Consumption Gold Loan
Gold Loan schemes are available across the following tenures, subject to the applicable scheme and branch:
- 3 months (90 days)
- 6 months (180 days)
- 9 months (270 days)
- 12 months (365 days)
Interest Rates
The applicable interest rate depends on the loan amount, selected scheme, tenure, repayment frequency and branch.
| Scheme | Loan Amount | Interest Rate |
|---|---|---|
| PBMT+5 | Rs. 5,00,000 to Rs. 49,99,999 | 10.90% p.a. |
| PBSA+1 | Rs. 1,95,000 to Rs. 19,99,999 | 11.50% p.a. |
| PBDS | Rs. 10,000 to Rs. 75,000 | 12.00% p.a. |
| KL | Rs. 10,000 to Rs. 4,99,999 | 21.90% p.a. |
| MAS | Rs. 10,000 to Rs. 99,999 | 23.75% p.a. |
| NBM | Rs. 10,000 to Rs. 99,999 | 18.00% p.a. |
| PK | Rs. 10,000 to Rs. 99,999 | 17.45% p.a. |
The contract interest rate of 24.90% per annum for the listed schemes. Reduced effective rates may apply when interest is paid within the specified periods, subject to the applicable scheme conditions.
Loan-to-Value (LTV) Limits
For eligible gold-backed consumption loans, the maximum LTV ratios specified in the circular are:
| Total Loan Amount Against Eligible Collateral | Maximum LTV |
|---|---|
| Up to ₹2.5 lakh | 85% |
| Above ₹2.5 lakh and up to ₹5 lakh | 80% |
| Above ₹5 lakh | 75% |
The applicable loan amount is determined based on eligible collateral, valuation and the company’s credit assessment and lending policies.
Important Information
- A minimum period of interest may apply, depending on the scheme.
- Takeover schemes may have different minimum interest conditions.
- Interest rates, repayment options, fees and eligibility are subject to the applicable scheme terms and conditions.
- The final loan amount and applicable charges will be communicated by the branch before the loan is availed.
- Scheme availability may vary by branch. Confirm the latest applicable rates and terms with MAAFIN before applying.
Income Generating Loans & EMI Gold Loans
| Type of Charge | Scheme | Details |
|---|---|---|
| Tenure | Quarterly Interest (QII) | 6 months |
| CGL-EMI | 12 to 36 months | |
| IGL-EMI | 12 to 84 months | |
| Interest Rate | Quarterly Interest (QII) | 14% to 24.9% p.a. (monthly compounding) |
| CGL-EMI | 17% to 22% p.a. (monthly compounding) | |
| IGL-EMI | 14% to 21% p.a. (monthly compounding) |
Visit Your Nearest MAAFIN Branch
Visit your nearest MAAFIN branch to explore the available schemes and find an option that suits your needs.
Note: Terms and conditions apply. Interest rates vary by scheme, branch, tenure and repayment frequency. The advertised starting rate is available only for eligible loans under applicable conditions.