With affordable interest rates, Bank of Maharashtra offers personal loans. Additionally, Bank of Maharashtra provides paperless digital loan processing along with online, quick personal loan. Bank of Maharashtra with interest rates starting at 10.0% - 12.80% onwards. A maximum loan from upto 20 lacs with a maximum 0 to 7 year repayment period is available to you.
Interest Rate | 10.0% - 12.80% onwards | |
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Maximum Loan | upto 20 lacs | |
Processing Fees | 1 % | |
Maximum Loan Tenure | 0 to 7 year |
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The Bank of Maharashtra Personal Loan documents to be presented while applying for personal loans.
The loan application is finished
Three passport-size photos
Identification documents with photos, such as a voter ID card, passport, driver's licence, or IT PAN card
A photocopy of a recent phone bill or an electricity bill is proof of residence.
Passbook and Account Statements for the Previous Six Months
For the past two fiscal years, salaried employees' Form 16/IT returns
IT returns over the past three years for independent contractors
You can utilise the personal loan from Bank of Maharashtra, which is an unsecured loan, to pay for various expenses. An extensive selection of loan products is available from the public-sector bank, Bank of Maharashtra. The Indian government maintains a large ownership stake in the bank, owning 81.2% of the shares after it was founded in 1935 by a group of missionaries. One of the bank's many programmes, the Mahabank Personal Loan programme, is the most well-liked programme among the others in the programme line.
You can better comprehend the qualities and advantages of personal loans by keeping in mind the following essential points:
Personal loans are now available from all banks. The following characteristics make The Bank of Maharashtra unique:
Existing house loan borrowers can also get loans from the bank.
One guarantor is all that the application needs.
It has a flexible payment schedule.
Loans close extremely quickly.
The loans may be obtained safely.
Money from the loan can be used for personal purposes.
More rapid processing
Favourable Bank of Maharashtra Personal Loan interest rates
Accessible to all salaried workers and independent contractors, regardless of whether they are Borrowers on a mortgage
Here are the steps that you have to follow for Bank Of Maharashtra Personal Loan apply online:
Visit the official website Fincrif.com .
Firstly , login with your name and number .
Then fulfill your employment type.
Verify OTP.
Upload all the documents and submit .
Last , you will get a call from the Fincrif team and help you to proceed next.
ANS. Any legal personal expense may be paid for with the loan's proceeds. The usage of the loan amount is not subject to any restrictions from the bank, provided the justification is legitimate.
ANS. The borrower must be between the ages of 21 and 60 in order to qualify for the loan. Existing salaried home loan borrowers and holders of corporate accounts with salaries are eligible for the loan. To qualify, the candidate must make a certain amount of money.
ANS. Long, variable tenures are available from the bank.For this specific personal loan programme, the bank offers a maximum tenure duration of 84 months.
You must meet the requirements listed below to be eligible for a personal loan from Bank of Maharashtra.
Age 21 should be the minimum for applicants.
The applicant's age should not be greater than 60.
The applicant should make between 2.50 lakh and 3 lakh rupees per year as a minimum income.
Two years at least in the same position
One year in the company.
Issue of cheque leaves | Rs. 5 per cheque leaf Rs. 100 for cheque book of 20 leaves |
Account maintenance (ledger folio charges) | No charges |
Cash deposit at the bank | No charges |
Cash withdrawal from the bank | No charges |
SMS alert | Rs. 15 per quarter |
Change in address/mobile/email | Free for the first time, thereafter, Rs. 150 will be charged per occasion |
Addition/deletion of names in the account | Rs. 200 per occasion |
Change of signatures | Rs. 150 per occasion |
Closing of account | Account closed within 14 days: No charges Closed within 15 days to 1 year: Rs. 500 |
Inoperative charges | No charges will be levied irrespective of the balance in the account |
Loss of token | Rs. 100 per lost token |
Issuance of a new debit card | Classic contactless card: No charges Platinum card: Rs. 100 |
Add-on debit card | Rs. 300 |
Replacement of debit card | Rs. 200 |
Reissue of hot-listed debit card | Rs. 200 |
ATM charges | First five transactions in a month are free Over and above the limit of transactions are chargeable. Financial transactions will be charged at Rs. 21 per transaction and non-financial transactions are free |
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