How to get Bank of Maharashtra Personal Loan Apply, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
If you want to take advantage of Bank of Maharashtra personal loan then this article is for you. In this article, we will know what is Bank of Maharashtra personal loan, interest rate of this loan, documents, eligibility and how we can apply for this loan etc., so read this article till the end.
Like other banks, Bank of Maharashtra also provides personal loan facility to the customers. Personal loan comes under the category of an unsecured loan . This loan is given to the applicant on the basis of his credit history. The applicant must have a very good CIBIL score to get a personal loan. If the applicant’s credit score and income is high, then the applicant can get a loan up to a higher loan amount and at an attractive interest rate.
Bank of Maharashtra Personal Loan
Any person can take an Instant Personal Loan for any of his personal work. The applicant can get a personal loan for his personal expenses such as marriage, medical emergency, education, children’s fees, travel etc. To take Bank of Maharashtra personal loan , the applicant has to apply which the applicant can do online and offline. Bank of Maharashtra Personal Loan Interest Rate starts from 10.35% per annum.
The higher your CIBIL score, the more attractive interest rates you can get. The maximum personal loan you can get under Bank of Maharashtra Personal Loan is Rs 20 lakh. The maximum loan tenure of the loan is 84 months. The processing fee of the loan is 1% of the loan amount + GST (minimum Rs.1000).
Bank of Maharashtra Personal Loan Overview
- Loan Name: Bank of Maharashtra Personal Loan 2024
- Lender Name : Bank Of Maharashtra
- Interest Rate : Starting from 10.35% p.a.
- Loan Tenure: Maximum 84 months
- Loan Amount : Maximum Rs.20 lakhs
- Processing Charge : 1% of loan amount + GST (Min.- Rs.1000)
- Official Website : https://www.bankofmaharashtra.in/
Bank of Maharashtra Personal Loan Interest Rate 2024
Bank of Maharashtra personal loan interest rate starts from 9.45% p.a. If your CIBIL score is very good then you can take advantage of the attractive interest rates of the bank. Before taking a personal loan, we need to know about personal loan interest rate 2023. If you apply for that loan without knowing the correct interest rate of the loan, then you may have to face problems at the time of repayment of the loan.
Benefits and Features of Bank of Maharashtra Personal Loan
- The applicant can get a loan of minimum Rs 3 lakh and maximum Rs 20 lakh.
- Attractive interest rates |
- Interest on daily reducing balance.
- Interest Rate Linked to RLLR |
- Minimum Documentation |
- Zero Hidden Charges |
- You can take this loan to meet your personal expenses.
- Margin – Nil
- Loan Repayment Period:-
- For Salaried – 84 Months
- For others – 60 months
- Deduction:
- The proposed EMI / notional interest should not exceed 60% of the gross income.
- 65% of gross income including proposed EMI in case of existing home loan borrowers.
- Processing Fee : 1.00% of the loan amount + GST (Min: Rs.1000)
Maha Bank Personal Loan Scheme for Bharat Petroleum Corporation Limited (BPCL) Employees
- You can take this loan to meet your personal expenses.
- All confirmed employees of BPCL-Public Sector Unit can apply for this loan.
- You can get loan amount from Rs.3 lakh to Rs.20 lakh.
- Loan Tenure – Maximum 84 months
- Margin – Nil
- Processing Fee – Nil
- Rate of Interest – RLLR + 1.65%
Bank of Maharashtra Personal Loan Eligibility
You can apply for this loan only when you fulfill all the conditions of this loan. If you are not eligible for this loan then you cannot apply for it. Following are the eligibility to apply to apply for Bank of Maharashtra Personal Loan:
- All Confirmed Employees Central/State Govt. / PSU / Public or Private Limited Companies / Reputed Corporates / MNCs taking salary from this bank can apply for this loan.
- Such salaried customers who do not have an account with this bank can also apply.
- Self-employed professionals can also apply for this loan.
Maharashtra Bank Personal Loan Documents
Before applying for the loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. For more information about the documents, you can contact the customer care number of the bank or you can contact by visiting your nearest bank branch. To apply for a Bank of Maharashtra personal loan, you must have the following documents:
- Identity Proof: Passport / Voter ID / Aadhaar / Driving License
- Salary slip of last 3 months
- Address Proof: A copy of the Ration Card / your electricity bill / passport
- Employment Proof: Certificate of continuous employment of one year with the present organization
- Income Proof: Latest 3 Months Bank Statement of Salary Account, Form 16
How to apply for Bank of Maharashtra Personal Loan?
If you fulfill all the conditions of this loan, then you can apply for it both online and offline. Here is the information about the process of applying:
Bank of Maharashtra Personal Loan Apply Online
- To apply online, you have to first visit the official website of the bank, bankofmaharashtra.in .
- On the home page of the website, you will see the option of personal loan in the option of Personal > Loans, click on it.
- On the next page you will see all the plans of personal loan, click on the scheme you want to apply for.
- To apply, you will see the option of Apply now on this page , click on it.
- After clicking, a form will open in front of you on the next page.
- In this form you have to enter all the requested information and click on Register Now option.
- After submitting the form, the bank staff will contact you and the loan process will be issued further.
How to apply offline?
- To apply offline, you have to first go to the bank branch of your nearest Bank of Maharashtra.
- You have to contact the bank employee by going to the bank branch.
- The bank employee will provide you all the information related to the loan.
- Then the documents of the applicant will be verified.
- Then you will be given a form.
- You have to enter all the information asked in the form correctly, attach your documents and submit it to the bank.
- In this way your offline application will be done.
- If your loan is approved then the loan amount will be transferred to your bank account.
Bank of Maharashtra Personal Loan EMI Calculator
Before applying for a personal loan, you should calculate the EMI (Equated Monthly Installment) of your loan so that you can find out how much you will have to pay at the time of loan repayment. You can go to the official website of the bankYou can calculate the EMI of your loan with the help of Personal Loan EMI CalculatorThe EMI of the loan mainly depends on the loan amount, interest rate and loan tenure. If you do not calculate the EMI of the loan before applying for the loan, then you may face difficulties at the time of loan repayment.
Bank of Maharashtra Personal Loan Customer Care Number
If you have any other type of information regarding this personal loan, then you can get information by calling the Bank of Maharashtra customer care number given below:
- All India Toll Free Number : 1800-233-4526 / 1800-102-2636
Conclusion:
In this article you have read Bank of Maharashtra Personal Loan (Bank of Maharashtra Personal Loan) have got complete information about. Any person can apply for Bank of Maharashtra personal loan if he fulfills all the conditions of this loan. If you have any other type of information regarding this loan, then you can get more information by calling Bank of Maharashtra Personal Loan Customer Care Number. I hope friends have found the article informative here. If you liked this article then please share it with your friends.
FAQ’s on Bank of Maharashtra Personal Loan
How can I check my loan eligibility in Bank of Maharashtra?
You can get this information by calling the bank’s customer care number 1800-233-4526/1800-102-2636.
What is the Bank of Maharashtra personal loan interest rate?
At present it starts from 10.35% per annum.
What is the loan tenure of Bank of Maharashtra Personal Loan?
84 months
What is the processing charge on Bank of Maharashtra personal loan?
1% of loan amount + GST (minimum Rs.1000)
Up to what amount can we get a personal loan from BOM?
From Rs.3 lakh to Rs.20 lakh.
How to apply for Bank of Maharashtra Personal Loan?
The complete procedure to apply for the loan is given in this article. You can apply for this loan by reading this article.