Azadi ka Amrit Mahatsav

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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

House

Interest Rate

6.80%P.A

Features & Benefits

  • Interest
    Low EMI
  • Loan Amount
    Higher Loan Amount
  • Track my loan
    Track my Loan
  • Projects
    Approved Car Dealers
  • Simplified Disbursement
    Simplified Disbursement
  • Processing Fee
    No Processing Fee
  • Hidden Charges
    No Hidden Charges
  • Prepayment Penalty
    No Prepayment Penalty
  • Processing Fee waived up to 31 March 2022 under Festive offer
  • 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

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

Interest Rates

Interest Rate
Home

Housing Loan Interest Rate

6.80%P.A

Fore more Interest Rates & Charges Click here

EMI Calculator

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

Check Eligibility

Eligibility

How will Bank of Maharashtra decide the car loan amount i am eligible for?

Individual salaried employees/ self-employed professionals/Businessman / Agriculturist  /Companies and Corporate entities.


Frequently Asked Questions (FAQs)

Faqs

Maha Super Car 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 Car 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 Car 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 Car Loan products. The maximum tenure is 84 months. 

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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