Bank of Maharashtra Personal Loan in Bengaluru

Last Updated : Feb. 27, 2020, 12:32 p.m.

About Bank of Maharashtra Personal Loan in Bengaluru

Bengaluru, also known as Bangalore, is the technology hub of India. This city is a unique mix of the old and the new with architectural marvels dating back to the 18th century to the 21st century hi-tech buildings and companies. Having said so, it wouldn’t be wrong to say that Bank of Maharashtra has a loyal clientele in Bangalore as it has been the spine of many aspirations that have come true. Ranging from educational funding to getting a car financed, Bank of Maharashtra has lent a hand in the realisation of many desires. Lets know more about this relationship which is more than that of a city and a bank.

Bank of Maharashtra Personal Loan in Bengaluru at a glance

Apply Personal Loan @ 10.75%* Rate

Eligibility Criteria

• The applicant must be in the age bracket of 21 years to 60 years.
• Salaried individuals who are existing housing loan borrowers can apply.
• Those with a corporate salary account holders and a minimum of 2 years of employment history can apply. They must have completed at least 1year in the current organization and must have a minimum of 1 year long relationship with the bank.
• Net income of salaried individuals who are existing housing loan borrowers should be at least ₹2.5 lakhs. ITR/Form 16 for the past 2 years from the employer is compulsory.
• Net income of those holding a corporate salary account should be at least ₹3 lakhs. ITR/Form 16 for the past 2 years from the employer is required.
• The employee should have a salary account with the bank.
• The minimum net salary is expected to be more than 25% or ₹ 10,000/- per month, whichever is higher.

Required Documents

• 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.

To know further details, visit Personal Loan Bengaluru .

Address of Bank of Maharashtra Branches in Bengaluru