Azadi ka Amrit Mahatsav

Mahabank Personal Loan scheme is to cater to the requirements of meeting personal expenses. We offer fast processing of your loan. Now you need not postpone things on your bucket list! Also, you can transfer your existing high interest Personal Loan to Bank of Maharashtra as well. With a fast approval, turn your dreams into reality!

personal loans

Interest Rate

9.25%P.A

Personal Loan Types

  • 1.

    Maha Bank Personal Loan Scheme For Salaried Customer

  • 2.

    Maha Bank Personal Loan Scheme For Professionals

  • 3.

    Maha Bank Personal Loan Scheme For Business Class

Personal Loan Features and Benefits

  • personal loan interest rate,personal loan interest,personal loan rates
    Low EMI
  • personal loan, personal loan amount
    Higher Loan Amount
  • personal loan, personal loan track
    Track my Loan
  • personal loan simplified disbursement
    Simplified Disbursement
  • personal loan minimal documentation
    Minimal Documentation
  • Processing Fee
    Lowest Processing fee
  • personal loan charges, personal loan no hidden charges
    No Hidden Charges
  • personal loan no prepayment penalty
    No Prepayment Penalty
  • Processing Fee 1.00 % of the loan amount + GST
  • Loan amount is 20 times of Gross Monthly Income, maximum Rs 20.00 Lakhs.
  • Minimum annual Income – 3.00 Lakhs.
  • No Guarantor Required
  • Bank of Maharashtra Offers Lowest Interest Rate on Personal Loan in India

Personal Loan Documents Required

  • 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.

Personal Loan Interest Rates

personal loan rates
bank of maharashtra personal loan interest rate

Personal Loan Interest Rate Starting From

9.25%P.A

Fore more Interest Rates & Charges Click here

To know more Interest Rates & Charges about other Personal Loan Schemes

  • Personal Loan scheme for Salaried customers Click here
  • Personal Loan scheme for Professionals Click here
  • Personal Loan scheme - for Business Class having Home Loan with us Click here

Personal Loan EMI Calculator

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

Frequently Asked Questions (FAQs)

frequently asked questions

A Personal Loan is a loan that can be availed for any personal purpose such as home renovation, wedding, medical emergencies, travelling, debt repayments, bill payments and more. Unlike other loans, Personal Loan does not require any collateral or security and can be easily availed with minimum documentation. Like any other loan, you can repay Personal Loan with EMI (Equated Monthly Instalments); debited from your bank account.

To avail the Personal Loan, all you need to do is submit the loan application form. On meeting the eligibility criteria, you will get an offer with the sanctioned amount, tenure of loan and interest rate. Once you accept the offer, funds are transferred to your bank account instantly.

You can use the Personal Loan EMI Calculator to know your EMI amount before applying for the Loan.

Funds from Personal Loan can be used to cater to requirements of meeting personal expenses.

You can repay your Personal Loan via an auto-debit instruction through your Bank account on a stipulated date every month to repay your EMI.

  • Maha Bank Personal Loan scheme for Salaried customers
    • For Category A

      a) Salary Account with Bank of Maharashtra - 84 months
      b) Salary Account with Other Bank - 60 months

    • For Category B & C

      60 months

  • Maha Bank Personal Loan scheme for Professionals

    60 months

  • Bank Personal Loan scheme - for Business Class having Home Loan with us

    84 months

Yes, You can apply for Personal loan through Bank of Maharashtra's "MahaMobile APP". Download the MahaMobile app from following links:

Personal Loan How to Apply

personal loan apply Scan this Code
to Apply Personal Loan 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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