Bank of Maharashtra Car Loan

Bank of Maharashtra | Car Loan | 13-Sep,2022

About Bank of Maharashtra: Bank of Maharashtra is one of the largest banks in India. It is a government-owned bank. The bank has over 1900 branches spread across India. It offers a wide range of banking and financial services. Currently, Bank of Maharashtras headquarters are located in Pune, Maharashtra.

Detail: Bank of Maharashtra car loan can be availed at an attractive interest rates with flexible payment options from 2 years to 05 years. Applicant’s age should be between 18 to 60 years.

Annual Percentage Rate (APR): 7.55% p.a.

Minimum & Maximum period for repayment (Loan Tenure): 1) New Car - 02 years to 07 years 2) Used Car - 02 years to 05 years

Loan processing charges: 0.25% of the loan amount (Max Rs. 15,000)

Late Payment: N/A

Foreclosure Charges: N/A

Partpayment Charges: N/A

Maximum Loan Amount: 1) New Car – Up to 90% of on-road price 2) Used Car – Up to 50% of market value

Bank of Maharashtra Profile

Sector : Finance

Industry : Regional Banks

Bank of Maharashtra is currently among the largest banks, thanks to its excellent and robust banking and financial services. The bank was established on September 16, 1935. Currently, A. S. Rajeev holds the position of CEO. According to sources, the bank had acquired 15 million customers by March 25, 2021.

Know more

You will go on the Official website.

Popular Posts

3 Reasons you need to buy a two-wheeler with a personal loan

5 Best Family Health Insurance Plans For 2025

5 Best Maternity Insurance Policies For 2021

5 Financial Instruments Against Which You Can Think Of Taking A Loan

Loan Type

Bank of Maharashtra ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 9.55% Up to 20 Lakh 12 months to 84 months Up to 1% of loan amount sanctioned As per the loan agreement N/A N/A
Home Loan 7.05% p.a. Up to 30 Lacs 05 years to 30 years Up to 2% of loan amount sanctioned As per the loan agreement N/A N/A
Car Loan 7.55% p.a. 1) New Car – Up to 90% of on-road price 2) Used Car – Up to 50% of market value 1) New Car - 02 years to 07 years 2) Used Car - 02 years to 05 years 0.25% of the loan amount (Max Rs. 15,000) N/A N/A N/A
Business Loan 12% Maximum of Rs.3 crores Maximum of 7 years Up to 3% of the loan amount As per the loan agreement N/A N/A

Disclaimer* - All the information provided on this site regarding loans and other banking services is completely taken from different websites of respected banks and financiers. We do not provide any kind of loan or finance. We only help you out to find the right loan or banking service that would be best for you as per your requirements. We do not get user data for further processing. We do not take any kind of money from our users, or do we have a sales team to provide loan. All loans are at the discretion of the associated Banks.