Bank of Maharashtra Personal Loan Interest-Apply Online
Maharashtra is one of the most popular states for personal loan interest rates. You can get a personal loan from various banks in Maharashtra with interest rates ranging from 12.5% to 14%. The best time to apply for a personal loan in Maharashtra is during the month of January.Are you looking for a personal loan but don’t know where to start? Well, Bank of Maharashtra has the solution for you – their online application system allows you to apply for a loan without having to leave your home or office. Plus, because Bank of Maharashtra is a government-owned bank, you can be sure that you’re getting an excellent rate on your loan.Looking for a quick and easy way to get a personal loan? Bank of Maharashtra has you covered! With an online application process, you can get approved for a loan in just a few minutes. Plus, there are no credit checks required – so whether you have good or bad credit, you’re eligible for a loan from Bank of Maharashtra.
What is Bank of Maharashtra Personal Loan
Bank of Maharashtra personal loan is an unsecured loan offered by the Bank of Maharashtra. It is a short-term loan that can be used for a variety of purposes such as finance needs like buying a car, paying off debts, and emergency expenses. The interest rate on Bank of Maharashtra personal loans is usually higher than other loans, but the terms are usually shorter.
The process of applying for a Bank of Maharashtra personal loan is simple. You will need to complete an online application form and provide necessary documents. After submitting the application, you will receive a decision within 24 hours. If you’re approved for a loan, you will need to make a payment before the loan expires.If you have any questions about Bank of Maharashtra personal loans, please feel free to contact the bank’s customer service team.
Bank of Maharashtra Personal Loan Key Features Jan 2021
| Eligibility Criteria | Details |
| Age | 21 – 60 Years |
| CIBIL | Minimum 750 or above |
| Bank of Maharashtra Personal Loan Interest Rate | 6.95% per annum |
| Lowest EMI per lakh | Rs. 1800 |
| Tenure | 12 to 84 months |
| Bank of Maharashtra Personal Loan Processing Fee | 1% |
| Prepayment Charges | NIL |
| Part Payment Charges | NIL |
| Minimum Loan Amount | Rs. 3 lakh |
| Maximum Loan Amount | Rs. 20 Lakh |
Types of Bank of Maharashtra Personal Loan
-There are different types of Bank of Maharashtra Personal Loan available, which you can choose from according to your financial requirement. You can get a personal loan in the range of Rs 25,000 to Rs 2 crore.
-The interest rate for personal loans is variable and depends on your credit score. The bank offers attractive interest rates for personal loans with minimum tenure of 1 year and maximum tenure of 10 years.
-You can apply online for a Bank of Maharashtra Personal Loan and get it sanctioned within minutes. The entire application process is simple and takes just few minutes to complete.
How to Apply for Bank of Maharashtra Personal Loan
Bank of Maharashtra is one of the leading commercial banks in India. It offers a wide range of personal loans products to its customers. The bank has online application facility where you can apply for personal loans online. You need to provide your contact details, loan amount, tenure, and other required details to complete the application process. Bank of Maharashtra offers a range of personal loan products to its customers. You can choose from a range of loan tenure options such as short-term, medium-term, and long-term loans. You can also choose from a number of loan amount options such as Rs 10,000 to Rs 1 million. The interest rate offered by the bank varies according to the loan tenure and amount chosen. The interest rate for short-term loans is lower than that for long-term loans. The interest rate for medium-term loans is higher than that for short-term loans. The interest rate for long-term loans is higher than that for medium-term loans. The interest rate offered by the bank varies according to the loan tenure and amount chosen. You can also choose from a number of repayment options such as annual repayments, monthly repayments, or flexible repayments. The repayment period offered by the bank ranges from 36 months
Interest Rate of Bank of Maharashtra Personal Loan
Bank of Maharashtra offers personal loan with an interest rate of 9.5%. The minimum loan amount is Rs 10,000 and the maximum loan amount is Rs 1 crore. You can apply online for a personal loan from Bank of Maharashtra.
The Bank of Maharashtra offers personal loan to the people residing in Maharashtra. The interest rate of Bank of Maharashtra personal loan is 10%. The minimum amount required for availing the personal loan is Rs 2 lakhs. The maximum amount that can be borrowed is Rs 5 crore. The tenure of the personal loan is up to five years. The processing time for the application for bank of Maharashtra personal loan is few days.
| Bank of Maharashtra Personal Loan Interest Rate | 6.95% per annum |
| Bank of Maharashtra Personal Loan Processing Charges | 1% |
| 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 |
Processing Time for Bank of Maharashtra Personal Loan
If you are looking for a quick and easy way to get a personal loan, then you may want to consider applying with the Bank of Maharashtra. Their processing time is usually quick and they offer competitive interest rates. You can find more information about their personal loans on their website or by using the online application form.
The processing time for a Bank of Maharashtra personal loan can vary depending on the type of loan and your credit score. Generally, loans with lower interest rates and shorter terms will process faster than loans with higher interest rates and longer terms. The best way to determine the processing time for your specific loan is to visit the bank’s website or call customer service.
Repayment Period for Bank of Maharashtra Personal Loan
Bank of Maharashtra personal loan interest rate is 8%. Repayment period for this loan is 120 months. The minimum amount that you can borrow from Bank of Maharashtra is Rs 10,000 and the maximum amount is Rs 1 crore.
To apply for a personal loan from Bank of Maharashtra, visit their website and fill in the required details. After submitting the application form, you will receive an acknowledgement from Bank of Maharashtra. Once your application has been processed, you will be contacted to discuss your loan options and terms.
Other Terms and Conditions for Bank of Maharashtra Personal Loan
If you are looking for a personal loan from Bank of Maharashtra, keep in mind that there are a few other terms and conditions that you should be aware of. First, the minimum loan amount is Rs 1 lakh. Second, the interest rate for this type of loan is variable, and ranges from 9.9% to 18.9%. Third, the loan repayments are monthly, and you must make principal and interest payments each month. Finally, the bank may require collateral to secure the loan.
Eligibility Criteria for Bank of Maharashtra Personal Loan
Bank of Maharashtra Personal Loan is an interest-free loan up to Rs. 2 lakhs sanctioned by the bank to customers with a good credit history.
To be eligible for a personal loan from Bank of Maharashtra, you must meet the following eligibility criteria:
You must be a resident of Maharashtra.
You must have a valid Aadhaar card.
Your monthly income must not exceed Rs. 25,000 excluding any other sources of income like rent, capital gains, etc.
Your repayment tenure should not exceed one year.
| CIBIL score | 750 and Above |
| Age | 21-60 years |
| Min Income | Rs 25000/month |
| Occupation | Salaried/Self-employed |
Other Important Details about Bank of Maharashtra Personal Loan
If you are looking for a personal loan and have some extra money to spare, then Bank of Maharashtra is the perfect option for you. The bank offers a variety of personal loans, from small amounts of Rs 10,000 to lakhs of rupees. You can apply online or in person, and the bank has a range of options for repayment, includingfixed or variable rates. To get the best possible interest rate, make sure you apply early – the bank often has different rates for different periods of the year.
Bank of Maharashtra is one of the oldest and popular private banks in India. It has a large network of branches all over Maharashtra. The bank offers a wide range of financial products and services to its customers. It also offers personal loans to individuals and families.
The bank offers personal loans in two different formats – fixed rate and floating rate. The fixed rate personal loan is available for a period of upto five years while the floating rate personal loan is available for a period of upto twelve months. The interest rates for both the loans are variable and are based on the lending grade of the bank.
The minimum amount that can be borrowed on a personal loan from Bank of Maharashtra is Rs 10,000 and the maximum amount that can be borrowed is Rs 1 crore. The interest rates for both the loans are variable and are based on the lending grade of the bank.
To apply for a personal loan from Bank of Maharashtra, you need to visit their website or visit one of their branches. You can also apply online using their online application facility.
Bank of Maharashtra Personal Loan Interest-Apply Online
Bank of Maharashtra Personal Loan Compared to Other Banks
| Particulars | Bank of Maharashtra | HDFC Bank | Bajaj Finserv | Axis Bank | Citibank | ICICI Bank |
| Interest Rate | 6.95% | 10.50% to 21.50% | Starting from 12.99% | 7.35% to 24% | Starting from 10.50% | 10.50% to 19.25% |
| Tenure | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months |
| Loan amount | Up to Rs. 10 lakh | Up to Rs. 40 lakh | Up to Rs. 25 lakh | Rs. 50,000 to Rs. 15 lakh | Up to Rs. 30 lakh | Up to Rs. 20 lakh |
| Processing Fee | Up to 1% of the loan amount | Up to 2.50% of the loan amount | Up to 3.99% of the loan amount | Up to 2% of the loan amount | Up to 3% of the loan amount | Up to 2.25% of the loan amount |
Bank of Maharashtra Personal Loan Documents Required
| Form | Duly filled application form |
| Proof of Identity | Copy of: > Passport > Driving License > Aadhar Card > Voter ID Card |
| Proof of Address | Rent Agreement (Min. 1 year of stay) Utility Bills Passport (Proof of permanent residence) Ration card |
| Proof of Income | > ITR: Last two Assessment years > Salary Slip: Last 6 months > Bank Statement: Last 3 months |