Bank of Maharashtra Gold Loan Per Gram

Bank of Maharashtra Gold Loan Per Gram Today is ₹ 72,800 to ₹ 78,350

• The gold loan rate per gram for the day is Rs. 3,292 for 22-carat gold and Rs. 2,993 for 20-carat gold and Rs. 2,693 for 18-carat gold.
• The processing fee for the gold loan per gram in the Bank of Maharashtra is 1% of the loan amount or 1000 Rs. whichever seems to be higher.
• You could check the eligibility criteria online before deciding to avail of the loan, along with the information about the interest rates and the gold loan rate per gram.
• The RBI has also decided to increase the loan to value ratio for gold loans from 75% to 90% and this is only till 31st March 2021.

Bank of Maharashtra Gold Loan Calculator

The Bank of Maharashtra Gold Loan Calculator provided by Dialabank gives you an approximate estimate of how much gold loan you can avail of based on the factors mentioned below.

1. The total weight and the purity of the gold being pledged: The bank would use their in-house valuers to check the purity and the total weight of the gold in your jewellery. To avail a gold loan to your benefit the purity of the gold should range from 18 to 24 carats. The Bank of Maharashtra would reduce the weight of the gems and stones from your jewellery and calculate the value of the gold alone.
2. The price of the gold: After the purity and the net weight has been estimated from your gold jewellery, the bank would multiply the price of the gold to calculate the actual value of the gold. RBI has made it mandatory for all the banks to have the average price of 22-carat gold for the past 30 days, ready in hand to calculate the loan amount
3. Loan to Value Ratio: After the value of the jewellery has been calculated, the bank would apply for an LTV of up to 75% to calculate the jewel loan amount eligibility.

Bank of Maharashtra Gold Loan Rate Per Gram by Gold Purity

The table given below gives you an estimate of the gold loan per gram that the Bank of Maharashtra will offer against gold jewellery of different purity levels.

The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.

• Gold loan per gram offer for 22-carat jewelry will be between ₹ 4,620 to ₹ 4,956
• Gold loan per gram offer for 20-carat jewelry will be between ₹ 3,795 to ₹ 4,178
• Gold loan per gram offer for 18-carat jewelry will be between ₹ 3,460 to ₹ 3,784

Bank of Maharashtra Gold Loan Rate Per Gram

The table given below shows the Bank of Maharashtra Gold Loan Rate Per Gram – UpdatedMay 10 2025

Historical Gold Loan Rate Per Gram

Major Banks’ Gold Loan Rate Per Gram Comparison

Tips to Get The Highest Gold Loan Amount from Bank of Maharashtra

• The Bank of Maharashtra accepts both types of gold jewellery that is hall-marked and non-hallmarked jewellery for getting a gold loan. You can avail a higher loan amount if you pledge hallmarked jewellery more than when you do with non hallmarked jewellery. Some banks even reduce the processing fees if you have hallmarked jewellery.
• The bank would adjust the price of the 22-carat gold for the purity of the gold, always. So, make sure you always borrow for the higher purity jewellery as it would get you a higher loan amount.
• The Bank of Maharashtra would calculate the total weight of your jewellery to calculate the amount that you would avail as a gold loan. Hence, make sure you avoid pledging jewellery that has gems or stones and pledges ones that have more gold instead. This is because more the gold in the jewellery that you pledge, the more money that you get as a gold loan.
• Always try to get the maximum LTV on the value of gold. The Bank of Maharashtra is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.

ILLUSTRATION: The loan amount eligibility is decided on the basis of purity of gold, LTV and weight of gold. Suppose Mr A and his two friends Mr B and Mr C own different amounts of gold with varying purity. Mr A has 70 gram of gold with a purity of 18 carats. Mr B has 60 gram of gold with a purity of 20 carats and Mr C has 50 grams of gold with purity or 22 carats. They approach Bank of Maharashtra to avail a gold loan. The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary by the purity of gold and hence, will result in varying gold loan eligibility.