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
Individual salaried employees/ self-employed professionals/Businessman / Agriculturist /Companies and Corporate entities.
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.
Bank of Maharashtra offers flexible tenures on their Car Loan products. The maximum tenure is 84 months.
Car Loan is usually give upto 36 times of net monthly salary and 90% of the cost of car value depending on the repaying capacity such that the overall deuctions does not exceed 65% of Gross Income (including proposed EMI).
For example: A person having gross monthly salary of Rs. 40000 and deduction of Rs. 5000 making his net monthly salary of Rs. 35000 is eligible for car loan of Rs. 1260000
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.
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: