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Bank of Maharashtra Maha Super Car Loan

New-car, jeep, and finance for personal use or eligible corporate applicants, with up to 100% on-road funding, published income floors and 84-month repayment.

Interest rateFloating 7.45%-11.75% p.a. by salaried/non-salaried CIBIL band; firms/companies 8.55%-9.05%. Fixed 10.15%-10.85% p.a. for eligible loans up to ₹50 lakh with CIC above 700, reset after three years.Maximum amountMaximum loan limit ₹5 crore for an individual and ₹10 crore for a non-individual, subject to permissible deduction norms.TenureMaximum repayment period 84 months.
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Quick eligibility check

Bank of Maharashtra Maha Super Car Loan

0 of 8 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: Salaried and pensioner applicants: gross monthly income/pension ₹25,000 or more?

Published source: Minimum income

2Do you meet this requirement: Corporate applicants: tangible net worth at least five times the requested loan?

Published source: Minimum income

3Does your annual income meet this requirement: Salaried or pensioner gross monthly income must be at least ₹25,000?

4Do you meet this requirement: Corporate applicants need tangible net worth at least five times the requested loan and CMR 1–5 or BBB+ external rating?

5Document checkDo you have this required document or proof: Application, KYC, income/ITR evidence, vehicle quotation and entity documents where applicable?

Published source: Minimum income

6Document checkDo you have this required document or proof: Self-employed professionals: ₹3 lakh last-year income with the past two years' ITR?

Published source: Minimum income

7Document checkDo you have this required document or proof: Businesspeople/agriculturists: ₹4 lakh last-year income with the past two years' ITR?

Published source: Minimum income

8Document checkDo you have this required document or proof: ₹3 lakh last-year income and two years' ITR?

Published source: Minimum income
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India

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 typeNew four-wheeler finance for a car, jeep, MUV or SUV for personal use and eligible corporate purchase.View source
The purpose row lists new four-wheelers for personal use and eligible entities.
Source
Maha Super Car Loan Scheme
Page / section
Purpose
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateFloating 7.45%-11.75% p.a. by salaried/non-salaried CIBIL band; firms/companies 8.55%-9.05%. Fixed 10.15%-10.85% p.a. for eligible loans up to ₹50 lakh with CIC above 700, reset after three years.View source
The complete current page supplies every individual, entity and fixed band.
Source
Retail Interest Rates
Page / section
Maha Super Car floating and fixed tables
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkFloating: RLLR 8.05% with -0.60% to +3.70% individual spread or +0.50%-1.00% entity spread. Fixed: 1-year MCLR 8.85% plus 1.30%-2.00%.View source
The official table gives benchmark, spread and effective rate.
Source
Retail Interest Rates
Page / section
Maha Super Car floating and fixed tables
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR figure is published; the retail page publishes benchmark, spread and effective ROI.View source
The table presents effective , not a separate fee-inclusive .
Source
Retail Interest Rates
Page / section
Fixed new-car table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeSalaried and pensioner applicants: gross monthly income/pension ₹25,000 or more. Self-employed professionals: ₹3 lakh last-year income with the past two years' ITR. Businesspeople/agriculturists: ₹4 lakh last-year income with the past two years' ITR. Corporate applicants: tangible net worth at least five times the requested loan.View source
The official eligibility table publishes the salaried/pensioner, professional, business/agriculturist and corporate thresholds.
Source
Maha Super Car Loan Scheme
Page / section
Minimum Annual Income
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountMaximum loan limit ₹5 crore for an individual and ₹10 crore for a non-individual, subject to permissible deduction norms.View source
The quantum table states ₹500 lakh individual and ₹1,000 lakh non-individual maximums.
Source
Maha Super Car Loan Scheme
Page / section
Eligible Quantum of Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureMaximum repayment period 84 months.View source
The official table states maximum 84 months.
Source
Maha Super Car Loan Scheme
Page / section
Repayment period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing fee0.25% of loan amount, minimum ₹1,000 and maximum ₹15,000, excluding GST.View source
The official scheme table prints 0.25% with ₹1,000 minimum and ₹15,000 maximum excluding .
Source
Maha Super Car Loan Scheme
Page / section
Processing Fee
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo pre-payment, pre-closure or part-payment charges.View source
The official features list says no pre-payment, pre-closure or part-payment charges.
Source
Maha Super Car Loan Scheme
Page / section
Features
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to 100% of on-road price
  • Maximum ₹5 crore for individuals and ₹10 crore for non-individuals
  • No pre-payment, pre-closure or part-payment charges
  • Daily-reducing-balance interest

Eligibility

  • Salaried or pensioner gross monthly income must be at least ₹25,000; self-employed professionals need ₹3 lakh last-year income and two years' ; businesspeople/agriculturists need ₹4 lakh last-year income and two years' . Corporate applicants need tangible net worth at least five times the requested loan and 1–5 or BBB+ external rating.

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

Documents the bank lists

  • Application, , income/ evidence, vehicle quotation and entity documents where applicable

Related official documents

Maha Super Car Loan Scheme — official product pageofficial-product-page · current · accessed 31 Aug 2026
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Retail Interest Rates — Bank of Maharashtraofficial-product-page · current · accessed 31 Aug 2026
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Retail Interest Rates - complete remaining-loan reviewofficial-rate-table · current · accessed 31 Aug 2026
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Service Charges — Bank of Maharashtraofficial-product-page · current · accessed 31 Aug 2026
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Plan before applying

Try the numbers

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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.

Maha Super Housing · Rate / benchmark1-year 8.85%; fixed effective 11.50%–12.70% by loan band

This value is copied from Bank of Maharashtra Maha Super Housing and Car — published terms. Check the table notes before relying on it.

Source: Maha Super Housing / Maha Super Car and Retail Interest Rates · Official product, rate and service-charge tables Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 3 rows · 5 columnsBank of Maharashtra Maha Super Housing and Car — published termsView tableHide table

Scroll sideways to view every column

Bank of Maharashtra Maha Super Housing and Car — published terms
ProductRate / benchmarkAmount / incomeTenureFees and prepayment
Maha Super Housing1-year 8.85%; fixed effective 11.50%–12.70% by loan bandAmount assessed by permissible deduction, and request; no universal income floor publishedUp to 30 years or age 75Processing 0.25%, max ₹25,000; account handling 0.10%, ₹500–₹11,000; no prepayment charge
Maha Super Green Housing1-year 8.85%; fixed effective 11.40%–12.60% by loan bandQualifying green housing; no universal income floor publishedUp to 30 years or age 75Nil processing; account handling 0.10%, ₹500–₹11,000; no prepayment charge
Maha Super Car10.15%–10.85% fixed by and borrower type; green EV table 0.10% lowerIndividual max ₹5 crore; non-individual max ₹10 crore; salary/pension ₹25,000 monthly, professional ₹3 lakh annual, business/agri ₹4 lakh annual84 months0.25%, ₹1,000–₹15,000 plus ; no pre-payment/pre-closure/part-payment charge
Maha Super Housing / Maha Super Car and Retail Interest Rates · Official product, rate and service-charge tables · accessed 31 Aug 2026Open official source ↗

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