Bank of Maharashtra Maha Gold Scheme

In order to meet different expense requirements of users like education, marriage, travel, medical emergencies, and so on, Bank of Maharashtra presents the Maha Gold Scheme. The quantum of loan lies in the array of Rs 20,000 and Rs 5,00,000. Also, the eligible loan amount depends on the quality of gold that users are putting up. For instance, the Bank of Maharashtra offers Rs 2000 per gram of 22-carat gold ornaments or 75% of the market value of the net weight of the gold ornaments excluding stones integrated to ornaments or jewelry to be pledged (whichever is less). It should be noted that the Bank of Maharashtra does not offer any funds against primary or bullion gold.
Users can make the repayment of the loan in the maximum of the 12-months period. Users can either make the repayment in the full or can also make the bullet payment. In addition to this, the interest is implemented on a monthly basis and the offered cash-credit facility is annually assessed. To know more about interest rates related to Maha Gold Scheme, users can visit https://115.249.145.115:1201/advances.
Also, not all branches of Bank of Maharashtra offers the Maha Gold Loan scheme. So, users would have to look up to a few selected branches. The list of these branches is available here