Bank of Maharashtra Home Loan in Indore

Last Updated : May 5, 2018, 11:35 a.m.

About Bank of Maharashtra Home Loan Indore

Indore is one of the most popular cities in Madhya Pradesh and is also one of the 100 Indian cities to be under Smart Cities Mission and an urban development vision to integrate multiple information and communication technology. The population of high earning people is very high which directly increases the demand for home loans in Indore. Bank of Maharashtra is one of the few banks in Indore that provides affordable home loans at one of the lowest interest rates. So, have a look at the home loan details and other related information to apply for a home loan at Bank of Maharashtra and get instant approval.

Bank of Maharashtra Home Loan Indore 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 Indore

Bank of Maharashtra Indore Branches

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