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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 of directors/promoters (i.e. not for hiring/ferrying passengers) of Companies and Corporate entities.

bank of maharashtra vehicle loan interest rate

Interest Rate

9.80%P.A

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% 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

lowest car loan interest rates
vehicle loan rates

Corporate Vehicle Loan Interest Rate

9.80%P.A

Fore more Interest Rates & Charges Click here



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

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

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 (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

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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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