Bank of Maharashtra Personal Loan Bhubaneswar - Eligibility, Rates March 2024, EMI, IFSC

Bank of Maharashtra Personal Loan in Bhubaneswar

About Bank of Maharashtra Personal Loan in Bhubaneswar

Bhubaneswar is the city of temples, lakes and beautiful ancient architecture. Being a rich blend of the ancient and the modern, Bhubaneswar has nested many aims and aspirations. People of Bhubaneswar are particularly diligent and goal-oriented. Bank of Maharashtra is centrally placed in this city for optimum reach. Bank of maharashtra Personal Loan has been behind many successful stories of this city. Ranging from hi-tech renovations to educational fundings, Bank of Maharashtra Personal Loan has supported it all. Scroll down to know more about it.

Bank of Maharashtra Personal Loan in Bhubaneswar at a glance

ParticularsDetails
Interest Rate9.50% - 12.80%
Loan amountUp to ₹1.5 lakhs
TenureUp to 36 months
Processing Fee1% of the loan amount
Pre- payment chargesAs per bank’s norms

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.

Documentation Required

  • 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 more details, visit Personal Loan Bhubaneswar.

Address of Bank of Maharashtra Branches in Bhubaneswar

Branch NameAddressIFSC CodeMICRContact details
BhubaneswarPlot No. - 426/2260, Near N.H - 5, N.B Tower, Nayapalli, Bhubaneswar- 751012MAHB00011827510140020674-2564018

  • Personal Loan Interest Rates March 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%