Mahabank Personal Loan Scheme

 

SNo Parameter Details
1 Name of the scheme Maha Bank Personal Loan Scheme
2 Purpose: For Personal Expenses such as Medical Expenses, Expenses on Travel / Tour, Income Tax liability, Expenses for Family Functions etc.
3 Eligibility: Existing Housing Loan Borrowers (Salaried Individuals only) /Corporate Salary Account holders (Minimum 2 years in employment and with 1year in the current organization) having minimum standing of 1 year relationship with our Bank.
4 Min. Annual Income For Corporate Salary Account holders: Rs. 3.00 lakh (last year income) - Minimum past 2 year ITR/Form 16 from the Employer is Mandatory.

For Existing Housing Loan Borrowers (For Salaried Individuals only) : Rs. 2.50 lakh (last year income) - Minimum past 2 year ITR/Form 16 from the employer is Mandatory, Subject to sufficient disposable income.
5 Age Limit
  • Minimum : 21 Years
  • Maximum: 60 Years
6 Quantum of Finance Maximum loan amount: Rs.1.50 lakh, Subject to deduction norms
7 Margin: NIL
8 Rate of Interest: Click here to view the Interest Rate
  • 1.00% discount in applicable interest rate will be given to Existing Housing Loan Borrowers / Corporate Salary account Holders
9 Repayment Maximum 36 Months
10 Deduction Not to Exceed 60% of the Gross Income including Proposed EMI
11 Processing Charges 1.00% of the Loan Amount (Min.:Rs.1000/-)
12 Security Clean
13 Guarantor One guarantor acceptable to the Bank
 
Integrety Pledge by CVC

User Manual - UPI
Is your Bank Account KYC compliant?
Locate Branch/ATM
Bank's Willful Defaulters
List of ATMs in Six Metro Cities (New Delhi, Mumbai, Kolkata, Bengluru, Chennai, Hyderabad)

RBI Monetary Museum - Reserve Bank of India

General Information about the Museum
 
 
CUSTOMER EDUCATION : Security Features of Indian Banknotes
 
A Little extra care makes your online transactions more secure

1- English Version
 
Mahabank gold loan scheme - Loan Against gold ornaments
 
Account Portability : Transfer of account from one branch to another branch in the Bank
New Recurring Deposit Schemes : Maha Millionaire, Maha Lakhpati & Mahasanchay Systematic Deposit Plan
Bank's Codes of Commitments to Customers
 
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

List of Specialized Branch
State wise Holiday
Visitor Counter
Stats
IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.