|Loan amount||Maximum up to Rs. 20 Lakhs|
|Repayment tenure||Up to 7 years for salaried & 5 years for others|
|Rate of interest||10.85% to 14.20% p.a.|
|Processing fee||1% of the loan amount + GST|
|Income required||Minimum annual income of Rs. 3 Lakhs|
|Age limit||21 to 60 years|
Key features of Maharashtra Bank personal loan are mentioned below:
Additional Info: Check Bank of Maharashtra Balance Check Number service.
The Personal Loan EMI Calculator helps you determine if the loan fits into your budget or not. The EMI (equated monthly instalment) is the amount paid by the borrower to the lender towards the loan.
You can calculate your Maharashtra Bank loan EMI online with our Personal Loan EMI Calculator tool. Just open the EMI Calculator page given under the Financial Tools section on our website and enter a few parameters like the loan amount, rate of interest, and repayment tenure.
Below is an illustration showing the EMI calculation for the Bank of Maharashtra loan scheme using the MyMoneyMantra Personal Loan EMI Calculator:
Identity proof (any one): PAN Card, Passport, Driving License, Election ID Card, Aadhaar Card, or Photo ID Card issued by the current employer.
Residence proof (any one): Passport, Election ID Card, Electricity Bill, Telephone Bill, Driving License, Aadhaar Card, or Photo ID Card issued by the current employer
Documents of salaried applicants:
Documents of non-salaried/businessman/professional applicants:
Other documents if applicable
Following are the Bank of Maharashtra personal loan interest rate 2022 till now:
|Personal Loan Scheme||CIBIL Score||Rate of Interest|
|Maha Bank Personal Loan||750 & above||10.85%|
|700 - 749||11.70%|
|650 - 699||12.70%|
|600 - 649||14.20%|
|-1 or 0 & 01 to 05||13.20%|
|Salary Gain Scheme||-||9.95%|
|Maha Bank Personal Loan Scheme for BPCL Employees||-||11.35%|
You can contact Bank of Maharashtra for any personal loan queries, feedback, or complaint at the bank’s All India Toll-Free Numbers, i.e. 1800 233 4526 and 1800 102 2636.
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The current Maharashtra Bank personal loan interest rate starts from 10.85% p.a.
Yes, Central/State Government, Municipal Corporation, PSUs and Family pensioners drawing pensions from the Bank of Maharashtra can apply for personal loans under Maha bank Aadhar Loan Scheme.
The maximum repayment tenure offered under the Bank of Maharashtra Consumer Loan scheme is up to 60 months.
The minimum annual income required to apply for the Bank of Maharashtra Personal Loan is Rs. 3 Lakhs.
The current RLLR of the Bank of Maharashtra is 7.20% w.e.f. 10.06.2022