Bank of Maharashtra Home Loan

Bank of Maharashtra | Home 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: You can avail home loan from the Bank of Maharashtra starting rate of interest @ 7.05% p.a. To become eligible for this loan, applicant’s age should not be more than 60 years.

Annual Percentage Rate (APR): 7.05% p.a.

Minimum & Maximum period for repayment (Loan Tenure): 05 years to 30 years

Loan processing charges: Up to 2% of loan amount sanctioned

Late Payment: As per the loan agreement

Foreclosure Charges: N/A

Partpayment Charges: N/A

Maximum Loan Amount: Up to 30 Lacs

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.

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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

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