Gold Loan in Maharashtra

Here’s a comprehensive guide on benefits, interest rates, and the process to get a gold loan in Mahasrashtra. Check your loan eligibility today and get the best value for your gold.
Gold Loan in Maharashtra
2 mins
25 April 2025

Understanding gold loan in Maharashtra

Gold holds a very special place in Maharashtra, both culturally and financially. It is seen as a symbol of wealth, success, and high social status. People in Maharashtra have a strong tradition of buying gold jewellery, which is an important part of weddings, festivals, and other significant occasions. Gold is not only precious but also plays a key role in people’s lives.

Because gold is so valuable, gold loan in Maharashtra is a popular option for those who need quick access to money. By using gold as collateral, individuals can easily borrow money while still keeping their gold safe. This is especially useful during times when they need funds for important events or emergencies. The loan process is straightforward, and many people prefer it because it allows them to get cash without selling their gold. Whether it’s for a wedding, business, or any personal need, gold loan in Maharashtra provides a reliable financial solution to many.

Features and benefits of gold loans in Maharashtra

Gold loans have become a highly preferred financial option in Maharashtra, providing a combination of flexibility and convenience for those needing immediate funds while retaining ownership of their valuable jewellery. Here are the key features and benefits of gold loans in Maharashtra:

  • Partial release facility: Borrowers have the option to repay a portion of their loan and retrieve some of their gold jewellery before the end of the loan term, offering greater financial management flexibility.
  • No prepayment or foreclosure Charges: Gold loans in Maharashtra do not have any charges for prepayment or foreclosure, allowing borrowers to repay their loans early without extra costs, thus reducing their overall interest expenses.
  • Accurate gold evaluation: Advanced karat meters ensure precise and fair assessment of the gold's purity, guaranteeing that borrowers receive the best possible value for their gold.
  • Complimentary gold insurance: Gold loans include free insurance coverage against theft or loss of the gold while in the lender's custody, providing borrowers with added security and peace of mind.
  • Multiple repayment options: Borrowers can select from various repayment plans, including monthly, bi-monthly, quarterly, half-yearly, or annual interest payments, with the principal amount due at the end of the loan term.
  • Simplified application process: The application process for gold loans is easy and hassle-free, with options to apply online and assistance from customer representatives at local branches.
  • Easy application process: Apply for a gold loan online. Our customer representative will help you with your application when you visit our Gold Loan branch in your city.
  • Gold loan of up to Rs. 2 crore: We offer gold loans starting from Rs. 5,000 up to Rs. 2 crore. You can choose the amount that suits you best from the offer extended to you.
  • 800 branches and growing: We have just opened 60 new branches and are adding more all over India. Additionally, we are opening new branches in the cities where we already have operations.

These features and benefits make gold loans an efficient and advantageous financial solution for residents of Maharashtra, ensuring they receive quick access to funds with minimal inconvenience.

How to apply for a gold loan in Maharashtra?

Here is a step-by-step guide to apply for a gold loan in Maharashtra:

  1. Click on “Apply” to initiate online application.
  2. Enter your 10-digit mobile number and click on “Get OTP.”
  3. Submit the OTP to verify your identity.
  4. Fill in your personal details and select the nearest gold loan branch.
  5. Download In-principal loan eligibility letter.

Once done, you will receive a call from our representative to confirm your appointment and guide you on the next steps.

Eligibility criteria to avail gold loans in Maharashtra

To qualify for a gold loan in Maharashtra, applicants must meet the following criteria:

  • Age: The applicant should be between 21 to 70 years of age.
  • Purity of Gold: Gold jewellery or ornaments should have a purity of 18-22 karat.
  • Income Proof: Generally not required, but some lenders may ask for proof of income.
  • Residential Status: Applicants must be a resident of India.

Documents required to get gold loans in Maharashtra

To apply for a gold loan in Maharashtra, you need to provide one of the following identification and verification documents:

  • Aadhaar Card
  • Voter ID Card
  • Passport
  • Driving Licence
  • NREGA Job Card
  • Letter Issued by National Population Registration

Gold loan interest rates and charges in Maharashtra

If you are considering applying for a gold loan in Maharashtra, it is essential to understand the interest rates and charges involved. Bajaj Finance offers competitive interest rates ranging from just 9.50% up to 24%* per annum, making it an affordable option to meet your immediate financial needs without selling your gold.

What sets our gold loan in Maharashtra apart is the complete transparency in all charges. There are no hidden fees or unexpected deductions. All terms and conditions are clearly explained to you from the start, so you will know exactly what to expect throughout the duration of your loan. The following are the charges applicable to Bajaj Finserv Gold Loan:

Types of fee

Applicable charges

Interest rate

9.50% p.a. to 24% p.a.

Processing fees

0.15% (inclusive of applicable taxes)

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount

Cash handling charges

Rs. 50 (inclusive of applicable taxes) applicable for cash disbursement only.

Penal interest

Rs. 8 p.a. on outstanding balance 

The penal interest margin/rate will be over and above the interest rate slab. This shall be applicable/chargeable in case of default in repayment of the outstanding dues.

Part-prepayment charges

NIL

Foreclosure charges

NIL

 

How to calculate gold loan in Maharashtra

If you are thinking about applying for a gold loan in Maharashtra, using a gold loan calculator can make the process easier, faster, and clearer. This online tool helps you estimate your loan eligibility based on the weight and purity of your gold. Here’s how to use it:

  • Enter gold weight or desired loan amount: You can input either the weight of your gold jewellery or the loan amount you need.
  • Check gold loan purity: The gold loan purity (measured in carats) is important as it determines the value and loan amount you can borrow.
  • Get an instant loan estimate: The calculator provides an estimate of the loan you can get based on the current gold rates and your inputs.
  • Review interest rates and loan tenure: It shows the interest rates and loan duration options, helping you make informed financial decisions.

Using the gold loan calculator for a gold loan in Maharashtra ensures you understand the loan details and simplifies the application process. It provides transparency and helps you approach your loan with confidence.

Why choose Bajaj Finance to avail a gold loan in Maharashtra?

If you want a quick and safe way to get money in Maharashtra, Bajaj Finance Gold Loan is a simple and helpful choice. It gives you good value for your gold and is easy to use. Here is why:

  • Easy process: You can apply quickly with just a few simple steps.
  • Less paperwork: Only one KYC document is needed to get started.
  • Quick approval: You get the money fast, which helps during urgent times.
  • Flexible payments: Pay interest monthly, every two months, every three months, every six months or once a year – as you prefer.
  • Clear terms: No hidden fees. Everything is shared clearly with you.
  • Safe and secure: Your gold is kept safely, fully insured, and handled with care.
  • Helpful support: You will get full help at every step of the process.

This makes Bajaj Finance Gold Loan in Maharashtra a smart, trusted, and easy way to meet your financial needs.

Why is gold loan a feasible borrowing mode in Maharashtra?

Firstly, due to the cultural importance of gold, many households in Maharashtra possess substantial gold assets. This makes it easy for individuals to leverage their gold jewellery to secure loans without having to sell their precious ornaments. Gold loans offer a swift and straightforward application process, allowing borrowers to access funds quickly. This is particularly beneficial in times of financial emergencies or urgent needs.

Additionally, the process of obtaining a gold loan requires minimal documentation compared to other types of loans. Borrowers typically need to provide basic identification and address proof, making it a hassle-free option. Gold loans generally have lower interest rates compared to unsecured loans, making them a cost-effective borrowing option. The lower interest rates reduce the overall cost of borrowing, making it easier for borrowers to manage repayments.

Moreover, gold loans offer flexible repayment options, allowing borrowers to choose a repayment schedule that suits their financial situation. This flexibility helps in managing finances more effectively. The gold pledged as collateral is securely stored by the lender, providing peace of mind to borrowers. The gold is insured against theft or loss, adding an extra layer of security.

Know more about gold loan in Indian states and Union Territories

Gold Loan in Andhra Pradesh

Gold Loan in Rajasthan

Gold Loan in Telangana

Gold Loan in Chandigarh

Gold Loan in Karnataka

Gold Loan in Manipur

Gold Loan in Goa

Gold Loan in Kerala

Gold Loan in Gujarat

Gold Loan in Puducherry

Gold Loan in Delhi

Gold Loan in Tamil Nadu

 

Gold loan in other cities

Gold Loan in Bangalore Gold Loan in Surat Gold Loan in Ahmedabad
Gold Loan in Kochi Gold Loan in Panipat Gold Loan in Visakhapatnam
Gold Loan in Kolhapur Gold Loan in Siliguri Gold Loan in Aurangabad
Gold Loan in Madurai Gold loan in Bhubaneswar Gold Loan in Rajahmundry
Gold Loan in Vijayawada Gold Loan in Lucknow Gold Loan in Pune
Gold loan in Kollam Gold Loan in Noida Gold Loan in Shimla

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What is the maximum tenure of a Gold Loan in Maharashtra?

The maximum tenure for a gold loan with Bajaj Finance in Maharashtra is typically 12 months. This period provides borrowers with sufficient time to repay the loan according to their financial capabilities. During the 12-month tenure, you can choose from various repayment options, including monthly, bi-monthly, quarterly, or half-yearly interest payments. This flexibility allows you to manage your repayments in a way that best suits your financial situation and ease.

What are the best and easy ways to repay your gold loan in Maharashtra?

Repaying your gold loan in Maharashtra is made easy with several flexible options provided by Bajaj Finance. You can opt for Equated Monthly Instalments (EMIs) to pay both the principal and interest regularly. Alternatively, bullet repayment allows you to pay the entire principal and interest at the end of the loan tenure. Partial payments are also an option, enabling you to reduce your outstanding principal periodically. These repayment methods ensure you can manage your finances effectively and repay your loan conveniently.

What is the minimum tenure of a gold loan in Maharashtra?

The typical repayment period for a gold loan with Bajaj Finance in Maharashtra is up to 12 months. This means that you have a year to repay the loan amount along with the interest, providing a sufficient time frame to manage your finances. You can select from various repayment options, such as monthly, bi-monthly, quarterly, or half-yearly interest payments. This flexibility allows you to tailor the repayment schedule to fit your financial situation and ensures that you can meet your obligations comfortably.

What KYC documents are required for gold loan in Maharashtra ?

To apply for a gold loan in Maharashtra, you need to provide several KYC documents for gold loan for identification and verification. Commonly required documents include an Aadhaar card, Voter ID card, passport, or driving licence. Additionally, you may need to provide a PAN card and address proof, such as a utility bill or bank statement. These documents help the lender verify your identity and residential status, ensuring a smooth and compliant loan approval process.

What is the gold loan per gram in Maharashtra?

The gold loan per gram in Maharashtra depends on the current gold rate and the purity of your gold. Lenders usually offer up to 75% of the gold’s value. You can check the exact per gram value using a gold loan calculator or visit a nearby branch.

What is the maximum loan amount I can get against my gold in Maharashtra?

The maximum gold loan amount in Maharashtra depends on the weight and purity of your gold. Bajaj Finance offers gold loans up to ₹2 crore*. The actual amount may vary based on gold valuation and lender policies. Use a gold loan calculator to get an estimate before applying.

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