Maharashtra Gramin Bank Gold Loan Documents Required

Features of Maharashtra Gramin Bank Gold Loan

Maharashtra Gramin Bank was founded on 25 March 2008. Maharashtra Gramin Bank Gold Loan Documents Required helps Customers to apply for Gold Loans in Maharashtra Gramin Bank. For more queries/details, Dialabank is always there for its customers.

The key features of Maharashtra Gramin Bank Gold Loan are as follows:

• Prepayment Charges: Maharashtra Gramin Bank Gold Prepayment Charges are 2%+GST within three months and zero after three months.
• Rate Per Gram: Maharashtra Gramin Bank Gold Loan Rate Per Gram is ₹ 3,506 to ₹ 4,621
• Interest Rate: Maharashtra Gramin Bank Gold Loan Interest rate is 7% per annum.
• Repayment Tenure: Maharashtra Gramin Bank Gold Loan Repayment Tenure is for a maximum of 36 months.
• Smooth Process: As this is a secured loan. So, one can get their gold loan disbursed in less than 30min.

Maharashtra Gramin Bank Gold Loan Comparision with banks

Maharashtra Gramin Bank Gold Loan EMI calculator

The EMI Calculator calculates your monthly EMI at the chosen rate for a selected period. The EMI is set by the loan quantity, rate, and loan term. Maharashtra Gramin Bank Gold Loan Documents Required also play a role in the approval of the loan.

• Loan quantity: If the Customer applies for a bigger gold loan online, then EMI goes higher.
• Interest rate: The Interest rate in the gold loan is directly proportional to the value of EMI. The higher the rate bigger the EMI.
• Loan duration: Only in the case of an extended loan amount/period, the EMI on a gold loan is reduced.

Maharashtra Gramin Bank Gold Loan Documents Required

Maharashtra Gramin Bank Gold Loan Documents Required are mentioned below:

At the time of application the following documents are required:

• Proof of the citizenship of India
• Duly filled application form
• 2 passport-sized photographs
• Applicant’s KYC documents to establish Identity and Address
• Salary/ Income Proof
• Witness Letter in case of illiterate borrowers
• In the case of Agriculture Loan of more than Rs. 1 lac, land proof
• Certificate by the Jewel Appraiser (Bank will arrange)

At the time of disbursement the following documents are required:

• Demand Promissory Note & Demand Promissory Note Take Delivery Letter
• Gold Ornaments Take Delivery Letter
• Arrangement Letter

Maharashtra Gramin Bank Gold Loan Documents Required – FAQs

✅ Can the gold loan be transferred?

The process of transferring a gold loan from one investor to a different one is named a gold loan balance transfer. You’ll transfer the gold loan account from one investor to a different one if you’re not pleased with client service or have gotten a lower rate from another bank.

✅ What are the Maharashtra Gramin Bank Gold Loan Documents Required?

Aadhaar Card issued by UIDAI, PAN (Permanent Account Number) Card (along with any of higher than mentioned documents), One Passport Size Photograph, Agri Allied Occupation Documentation( just in case of bullet reimbursement for agriculture customers).

✅ Is checking account necessary for a gold loan?

To avail of a gold loan in Maharashtra Gramin Bank, you do not have to be compelled to submit any document for financial gain or remuneration proof as banks and non-financial establishments offer gold loans with the smallest documents for identity and address proof.