Maharashtra Gramin Bank Personal Loan Key Features Apr 18 2024
| 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 |
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: |
| Proof of Address |
Rent Agreement (Min. 1 year of stay) |
| Proof of Income |
ITR: Last two Assessment years, |
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 |
| Private 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:
- First of all amount of the loan
- Rate of interest that the bank can ask
- 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 preapproved, 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
If your funds are ready and 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 condition is ideal. Subsequently, it is perhaps the most favoured credit choices that benefitted from meeting 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
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 of 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 more straightforward loan terms are one of them.
Personal Loan for Doctors
Doctors and medical professionals who may financially require assistance 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. You can apply for a top-up loan for such scenarios 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 significant 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 little difficulty. Several holiday-related expenses will be funded by this personal loan from Maharashtra Gramin Bank, including booking flight fares, hotel accommodation, guided tours, etc. The Maharashtra Gramin Bank Holiday Loan’s key features are:
- Interest rates on holiday loans start at 11.25 per cent p.a.
- You should use up to Rs 20 Lakh quickly so that a financial crunch will 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 primary 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 per cent 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.
- We are using the online portal of the bank.
How to Apply for Maharashtra Gramin Bank Personal Loan?
You can avail yourself of the 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:
- To avail of Home Credit Personal Loan online, you have to visit Dialabank online.
- Also, you can visit Maharashtra Gramin Bank Personal Loan on Dialabank.
- Once you go through the Home Credit Personal Loan page, you can check the eligibility, documents, and loan scheme for personal loans.
- Then, you can fill a simple online form with your specifications.
- Once you submit the form, our representatives will call you telephonically.
- The representatives will assist you in the whole process.
- Your Home Credit Personal Loan will get approved in no time.
The 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 your loan application to your chosen lender, and you will usually get a call from the lender’s representative 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 generally 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 based on 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 to the Maharashtra Gramin Bank Portal
- Visit the Official Website of Maharashtra Gramin Bank.
- In the upper right corner of the screen, press the ‘Login’ button.
- You used 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:
- First, visit the official website of the bank.
- Then, tap ‘Get in touch and click ‘Requests for help’ from the drop-down column.
- Pick ‘Personal Loan Related’ under the ‘Loans’ menu on the next page that opens.
- 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. Therefore, a six-month moratorium on various term loans has been declared to some degree to minimize its impact. In addition, 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.
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 maturity period. 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. Therefore, using this relief method only as a last resort is also necessary so that the unpaid loan does not default.
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: Dialabank helps you view personal loan offers on a single platform from multiple prospective lenders, avoiding the need to visit numerous bank websites or branches.
- Know EMI instantly: On the Dialabank website, use the personal loan EMI calculator. You can check the EMIs that you will pay for on a personal loan right before applying for one. It can allow you to borrow the amount you need to repay quickly and have a stable payment schedule.
- Free of charge: In addition, when applying for a personal loan on Dialabank, you are not required to incur any fees.
Important Aspects
Below are some essential items you need to note when applying to Maharashtra Gramin Bank for a personal loan:
- It is still intelligent 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 in more desirable conditions.
- It is advisable to compare the expense of a personal loan (interest rates and all associated charges) issued by various lenders on Dialabank 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 more considerable amount. It will add to the interest rate and 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 opportunity in a convenient and swift approval.
✅ What is the Interest Rate for Maharashtra Gramin Bank Personal Loan?
Maharashtra Gramin Bank charges an interest rate of 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 of 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 previous 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 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. Therefore, you should give 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?
It would help if you had a CIBIL score of at least 750 or above to avail of a personal loan from Maharashtra Gramin Bank.
✅ Do I have a preapproved offer for Maharashtra Gramin Bank Personal Loan?
You can examine 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 taken 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 by contacting 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:
- First, 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. You have to 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 contact the customer care number of PNB. On the other hand, 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 Maharashtra Gramin Bank’s mobile banking app. Moreover, you can visit the online platform of Dialabank and fill a simple form to compare and know about all the offers 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 penal interest if you don’t pay your personal loan EMIs. However, 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, contact the bank or visit there to know the charges and documents.
✅ What is the Maharashtra Gramin bank Personal Loan closure procedure?
- Visit the bank with the complete set of documents (as mentioned above).
- You may be required to fill a form or write a letter requesting the Personal Loan account pre-closure.
- Pay the pre-closure amount.
- Sign the required documents, if any.
- Take acknowledgement 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 condition is ideal. Subsequently, it is perhaps the most favoured credit choices that benefitted from meeting 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 |
