Branch Categorization
| Branch Category | Branch count |
|---|---|
| S | 31 |
| N | 32 |
| Total | 63 |
- The S-Category branches are located in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana.
- N category includes – Bihar & Odisha
Gold Loan Schemes
Gold Loan Schemes for S-Category Branches
| MAAFIN (S category - 31 branches) | |||||||
|---|---|---|---|---|---|---|---|
| Scheme | Tenure (Days) | Loan limit | LTV | Base interest rate | Monthly | Bimonthly | Quarterly |
| XL-S (In Kerala) | 365 | Rs 1000 | 75% | 23.90% | 21.90% | 23.90% | 23.90% |
| XV-S (Other than Kerala) | 365 | Rs 1000 | 75% | 23.90% | 23.50% | 23.90% | 23.90% |
| MA1-ZS | 365 | Min 1 L | 75% | 23.90% | 21.50% | 23.90% | 23.90% |
| MKL1-ZS | 365 | Min 1.95L | 75% | 23.90% | 21.00% | 23.90% | 23.90% |
| MKL2-ZS | 365 | Min 3L | 75% | 23.90% | 20.00% | 23.90% | 23.90% |
| MKL3-ZS | 365 | Min 4L | 75% | 23.90% | 19.50% | 23.90% | 23.90% |
| MKL4-ZS | 365 | Min 5L | 75% | 23.90% | 15.50% | 19.00% | 23.90% |
| MKL5-ZS | 365 | Min 20L and above | 75% | 23.90% | 13.00% | 18.00% | 23.90% |
| SS21-ZS | 365 | Min 1 L | 65% | 23.90% | 18.50% | 23.90% | 23.90% |
| SS22-ZS | 365 | Min 1.95L | 65% | 23.90% | 16.50% | 23.90% | 23.90% |
| SS23-ZS | 365 | Min 3L | 65% | 23.90% | 15.50% | 23.90% | 23.90% |
| SS24-ZS | 365 | Min 4L | 65% | 23.90% | 14.50% | 23.90% | 23.90% |
| SS25-ZS | 365 | Min 5L and above | 65% | 23.90% | 11.90% | 23.90% | 23.90% |
| SA+1-ZS | 365 | Min 1.95L | 60% | 23.90% | 13.50% | 20.90% | 23.90% |
| MT+3ZS (Takeover Scheme) | 365 | Min 3L | 75% | 23.90% | 12.00% | 19.90% | 23.90% |
| MT+2ZS (Takeover Scheme) | 365 | Min 1.99 L | 75% | 23.90% | 14.00% | 19.90% | 23.90% |
| MT+1ZS (Takeover Scheme) | 365 | Rs 50000 | 75% | 23.90% | 16.00% | 19.90% | 23.90% |
| SY-ZS | 365 | Max 1L | 60% | 23.90% | 21.50% | 23.90% | 23.90% |
| DS-ZS | 365 | Max 50k | 50% | 23.90% | 12.00% | 19.90% | 23.90% |
| ML-ZS | 365 | Rs 5000 | 75% | 23.90% | 16.50% | 19.90% | 23.90% |
Gold Loan Schemes for N-Category Branches
| MAAFIN (N category - 32 branches) | |||||||
|---|---|---|---|---|---|---|---|
| Scheme | Tenure (Days) | Loan Limit | LTV | Base Interest Rate | Monthly prompt | Bimonthly | Quarterly |
| XV-N (Other than Kerala) | 365 | Rs 1000 | 75% | 23.90% | 23.50% | 23.90% | 23.90% |
| MA1-ZN | 365 | Min 1 L | 75% | 23.90% | 21.50% | 23.90% | 23.90% |
| MKL1-ZN | 365 | Min 1.95L | 75% | 23.90% | 21.00% | 23.90% | 23.90% |
| MKL2-ZN | 365 | Min 3L | 75% | 23.90% | 20.00% | 23.90% | 23.90% |
| MKL3-ZN | 365 | Min 4L | 75% | 23.90% | 19.50% | 23.90% | 23.90% |
| MKL4-ZN | 365 | Min 5L | 75% | 23.90% | 16.50% | 19.90% | 23.90% |
| MKL5-ZN | 365 | Min 20L and above | 75% | 23.90% | 13.00% | 18.00% | 23.90% |
| SS21-ZN | 365 | Min 1 L | 65% | 23.90% | 19.00% | 23.90% | 23.90% |
| SS22-ZN | 365 | Min 1.95L | 65% | 23.90% | 16.50% | 23.90% | 23.90% |
| SS23-ZN | 365 | Min 3L | 65% | 23.90% | 15.50% | 23.90% | 23.90% |
| SS24-ZN | 365 | Min 4L | 65% | 23.90% | 14.50% | 23.90% | 23.90% |
| SS25-ZN | 365 | Min 5L and above | 65% | 23.90% | 11.90% | 23.90% | 23.90% |
| SA+1-ZN | 365 | Min 1.95L | 60% | 23.90% | 14.50% | 20.90% | 23.90% |
| MT+3ZN (Takeover Scheme) | 365 | Min 3L | 75% | 23.90% | 12.00% | 19.90% | 23.90% |
| MT+2ZN (Takeover Scheme) | 365 | Min 1.99 L | 75% | 23.90% | 14.00% | 19.90% | 23.90% |
| MT+1ZN (Takeover Scheme) | 365 | Rs 50000 | 75% | 23.90% | 16.00% | 19.90% | 23.90% |
| SY-ZN | 365 | Max 1L | 60% | 23.90% | 21.50% | 23.90% | 23.90% |
| DS-ZN | 365 | Max 50k | 50% | 23.90% | 12.00% | 20.90% | 23.90% |
| ML-ZN | 365 | Rs 5000 | 75% | 23.90% | 16.50% | 19.90% | 23.90% |
Branch Categories List
| Category: S (31 Branches) | Category: N (32 Branches) |
|---|---|
| TAGARAPUVALASA | KHAGAUL |
| PENDURTHI-VISHAKAPATNAM | SIPARA |
| DASANAPETTA | BIHTA |
| YELAMANCHILI | DANAPUR |
| MANIKONDA | PHULWARISHARIF |
| SANGAREDDY | MANER |
| SHAIKPET | HAJIPUR |
| KUKATPALLY | MASAURHI |
| KONDAPUR | HILSA |
| KUKATPALLY METRO STATION | FATWA |
| MIYAPUR | MADHU PATNA CUTTACK |
| SHAPUR | KUJANGA |
| MADHAPUR | RAHAMA |
| RAMAGUNDANA HALLI | RAGHUNATHPUR |
| BUSSTAND ROAD HOSKOTE | NISCHINTAKOILI |
| KUVEMPUNAGAR MYSORE | ERASAMA |
| HOSKOTE | MARSHAGHAI |
| KURUBARAHALLI BANGALORE | BALICHANDRAPUR |
| EGNAHALLI, BANGALORE | CHANDRA SEKHARPUR BHUBANESHWAR |
| THANISANDRA BANGALORE | PHULNAKHARA CUTTACK |
| SHORNUR LFC | KHORDHA |
| PATHIRIPALA | CHANDAPUR |
| WEST FORT THRISSUR | DUMDUMA |
| OKKIYAM THORAIPAKKAM | BEGUNIA |
| CHEPAUK CHENNAI | KALAPATHAR |
| LLYODS ROAD ROYAPETTAH | SAMANTHARAPUR BHUBANESHWAR |
| MEDAVAKKAM TANK ROAD | SAKHIGOPAL PURI |
| PONNIYAMMAN KOIL STREET | GRAND ROAD PURI |
| EDAYARPALAYAM, COIMBATORE | RANPUR |
| THANJAVUR | BANAMALIPUR |
| KOKILAMBAL NAGAR | BRAHMAGIRI |
| NACHUNI |
Purity Deduction
| Assessed Purity Range | 91.6% & Above (22 Ct) |
87 to <91.6% (21-22 Ct) |
83 to <87% (20-21 Ct) |
79 to<83% (19 -20 Ct) |
75 to <79% (18-19 Ct) |
70 to<75% (17-18 Ct) |
|---|---|---|---|---|---|---|
| Average Deduction in Purity | 0% | 3% | 7% | 12% | 16% | 21% |
Deduction on Stone Weight if Gold
When fixing stone-set gold ornaments as a pledge, the actual weight of the stones shall be deducted in addition to the standard deduction based on the purity of the gold from the gross weight.
Deduction Based on weight of stone
| If the weight of the stone is less than 5% of grossweight | No additional deduction |
| If the weight of the stone is less than 5- 10% of gross weight | Normal deduction as per the purity of gold +1% additional deduction |
| If the weight of the stone is less than 10- 25% of gross weight | Normal deduction as per the purity of gold +2% additional deduction |
| If the weight of the stone is more than 25% of gross weight | Normal deduction as per the purity of gold +5% additional deduction |
Auction Policy
- An auction will be conducted once the Loan-to-Value (LTV) ratio exceeds 97% (ranging from 97% to 98%) with a 15-day notice. The enabling clause for this will be included in the loan documentation.
- MTM (Mark-to-Market) evaluation will be conducted periodically to assess the risk of the portfolio. Loans in the mentioned category will be reviewed for monthly auction.