Bank of Maharashtra Home Loan in Pune

About Bank of Maharashtra Home Loan Pune

Bank of Maharashtra is one of the top banks in Pune that provides 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. The interest rate offered by the bank is currently one of the lowest interest rates on home loans.

RERA Act has been implemented in 14 states including Pune after which there will be transparency in the home loan deals. So, if you also want a home loan with the low EMI option and easy documentation, apply now at Bank of Maharashtra at your nearest Pune branch.

Bank of Maharashtra Home Loan Pune 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 Pune

Bank of Maharashtra Pune Branches

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

Branch NameAddressIFSC CodeMICR Contact Details   
Bajirao RoadJanmangal, 1177, Budhwar Peth Pune 411002MAHB0000001411014010020-24475520
Deccan Gymkhana, Pune1257, Deccan Gymkhana, Pawar Bldg, Pune 411004MAHB0000003411014014020-25531290/ 25532930
Khadki, PuneDeepashri, 157 Old Bazar, Khadki, Pune 411003MAHB0000007411014024020-25816029
Bhavani Peth, PuneSaikripa 122 Gul Ali Sanas Building Bhawani Peth Pune 411042MAHB0000028411014002020-26354588
Somwar Peth, Pune444, Somwar Peth, Agarkar High School Premises.MAHB00000404110140511800-102-2636
Tilak Road, PuneS P College Ground, Tilak Road, Pune 411030MAHB0000041411014055020-24336590/ 24336635
Shivajinagar, PunePashankar Building, Shivaji nagar, Pune - 411005MAHB0000041411014055020-24336590/ 24336635
Pune University132/B Plot No2, University Road, Pune 411007MAHB00000494110140571800-233-4526

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Home Loan Interest Rates October 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.60%
Bank of Baroda8.55% - 9.55%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank8.85% - 9.10%
Axis Bank8.80% - 9.05%
Citibank8.90% - 9.65%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
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