Bank of Maharashtra personal loan is an unsecured loan you can use to meet different expenses. The public-sector bank, Bank of Maharashtra offers a broad range of loan products. Founded by with a group of missionaries in 1935, the Indian government has a significant stake owning 81.2 % shares of the bank. Out of different schemes offered by the bank, the bank provides a scheme called Mahabank Personal Loan which is the most popular among other schemes in the line it has.
This loan is granted to fulfil one’s personal expenses such as repairs and renovations of the house, weddings, education fee, travel, medications, etc. It also charges minimal interests rates for its customer to gain maximum benefits. At our website, Loanbaba.com, we provide you every detail about the bank personal loan.
| Bank of Maharashtra Personal Loan Details Updated on | |
| Loan Amount | Maximum Rs. 1.50 lakhs |
| Loan Tenure | 3 Years |
| Interest Rate | 12.70% Floating |
The following key points will help you understand the features and benefits of the personal loans:
Every bank today offers personal loans. The Bank of Maharashtra stands out because of the following reasons:
Loanbaba provides comprehensive information about personal loan schemes by Bank of Maharashtra. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for BOM Personal Loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Personal Loan Bank of Maharashtra interest rate is 12.70% floating, but varies as per individual profile. Keep a check on this page to note the updated Bank of Maharashtra personal loan interest rate for the current year.
Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Bank of Maharashtra personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Bank of Maharashtra personal loan are discussed below:
Bank of Maharashtra has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.
Below provided are important questions about personal loan Bank of Maharashtra FAQs
The eligibility criteria for Bank of Maharashtra personal loans are:
Personal loans have special offers if you have a salary account.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Bank of Maharashtra .
My experience with Bank of Maharashtra bank for personal loan in Bangalore was a good one. My schedule was so hectic that I chose to apply online for the loan at loanbaba and was not disappointed by either of their service. Both loanbaba and Bank of Maharashtra were professional in their service.
Jonathan Almeida
Personal loan by Bank of Maharashtra bank was perfect, but the turnaround time is something they can work upon.
Ajeet G. Pathak
This is first experience with Bank of Maharashtra bank and the personal loan process was on time. The Bank of Maharashtra team followed up as well properly. There were no issues in getting the amount.
Rohit Jain
I requested for personal loan in Ahmadabad from Bank of Maharashtra bank. At first there were some issues as their charges were increasing my expenses than expected, but worked out a solution to it. All thanks to their customer service.
Shristi Mishra
