Bank of Maharashtra Personal Loan in Indore

About Bank of Maharashtra Personal Loan in Indore

Bank of Maharashtra is one of the leading banks on the nation, with its branches all across India. With its prominent presence in the city of Indore, Bank of Maharashtra has had a pivotal role in the hustle-bustle of Indore. Bank of Maharashtra Personal Loan is one of the main reasons behind the growing small-scale industries in the city of Indore. Amongst many beneficial and appealing financial products of the Bank of Maharashtra, Bank of Maharashtra Personal Loan has been one of peculiar importance. Let us know more about it in relevance to Indore.

Bank of Maharashtra Personal Loan in Indore 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 for Bank of Maharashtra Personal Loan

  • 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 Indore.

Address of Bank of Maharashtra Branches in Indore

Branch NameAddressIFSC CodeMICRContact details
M G RoadFadnis Complex, 88 - M. G. Road, Indore- 452007MAHB00001064520140021800-233-4526
Godha Colony18, Palsikar Colony, Palsikar Main Road Crossing, Indore- 452004MAHB00004364520140031800-233-4526
Lokmanya Nagar7, Kesarbagh Road, Lokmanya Nagar, Indore- 452009MAHB00007684520140041800-233-4526
Annapurna56, Sudama Nagar, Annapurna Road, Indore- 452009MAHB00011864520140051800-233-4526
PalasiaKanchana - Sagar 18, Old Palasia, A. B. Road, Indore- 452001MAHB00011904520140061800-233-4526
Vijaya Nagar51, Scheme No. 54, Vijay Nagar, Agra- Mumbai Road, Indore- 452008MAHB00012244520140071800-233-4526
Kanadia Road1 - 2, Shivshakti Nagar, Kanadia Road, IndoreMAHB00013964520140081800-233-4526
KodariaVillage Kodaria Tehsil Mhow, Dist. IndoreMAHB00006604530140021800-233-4526
HassalpurVillage Hassalpur Dist. IndoreMAHB00006704530140031800-233-4526
Bicholi142, Solanki Market, Bicholi Mardana, IndoreMAHB00016164520140111800-233-4526
DudhiyaH. No. 377, Indore Nemawar Main Road, Dudhiya, Dist. Indore- 452016MAHB00016174520140121800-233-4526

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