Bank of Maharashtra Home Loan in Chandigarh

About Bank of Maharashtra Home Loan in Chandigarh

Chandigarh is not only popular for its beauty and Rock Garden but also for the cleanliness. Having said that, many people want to have a home of their own in Chandigarh. Bank of Maharashtra has won the hearts of many people when it comes to providing affordable home loans in Chandigarh.

Bank of Maharashtra Home Loan Chandigarh at a Glance

ParticularsDetails
Interest Rate8.75% - 8.85%
Loan AmountUpto ₹25lakh
TenureUp to 30 years

Eligibility Criteria

The eligibility criteria to apply for a home loan at Bank of Maharashtra is as follows:

  • The applicant should be at least 21 years of age at the time of application and the maximum age should be at least 60 years and 65 years for self- employed/ professional.
  • The age limit at the time of loan maturity should be 75 years.
  • The applicant should be a salaried individual, self- employed and farmers holding at least 5 acres of land.
  • The minimum work experience should at least be 2 years.
  • The applicant should have the minimum of 1year work experience with the current organization and self- employed should have a regular source of income with latest ITR.

Documents Required

The documentation needed to apply for a personal loan at Bank of Maharashtra is:

Documents of the applicant and guarantor-

  • ID Proof – Passport/ Voter ID/ PAN Card.
  • Age Proof– Birth certificate/ passport
  • Residence Proof– Passport/ Utility bill/ Allotment letter.
  • Income Proof –Latest Salary slip/ ITR/ form- 16
  • Signature Verification Proof- Passport/ PAN Card.
  • Bank statement – Last 3 months bank statement/ last 6 months bank passbook.
  • Detailed information about the other loan if you are currently paying along with lenders information and security mortgage.

Property Documents-

  • Agreement sale copy.
  • Certificate of possession.
  • Land tax receipt.
  • Detailed cost of construction.
  • Letter of allotment
  • Original NOC

For more information, read Home Loan Chandigarh

Bank of Maharashtra Chandigarh Branches

The complete address, IFSC Code, MICR Code and customer care details of Bank of Maharashtra branches located in Chandigarh are mentioned in the table below:

Branch NameAddressIFSC CodeMICRCustomer Care
45 - C ChandigarhSco 121 - 122 Sector 45c , Chandigarh - 160047MAHB00012961600140040172-2225091
Chandigarh Sector - 38dSco - 307, Sector - 38d Chandigarh - 160038MAHB00013591600140050172-2690026
Sector 47 - C ChandigarhSco 115, Sector 47c , Chandigarh - 160047MAHB00014371600140070172-5034186
Sector 17
Chandigarh
Sco 88 - 89, Sector 17, ChandigarhMAHB00003841600140010172-2702253

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Home Loan Interest Rates August 2018
State Bank of India/SBI8.45% - 9.00%
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