IndiaBanks.org · independent research

Personal, home, vehicle & other loans

Bank of Maharashtra Maha Adhaar Pension Loan

Pension-linked personal finance for consumption, medical, marriage and ceremonial expenses, with age- and pension-category limits up to ₹10 lakh and repayment up to 120 .

Interest rateGeneral pensioners: 9.75% p.a. Defence and Bank staff pensioners: 9.25% p.a.Maximum financeUp to ₹10 lakh. General pensioners: 18 months' pension, capped at ₹10 lakh up to age 65, ₹5 lakh up to 70 and ₹3 lakh up to 73. Defence/staff: 36 months, capped at ₹10 lakh/₹7 lakh/₹5 lakh. Family pensioners: 18 months, capped at ₹4 lakh/₹3 lakh/₹2 lakh.TenureUp to 120 EMIs, subject to age 75 at maturity.
Official product page ↗Compare category

Quick eligibility check

Bank of Maharashtra Maha Adhaar Pension Loan

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No minimum annual income?

Published source: Minimum income

2Do you meet this requirement: Finance is based on eligible pension and deduction caps: 40% of gross monthly pension up to ₹12,500 and 50% above ₹12,500?

Published source: Minimum income

3Does your age meet this requirement: Finance is linked to 18 or 36 months' pension and age-specific caps?

4Do you meet this requirement: A family-pension nominee is normally a mandatory co-borrower?

5Do you meet this requirement: an acceptable guarantor is required in the published family-pension/no-beneficiary cases?

6Document checkDo you have this required document or proof: KYC and pension proof?

Published source: Minimum income

7Document checkDo you have this required document or proof: Pension account statements?

Published source: Minimum income

8Document checkDo you have this required document or proof: Age proof?

Published source: Minimum income

9Document checkDo you have this required document or proof: Family-pension nominee/co-borrower documents?

Published source: Minimum income
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India; pension must be drawn through a Bank of Maharashtra branch

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typePension-linked personal term loan for permitted consumption, medical, marriage, funeral, birth and religious-ceremony expenses.View source
The official table lists the personal-expense purposes.
Source
Mahabank Aadhar Loan Scheme
Page / section
Purpose
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateGeneral pensioners: 9.75% p.a. Defence and Bank staff pensioners: 9.25% p.a.View source
The current table publishes both pensioner-category rates.
Source
Retail Interest Rates
Page / section
Maha Bank Adhaar Loan scheme
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRLLR 8.05% + 1.70% for general pensioners; RLLR + 1.20% for defence and staff pensioners.View source
The table prints benchmark, spread and effective rate for both rows.
Source
Retail Interest Rates
Page / section
Maha Bank Adhaar Loan scheme
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published; the product, rate and fee sources do not calculate a combined APR.View source
and charges are published separately.
Source
Maha Adhaar - complete review
Page / section
Complete product, rate and fee review
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum annual income. Finance is based on eligible pension and deduction caps: 40% of gross monthly pension up to ₹12,500 and 50% above ₹12,500.View source
The scheme table says income minimum not applicable and provides pension deduction bands.
Source
Mahabank Aadhar Loan Scheme
Page / section
Min Annual Income; Deduction
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum financeUp to ₹10 lakh. General pensioners: 18 months' pension, capped at ₹10 lakh up to age 65, ₹5 lakh up to 70 and ₹3 lakh up to 73. Defence/staff: 36 months, capped at ₹10 lakh/₹7 lakh/₹5 lakh. Family pensioners: 18 months, capped at ₹4 lakh/₹3 lakh/₹2 lakh.View source
Every pension and age band is preserved from the official table.
Source
Mahabank Aadhar Loan Scheme
Page / section
Maximum Quantum of Finance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureUp to 120 EMIs, subject to age 75 at maturity.View source
The page states 120 and age 75 at maturity.
Source
Mahabank Aadhar Loan Scheme
Page / section
Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing and account-handling chargesProcessing 0.50% of loan amount, minimum ₹500 and maximum ₹5,000; nil for staff pensioners. Account handling 0.20%, minimum ₹1,500 and maximum ₹10,500, excluding GST.View source
The page and visually checked publish the processing fee; the adds current account-handling charges.
Source
Maha Adhaar page and Service Charges
Page / section
Product fee row; pages 73 and 75
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment chargeNil for floating-rate non-business retail loans to individuals.View source
The current table states no charge for this floating-rate individual non-business class.
Source
Service Charges - Liabilities Portfolio
Page / section
page 12: Closure of Loan / Pre-Payment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to ₹10 lakh for eligible pensioners
  • General pensioner rate 9.75%; defence/staff pensioner rate 9.25%
  • Up to 120 , subject to age 75 at maturity
  • Nil margin
  • No processing charge for staff pensioners

Eligibility

  • Finance is linked to 18 or 36 months' pension and age-specific caps. A family-pension nominee is normally a mandatory co-borrower; an acceptable guarantor is required in the published family-pension/no-beneficiary cases.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • and pension proof
  • Pension account statements
  • Age proof
  • Family-pension nominee/co-borrower documents
  • Guarantor , income/pension and net-worth evidence where required
  • Application and mandate documents

Related official documents

Mahabank Aadhar Loan Schemeofficial-product-page · current · accessed 31 Aug 2026
↗
Retail Interest Rates - complete remaining-loan reviewofficial-rate-table · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Liabilities Portfolioofficial-pdf · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Purpose · Published termConsumption, medical, marriage, funeral, birth and religious ceremonies

This value is copied from Maha Adhaar Pension Loan - complete published scheme table. Check the table notes before relying on it.

Source: Mahabank Aadhar Loan Scheme · Complete scheme table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 12 rows · 2 columnsMaha Adhaar Pension Loan - complete published scheme tableView tableHide table

Scroll sideways to view every column

Maha Adhaar Pension Loan - complete published scheme table
ParameterPublished term
PurposeConsumption, medical, marriage, funeral, birth and religious ceremonies
EligibilityCentral/State Government, Municipal Corporation, and family pensioners drawing pension through the bank
IncomeNo annual minimum
General pensioner amount18 months' pension; caps ₹10 lakh to age 65, ₹5 lakh to 70, ₹3 lakh to 73
Defence/staff amount36 months' pension; caps ₹10 lakh to age 65, ₹7 lakh to 70, ₹5 lakh to 73
Family pension amount18 months' pension; caps ₹4 lakh to age 65, ₹3 lakh to 70, ₹2 lakh to 73
MarginNil
Repayment120 ; age 75 at maturity
RateGeneral 9.75%; defence/staff 9.25%
Deductions40% of gross pension up to ₹12,500; 50% above ₹12,500
SecurityFamily-pension nominee co-borrower; guarantor in published no-beneficiary/family-pension cases
Processing0.50%, ₹500-₹5,000; nil for staff pensioners
Mahabank Aadhar Loan Scheme · Complete scheme table · accessed 31 Aug 2026Open official source ↗
Table 2 · 6 rows · 4 columnsBank of Maharashtra current retail-credit charge rows used in this batchView tableHide table

Scroll sideways to view every column

Bank of Maharashtra current retail-credit charge rows used in this batch
ProductProcessing feeAccount handlingOther / prepayment
Housing/Flexi/ (non-green)0.25%, max ₹25,0000.10%, ₹500-₹11,000Nil prepayment for floating non-business individual loan
Housing Top-Up0.50%, ₹500-₹50,0000.10%, ₹500-₹11,000Product page: no prepayment penalty
Loan Against Property1%, ₹1,000-₹50,0000.10%, ₹500-₹11,000Nil prepayment for floating non-business individual loan
Maha Adhaar0.50%, ₹500-₹5,000; staff pensioner nil0.20%, ₹1,500-₹10,500Nil prepayment for floating non-business individual loan
-VidyalaxmiNo processing/upfront charge0.20%, min ₹500₹200 enrolment in current ; nil prepayment
Maha Super Green CarNilNilNil prepayment/pre-closure/part-payment
Service Charges - Liabilities Portfolio · pages 12 and 72-76 · accessed 31 Aug 2026Open official source ↗

More from Bank of Maharashtra

Related products

Bank of Maharashtra Agri-Clinic and Agri-Business Centre Loan

Term finance for qualified candidates aged 18 to 60 to establish an agri-clinic or agri-business centre, up to ₹20 lakh individually or ₹1 crore for a five-member group, with five-to-ten-year repayment and eligible subsidy.

View product

Bank of Maharashtra Agriculture Gold Loan

An agriculture term loan against pledged gold jewellery for crop, allied-activity and investment needs, up to ₹1 crore per borrower and repayable within 24 months.

View product

Bank of Maharashtra Animal Husbandry Loan

Term-loan or cash-credit finance for dairy, draught animals, poultry, sheep/goat rearing, animal sheds, machinery and working capital, with project-based finance and three-to-seven-year term repayment.

View product

Bank of Maharashtra Farm Mechanization Loan

Up to ₹25 lakh for new or second-hand tractors, power tillers, combine harvesters, threshers, sprayers and other farm machinery, repayable over five to nine years.

View product