Bank of Maharashtra Personal Loan in Patna

About Bank of Maharashtra Personal Loan in Patna

Patna, earlier known as a Patliputra, is one of the oldest cities of the Indian Subcontinent. Known for its large agricultural background, Patna has an enriched financial system with tons of private and public lenders in its kitty. Bank of Maharashtra Personal Loan is a widely known product in this city, providing wings to thousands of dreams. Whether its a Personal Loan for the education of your child or for investment purposes in your ancestral land, Bank of Maharashtra Personal Loan deals with all your needs in a jiffy. Read on to know more about it.

Bank of Maharashtra Personal Loan in Patna 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.

Documents 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 Patna.

Address of Bank of Maharashtra Branches in Patna

Branch NameAddressIFSC CodeMICR Contact Details
PatnaRajgarhia Center, Exhibition Road, Patna-800001MAHB00007018000140011800-233-4526
Rajabazar PatnaKalyan Bhawan, First Floor, Khajpura, Bailey Road, Patna - 800014MAHB00012698000140041800-233-4526
Boring RoadSavitri Complex, 1st Floor, Boring Road, Patna - 800001MAHB00012708000140031800-233-4526

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