 Years


Quantum of Loan

  • Minimum : Rs.20,000/-
  • Maximum: Rs. 5.00 lakh *Subject to eligibility for loan<
    amount based on scale of finance and Loan to value
    (LTV) ratio of not exceeding 75% of the loan amount
    during the course of the loan


Eligible loan amount

Rs. 2000/- 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
Note : Scale of finance will be reviewed from time to time


Security for the loan

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


Repayment of loan

Term Loan Facility : Principal: The maximum repayment period is 12 Months. The repayment can also be fixed as bullet payment. Interest : Interest should be charged on monthly basis and should be serviced as and when applied  Cash credit Facility : 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


Rate of interest (Floating)

Click here to view the Interest Rate


Processing charges

As applicable

Designated branches for lending under Maha Bank Jewel Loan