Bank of Maharashtra offers personal loans starting at 10.85% p.a. for loan amounts up to Rs 20 lakh and terms up to 7 years.
It provides a Salary Gain Scheme, as well as a personal loan overdraft option, to employees of the Central or State Government, PSUs, and reputable corporations. All confirmed BPCL employees are also eligible for a Bank of Maharashtra Personal Loan.
Particulars |
Details |
Bank of Maharashtra personal loan interest rate |
9.45% p.a. |
Processing Fee |
1% |
Tenure |
36 Months |
Maximum Amount |
Rs. 20 lakhs |
Following are the types of Bank of Maharashtra Personal Loan Schemes-
Following are the Bank of Maharashtra Personal Loan Interest Rate 2024-
CIBIL |
Interest Rate |
750 and more |
10.85% |
700-749 |
11.70% |
650-699 |
12.70% |
600-649 |
14.20% |
-1 or 0 and 01-05 |
13.20% |
Salary Gain |
11.35% |
Personal Loan for BPCL Employees |
9.85% |
Maha Adhaar Loan Scheme |
9.90% - 9.40% |
Banks/NBFCs |
Interest Rates (p.a.) |
SBI |
10.30%-15.10% |
HDFC Bank |
11.00% onwards |
ICICI Bank |
10.75% onwards |
Kotak Mahindra Bank |
10.99% onwards |
Axis Bank |
10.25% onwards |
The following are the most typical documents required to obtain a Bank of Maharashtra Personal Loan-