Maha Bank Consumer Loan Scheme for “Government Employees and Defence Personnel
Sr.No Parameter Details
1. Name of the scheme Maha Bank Consumer Loan Scheme for “Government Employees and Defence Personnel”
2. Type of credit facilities Term Loan
3. Purpose For purchase of consumer durables including computers / Laptops, Electronic Gadgets etc
4. Eligibility All “Government Employees and Defence Personnel” with a permanent job for the period of minimum 1 year in current organization of State / Central Government
5. Annual Income
  • Minimum Rs.3.00 lakh p.a. - Minimum past 1 year ITR/Form 16 from the Employer is Mandatory
  • Alternatively, revised salary be reckoned for calculating annual gross income from salary
6. Age Limit
  • Minimum : 21 Years
  • Maximum: 60 Years
7. Quantum of Finance Maximum Rs.5.00 lakh, Subject to deduction norms
8. Margin
  • Minimum 25% of the cost of the Consumer goods
  • Minimum 40% of the cost of Computers/Laptops/Electronic Gadgets
9. Rate of Interest 1 year MCLR + 2.00%
10. Repayment Maximum 60 Months
11. Deduction Not to exceed 65% of Gross Income including Proposed EMI of the Loan
12. Processing Charges No Processing Fee
13. Security Hypothecation of Consumer goods purchased
14. Guarantor One guarantor acceptable to the Bank
 
Integrety Pledge by CVC

User Manual - UPI
Is your Bank Account KYC compliant?
Locate Branch/ATM
Bank's Willful Defaulters
List of ATMs in Six Metro Cities (New Delhi, Mumbai, Kolkata, Bengluru, Chennai, Hyderabad)

RBI Monetary Museum - Reserve Bank of India

General Information about the Museum
 
 
CUSTOMER EDUCATION : Security Features of Indian Banknotes
 
A Little extra care makes your online transactions more secure

1- English Version
 
Mahabank gold loan scheme - Loan Against gold ornaments
 
Account Portability : Transfer of account from one branch to another branch in the Bank
New Recurring Deposit Schemes : Maha Millionaire, Maha Lakhpati & Mahasanchay Systematic Deposit Plan
Bank's Codes of Commitments to Customers
 
Service Charges
 
Mahabank Gold Loan Scheme - Loan against Gold Ornaments
 
Top Up Loan for Home Loan Borrowers to meet various needs
 
Interest on domestic term deposits
 
List of branches authorized for opening of PPF Account

List of Specialized Branch
State wise Holiday
Visitor Counter
Stats
IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.