Maharashtra Gramin Bank Gold Loan Key Features – Apply Now
| Maharashtra Gramin Bank Gold Loan Interest Rate | 7.25% per annum |
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Maharashtra Gramin Bank Gold Loan Rate Per Gram
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Rate Per Gram is ₹ 3,800 to ₹ 4,350 |
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Maharashtra Gramin Bank Processing Fee
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0.75% of the Principal Loan Amount
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| Maharashtra Gramin Bank Maximum Loan Amount |
Up to Rs. 1 Crore (With Income Proof)
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| Maharashtra Gramin Bank Minimum Loan Amount |
75% LTV
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Maharashtra Gramin Bank Gold Prepayment Charges
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2%+GST (Within 3 Months), 0 (After 3 months)
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Maharashtra Gramin Bank Gold Repayment Tenure
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Up to 36 Months
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Maharashtra Gramin Bank Gold Repayment Scheme
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Bullet Payment Scheme, Overdraft Scheme
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Advantages of Maharashtra Gramin Bank Gold Loan
- Transparent System – The system of the Best Gold Loan is distinct. Therefore, there are no norms that are hidden.
- No-Debt Burden – Secondly, There can be situations in which a borrower is not able to repay the gold loan amount in such a case the borrower will not be under debts as the bank will position to take Gold jewelry.
- Low-Rate of Interest – Most significantly, the borrower will have to pay a lower interest rate compared to other loans.
- The low-interest rate for Farmers – In fact, The farmers are given a rebate on the interest rate on availing a gold loan.
- No bounds on Income – There are no bounds on the salary or income of the borrower; hence, a person with any income range can avail a gold loan from the bank.
- Safety of Assets – One of the significant advantages, the borrower does not, has to worry about the safety of the gold ornament as it is the headache of the bank/NBFC’s and not the owner for protection of their decoration.
- Swift Process – This is a secured loan. Therefore, you can get your gold loan disbursed in just 30min.
- Less Documentation process – Lastly, the applicant has to submit decidedly fewer documents to avail a gold loan which makes it a hassle-free service.
- Foreclosure: Maharashtra Gramin Bank Gold Loan charges from a borrower to .50% on the key amazing if there should be an event of a Gold Loan Foreclosure.
How much loan Can I Get Through Maharashtra Gramin Bank Gold Loan – updated January 2021 ?
| Maharashtra Gramin Bank Gold Loan Rates/ Gram – updated Jan 2021 | ||||
| Weight | Loan on 18Cr gold | Loan on 20Cr gold | Loan on 22Cr gold | Loan on 24Cr Gold |
| 1 gm | 2431 | 2713 | 2996 | 3278 |
| 10 gms | 24310 | 27130 | 29960 | 32780 |
| 20 gms | 48620 | 54260 | 59920 | 65560 |
| 30 gms | 72930 | 81390 | 89880 | 98340 |
| 50 gms | 121550 | 135650 | 149800 | 163900 |
| 100 gms | 243100 | 271300 | 299600 | 327800 |
| 200 gms | 486200 | 542600 | 599200 | 655600 |
| 300 gms | 729300 | 813900 | 898800 | 983400 |
| 500 gms | 1215500 | 1356500 | 1498000 | 1639000 |
About Maharashtra Gramin Bank Gold Loan
Maharashtra Gramin Bank is an (RRB) Indian Regional Rural Bank or Gramin bank, in Maharashtra state with its head office is in Aurangabad city. Govt of India vide its notification on 25 March 2008 amalgamated the two RRBs, i.e., Aurangabad Jalna Gramin Bank as well as Thane Gramin Bank into a single RRB named Maharashtra Godavari Gramin Bank.
Moreover, it is one of 56 Gramin banks in India supported by the government that aims to bring banking services to rural areas. Besides that Its branch network is concentrated in six regions of Maharashtra, namely, Aurangabad, Beed, Latur, Nanded, Parbhani, and Thane. Bank of Maharashtra sponsored the Maharashtra Gramin Bank.
Maharashtra Gramin Bank Gold Loan Eligibility
Maharashtra Gramin Bank Gold Loan is a financial product provided by the bank which caters to your needs of short term or long term funds. It is easy to avail monetary service provided by banks at low rates of interest and also requires minimal documentation for the same. Maharashtra Gramin Bank gives you the Loan amount within an hour of application as the valuation and approval process is quickly done, keeping in mind your urgency regarding the need for funds.
Major Eligibility criteria for availing the Maharashtra Gramin Bank Gold Loan is:
| Age | 18-75 years |
| Requirements | Gold ornaments (18-22 carats) |
| CIBIL score | Above 500 |
| Nationality | Indian |
Maharashtra Gramin Bank Gold Loan At Home
With the changing needs of the times, Maharashtra Gramin Bank has come across a simple yet valuable solution that will make everything easy for you. Just like your necessary commodities such as groceries, clothes and much more, everything is provided at your doorstep, in the same way, now, you can quickly get a gold loan at the comfort of your home.
If you are in urgent need of funds or too busy to visit a bank or prefer social distancing, Maharashtra Gramin Gold Loan At home is a one-step solution. The process is straightforward. You need to give us a call to put in your request for a gold loan. Our executive from the nearest branch will visit your home at the earliest. Everything will be done at your home in your presence, from the evaluation of the loan documentation to the transfer of the loan amount. Furthermore, there are many benefits of Maharashtra Gramin Bank Gold Loan at Home:
- Fast loan approval
- Lower interest rates
- Maximum value of gold
- Flexible repay tenures
- Easy payment options
- No additional charges
- 24*7 customer support
- Full security of the gold
- No hidden fees
- Service at your doorstep within 30 minutes
Maharashtra Gramin Bank Gold Loan Documents Required
Gold Loan is a loan product offered to applicants by the Maharashtra Gramin Bank wherein funds are provided for fulfilling the financial needs of the applicant. The gold articles of the applicant are kept as security by the bank in exchange for the funds. The entire Maharashtra Gramin Bank Gold Loan process is hassle-free and easy to get with minimal documentation. The bank ensures high security of your gold ornaments till the loan is closed.
Documents required for Applying for Maharashtra Gramin Bank Gold Loan are :
| Identity Proof | Aadhar Card/Pan Card/ Passport/ Voter ID (Any one) |
| Residence Proof | Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card (Anyone) |
| Agriculture Proof ( if applicable) | Agriculture Land Ownership Proof |
| Photographs | 2 Passport sized coloured |
Maharashtra Bank Gold Loan Interest Rate
In general, Gold Loan credit is available at a low interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the Best Gold loan interest rate is less than that of a personal loan or any other kind of loan. However, the Gold loan rate keeps on changing with the passage of time as well as person to person.
| Maharashtra Bank Gold Loan Rate | 7.25% per annum |
| Processing Fee | 0.85% of the loan amount |
| Loan Amount | ₹ 1,000 to ₹ 1 crore |
| Prepayment Charges | 0-2% of the outstanding principal amount |
Types of Maharashtra Gramin Bank Gold Loan
- Agricultural purpose: Maharashtra Gramin Bank offers loans against gold for agrarian purposes at a meagre rate of interest.
- Non-Agricultural purpose: The rate of interest by Maharashtra Gramin Bank are slightly higher for non-agricultural purpose loans.
Maharashtra Gramin Bank Gold Loan Apply Online
- Visit Dialabank‘s website.
- Fill a gold loan application form.
- Our relationship manager will contact you on your provided number.
- With the help of our experts, find and choose the best gold loan for yourself.
Maharashtra Gramin Bank Gold Loan EMI Calculator
| Rate | 6 months | 1 Yr | 2 Yrs | 3 Yrs |
| 7.00% | 17008 | 8652 | 4477 | 3088 |
| 8.00% | 17058 | 8699 | 4523 | 3134 |
| 8.50% | 17082 | 8722 | 4546 | 3157 |
| 9.00% | 17107 | 8745 | 4568 | 3180 |
| 9.50% | 17131 | 8678 | 4591 | 3203 |
| 10.00% | 17156 | 8791 | 4614 | 3227 |
| 10.50% | 17181 | 8815 | 4637 | 3250 |
| 11.00% | 17205 | 8838 | 4661 | 3274 |
| 11.50% | 17230 | 8861 | 4684 | 3298 |
| 12.00% | 17254 | 8885 | 4707 | 3321 |
| 12.50% | 17279 | 8908 | 4731 | 3345 |
| 13.00% | 17304 | 8932 | 4754 | 3369 |
| 13.50% | 17329 | 8955 | 4778 | 3393 |
| 14.00% | 17354 | 8979 | 4801 | 3418 |
| 14.50% | 17378 | 9002 | 4825 | 3442 |
| 15.00% | 17403 | 9026 | 4845 | 3466 |
How to Pay Your Maharashtra Gramin Bank Gold Loan EMI?
- Standing Instruction (SI): for Maharashtra Gramin Bank record holders.
- Electronic Clearing Service (ECS): for non-Maharashtra Gramin Bank account holders.
- Post-Dated Checks (PDC): to enable post-dated EMI cheques from a non-Maharashtra Gramin Bank account.
Maharashtra Gramin Bank Gold Loan Contact Number
For any assistance regarding a gold loan in Maharashtra Gramin Bank, you can contact on the number 9878981144.
Gold Ornaments Accepted by Maharashtra Gramin Bank
All sorts of gold jewellery such as Gold Bangles, Gold rings, Gold anklets, and Gold necklaces, (18-24 carats) all of these are accepted for availing a Gold Loan.
Uses of Maharashtra Gramin Bank Gold Loan
- To finance personal expenses like vacation expenses, tuition fees etc.
- Finance business needs like buying inventory, plant etc.
- Gold against the loan for agricultural purposes.
Maharashtra Gramin Bank Agricultural Jewel Loan Scheme
| Scheme | Agricultural Jewel Loan Scheme |
| Interest Rate | Starting from 7.25% per annum (depends on the sum of the loan |
| Least amount of Loan | Depends on the value of the jewel which is being kept as security |
| Loan period | Adjustment of advance sum inside 2 months from the date of reap of yields |
Benefits of Maharashtra Gramin Bank Agricultural Jewel Loan Scheme
- There is no figuring everything out the cost is really up to ₹ 25,000
- 0.30% of the credit total, Minimum of ₹ 300 charge is material to unquestionably the going from above ₹ 25,000 – not generally ₹ 5 lakh
- 0.28% of the credit outright, subject to at any rate Rs.1,500 is genuine to the absolute more than Rs.5 lakh in any case under Rs.1 crore
Maharashtra Gramin Bank Gold Loan Overdraft Scheme
Maharashtra Gramin Bank offers an Overdraft Scheme. With this, you are given an improvement preeminent as an overdraft office. It works like a Credit Card, where you can spend your Gold Loan Amount as you need at point any spot. The overall development hard and fast will have a Credit/Loan Limit. In the Maharashtra Gramin Bank Gold Loan Overdraft office, the bank charges pay generally on the supreme you pull out/use.
FAQs About Maharashtra Gramin Bank Gold Loan
✅ What is Maharashtra Gramin Bank Gold Loan?
Maharashtra Gramin Bank Gold Loan is a loan against a gold scheme that comes with the maximum funding of 75% of the total market value of your gold. The loan amount can be used for all your personal and business needs. Gold Loan by Maharashtra Gramin Bank is a financial product that can fulfil your short term fiscal requirements. If you are above 18 years and are a permanent resident of the country with possession of gold, you can apply for Maharashtra Gramin Bank Gold Loan.
✅ How can I get a Gold Loan from Maharashtra Gramin Bank?
- Fill in your required information in the gold loan form available on Dialabank.
- Our trained Relationship Manager will help you find the best offers in 2020.
- We will suggest you the loan according to your eligibility.
- Kindly visit the nearest assigned branch by the manager.
- Get the loan in your accounts instantly.
✅ How much Gold Loan can I get per gram in Maharashtra Gramin Bank?
Gold Loan rate Per gram rates in Maharashtra Gramin Bank varies according to the purity of your gold and the current prevailing market rates. Rs. 2,464 to Rs. 3,311 based on the purity of gold is the amount you can get.
✅ What is the Gold Loan interest rate in Maharashtra Gramin Bank?
Maharashtra Gramin Bank Gold Loan interest rates can be as low as 7.25% per annum depending on the amount and the purpose of your loan. They also charge some documentation, valuation, and processing fee from the applicant.
✅ How to calculate Gold Loan Interest in Maharashtra Gramin Bank?
You can easily calculate the gold loan interest rate in Maharashtra Gramin Bank by subtracting the principal amount from the total sum to be paid.
✅ What is the maximum loan amount I can avail myself on Gold Loan from Maharashtra Gramin Bank?
You can get a maximum amount of Rs 1 crore on a Maharashtra Gramin Bank Gold Loan as the bank offers around 75% of the gold ornaments’ market value.
✅ How much is the Processing Fee applicable on Maharashtra Gramin Bank Gold Loan?
A processing fee of 0.75% of the loan amount is charged.
✅ How to pay Maharashtra Gramin Bank Gold Loan Interest online?
For Maharashtra Gramin Bank account holders, online payments can be made through the bank’s online portal or mobile application via net banking, debit cards or mobile wallets such as Paytm.
✅ What if I cannot pay the interest on Maharashtra Gramin Bank Gold Loan for 3 months?
If someone defaults on the payments of Maharashtra Gramin Bank Gold Loan interest for 3 months, a penalty fee will be charged by Maharashtra Gramin Bank. Many defaults can lead to the bank selling off your gold jewellery.
✅ How can I apply for EMI Moratorium on Maharashtra Gramin Bank Gold Loan?
You can apply for EMI Moratorium on Maharashtra Gramin Bank Gold loan online by logging in to the bank’s portal with your credentials or by personally visiting the main branch. The moratorium request should be submitted at least five working days before the due date of your EMI.
✅What is the Maharashtra Gramin Bank Gold Loan Overdraft Scheme?
Maharashtra Gramin Bank offers an Overdraft Scheme. With this, you are given an improvement preeminent as an overdraft office. It works like a Credit Card, where you can spend your Gold Loan Amount as you need at point any spot. The overall development hard and fast will have a Credit/Loan Limit. In the Maharashtra Gramin Bank Gold Loan Overdraft office, the bank charges pay generally on the supreme you pull out/use.
✅What is the customer care number for Maharashtra Gramin Bank Gold Loan?
Call at 9878981144 for any query.
✅What is the foreclosure procedure for Maharashtra Gramin Bank Gold Loan?
Maharashtra Gramin Bank Gold Loan empowers a borrower to .50% on the key amazing if there should be an event of a Gold Loan Foreclosure.
✅What is the Maharashtra Gramin Bank Gold Loan maximum loan tenure?
The maximum loan tenure is up to 36 months.
✅ What is the minimum Maharashtra Gramin Bank Gold loan tenure?
The minimum gold loan tenure is 3 months.
✅What is the Maharashtra Gramin Bank Gold Loan closure procedure?
The Gold loan will only close after the payment is done in full.
✅ What are Maharashtra Gramin Bank Gold Loan Preclosure charges?
The Bank preclosure charges are 2%+GST (Within 3 Months) and 0 (After 3 months).
