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:
||Interest Rates (per annum)
|Bank of Maharashtra
||9.45% â 11.80%
||9.60% â 13.85%
|9.60% â 13.85%
||10.25% â 21%
||7.90% â 14.50%
||10.50% â 19%
||10.25% p.a. onwards
|Kotak Mahindra Bank
|IDFC First Bank
||10.49% â 23%
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.
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Most trustworthy lenders
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Personalised options available
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Can gain benefit from Pre-approved loans
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