Bank of Maharashtra Personal Loan in Mumbai

Last Updated : April 25, 2017, 1:56 a.m.

About Bank of Maharashtra Personal Loan in Mumbai

Mumbai, the city of dreamers, has been the centre of major developments in the country. thousands of people move to the city of Mumbai to make their dreams and aspirations come true. Along with a huge population of diverse people, Mumbai is also home to the finest of companies from all genres that one can imagine. Bank of Maharashtra has been an ace player in making what this city is today. Ranging from financial needs of buying a studio apartment to going for their favourite car, Bank of Maharashtra has never disappointed its customers. Bank of Maharashtra Personal Loan has been a benchmark product setting a status for many others in the same segment. It wouldn’t be completely wrong to say that Bank of Maharashtra Personal Loan has been the spine of many dreams that have seen daylight in the city of Mumbai. Scroll down to know more!

Bank of Maharashtra Personal Loan in Mumbai 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.

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 Mumbai .

Address of Bank of Maharashtra Branches in Mumbai