All you need to know about Bank of Maharashtra Personal Loan

Apply Personal Loan Online

Upto 40 Lacs* @ 10.99%* P.A

Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

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Bank of Maharashtra Personal Loan is an unsecured loan which offers financial relief against any kind of monetary crunch at any point of time. With the help of Bank of Maharashtra Personal Loan, you do not have to limit to the purpose of the loan. You can use Bank of Maharashtra Personal Loan to meet any kinds of financial needs like- child’s higher education, medical emergencies, buying any consumer durable goods, reconstructing your house and what not. Based on Bank of Maharashtra Personal Loan eligibility, you can easily opt for Bank of Maharashtra Personal Loan online apply. You need to have a minimum CIBIL score of 750 or above and must have high repaying capacity to obtain Bank of Maharashtra Personal Loan interest rate at a lower rate. Most importantly, you do not have to pledge any property papers or any kind of security for availing Bank of Maharashtra Personal Loan.

Features & Benefits of Bank of Maharashtra Personal Loan

  • Bank of Maharashtra Personal Loan apply can be easily done via online or offline mode based on your flexibility.
  • Very minimal paperwork is involved in Bank of Maharashtra Personal Loan online apply.
  • Flexible loan repayment tenure ranges from 1 to 5 years is offered by Bank of Maharashtra Personal Loan.
  • Bank of Maharashtra Personal Loan rate of interest is very attractive and depends on your loan eligibility.
  • You can easily repay Bank of Maharashtra Personal Loan via monthly installments which is very user-friendly and also budget-friendly.
  • With the help of Bank of Maharashtra Personal Loan calculator, you can easily evaluate the Bank of Maharashtra Personal Loan interest rate by entering some details.
  • At the time of repayment, you can use the Bank of Maharashtra Personal Loan EMI calculator to know the amount that you need to repay.
  • For Bank of Maharashtra, Personal Loan online apply, you need to fill Bank of Maharashtra Personal Loan form and submit Bank of Maharashtra Personal Loan documents which are quite minimal.
  • Very low processing fees and no hidden fees are charged when you avail Bank of Maharashtra Personal Loan in India.
  • Before applying for a loan, you can check Bank of Maharashtra Personal Loan details to have a better understanding of it.
  • You can find Bank of Maharashtra Personal Loan information related to Bank of Maharashtra Personal Loan interest rate 2019.

Factors that affect Bank of Maharashtra Personal Loan Rate of Interest

  • Age– The age at which you are applying for Bank of Maharashtra Personal Loan is a very important factor. If you apply at a young age, your repaying capacity will be high and Bank of Maharashtra Personal Loan rate of interest will be low and vice versa.
  • CIBIL score- Your credit history and creditworthiness is easily viewed as the CIBIL score. Higher CIBIL score emphasizes good credit history and good repaying capacity. Bank of Maharashtra Personal Loan interest rate will be high if your minimum CIBIL score is below 750.
  • Residential Address- Bank of Maharashtra Personal Loan interest rate will be low for those who are staying in their own house. But if you stay in a rented house, your repaying capacity will be reduced and so will affect negatively on the interest rate.
  • Loan Tenure- If you opt for Bank of Maharashtra Personal Loan for a longer tenure, your monthly payments will be low but Bank of Maharashtra Personal Loan rate of interest will be high and vice-versa.
  • Existing debts- If you have a financial liability of paying credit card dues or loan EMIs, then obviously your repaying ability will be reduced. So, paying off your debts and then Bank of Maharashtra Personal Loan apply will reduce the rate of interest.

Bank of Maharashtra Personal Loan Documents

  • Bank of Maharashtra Personal Loan application form
  • Passport photograph
  • Age proof – PAN Card/ Aadhaar Card / Voter ID
  • Last 6 months updated Bank statement
  • Salary slip of the last 3 months.
  • Address proof- Passport/ Rent Agreement/ Telephone Bill or latest electricity bill

Bank of Maharashtra Personal Loan Eligibility

Eligibility Criteria
Age 21-58 years
Credit Score 750 or above
Net Minimum Salary Rs. 25,000
Profession Employed in MNCs, government sectors, or private sector
Loan Amount Up to Rs. 2 lakhs (may vary)
Current Residence 1 year
Work Experience Minimum 2 years and at least 1 year in the present company

Bank of Maharashtra Personal Loan Interest Rates & Charges

Interest Rate

15.10%*

Processing Fees

Up to 2%

Foreclosure Charges

Nil

* Value may vary from to time

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

Proceed

Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

Proceed
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