स्वर्ण कर्ण ऊर्ध्ण

Gold Loan Vertical

प्रधान कार्ाणलर् : “लोकमंगल”, 1501, शिवIर्ीनगर पूर्े -5
Head Office: LOKMANGAL,1501, SHIVAJINAGAR, PUNE-5
TELE :020-25532342 FAX : 020-25536748
e-mail: agmgold@mahabank.co.in

AX1/PSRC/GLV/SOF/Cir. No. 28/2022-23 Date: 20.05.2022

ALL THE BRANCHES AND OFFICES OF THE BANK

Dear Sir/Madam

Re: Revision in Scale of Finance (Eligible loan amount per gram) under Maha Bank Gold
Loan Scheme (Retail & Agriculture)

Please refer the H.O. circular AX1/PSRC/GLV/SOF/Cir. No. 20/2022-23 dated 02.05.2022 for the
scale of finance of Loan against Gold Ornaments. As per the mentioned circular, the scale of
finance (eligible loan amount per gram) was fixed considering the various products of Agriculture &
Retail Gold Loans and applicable margin thereof.

In view of upward movement in market price of gold, scale of finance (eligible loan amount per
gram) for loan against Gold ornaments has been revised w.e.f. 20.05.2022 as under

Scale of Finance for Retail Gold Loans

Revised Guidelines
Particulars Existing Guidelines
(For Retail Gold Loan Only)
Scale of Rs.3575/- per gram or 75% of Rs. 3455/- per gram or 75% of market
Finance market value of the net weight of value of the net weight of Gold
(Eligible Loan Gold ornaments excluding stones ornaments excluding stones attached to
amount per attached to ornaments / jewelries ornaments / jewelries to be pledged,
gram) to be pledged, whichever is less. whichever is less.

(For 24 carat gold coin (issued by (For 24 carat gold coin (issued by banks
banks in tamper proof package):- in tamper proof package):- Rs.100/- per
Rs.100/- per gram above the limit gram above the limit defined for 22 carat
defined for 22 carat gold gold ornaments, subject to the maximum
ornaments, subject to the ceiling of loan)
maximum ceiling of loan)
For Retail gold loan where repayment mode opted is Bullet repayment,
the scale of finance per gram of Gold will be Rs. 3225/-per gram or 70% of
market value of Gold , whichever is lower.

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 Scale of Finance for Agri. Gold Loans
Revised Guidelines
Particulars Existing Guidelines
(For Agri. Gold Loan Only)

Scale of Rs.3575/- per gram or 75% of
Finance market value of the net weight of
(Eligible Loan Gold ornaments excluding stones
amount per attached to ornaments / jewelries
gram) to be pledged, whichever is less.
Rs. 3455/- per gram or 75% of market
value of the net weight of Gold
ornaments excluding stones attached to
ornaments / jewelries to be pledged,
whichever is less.

For 24 carat gold coin (issued by For 24 carat gold coin (issued by banks
banks in tamper proof package):- in tamper proof package):- Rs.100/- per
Rs.100/- per gram above the limit gram above the limit defined for 22 carat
defined for 22 carat gold gold ornaments, subject to the maximum
ornaments, subject to the ceilings of loan
maximum ceilings of loan
For ATL against Gold (Product Code: 6622 - 1293) scale of finance per
gram of Gold will be Rs. 3225/- per gram or 70% of market value of Gold
whichever is lower (as minimum stipulated margin for ATL against Gold is
30%).

# For MKCC Gold Loans- Scale of Finance to be considered as per scheme guidelines.

The above changes are effective from 20.05.2022.

We request you to take note of above changes and be guided as per revised scale of finance till
further revision.
With best wishes.

Yours faithfully
Digitally signed by
NISHIKANT NISHIKANT ABASAHEB
ABASAHEB WAGHCHAVARE
Date: 2022.05.20
WAGHCHAVARE 12:34:08 +05'30'

(N.A Waghchavare)
Dy. General Manager
Retail Advances & Gold Loan Vertical, HO

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