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Current personal loan interest rates start @10.25% Check Best Offers
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Bank of Maharashtra personal loan
India’s Bank of Maharashtra is one of the world’s biggest and most recognized public-sector lenders. The Indian government owns more than 81.61 percent of the company’s stock. All of the bank’s 15 million customers are served via 1897 branch locations around the country. This bank has the most branches of any public-sector bank in Maharashtra, making it the country’s largest. Bank of Maharashtra offers personal loans beginning at 8.45 percent p.a. for loan amounts up to Rs 20 lakh and for loan terms up to 7 years at this rate. Continue reading to find out more about the Personal Loan offered by the Bank of Maharashtra.
Comparison with the other loan interest rate:
| Banks | Interest Rates (per annum) |
|---|---|
| Bank of Maharashtra | 9.45% â 11.80% |
| SBI | 9.60% â 13.85% |
| 9.60% â 13.85% | 10.25% â 21% |
| PNB | 7.90% â 14.50% |
| ICICI Bank | 10.50% â 19% |
| Axis Bank | 10.25% p.a. onwards |
| Kotak Mahindra Bank | 10.25% onwards |
| IndusInd Bank | 11.00% onwards |
| IDFC First Bank | 10.49% â 23% |
| Bajaj Finserv | 13.00% onwards |
| Tata Capital | 10.99% onwards |
Different kinds of Bank of Maharashtra Personal Loan
Maha Bank Personal Loan
Purpose: Paying one’s own way for paid and self-employed workers.
Loan Amount: It is up to Rs 20 lakh
Tenure For Salaried employees: It is up to 7 years
Tenure For Others: It is up to 5 years
Maha Bank Personal Loan Scheme for BPCL Employees
Purpose: To address the personal needs of all BPCL-Public Sector Unit personnel.
Tenure: It is up to 7 years.
Loan Amount: It is up to Rs 20 lakh
Processing Fee: NIL
Advantages of Bank of Maharashtra
Interest rates are at a low point.
There are no hidden fees or administrative expenses.
There will be less paperwork.
- An extended period.
Requirement for a Minimum Earnings.
Pensioners are eligible for substantial discounts.
Why opt for the Bank of Maharastra Personal Loan?
Personal loans are available from many lenders, including the Bank of Maharashtra, one of the country’s leading financial institutions. It is the bank of choice for everyone when it comes to financial services. It’s possible to take a personal loan from the Bank of Maharashtra to pay for everything from wedding expenditures to medical treatments to house renovations to holidays.
Repayment options for Bank of Maharashtra Personal Loan
You won’t have to write checks, go to the bank, or wait in line to pay back your debts. You’ll be able to pay via the website. If you follow a few easy steps, you can stop worrying about making EMI payments each month. You may pay back your loan whenever it’s convenient for you, and it’s fast, safe, and accessible. In addition, you may pay off your personal loan far faster than the regular repayment plan by paying an extra monthly payment each year. Monthly payment of INR 4,800, for example, might result in an annual payment of INR 4,800 or more.
What makes RupiLoan right platform to apply for an Individual Loan?
Most trustworthy lenders
In order to present you with the best loan alternatives from various lenders in one place, Rupiloan has partnered with more than 30 banks, non-bank financial institutions, and fintech businesses.
Make comparisons
What’s the best option? Using a few mouse clicks, you can research and compare personal loan offers from India’s leading banks, non-banking financial institutions (NBFCs), all on one screen.
Personalised options available
With a high degree of acceptance assurance, we provide customised solutions RupiLoan ranks personal loan offers based on your credit score and other qualifying factors to determine which ones are most relevant to you. Your loan application will be accepted if you use this information to help you choose the best deal.
Can gain benefit from Pre-approved loans
These loans are those that have already been authorised. Once you’ve joined the Rupiloan community, you’ll get personalised pre-approval offers for personal loans based on your credit score and history. There is minimal to no verification required for these loans and the processing expenses are inexpensive.
Right advice
RupiLoan’s team of experts will assist you in every stage of the procedure, coordinate with lending banks/NBFCs, and help you get the best personal loan for your needs.
When it comes to applying for a personal loan, Rupiloan.com is a 100% digital-only company, which means that you can apply from the comfort of your own home with zero to little paperwork and an entirely digital experience.
End-to-end Assistance
After you complete your loan application, RupiLoan representatives will visit your home or place of business at a mutually agreed-upon time and day to pick up any physical papers that is needed. RupiLoan takes care of everything for you, so you don’t have to go to a lending institution in person to submit your documentation. Comprehensive Help from Start to Finish RupiLoan’s team is always by your side, working with the lenders to make sure you have an excellent experience from beginning to finish, from searching for a loan choice to getting the sanctioned money in your bank account.
