Personal Loan
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
Being a major public sector Bank in India, Bank of Maharashtra is a name that you can trust. With over 15 million customers spread across the length and breadth of the country, this bank is known for its valuable services. Moreover, the best thing about this entity is the fact that Government of India holds 81.61% of the total shares in it, thus it automatically grabs the attention of many. This reputed bank with its best of products and services leaves no stone unturned in order to fulfill varied needs of all its customers.
Whether you need funds for your child’s higher education or to buy a new sports car or to attend a friend’s marriage in foreign, no matter what are your personal financial needs, the bank is here with its best deals for personal loan. Yes, among its wide range of products, Bank of Maharashtra with its personal loan caters all your needs, and provides you with the instant funds to solve your personal financial problems. In order to get more details about personal loan, read this article further.
Bank of Maharashtra Personal Loan Interest Rates
Bank of Maharashtra Personal Loan Eligibility
To avail the personal loan in Bank of Maharashtra, you need to fit into the below eligibility criteria.
- The minimum age of the applicant should be 21 years
- The maximum age of the applicant should be 60 years
- The minimum annual income of the applicant should be ₹2.50 lakh-₹3 lakh
- Minimum 2 years in employment
- 1 year in current organization
Bank of Maharashtra Personal Loan EMI Calculator
The formula to calculate EMI (in arrears) is:
If you are interested in availing a loan of ₹5,00,000 from Bank of Maharashtra for 3 years at the rate of 12.50% per annum than your EMI will be as follows.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Year | Principal | Interest | Balance Amount |
---|
1 | ₹ 1,46,422 | ₹ 54,300 | ₹ 3,53,577 |
2 | ₹ 1,65,810 | ₹ 34,911 | ₹ 1,87,766 |
3 | ₹ 1,87,939 | ₹ 12,955 | ₹ 0 |
You can also calculate Personal loan EMI for your required loan amount at Wishfin.
Documentation Required
Features and Benefits
- Low interest rates
- Simple documentation
- Quick processing & Disbursal
- Affordable Financing
- No requirement of collateral/guarantor
- Easy monthly repayment options
- High loan amounts
Bank of Maharashtra Personal Loan Application Form
If you are willing to apply for Bank of Maharashtra personal loan, it is absolutely easy for you to do the same. Yes, you can visit the online site of the bank, and download the form for the personal loan. In addition to, you can visit the bank in person so as to get the application form. You can easily avail the form either online or offline, hence can apply for the personal loan without any hassle.