Maharashtra Gramin Bank Personal Loan

⋆ Interest Rate 9.99% ⋆

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      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
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      Table of Contents

      Maharashtra Gramin Bank Personal Loan Key Features Jan 2021

      Eligibility Criteria  Details
      Age 21 – 58 (at loan maturity)
      CIBIL score Minimum 750 or above
      Maharashtra Gramin Bank Personal Loan Interest Rate 9.99% per annum
      Lowest EMI per lakh N/A
      Tenure 12 to 60 months
      Maharashtra Gramin Bank Personal Loan Processing Fee 1% to 2% 
      Prepayment Charges NIL
      Part Payment Charges NIL
      Minimum Loan Amount Rs. 25,000
      Maximum Loan Amount Rs. 10 Lakh

      Each Feature Explained in Detail Below


      Maharashtra Gramin Bank Personal Loan Eligibility Criteria

      Personal Loan Eligibility Criteria:

      CIBIL score 750 and Above
      Age 21-58 years
      Min Income Rs 25000/month
      Occupation Salaried/Self-employed

      Maharashtra Gramin Bank Personal Loan Interest Rate and Charges

      Maharashtra Gramin Bank Personal Loan Interest Rate 9.99% per annum
      Maharashtra Gramin Bank Personal Loan Processing Charges 1% to 2%
      Prepayment Charges NIL
      Stamp Duty As per state laws
      Cheque Bounce Charges As per bank terms
      Penal Interest N/A
      Floating Rate of Interest Not Applicable

      Maharashtra Gramin Bank Personal Loan Documents Required

      Form Duly filled application form
      Proof of Identity

      Copy of:
      Passport,
      Driving License,
      Aadhar Card,
      Voter ID Card

      Proof of Address

      Rent Agreement (Min. 1 year of stay)
      Utility Bills
      Passport (Proof of permanent residence)
      Ration card

      Proof of Income

      ITR: Last two Assessment years,
      Salary Slip: Last 6 months,
      Bank Statement: Last 3 months

      Maharashtra Gramin Bank Personal Loan EMI Calculator

      Maharashtra Gramin Bank Personal Loan Compared to Other Banks

      Bank Interest Rate Tenure Loan Amount & Proc Fee
      Maharashtra Gramin Bank  9.99% 12 to 60 months Up to Rs. 20 lakh / Up to 1% of the loan amount
      HDFC Bank 11.25% to 21.50% 12 to 60 months Up to Rs. 40 lakh / Up to 2.50% of the loan amount
      Bajaj Finserv Starting from 12.99% 12 to 60 months Up to Rs. 25 lakh / Up to 3.99% of the loan amount
      Axis Bank 15.75% to 24% 12 to 60 months Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount
      Citibank Starting from 10.99% 12 to 60 months Up to Rs. 30 lakh / Up to 3% of the loan amount
      ICICI Bank 11.50% to 19.25% 12 to 60 months Up to Rs. 20 lakh / Up to 2.25% of the loan amount

      Why should you apply for Maharashtra Gramin Bank Personal Loan with Dialabank?

      Dialabank is the leading financial helpline in the country. Our team is always available for you to help and provide support to you. Also, to make the correct decision. 

      How to Calculate EMIs for Maharashtra Gramin Bank Personal Loan

      You will need the following things to calculate your EMIs:

      1. First of all amount of the loan
      2. then Rate of interest that can be asked by the bank
      3. And tenure of your loan

      Enter these values in the calculator below for your estimated monthly EMI.

      Maharashtra Gramin Bank Personal Loan Processing Time

      Processing time for your personal loan application can be up to a week or more, but pre-approved and customers that have an account with the bank can expect the loan approval within 48 to 72 hours.

      Maharashtra Gramin Bank Personal Loan Pre-closure Charges

      • Your funds are ready 
      • Also, you want to apply for foreclosure, then contact the bank or visit there to know the charges and documents.

      Maharashtra Gramin Bank Personal Loan Overdraft Facility

      An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can correspondingly reimburse the got out totally at whatever point the condition is ideal. Subsequently, it is perhaps the most favored credit choices that benefitted to meet changing individual supporting necessities unbounded.

      Apply for an overdraft as Maharashtra Gramin Bank Personal Loan. The versatile improvement office has all the monstrous highlights of a temperamental overdraft credit.

      Pre Calculated EMI for Personal Loan

      Rate
      5 Yrs
      4 Yrs
      3 Yrs
      10.50%
      2149
      2560
      3250
      11.00%
      2174
      2584
      3273
      11.50%
      2199
      2608
      3297
      12.00%
      2224
      2633
      3321
      12.50%
      2249
      2658
      3345
      13.00%
      2275
      2682
      3369
      13.50%
      2300
      2707
      3393
      14.00%
      2326
      2732
      3417
      14.50%
      2352
      2757
      3442
      15.00%
      2378
      2783
      3466

      Types of Maharashtra Gramin Bank Personal Loan

      Personal Loan for Marriage

      Financial assistance to the general public for their financial needs such as marriage and other expenses. You can avail a loan of up to Rs. 20 lakh at affordable interest rates.

      Personal Loan for Government Employees

      Government employees can avail of personal loans at special rates and flexible tenure. Being an employee of the government comes with its set of benefits, and easier loan terms are one of them.

      Personal Loan for Doctors

      Doctors and medical professionals that may require some assistance financially can apply for a personal loan of up to Rs. 20 lakh. The bank provides special interest rates for these professionals.

      Personal Loan for Pensioners

      Personal Loan for Pensioners can be asked from the bank itself, by contacting them on their helpline No.

      Maharashtra Gramin Bank Personal Loan Balance Transfer

      If you wish to transfer your existing personal loan from another bank, Maharashtra Gramin Bank provides you with better interest rates and loan terms. You get flexible rates and tenure that will help reduce your financial burden.

      Maharashtra Gramin Bank Personal Loan Top Up

      Sometimes, you might require extra funds to meet your expenses. For such scenarios, you can apply for a top-up loan rather than a fresh new loan.

      Types of Maharashtra Gramin Bank Personal Loan

      Home renovation loan

      Maharashtra Gramin Bank provides individuals who plan to renovate their homes with a home improvement loan. This personal loan can fund critical repairs or allow the borrower to purchase new furniture, fixtures, and furniture for the house. Four of the Maharashtra Gramin Bank Home Renovation Loan’s major features are:

      • The Home Renovation Loan of Maharashtra Gramin Bank’s interest rate starts at as low as 11.25%.
      • Individuals will be liable to renew their homes with a loan of up to Rs. 20 Lakh.
      • Maharashtra Gramin Bank’s home improvement loan needs minimum paperwork to free up the whole credit process.
      • Usually, within 72 hours after the bank accepts the applications, the loan balance will be credited to the account.

      Holiday loan

      The holiday loan from Maharashtra Gramin Bank will help you budget for your dream vacation with limited difficulties. A number of holiday-related expenses will be funded by this personal loan from Maharashtra Gramin Bank, including the booking of flight fares, hotel accommodation, guided tours, etc. The Maharashtra Gramin Bank Holiday Loan’s key features are:

      • Interest rates on holiday loans starting at 11.25 percent p.a.
      • You should use up to Rs 20 Lakh easily so that a financial crunch would not spoil your perfect vacation
      • Simplified and limited paperwork means fast and easy funding for your holiday.
      • Quick processing of the loan directly credited to your account and disbursement

      Fresher funding

      Most unsecured personal loans are meant for individuals with a daily income, while the Fresher Funding of Maharashtra Gramin Bank is distinct. The loan option provided by Maharashtra Gramin Bank is intended to help refreshers, i.e. recent graduates searching for their first job. Few of Maharashtra Gramin Bank Fresher Personal Loan Funding’s main features are as follows:

      • Up to Rs 1.5 lakh loan
      • A candidate must be 21 years of age or older.
      • The interest rate for Fresher Funding depends on the applicant’s profile, credit history/score, applicant’s age, and place.

      NRI Personal Loan

      Knowing the wishes and desires of NRIs, Maharashtra Gramin Bank provides NRIs directly with a personal loan. An Indian resident must be the main loan borrower, and a close relative must be the NRI co-applicant. The Personal Loan includes the following features for NRIs:

      • Maharashtra Gramin Bank offers NRIs with adjustable end-use personal loans of up to Rs. 10 lakh.
      • NRI Personal Loan interest rates launch at 15.49 percent p.a.
      • Up to 36 months is the term of the loan.

      Maharashtra Gramin Bank Personal Loan Status

      You can check the status of your personal loan through;

      • Visiting your loan branch in person.
      • Using the online portal of the bank.

      How to Apply for Maharashtra Gramin Bank Personal Loan?

      Maharashtra Gramin Bank Personal Loan

       

      You can avail of Maharashtra Gramin Bank Personal Loan online with the help of Dialabank. Unlike the offline process, loan approval through Dialabank is much easier. These are the steps you need to follow:

      1. To avail of Home Credit Personal Loan online, you have to visit Dialabank online.
      2. Also, you can visit Maharashtra Gramin Bank Personal Loan on Dialabank.
      3. Once you go through the Home Credit Personal Loan page, you can check the eligibility, documents, and loan scheme for personal loans.
      4. Then, you can fill a simple online form with your specifications.
      5. Once you submit the form, you will be called by telephonically by our representatives.
      6. The representatives will assist you in the whole process.
      7. Your Home Credit Personal Loan will get approved in no time.

      Personal Loan verification process

      Following the online submission of your loan application to DialaBank, the following are the principal stages of the personal loan authentication process. 

      Stage 1. DialaBank will forward to your chosen lender your loan application, and you will usually get a call from the representative of the lender within 48 hours. 

      Stage 2. The possible lender can arrange for your KYC documents, salaries, etc. to be collected or provide an opportunity to upload them online. To confirm your submission, these documents will be used. 

      Stage 3. You will get another call to confirm the loan bid and seek your permission for disbursement if the lender’s verification has been fulfilled and your loan has been approved. 

      Stage 4. The loan is normally disbursed within 48 hours of the loan’s acceptance and adequate verification. 

      Note: The timeframe for verification/disbursement of personal loans, as stated above, can vary on the basis of the internal criteria of the lender, as well as other parameters.

      Check your Maharashtra Gramin Bank Personal Loan application Status

      The process for checking your application’s status requires the following steps:

      • Visit the official website of Maharashtra Gramin Bank, click on ‘Products’, and select ‘Personal Loans.’
      • Click ‘More and choose’ Review Loan Application Status.’ on the next tab that opens below.
      • Firstly, by submitting details such as your contact number, date of birth, and either entering the OTP you get on your mobile number or using your application number, you can check your application status.

      How to login in Maharashtra Gramin Bank portal

      • Visit the Official Website of Maharashtra Gramin Bank.
      • In the upper right corner of the screen, press the ‘Login’ button.
      • Using your user ID and password or your registered cell phone number to log in.

      How to Check Your Loan Statement

      By taking the following steps, customers can download the bank’s loan statement:

      • Visit the official website of the bank.
      • Tap ‘Get in touch’ and click ‘Requests for help’ from the drop-down column.
      • On the next page that opens, pick ‘Personal Loan Related’ under the ‘Loans’ menu.
      • Next, press the ‘Loan Account Statement Order’ button.
      • To make use of the bank’s loan statement, log in using your user ID and password or using your registered cell phone number and OTP.

      Maharashtra Gramin Bank Personal Loan Restructuring (COVID-19)

      Many borrowers have been adversely affected by the national lockout due to the COVID-19 pandemic, and a six-month moratorium on various term loans has been declared to some degree to minimize its impact. Maharashtra Gramin Bank announced an RBI-mandated one-time gain from the Maharashtra Gramin Bank loan restructuring after the six-month moratorium was terminated. This mechanism aims at providing continued relief to borrowers who are still unable to repay their daily EMI due to the ongoing financial distress of the pandemic.

      In order to minimize the monthly EMI payments, the loan settlement scheme implemented by Maharashtra Gramin Bank provides for an extended moratorium of up to 2 years or an extension of the current period of maturity. It is necessary to bear in mind, of course, that the restructuring of the loan by Bajaj Finance employees would result in additional interest rates exceeding those applicable to the initial loan. Using this relief method only as a last resort is also necessary so that the unpaid loan does not end up defaulting.

      Maharashtra Gramin Bank Customer Care

      Customers can approach Maharashtra Gramin Bank’s Customer Support via any of the following means:

      By phone: You can call Maharashtra Gramin Bank on 02402476139 (toll-free) 

      Callback order: You can also make a return call by accessing the bank’s website. 

      Online Chatbot: You can even have an apple Chatbot online to answer your questions. 

      Visit Branch: To obtain your requests, visit the nearest Maharashtra Gramin Bank branch.

      Benefits of Applying for Personal Loan on Dialabank

      On the DialaBank website, there are many drawbacks to applying for a personal loan. Below, some of these are given: 

      • 24 x 7 Accessibility: You can reach the DialaBank website anywhere, wherever and even apply at any time for a personal loan from the comfort of your home or office. 
      • Multiple lenders on a single platform:  com helps you to view personal loan offers on a single platform from multiple prospective lenders, avoiding the need to visit multiple bank websites or branches. 
      • Know EMI instantly: on DialaBank.com, use the personal loan EMI calculator, and you can check the EMIs that you are going to pay for on a personal loan right before applying for one. It can allow you to borrow the amount you need, which you will repay easily and have a stable payment schedule. 
      • Free of charge: In addition, when applying for a personal loan on DialaBank.com, you are not required to incur any fees.

      Important Aspects

      Below are some important items you need to note when applying to Maharashtra Gramin Bank for a personal loan:

      • It is still a smart thing to review your credit report before applying for a personal loan. A decent credit score increases the chances of accepting the loan and will make it possible for you to use a personal loan on conditions that are more desirable.
      • It is advisable to compare the expense of a personal loan (interest rates and all associated fees and charges) issued by various lenders on DialaBank.com before finalizing on a particular lender.
      • As per your wishes and ability to repay, borrow. Avoid borrowing only because you have the right to borrow a bigger amount. It will just add to the interest rate and will have no long-term advantages.
      • Avoid applying for individual loans concurrently with many lenders. It reveals that you are credit-hungry and therefore increases the amount of demanding credit report requests that can negatively impact your credit score.

      FAQs About Maharashtra Gramin Bank Personal Loan

      ✅ How to apply for Maharashtra Gramin Bank Personal Loan?

      Maharashtra Gramin Bank gives you an option for applying for a Personal Loan by visiting the nearest branch of the bank or through Dialabank. It provides you with the best option in a convenient and swift approval.

      ✅ What is the Interest Rate for Maharashtra Gramin Bank Personal Loan?

      Maharashtra Gramin Bank charges an interest rate that starts at 9.99% per annum for their personal loan products.

      ✅ What is the minimum age for getting a Personal Loan from Maharashtra Gramin Bank?

      You should be 21 years old to apply for a personal loan with Maharashtra Gramin Bank.

      ✅ What is the maximum age for getting a Personal Loan from Maharashtra Gramin Bank?

      The maximum age for availing a personal loan from Maharashtra Gramin Bank is 58 years.

      ✅ What is the minimum loan amount for Maharashtra Gramin Bank Personal Loan?

      The minimum loan amount for availing a personal loan from Maharashtra Gramin Bank is Rs. 25,000.  

      ✅ What is the maximum loan amount for Maharashtra Gramin Bank Personal Loan?

      Maharashtra Gramin Bank lets you take a maximum loan amount of Rs. 10 lakhs under the personal loan scheme. 

      ✅ What are the documents required for Maharashtra Gramin Bank Personal Loan?

      The documents required for a personal loan from Maharashtra Gramin Bank are Adhaar card/Voter ID, PAN card, salary slips of the last 6 months, ITR files of the last two years, and two recently clicked photographs.

      ✅ What is the Processing Fee for Maharashtra Gramin Bank Personal Loan?

      Maharashtra Gramin Bank charges a processing fee of up to 1% to 2% of the loan amount.

      ✅ How to get Maharashtra Gramin Bank Personal Loan for Self Employed?

      Maharashtra Gramin Bank provides special offers for self-employed borrowers to assist them financially. You should have to provide the ITR files of the last two years as your income proof.

      ✅ What is the Maximum Loan Tenure for Maharashtra Gramin Bank Personal Loan?

      The maximum tenure duration for a personal loan from Maharashtra Gramin Bank is 60 months.

      ✅ What should be the CIBIL Score for Maharashtra Gramin Bank Personal Loan?

      You must have a CIBIL score of at least 750 or above for availing a personal loan from  Maharashtra Gramin Bank.

      ✅ Do I have a preapproved offer for Maharashtra Gramin Bank Personal Loan?

      You can examine for your preapproved personal loan offers from Maharashtra Gramin Bank through Dialabank. You have to fill the simple form, and we will check all the offers for you and get back to you to help you choose the best one. 

      ✅ How to calculate EMI for Maharashtra Gramin Bank Personal Loan?

      You can use the EMI calculator convenient at Dialabank’s website to calculate your personal loan EMIs from Maharashtra Gramin Bank.

      ✅ How to pay Maharashtra Gramin Bank Personal Loan EMI?

      Your personal loan EMIs from Maharashtra Gramin Bank are automatically take away from your bank account monthly. You can also use the net-banking service of Maharashtra Gramin Bank to pay for your personal loan.

      ✅ How to close Maharashtra Gramin Bank Personal Loan?

      Collect your no dues certificate from contacting to Maharashtra Gramin Bank Branch by paying all your personal loan amount outstanding till the date.

      ✅ How to check Maharashtra Gramin Bank Personal Loan Status?

      You will need the visit the branch of Maharashtra Gramin Bank to know the status of your personal loan. On the other hand, you can visit Dialabank and fill a simple form to let us do the hard work for you.

      ✅ How to close Maharashtra Gramin Bank Personal Loan Online?

      Closing of personal loan from Maharashtra Gramin Bank involves the following steps:

      • Visit the net-banking page of Maharashtra Gramin Bank.
      • Login using your details.
      • Pay for your personal loan and save the transaction receipt.

      ✅ How to pay Maharashtra Gramin Bank Personal Loan EMI Online?

      Your personal loan Maharashtra Gramin Bank can be paid through the net-banking facility of Maharashtra Gramin Bank. Dialabank lets you compare offers and deals from different banks to choose the best, low-EMI personal loan. All you have to do is fill a simple form, and we will do the rest for you.

      ✅ How to check Personal Loan Balance in Maharashtra Gramin Bank?

      To check the personal loan balance in Maharashtra Gramin Bank, you will come in contact with the customer care number of PNB. If you are searching for low-interest personal loans, you can visit Dialabank and fill a simple form for Personal Loan Balance Transfer, and we will do the hard work for you.

      ✅ How to download Maharashtra Gramin Bank Personal Loan Statement?

      The personal loan statement of Maharashtra Gramin Bank can be downloaded using the Maharashtra Gramin Bank’s mobile banking app. You can visit the online platform of Dialabank and fill a simple form to compare and know about all the offers that we have for you. 

      ✅ How to Top Up Personal Loan in Maharashtra Gramin Bank?

      If you require a top-up on your personal loan from Maharashtra Gramin Bank, you will have to visit the branch of a bank and contact the loan officer. You can also fill a simple form with Dialabank at Personal Loan Top Up and leave the rest to us

      ✅ What happens if I don’t pay my Maharashtra Gramin Bank Personal Loan EMIs?

      Maharashtra Gramin Bank may charge you with a penal interest if you don’t pay your personal loan EMIs. You can apply for a balance transfer using Dialabank to get low-interest personal loans that will not put a hole in your pocket.

      ✅ How to find the Maharashtra Gramin Bank Personal Loan account number?

      You will need to contact your Maharashtra Gramin Bank loan branch to know your personal loan account number. You may also fill out the form available at Dialabank and let us do all the work for you.

      ✅What is the Maharashtra Gramin bank personal loan customer care number?

      9878981166 is the Maharashtra Gramin bank personal loan contact number.

      ✅What are the Maharashtra Gramin bank Personal Loan pre-closure charges?

      If you want to apply for foreclosure, then contact the bank or visit there to know the charges and documents.

      ✅What is the Maharashtra Gramin bank Personal Loan closure procedure?

      1. Visit the bank with the complete set of documents (as mentioned above).
      2. You may be required to fill a form or write a letter requesting pre-closure of the Personal Loan account.
      3. Pay the pre-closure amount.
      4. Sign the required documents, if any.
      5. Take acknowledgment of the balance amount you have paid.

      ✅What is the Maharashtra Gramin Bank Personal Loan Overdraft Facility?

      An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can correspondingly reimburse the got out totally at whatever point the condition is ideal. Subsequently, it is perhaps the most favored credit choices that benefitted to meet changing individual supporting necessities unbounded.

      Other Banks For Personal Loan

      Prathama Bank Personal Loan
      Pragathi Krishna Gramin Bank Personal Loan
      Puduvai Bharathiar Grama Bank Personal Loan scheme
      Puduvai Bharathiar Grama Bank Personal Loan

       

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