Nowadays, anyone may successfully realise their aspirations by selecting the loan option with appealing interest rates and quick approvals. Maha Bank offers the ideal response to the problem of satisfying financial requirements and aspirations beyond capability. Applying for a loan from Maha Bank is simple and may be done while at home.
Maha Bank Home Loan Information
Construction/acquiring of new or existing house/flat and extension of existing house/flat.
Purchase of plot and construction there on.
For Repairs /renovation/alteration of existing house/flat for new standalone borrowers.
A Bank of Maharashtra home loan provides numerous benefits such as facility to apply online, quick loan processing, attractive interest rates, customized repayment options and simple & hassle-free documentation.
Low EMI
Higher Loan Amount
Track my Loan
Approved Projects
Simplified Disbursement
Zero Processing Fee
No Hidden Charges
No Prepayment Penalty
0.05% concession to women and defence personal.
Maximum Tenure up to 30 Years / up to 75 years of age.
No Pre-Payment / Pre-closure / Part payment Charges.
Concession in ROI for Housing Loan borrower in Car Loan & Education Loan.
Bank of Maharashtra Offers Lowest Interest Rate on Home Loan in India
Maha Super Housing Loan Scheme : for Construction/Acquiring of new or existing house/flat and extension of existing house/flat
Purpose: For construction/ acquiring new or existing house/ flat not older than 30 years.
For Purchase of residential flat under construction /ready directly from the builders/ developers/society/other agencies/Development authority.
For extension (additional construction) in the existing house/flat
Takeover of existing Housing Loan accounts of the applicants under standard category availed from other Banks / Housing Financial Institutions
Eligibility: Individual salaried employees/ self-employed professionals/Businessman / Agriculturist
Eligible Quantum of Loan: Maximum loan amount will be lowest of loan amount assessed on the basis of
Permissible Deduction norms
Maximum permissible LTV ratio
Loan amount requested.
Moratorium Period: Maximum 36 months. However interest may be capitalized for a maximum period of 18 months thereafter Interest to be serviced as and when applied
Waiver of 3 EMIs:
1) First EMI waiver on completion of 5 years,
2) Second EMI waiver on completion of 10 years ,
3) Third EMI waiver at the time of completion of loan tenure, where loan tenure is 15 years and above.
Other Guidelines :
a. Repayment track record should be satisfactory, in every stage of waiver i.e., the account should be standard without any overdue at any point of time during full tenure of loan.
b. The minimum loan tenure should be 15 years.
Maha Super Housing Loan Scheme : for Construction/Acquiring of new or existing house/flat and extension of existing house/flat
Purpose: For construction/ acquiring new or existing house/ flat not older than 30 years.
For Purchase of residential flat under construction /ready directly from the builders/ developers/society/other agencies/Development authority.
For extension (additional construction) in the existing house/flat
Takeover of existing Housing Loan accounts of the applicants under standard category availed from other Banks / Housing Financial Institutions
Eligibility:
Individual salaried employees/ self-employed professionals/Businessman / Agriculturist
Eligible Quantum of Loan:
Maximum loan amount will be lowest of loan amount assessed on the basis of
Permissible Deduction norms
Maximum permissible LTV ratio
Loan amount requested.
Waiver of 3 EMIs: 1) First EMI waiver on completion of 5 years,
2) Second EMI waiver on completion of 10 years ,
3) Third EMI waiver at the time of completion of loan tenure, where loan tenure is 15 years and above.
Other Guidelines :
a. Repayment track record should be satisfactory, in every stage of waiver i.e., the account should be standard without any overdue at any point of time during full tenure of loan.
b. The minimum loan tenure should be 15 years.
Maha Bank Personal Loan Information
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 Loan Features and Benefits
Low EMI
Higher Loan Amount
Track my Loan
Simplified Disbursement
Minimal Documentation
Lowest Processing fee
No Hidden Charges
No Prepayment Penalty
Maha Bank Car Loan Information
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
Car Loan Features and Benefits
Low EMI
Higher Loan Amount
Track my Loan
Approved Car Dealers
Simplified Disbursement
Zero Processing Fee
No Hidden Charges
No Prepayment Penalty
If you’re looking to start a new bank account you may want to begin with a Savings Account. The reason for doing this is that many banks offer an interest rate on the amount you save inside of your bank account which varies greatly based off of what your goals are while also working alongside a deposit-raising program. In order to get started opening up an account, applying online is the simplest way to do so and takes only a short period of time as well.
Features and benefits of savings account
Tele Banking
SMS Banking
Mobile Banking
Internet Banking
Credit Card
Deposit Insurance
Fund Transfer
Bill Payment
To cater to the requirements of meeting personal expenditure of varied needs like marriage, higher education, medical emergencies, business travel etc.
Purpose of loan will have to be specified along with an undertaking that loan will not be used for any speculative purposes.
Features and benefits of Gold Loan
Low EMI
Higher Loan Amount
Track my Loan
No Processing Fee upto 3 Lakhs
Education Loan Scheme
Special Features Added:
No Margin Money. Up to 100% financing (for Premier institutions)NO collateral security (for Premier institutions).ROI concession to Girl student.Instant In-principle sanction before registration in Institutions.Longer repayment period upto 15 years (Excluding Moratorium) to reduce the EMI burden.Loan will cover tuition fees, hostel fees, cost of books etc.
Special Education Loan schemes:-
Model Education Loan SchemeMaha Scholar Education Loan SchemeMaha Bank Skill Loan SchemeInterest subsidies scheme for Education Loans