Maha Super Car Loan Scheme
S. No. Parameter Details
1 Purpose Purchase of New four Wheeler i.e. Car, Jeep, Multi Utility Vehicles (MUVs), SUVs etc. for personal use. (i.e. not for hiring/ferrying passengers) for individuals (18 years and above)/Companies and Corporate entities.
2 Age Limit For individuals (18 years and above ) Maximum age at Maturity of loan should not exceed 70 years
3 Eligible Entities
  1. Permanent salaried employees of Central / State government / Corporate Salary Account Holders / Employees of PSU & Companies of repute with minimum 1 year of confirmed service in the current organization.
  2. Businessman/Self-Employed Persons / Independent Entrepreneurs who have regular source of income based on 2 years IT Returns.
  3. Farmers having minimum 5 acres of land holding engaged in production oriented agricultural activities and in other allied activities minimum land holding of 5 Acres and sufficient disposable income
  4. Pensioners of Central/State Government/PSU having minimum pension of Rs.25000/- per month.
  5. Corporate Clients (Partnership/Proprietorship Firms/ Companies): 2 year IT Return/Income proofs based on audited balance sheet, P&L A/c.
The above provisions are applicable only for existing customers with 1 years standing Others to be considered on perusal of 3 years IT Returns / Income proofs.
4 Min. Annual Income
    1. For Salaried/Pensioners: Rs. 3.00 lakhs (last year income) - Minimum past 2 year ITR/Form 16 from the Employer is Mandatory.
    2. For Businessmen/Professionals: Rs. 4.00 lakhs (last year income)- Minimum past 2 year ITR with supporting documents are mandatory.
    3. For Persons engaged in Agriculture & Allied activities having ascertainable Minimum income of Rs.4.00 lakhs.
    4. For Corporate Clients (Firms/Companies): Rs. 4.00 Lakhs (Last year income)- Minimum past 2 year ITR with supporting documents are mandatory.
5 Quantum of Finance 1-For Salaried/Pensioners Persons : - Upto 36 times of Net Monthly Salary/Pension on the basis of Last Salary/Pension Drawn, subject to ‘Deduction Norms’
2-For Other Individuals : Up to 2 times Average annual income based on 2 years ITRs or Gross Taxable income as per latest ITR(whichever is lower), subject to ‘Deduction Norms’ (Total income would mean Cash Accruals).
Maximum Loan amount :No Upper Limit (For applicant falling under above 1 & 2 Category)
3-For Corporate Clients (Firms/Companies) : Max. Rs. 100.00 Lakhs or Up to 3 times of Average annual income based on 2 years ITRs or Gross Taxable income as per latest ITR.
6 Margin For Existing / New Housing Loan Borrowers And Corporate Salary Account holders – Min. 10% of Cost of Vehicle + RTO charges For Others -- Min. 15% cost of vehicle + RTO charges For Corporate Clients (Firms/Companies)- Minimum 20% of Cost of Vehicle + RTO charges
7 Security Hypothecation of vehicle purchased. Our Hypothecation charge should be registered with Regional Transport Office Authorities.
8 Rate of Interest Click here to view the Interest Rate
1-0.25% discount in applicable interest rate will be given to Existing Housing Loan / MSME & Corporate borrowers /Corporate Acount holders/ Professional & Self Employed Borrowers, having minimum standing of 1 years relationship with our Bank. 2-In case of housing loan borrowers whose account remained continuously in standard category for five years and above, rate of interest will be at discount of 0.50%.
9 Repayment Maximum 84 Months.
10 Deduction Not to Exceed 60% of the Gross Income including Proposed EMI
Not to exceed 65% of the Gross Income including Proposed EMI in case of Existing Housing Loan borrowers under Standard category for 2 years
11 Processing Charges As applicable
Checklist for Vehicle Loan Scheme
“Direct Selling Agent” for Housing Loan
Udyami Mitra
Attention NRI Customers
Integrety Pledge by CVC

User Manual - UPI
Is your Bank Account KYC compliant?
Locate Branch/ATM
Bank's Willful Defaulters
Revised Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 07.02.2018

Press Release For the Quarter and Nine months ended 31st December 2017

Rupay Debit Card Offers

Amendment to service charges of notification dated 01-02-2016, w.e.f. 01-08-2017

SMS Charges w.e.f. 01/07/2017

FAQs International Debit Card

A Little extra care makes your online transactions more secure

Account Portability : Transfer of account from one branch to another branch in the Bank

Bank's Codes of Commitments to Customers

List of branches authorized for opening of PPF Account

RBI Monetary Museum - Reserve Bank of India

General Information about the Museum
List of Specialized Branch
State wise Holiday
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.