Bank Of Maharashtra Lucknow

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About  Bank Of Maharashtra

Bank of Maharashtra is one of the leading banks of India which has been operating since 1936. The bank has a long history as it was created to give the financial aid to the people of Maharashtra and promote the trade and commerce in the state. The bank dates back to the pre- independence era and since then it has evolved with the time. It has spread its network in the entire country and is one of the leading banks in India. The bank has opened its branches in the city of Lucknow and made the contribution by providing the financial security to the small business and the people in general equally.

The main aim of the bank is to move forward and be a game changer in the international arena. The vision of the company is to grow rapidly with the help of continuous use of the technology. The bank wants to reach every nook and corner of the world and serve all strata of the society. The need for the banking solution at the rural areas are important and it is trying to reach the last person in order to make them financially secure. The mission to reach the people everywhere can be achieved by building a vibrant, professional and proactive workforce. It wants to work by keeping the integrity and values of its employee and shareholder intact and enhance the money of the investors and shareholders.

Address of Bank Of Maharashtra Branches in Lucknow

Branch Name AddressIFSC Code MICR Contact Details
Lucknow Main21, Vidhan Sabha Marg, Lucknow 226001MAHB00004312260140020522-2637487
Gomtinagar, Lucknow2/10, Vineet Khand, Gomtinagar, LucknowMAHB00012372260140031800-102-2636
Aliganj, LucknowB - 22, Sector - 12, Aliganj, Lucknow - 226024 U.P.MAHB00012492260140040522-2364416
Aminabad, Lucknow1st Floor, Shobhit Commercial Complex, Aminabad Lucknow 226018MAHB00012782260140060522-2616203
Chowk Lucknow46, Hasan Enclave, Tulsidas Marg, Chowk, Lucknow - 226021MAHB00012792260140050522-2242383
Vikas Nagar, LucknowPlot No. 12, Sector - 9, Vikas Nagar, LucknowMAHB00012812260140070120-3245203

Products Offered by the Bank in Lucknow

Are you in need the best financial products in Lucknow? Lucknow being the city of Nawab has a wide variety of food that is available for them. Similarly, Bank of Maharashtra has the wide range of products that can accomplish the needs and requirements of the people of the city. The bank has the different type of loan products like home loan, gold loan, personal loan, car loan, vehicle loan etc to meet the expenses of emergency or requirements as per your need. It also offers the fixed deposit for the customer and gives chance to multiply the money. So, in order to avail the best banking services and products, Bank of Maharashtra is the best option available.

Basic details about the Bank of Maharashtra products

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
Personal loanThe applicant should be at least 21 years of age at the time of application and the maximum age should be at least 60 years at the time of loan maturity.
The minimum net annual income of the applicant should be ₹ 3,00,000 per annum.
The minimum work experience should at least be 2 years. The applicant should have the minimum of 1year work experience with the current organization.
1 year relationship with the bank.
₹1.50 lakh12.70%1% of the loan amount + service tax (as applicable)36 months
Home loanThe 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 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.
No maximum limit for metro cities
not more than ₹15,00,000 for rural areas.
Not more than ₹25,00,000 for semi- urban area.

8.70% - 10.25%

Nil30 years
Education loanThe student should be the resident of India.
Should have secured the admission through entrance exam/ merit based selection.
The student should have the guarantor/ collateral.
For India:₹ 10 lakh
For abroad: ₹ 20 lakh
9.20% - 10.95%NilMoratorium: course period + 1 year 0r 6 months after getting the job.
Up to 10 years after moratorium for amount under ₹7.5 lakh and up to 15 years after moratorium for more than ₹ 7.5 lakh.
Car loanThe applicant should be at least 18 years of age at the time of application and the maximum age should be at least 60 years at the time of loan maturity.
The minimum net annual income of the applicant should be ₹ 3,00,000 per annum.
The applicant should be a government employee or defence personnel.
36 times of the net monthly salary.8.70%Nil84 months
Vehicle loanThe applicant should be at least 18 years of age at the time of application and the maximum age should be at least 60 years at the time of loan maturity.
The minimum net annual income of the applicant should be ₹ 3,00,000 per annum.
The applicant should be 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.
Up to 20 times of the net salary amount for the salaried individual.
Up to 2 times of the total annual income for the self- employed.
9.70%0.25% of the loan amount ( minimum ₹ 500)60 months
Fixed depositBelow mentioned individual or group are eligible for a fixed deposit
The applicant should be the resident of India.
Hindu undivided family
Sole proprietorship firms
Partnership firm
limited companies
trust accounts.
Bank decide from time to time on maturity pattern.Nil7 days to 10 years

Documents Required

The documents required for different products in Bank of Maharashtra Lucknow are mentioned below: 

ParticularsDetails
Interest Rate12.70%
Loan AmountUp to ₹1.5 lakhs
tenureup to 36 months
Processing Fee1% of the loan amount
Prepayment ChargesAs per bank's norms

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