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 Rate11.75% - 12.75%
Loan amountUp to ₹1.5 lakhs
TenureUp to 36 months
Processing Fee1% of the loan amount
Pre- payment chargesAs per bank’s norms

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

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