Bank of Maharashtra Personal Loan

Apply Now

Bank of Maharashtra personal loan is an unsecured loan you can use to meet different expenses. The public-sector bank, Bank of Maharashtra offers a broad range of loan products. Founded by with a group of missionaries in 1935, the Indian government has a significant stake owning 81.2 % shares of the bank. Out of different schemes offered by the bank, the bank provides a scheme called Mahabank Personal Loan which is the most popular among other schemes in the line it has.

This loan is granted to fulfil one’s personal expenses such as repairs and renovations of the house, weddings, education fee, travel, medications, etc. It also charges minimal interests rates for its customer to gain maximum benefits. At our website,, we provide you every detail about the bank personal loan.

Bank of Maharashtra Personal Loan Details Updated
Loan Amount Maximum Rs. 1.50 lakhs
Loan Tenure 3 Years
Interest Rate 12.70% Floating

Why Choose Bank of Maharashtra Personal Loan?

Features of Personal Loans at Bank of Maharashtra

The following key points will help you understand the features and benefits of the personal loans:

Every bank today offers personal loans. The Bank of Maharashtra stands out because of the following reasons:

Why Apply for BOM Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by Bank of Maharashtra. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for BOM Personal Loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Bank of Maharashtra Personal Loan Interest Rates

Personal Loan Bank of Maharashtra interest rate is 12.70% floating, but varies as per individual profile. Keep a check on this page to note the updated Bank of Maharashtra personal loan interest rate for the current year.

Bank of Maharashtra Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Bank of Maharashtra personal loan eligibility calculator at The eligibility criteria for Bank of Maharashtra personal loan are discussed below:

Types of Bank of Maharashtra Personal Loans

Bank of Maharashtra has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Bank of Maharashtra Personal Loan FAQs

Below provided are important questions about personal loan Bank of Maharashtra FAQs

1. What are the eligibility criteria for Bank of Maharashtra personal loan?

The eligibility criteria for Bank of Maharashtra personal loans are:

  • Age – 21 to 60 years.
  • Self-employed, salaried and existing house loan borrowers are eligible
  • Income – the person should have an income of at least three lakhs per annum
  • Maximum loan granted – Rs 1.5 lakh
  • Repayment period – up to 36 months
  • Tenure of the loan – 1 to 3 years.

2. What is the processing fee?

The processing fee is only 1% of the loan value

3. Any special benefits are available for Bank of Maharashtra account holders?

Personal loans have special offers if you have a salary account.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Bank of Maharashtra .