Purchase of New four Wheeler i.e. Car, Jeep, Multi Utility Vehicles (MUVs), SUV etc. for personal use of directors/promoters (i.e. not for hiring/ferrying passengers) of Companies and Corporate entities.
ROI Discount:
0.25% discount in applicable interest rate will be given to Existing MSME & Corporate borrowers having minimum standing of 1 year relationship with our Bank.
Individual salaried employees/ self-employed professionals/Businessman / Agriculturist /Companies and Corporate entities.
Maha Corporate Vehicle Loan is for purchase of new four-wheeler i.e. Car, Jeep, Multi Utility vehicles (MUVs), SUV etc.
A critical factor in getting a loan approved fast is determining how much EMI you are comfortable paying. Use our Corporate Vehicle Loan EMI calculator to estimate how much you will need to set aside. These will enable you to plan and prepare for the Car Loan application process.
To make sure your Corporate Vehicle Loan is approved faster; the key is to provide all the necessary documents and complete your Know your Customer (KYC) formalities.
You can use the EMI Calculator to know your EMI amount before applying for the Loan.
Bank of Maharashtra offers flexible tenures on their Corporate Vehicle Loan products. The maximum tenure is 84 months.
Vehicle loan agreement is an agreement containing important clauses executed between lender and borrower/coborrower/guarantor for grant of loan for purchase of a vehicle.
Follow the step by step instructions to avail digital loan facility from our bank.
Please click on the following link to view how to apply for Digital Loan Online: