Mahabank Personal Loan Scheme


Purpose To meet personal Expenses
Eligibility Permanent salaried / Professionals (must be IT assesses)
Age 21yrs – 60yrs at Loan Maturity
Minimum Employment For Service Persons Total – 5 Yrs
Current – 2 yrs
Professionals -3 years
Minimum Annual Income Salaried persons, permanent in service / professionals -minimum income Rs. 3.00 lakh p.a. (Teachers having salary a/c Rs.2.00 lac)
Maximum amount Rs.1.50 lac
Salaried - 6 times Gross Pay
Professionals - 50% of Gross Avg. Income of last 3 yrs IT return or last yrs inc. which ever is less
Margin : Nil
Deduction Limit 60% of Gross Pay
Rate of Interest Click here to view the Interest Rate
Security CLEAN
Guarantor One Guarantor acceptable to Bank
Repayment EMI – 36 mts (Max) or residual service whichever is less
Processing fee 1% of Loan Amt. Min. Rs.500.00
Insurance N.A.
Group Finance No Group Finance
Others N.A.
List of Specialized Branch
Locate Branch/ATM
Bank's Willful Defaulters
Central Processing Cells (CPCs) -
Bank has established Central Processing Cells (CPCs) for centralized processing and sanctioning of Commercial Credit advances including Corporate, MSME and other loan from loan quantum above Rs. 10.00 lacs in general and agricultural term loans more than Rs. 5.00 lacs. & for all Retail Credit.

e-SBTR -
Pay Stamp Duty & Registration Fee using Bank of Maharashtra Internet Banking

Inflation Indexed National Saving Securities - Cumulative

1 - Product details
2 - Application form
Public Notice for Current and Saving Inoperative Accounts Holders with Zero Balance in General Category i.e. excluding the accounts opened for Direct Benefit Transfer / Electronic Benefit Transfer / Scholarships for students

Annual Maintenance Fee for ATM cum Debit Card will be charged Rs. 100 plus Service Tax from second year onwards (w.e.f. 01-03-2014)
CUSTOMER EDUCATION : Security Features of Indian Banknotes
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Revised Service Charges w.e.f. 01/09/2013
New Recurring Deposit Schemes : Maha Millionaire, Maha Lakhpati & Mahasanchay Systematic Deposit Plan
Mahabank gold loan scheme - Loan Against gold ornaments
Bancon 2012 : Bank of Maharashtra proudly hosted Bancon 2012 on 24th and 25th November 2012
Account Portability : Transfer of account from one branch to another branch in the Bank
Bank's Codes of Commitments to Customers
New Recurring Deposit Schemes : Maha Millionaire, Maha Lakhpati & Mahasanchay Systematic Deposit Plan
Change in Interest Payment Date on Savings Bank Deposits
Service Charges
Mahabank Gold Loan Scheme - Loan against Gold Ornaments
Top Up Loan for Home Loan Borrowers to meet various needs
Interest on domestic term deposits
List of branches authorized for opening of PPF Account

Discontinuation of Maha Swarna RD Yojana
State wise Holiday
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