Bank of Maharashtra Home Loan in Mumbai

About Bank of Maharashtra Home Loan Mumbai

Bank of Maharashtra has three special housing loan scheme named Maha Super housing loan schemes wherein you can get a home loan for repairs/renovation/alteration of existing house/flat for new standalone borrowers, the purchase of plot & construction, and for construction/acquiring of new or existing house/flat and extension of existing house/flat. The interest rate offered by the bank is floating and is also one of the lowest interest rates on home loans in India. As a result of which, you get to pay low EMI on your home loan. So, to apply now, check eligibility criteria, documentation needed to apply for this loan.

It is also important to note that RERA Act has been recently implemented which will now bring transparency in the home loan deals and is applicable in Mumbai also. So be ready to experience a smooth home loan journey at Bank of Maharashtra.

Bank of Maharashtra Home Loan Mumbai 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 Checklist

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 Mumbai

Bank of Maharashtra Mumbai Branches

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

Branch NameAddressIFSC CodeMICR Contact Details
Fort MumbaiJanmangal, 45/47, Mumbai Samachar Marg, Fort, Mumbai. 400023MAHB000000240001400222663947
Girgaum, Mumbai215 Bhatavadekar Bldg Rajaram Mohan Roy Road Girgaum Mumbai 400004MAHB0000006400014003022-23821594
Ranade Road, Dadar, MumbaiPopatlal Niwas, Ranade Road, Dadar West, Mumbai 400028MAHB0000016400014004022-24222885
Zaveri Bazar, Mumbai1st Floor Guru Ashish Ganeshwadi Corner Zaveri Bazar Mumbai 400002MAHB0000026400014005022-22432408
Sion Branch153, Sunrays Building, Sion, Mumbai 400022MAHB000003940001403324071753/ 24077951
Gokhale Road, Dadar, MumbaiGokhale Road Near Portugese Church Dadar West Mumbai 400028MAHB0000042400014006022-24226106
Mumbai CentralMaratha Mandir Bldg, Club Road, Mumbai Central, Mumbai 400008MAHB0000048400014008022-23070361
Worli, MumbaiReady Money Terrace, Dr Annie Beasant Road, Worli Mumbai 400018MAHB00000504000140091800-102-2636
Vile Parle East, MumbaiKrishna Villa, Mongi Bai Road, Vile Parle (EAST), Mumbai - 400057.MAHB000005340001403426141124/ 26150798
S P Road, Dadar, Mumbai4 Riddhi Apartment 10th Lane Khetwadi Girgaon Mumbai 400004MAHB00000674000140101800-102-2636
KhopoliMumbai Pune Rd Khopoli Dist RaigadMAHB000007440001412627843106
Parel , Mumbai64 Vikas Apartment Dr Ambedkar Road Parel East Mumbai 400012MAHB0000079400014011022-2413200
Pimpri31/6, Janmangal Mumbai Pune Road Pune 411018MAHB000008041101406227475386 27475769
Goregaon West, MumbaiA.B.Goregaonkar High School, Dalvi Sabhagriha, Aarey Road, Goregaon (WEST), Mumbai - 400062MAHB000008240001403528721773/28720273
Chembur, Mumbai70 - E, Mahabank Building, Dayanand Saraswati Road, Chembur, Mumbai - 400071MAHB0000089400014036022-25284296/ 022-25282828

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