Bank of Maharashtra Home Loan in Hyderabad

Last Updated : April 29, 2017, 7:56 p.m.

About Bank of Maharashtra Home Loan in Hyderabad

Hyderabad is the only city that has shown a less-than-robust trend in terms of new residential launches over the past few years. In this scenario, the demand for home loans has increased rapidly and in order to fulfill the desires of people, Bank of Maharashtra has won the hearts of many. The home loan scheme offered by the bank gives you the combination of one of the lowest interest rates along with the higher loan amount facility. Below is the home loan interest rate, eligibility criteria, and documents checklist that you must match to get instant approval for your loan.

Bank of Maharashtra Home Loan Hyderabad at a Glance

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 Hyderabad

Bank of Maharashtra Hyderabad Branches

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