Bank Of Maharashtra Patna

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About  Bank Of Maharashtra

Bank of Maharashtra is rising to great heights by providing one of the best banking experience to the people since 1936. The bank was set up in Pune to cater the financial requirements of the people of Maharashtra. They want to every level of the society to make the bank accessible in the remote areas as well. The bank aspires to continue the usages of the latest technology and make a mark in the world. The bank is famous within the country and is aiming to create a trusted name for itself globally. The motivation of the shareholder and employees has given it the strength to move forward and sustain the trust and value.

Patna, the capital city of Bihar has recently captured the eye of many investors due to its rapid and constant growth. Bank of Maharashtra has spread its branches in the city and helped the small and large business with the monetary backup. They have contributed by providing the financial assistance to the people of the city and the companies alike.


Address of Bank Of Maharashtra Branches in Patna

Branch Name AddressIFSC Code MICR Contact Details
PatnaRajgarhia Center, Exhibition Road, Patna-800001MAHB00007018000140011800-233-4526
Rajabazar PatnaKalyan Bhawan, First Floor, Khajpura, Bailey Road, Patna - 800014MAHB00012698000140041800-233-4526
Boring RoadSavitri Complex, 1st Floor, Boring Road, Patna - 800001MAHB00012708000140031800-233-4526

Products Offered by the Bank in Patna

If you are in need of funds for the emergency or to build a home for yourself. Worry no more as Bank of Maharashtra has the best banking products which will give you the financial solutions to all your problems. They offer a vast range of products and services. There are several loan products like the home loan, personal loan, car loan, gold loan, etc that is helpful to the people as it provides the solution at the time of need. You can also invest your money in the fixed deposit to earn good interest rate over your money and increase your wealth.

Basic details about 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 lakh11.65% - 12.65%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.
8.65% - 8.75%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.8.90% - 9.40%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 by the Bank of Maharashtra Patna for the different products are mentioned in the table below:

ParticularsDetails
Interest Rate11.65% - 12.65%
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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