Bank of Maharashtra Personal Loan – Check Eligibility, Interest Rate & Documentation

Instant Approval
Minimal Documentation
Flexible Tenure Options

Apply online for a Bank of Maharashtra personal loan and access quick funds with minimal paperwork. Compare eligibility, interest rates, and documents in one place. Ideal for home renovation, medical needs, education, weddings, travel, or debt consolidation. Enjoy fast approval, flexible tenure, and a smooth 100% digital process designed for convenience.

Interest Rate
10.0%
Loan Amount
upto ₹ 20 lacs
Processing Fees
1%
Loan Tenure
0 to 7 years
Check the offer

Get a Personal Loan upto ₹25 Lakh in 30 Minutes*

100% digital and secure process, 45% lower EMIs starting at ₹1104/Lakh, Pay interest only on what you use with flexi loan.

Instant e-KYC No collateral Flexible tenure Trusted partner
Approval in 2 minutes & Disbursal in 30 Mins*
Disclaimer: Fincrif India Pvt Ltd is not associated with Bank of Maharashtra for personal loans. Information here is for general guidance only. For official details, contact Bank of Maharashtra directly.
1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

Eligibility Criteria for Bank of Maharashtra Personal Loan 

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 lacs and 3 lacs rupees per year as a minimum income.

  • Two years at least in the same position

  • One year in the company.

Documents Required for Bank of Maharashtra Personal Loan 

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

Fees of Bank of Maharashtra Personal Loan

Issue of cheque leaves ₹ 5 per cheque leaf
₹ 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 ₹ 15 per quarter
Change in address/mobile/email Free for the first time, thereafter, ₹ 150 will be charged per occasion
Addition/deletion of names in the account ₹ 200 per occasion
Change of signatures ₹ 150 per occasion
Closing of account Account closed within 14 days: No charges
Closed within 15 days to 1 year: ₹ 500
Inoperative charges No charges will be levied irrespective of the balance in the account
Loss of token ₹ 100 per lost token
Issuance of a new debit card Classic contactless card: No charges
Platinum card: ₹ 100
Add-on debit card ₹ 300
Replacement of debit card ₹ 200
Reissue of hot-listed debit card ₹ 200
ATM charges The first five transactions in a month are free
Over and above the limit of transactions are chargeable. Financial transactions will be charged at ₹ 21 per transaction and non-financial transactions are free
Feature and Benefits of Bank of Maharashtra Personal Loan

You can utilize the personal loan from the 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 holds 81.2% of the shares after the bank was founded in 1935. One of the bank's most popular offerings is the Maha Bank Personal Loan programme.

Feature and Benefits of Bank of Maharashtra Personal Loan

You can better understand the features and benefits of personal loans by keeping in mind the following essential points:

  • Existing home loan borrowers can also avail loans from the bank.
  • Only one guarantor is required for the application.
  • It offers a flexible payment schedule.
  • Loans are processed very quickly.
  • Loans are offered with security.
  • Loan funds can be used for personal purposes.
  • Processing is faster than many other institutions.
  • Bank of Maharashtra offers favorable interest rates.
  • Accessible to all salaried workers and independent contractors, whether they are mortgage borrowers or not.

Frequently Asked Questions (FAQ)

  1. What purposes is the loan amount eligible for?

    Ans: The loan amount can be used for any legal personal expense. There are no restrictions from the bank, as long as the purpose is legitimate.

  2. What conditions must be met to be eligible for a BOM Personal Loan?

    Ans: The borrower must be between 21 and 60 years old. Existing salaried home loan borrowers and holders of corporate salary accounts are eligible. Applicants must also meet a certain income threshold to qualify.

  3. What is the longest loan term available?

    Ans: The maximum tenure duration for this personal loan programme is 84 months, offering a long and flexible repayment period.

EMI Calculator

Calculate Your EMI Instantly

A Multi-Purpose Loan EMI Calculator helps you estimate your monthly repayment amount before applying for a loan. Whether it’s for education, travel, wedding, home renovation, or business needs—know your EMI and plan smarter.

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