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Mahabank Corporate Vehicle Loan - Meaning or Definition

Purchase of New four Wheeler i.e. Car, Jeep, Multi Utility Vehicles (MUVs), SUV etc. for personal use. (i.e. not for hiring/ferrying passengers) for individuals (18 years and above)/ Companies and Corporate entities

bank of maharashtra vehicle loan interest rate

Interest Rate


Corporate Vehicle Loan Features & Benefits

  • vehicle loan interest rate
    Low EMI
  • best car loans, car finance
    Higher Loan Amount
  • track my vehicle loan
    Track my Loan
  • vehicle loan agreement
    Approved Car Dealers
  • simplified disbursement for car loan or vehicle loan
    Simplified Disbursement
  • No processing fee for vehicle loan or car loan
    Zero Processing Fee
  • no hidden charges for car loan
    No Hidden Charges
  • no prepayment penalty for vehicle loan
    No Prepayment Penalty
  • 0.25 % Concession in ROI for Corporate salary account Holder and Existing Housing Loan borrower
  • Maximum Funding 90%
  • Interest charged on daily reducing Balance
  • No Pre-Payment / Pre-closure / Part payment Charges
  • Quick turnaround time

Corporate Vehicle Loan Documents Required

  • Two Passport Size Photographs.
  • Proof of Identification: (any one)
    • Election ID Card
    • Pan Card
    • Aadhar Card
    • Driving License
    • Photo Identity card issued by the current Employer
    • Passport
  • Proof of Residence : (any one)
    • Electricity Bill
    • Election ID Card
    • Telephone Bill (Landline)
    • Aadhar Card
    • Driving License
    • Photo Identity card issued by the current Employer
    • Passport
  • For Salaried Persons
    • Original/Certified copy of the latest salary slips for the past 3 months
    • Copies of IT returns of last 2 years duly acknowledged by IT Dept/IT assessment orders or Form 16 for last 2 years from the Employer.
    • Undertaking from employer for remittance of monthly installment, wherever feasible.
    • Bank Account (Salaried Account) statement for the last 6 months (in case of other Bank)
  • For Non-Salaried Class /Businessman /Professional
    • Latest 3 years of IT returns (2 years in case of Professionals) including computation of income, profit and Loss Account, Balance sheet, Audit Report etc.
    • Shop Establishment Act
    • Tax Registration Copy
    • Company Registration License
    • Bank statement for past one year
  • Other documents as applicable as per scheme of loan

Corporate Vehicle Loan Interest Rates

lowest car loan interest rates
vehicle loan rates

Corporate Vehicle Loan Interest Rate


Fore more Interest Rates & Charges Click here

Corporate Vehicle Loan EMI Calculator

Principal Loan Amount *:
Interest Rate ( % p.a ) *:
Loan Term (Years) * :

Corporate Vehicle Loan Eligibility

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)

frequently asked questions

Maha Corporate Vehicle Loan is for purchase of new four-wheeler i.e.Car, Jeep , Multi Utility vehicles (MUV)

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

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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:

How to Apply for Digital Loans Online

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