Bank of Maharashtra Home Loan New Delhi - IFSC, Rates March 2024, Eligibility, EMI

Bank of Maharashtra Home Loan in New Delhi

About Bank of Maharashtra Home Loan New Delhi

Bank of Maharashtra gives home loans 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. Recently, RERA Act has been implemented and is also applicable in New Delhi after which there will be transparency in the home loan deals and hence borrowers can expect smooth home loan journey at Bank of Maharashtra.

The home loan interest rate at Bank of Maharashtra is floating and one of the lowest interest rates in its category hence you get to pay low EMI. Also, there is easy documentation involved in the process. So, to apply now, check eligibility criteria, documentation needed to apply for this loan in New Delhi.

Bank of Maharashtra Home Loan New Delhi at a Glance

Interest Rate8.60% - 10.80%
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 New Delhi

Bank of Maharashtra New Delhi Branches

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

Branch NameAddressIFSC CodeMICR Contact Details
Karol Bagh, New Delhi5/36, W.E.A Ajmal Khan Road, Karol Bagh , New DelhiMAHB0000140110014002011-25763621
Connaught PlaceMaharashtra Bank Bldg. B - 29, Connaught Place New Delhi 110001MAHB000034311001400323321444
Chandni Chowk, Delhi1899, Chandni Chowk Delhi-110006MAHB00003511100140041800-233-4526
South Extension, New DelhiA-13, Ring Road, South Extension Part-I, New Delhi - 110049MAHB00003921100140071800-233-4526
Asaf Ali Road, New DelhiHoechst House, 3/1 Asaf Ali Road New Delhi 110002MAHB0000422110014005011-23280275
East Patel Nagar, New Delhi828/6, East Patel Nagar, New Delhi 110005MAHB0000561110014006011-25816859
Vivek Vihar, New DelhiC-2 Vivek Vihar, Delhi - 110095MAHB00005871100140081800-233-4526
Press Enclave, New DelhiE - 11 & 12 Near To Press Enclave Saket Malviya Nagar Extension Area, Delhi - 110017MAHB00005931100140091800-233-4526
Greater Kailash, New DelhiM-16, Greater Kailash Part -II, New Delhi -110048MAHB00007941100140101800-233-4526
Dr. Mukherjee Nagar, New DelhiB - 9, 10 Main Road, Commercial Complex, Dr. Mukherjee Nagar, New Delhi - 110009MAHB0000901110014012011-23321444
Preet Vihar, New DelhiF-12 Dashmesh Niwas, Vikas Marg, Preet Vihar, New Delhi - 110092MAHB00009051100140111800-233-4526
Kalkaji, New DelhiRaj Tower, 1st Floor, Alaknanda Shopping Complex, Kalkaji, New Delhi - 110019MAHB00009741100140151800-233-4526
Service Branch New Delhi6/44 1st Floor Wea Ajmal Khan Road Karol Bagh New DelhiMAHB000109111001400128755472 / 28754024
UPSC, New DelhiUPSC, Shahjahan Road, New Delhi 110069MAHB0001160110014013011-23073797

  • Home Loan Interest Rates March 2024
    Axis Bank8.75% - 9.15%
    Bank of Baroda8.50% - 10.60%
    Citibank8.75% - 9.15%
    HDFC8.50% - 9.40%
    ICICI Bank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.65%
    Kotak Bank8.70%
    LIC Housing8.50% - 10.50%
    Piramal Capital & Housing Finance10.50%
    PNB Housing Finance8.50% - 10.95%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI9.10% - 9.65%
    Tata Capital8.95% - 12.00%