Bank Of Maharashtra Personal Loan Interest Rates

Bank of Maharashtra Personal Loan

Bank of Maharashtra | Personal 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: To become eligible for a personal loan, applicant should be attained the age of 21 years at the time of applying for a loan.

Annual Percentage Rate (APR): 9.55%

Minimum & Maximum period for repayment (Loan Tenure): 12 months to 84 months

Loan processing charges: Up to 1% of loan amount sanctioned

Late Payment: As per the loan agreement

Foreclosure Charges: N/A

Partpayment Charges: N/A

Maximum Loan Amount: Up to 20 Lakh

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.

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Loan Type

	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