Bank of Maharashtra offers a golden opportunity for financial liberation through their Maha Gold Loan plan
In the ever-evolving landscape of financial services, Bank of Maharashtra has introduced a new scheme aimed at providing a solid foundation for financial freedom - the Maha Gold Loan Scheme. Launched in 2025, this innovative gold loan offering has been designed to cater to a wide range of financial needs, from modest requirements of INR 20,000 to substantial loans of INR 100 lakh.
The Maha Gold Loan Scheme offers a 15% margin on term loans and cash credit facilities, providing borrowers with a substantial amount of liquidity. The loan-to-value (LTV) ratio for this scheme is set at 85% of the gold's market value, ensuring that customers can access a substantial portion of the value of their gold assets.
Interestingly, for loans up to INR 3 lakh, there are no prepayment penalties, offering borrowers the flexibility to repay their loans as per their convenience. Repayment terms for this scheme extend up to 60 months, providing ample time for borrowers to manage their repayments effectively.
It's worth noting that no documentation or inspection charges are applicable for the Maha Gold Loan Scheme, making the process more straightforward and less burdensome for customers.
However, for specific details about the terms and conditions of the Maha Gold Loan Scheme, interested individuals are advised to visit the bank's official website at Bank of Maharashtra. The processing fees structure for the scheme can also be found on the bank's website.
As for the interest rates, they stand at 8.65% P.A. and 8.70% P.A. (terms and conditions apply). Unfortunately, this article does not delve into success stories or case studies related to the Maha Gold Loan Scheme.
In conclusion, the Maha Gold Loan Scheme is a valuable addition to Bank of Maharashtra's repertoire of financial services. With its flexible repayment options, competitive interest rates, and streamlined process, it presents an attractive option for those seeking financial freedom backed by the security of their gold assets.
This article was authored by Bizz Impact and was last updated on September 6, 2025, at 18:09 IST.
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