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Features & Benefits
Documents Required
Interest Rates
EMI Calculator
Check Eligibility
FAQs
How to ApplyCorporate Vehicle Loan Features & Benefits
Low EMI
Higher Loan Amount
Track my Loan
Approved Car Dealers
Simplified Disbursement
Zero Processing Fee
No Hidden Charges
No Prepayment Penalty
- 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.
- For Corporate Clients (Firms/Companies)- Maximum 80% of cost of Vehicle (i.e. Ex show room price + RTO charges + insurance charges).
- Interest charged on daily reducing Balance
- No Pre-Payment / Pre-closure / Part payment Charges
- Quick turnaround time
Corporate Vehicle Loan Documents Required
- For Directors/Promoters
- 2 Passport Photograph
- Photo Identity Proof
- Residence Address Proof
- For Companies/Firms
- Latest 3 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.
- Shop Establishment Act.
- Any Tax Registration Copy.
- Company Registration license.
- Bank Statement: Latest 1 year bank statement for both current and savings.
- Vehicle details
- Quotation
- Advance Payment Receipt
Corporate Vehicle Loan Interest Rates
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.
Corporate Vehicle Loan EMI Calculator
Corporate Vehicle Loan Eligibility
How will Bank of Maharashtra decide the corporate vehicle loan amount i am eligible for?
Individual salaried employees/ self-employed professionals/Businessman / Agriculturist /Companies and Corporate entities.
Frequently Asked Questions (FAQs)
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.
Corporate Vehicle Loan How to Apply
Scan this Code to see How to Apply for Digital Loans Online
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:
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