Bank of Maharashtra is providing personal loans on Base Rate +5.50%

Call us on 60011600 / 9878981166

Do you need personal loan from Bank of Maharashtra? Check out your eligiblity, documents required and benefits in availing personal loan from Bank of Maharashtra.

Purpose To meet personal Expenses
Eligibility Permanent salaried / Professionals (must be IT assesses)
Age 21 – 60 years at Loan Maturity
Minimum Employment For Service Persons Total – 5 Yrs
Current – 2 yrs
Professionals -3 years
Minimum Annual Income Salaried persons, permanent in service / professionals -minimum income Rs. 3.00 lakh p.a. (Teachers having salary a/c Rs.2.00 lac)
Maximum amount Rs.1.50 lac
Salaried- 6 times Gross Pay
Professionals- 50% of Gross Avg. Income of last 3 yrs IT return or last yrs inc. whichever is less
Margin Nil
Deduction Limit 60% of Gross Pay
Security CLEAN
Guarantor One Guarantor acceptable to Bank
Repayment EMI – 36 mts (Max) or residual service whichever is less
Interest Rate & Processing fee 1% of Loan Amt. Min. Rs.500.00
Insurance N.A.
Group Finance No Group Finance
Others N.A.

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Personal Loan Calculator Personal Loan Interest Rates
Personal Loan Calculator Personal Loan Interest Rates