New Delhi (India), June 18: In times of uncertainty of rising prices, it becomes paramount for individuals with urgent financial needs, ranging from wedding expenses to medical emergencies or educational activities, to get quick financial relief and immediate access to funds. Can make a significant difference. , Recognizing this urgent need, Bank of Maharashtra is taking a step forward with its Maha Gold Loan Scheme. This carefully designed scheme is more than just financial assistance; It is a comprehensive solution to suit your needs. Apply now to secure the required funds for your personal expenses through Maha Gold Loan Scheme.
Easy financial assistance with Maha Gold Loan Scheme
Recognizing the diverse financial needs of its customers, Bank of Maharashtra has made the Maha Gold Loan Scheme as inclusive as possible.With loans starting from Rs. 20,000 and can be increased up to Rs. ₹100 Lakh- This scheme caters to a variety of needs. Furthermore, loans are offered at competitive interest rates of 9.30% per annum. Ensuring affordability for borrowers.Zero hassle, zero fee
An exceptional feature of the Maha Gold Loan Scheme is the low processing fee for the loan, as well as no prepayment penalty, documentation or inspection charges. This reflects the Bank's commitment to provide a hassle-free experience to its customers. This plan further simplifies financial responsibilities with no prepayment penalties, documentation and inspection charges. This approach reduces the financial burden on borrowers.
Simplified lending experience
The bank's customer-centric approach is further evident through its dual offering in facility types – benefits such as term loan or cash credit – empowering customers to choose as per their preferences.This is coupled with a flexible tenure of up to 24 months for term loans, allowing borrowers to choose a repayment schedule to suit their individual needs. The scheme simplifies the borrowing process with direct out-of-pocket expenses, including a nominal packing charge of Rs. 100 plus GST.
Flexible Gold Loan Option
Applicants are required to meet KYC guidelines to be eligible for a gold loan, ensuring a streamlined process for borrowers. The higher loan eligibility limit is updated regularly based on gold prices so that you can get the maximum loan amount on your gold.The loan-to-value (LTV) ratio of 75% ensures that borrowers receive fair valuation of their gold assets throughout the loan tenure.
Flexible repayment options and competitive fees
Maha Gold Loan Scheme offers flexible margins and schedules, with 30% margin for 12 month bullet repayments and 25% margin for term loan or cash credit facilities.
The processing fee for Maha Gold Loan Scheme has also been designed keeping in mind the convenience of the customer for different loan amounts:
• No processing fee for loans up to ₹3.00 lakh
• A nominal fee of ₹500 for loans ranging from ₹3.00 lakh to ₹5.00 lakh
• Nominal fee of ₹1000 for loans ranging from ₹5.00 lakh to ₹10.00 lakh
• Nominal fee of ₹1500 for loans ranging from ₹10.00 lakh to ₹20.00 lakh
• Nominal fee of ₹2000 for loans above ₹20.00 lakh
Maha Gold Loan Scheme of Bank of Maharashtra is another step towards fulfilling its commitment of providing innovative solutions to meet the various financial needs of its customers. With this scheme, customers can leverage their gold assets to secure funds at favorable terms, thereby strengthening the Bank's reputation as a customer-friendly institution dedicated to financial well-being. Apply now and experience the peace of mind that comes with trusted solutions from Bank of Maharashtra.To know more, please visit: https://bankofmaharashtra.in/
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Easy financial assistance with Maha Gold Loan Scheme
Recognizing the diverse financial needs of its customers, Bank of Maharashtra has made the Maha Gold Loan Scheme as inclusive as possible.With loans starting from Rs. 20,000 and can be increased up to Rs. ₹100 Lakh- This scheme caters to a variety of needs. Furthermore, loans are offered at competitive interest rates of 9.30% per annum. Ensuring affordability for borrowers.Zero hassle, zero fee
An exceptional feature of the Maha Gold Loan Scheme is the low processing fee for the loan, as well as no prepayment penalty, documentation or inspection charges. This reflects the Bank's commitment to provide a hassle-free experience to its customers. This plan further simplifies financial responsibilities with no prepayment penalties, documentation and inspection charges. This approach reduces the financial burden on borrowers.
Simplified lending experience
The bank's customer-centric approach is further evident through its dual offering in facility types – benefits such as term loan or cash credit – empowering customers to choose as per their preferences.This is coupled with a flexible tenure of up to 24 months for term loans, allowing borrowers to choose a repayment schedule to suit their individual needs. The scheme simplifies the borrowing process with direct out-of-pocket expenses, including a nominal packing charge of Rs. 100 plus GST.
Flexible Gold Loan Option
Applicants are required to meet KYC guidelines to be eligible for a gold loan, ensuring a streamlined process for borrowers. The higher loan eligibility limit is updated regularly based on gold prices so that you can get the maximum loan amount on your gold.The loan-to-value (LTV) ratio of 75% ensures that borrowers receive fair valuation of their gold assets throughout the loan tenure.
Flexible repayment options and competitive fees
Maha Gold Loan Scheme offers flexible margins and schedules, with 30% margin for 12 month bullet repayments and 25% margin for term loan or cash credit facilities.
The processing fee for Maha Gold Loan Scheme has also been designed keeping in mind the convenience of the customer for different loan amounts:
• No processing fee for loans up to ₹3.00 lakh
• A nominal fee of ₹500 for loans ranging from ₹3.00 lakh to ₹5.00 lakh
• Nominal fee of ₹1000 for loans ranging from ₹5.00 lakh to ₹10.00 lakh
• Nominal fee of ₹1500 for loans ranging from ₹10.00 lakh to ₹20.00 lakh
• Nominal fee of ₹2000 for loans above ₹20.00 lakh
Maha Gold Loan Scheme of Bank of Maharashtra is another step towards fulfilling its commitment of providing innovative solutions to meet the various financial needs of its customers. With this scheme, customers can leverage their gold assets to secure funds at favorable terms, thereby strengthening the Bank's reputation as a customer-friendly institution dedicated to financial well-being. Apply now and experience the peace of mind that comes with trusted solutions from Bank of Maharashtra.To know more, please visit: https://bankofmaharashtra.in/
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