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Bank of Maharashtra Maha Super Green Car Loan

Electric passenger-car finance with up to 100% on-road funding for eligible existing housing-loan borrowers, a 0.25% floating-rate concession, nil processing and up to 84 months.

Interest rateFloating rate: 0.25 percentage point below the applicable Maha Super Car rate, subject to the RLLR - 0.60% floor; current effective range 7.45%-11.50% p.a. Fixed rate for eligible loans up to ₹50 lakh and CIC above 700: 10.05%-10.75% p.a., reset after three years.Maximum amountIndividuals: ₹5 crore. Non-individuals: ₹10 crore. Eligible existing housing-loan borrowers may receive up to 100% of on-road price; others have at least 10% margin.TenureUp to 84 months.
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Quick eligibility check

Bank of Maharashtra Maha Super Green 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.

1Are you this type of customer: Salaried/pensioners: ₹25,000 gross monthly?

Published source: Minimum income

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

Published source: Minimum income

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

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

5Document checkDo you have this required document or proof: Application and KYC?

Published source: Minimum income

6Document checkDo you have at least one of these required documents: Income/ITR or entity financial/rating evidence?

Published source: Minimum income

7Document checkDo you have this required document or proof: Electric-vehicle quotation and registration/insurance documents?

Published source: Minimum income

8Document checkDo you have this required document or proof: NRI/PIO documents where applicable?

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 typeFinance for a new electric passenger car, MUV or SUV for personal use, not passenger hire/ferrying.View source
The scheme table defines eligible vehicle classes and excludes hiring/ferrying.
Source
Maha Super Green Car Loan
Page / section
Purpose
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateFloating rate: 0.25 percentage point below the applicable Maha Super Car rate, subject to the RLLR - 0.60% floor; current effective range 7.45%-11.50% p.a. Fixed rate for eligible loans up to ₹50 lakh and CIC above 700: 10.05%-10.75% p.a., reset after three years.View source
The current table publishes the green-car concession/floor and all fixed-rate rows.
Source
Retail Interest Rates
Page / section
Maha Super Car concessions; fixed Green Car table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkFloating: RLLR 8.05% with applicable car-loan spread less 0.25%, subject to a 7.45% floor. Fixed: 1-year MCLR 8.85% plus 1.20%-1.90%.View source
Both benchmark structures and the green concession are published.
Source
Retail Interest Rates
Page / section
Maha Super Car and fixed Green Car tables
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published; the official page and linked rate/fee schedules do not provide a fee-inclusive APR.View source
No calculation is shown.
Source
Maha Super Green Car - complete review
Page / section
Complete product, rate and fee review
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeSalaried/pensioners: ₹25,000 gross monthly. Self-employed professionals: ₹3 lakh last-year income plus two years' ITR. Business/agriculture: ₹4 lakh last-year income plus two years' ITR. Corporate tangible net worth must be at least five times the requested loan.View source
Every occupation-specific threshold is preserved from the official table.
Source
Maha Super Green Car Loan
Page / section
Minimum Annual Income
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountIndividuals: ₹5 crore. Non-individuals: ₹10 crore. Eligible existing housing-loan borrowers may receive up to 100% of on-road price; others have at least 10% margin.View source
The scheme table publishes both caps and margin routes.
Source
Maha Super Green Car Loan
Page / section
Eligible Quantum; Margin
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureUp to 84 months.View source
The page states maximum 84 months.
Source
Maha Super Green Car Loan
Page / section
Repayment period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing and account-handling chargesNil processing fee and nil account-handling charge.View source
The product page and visually checked current both state nil processing; the also states nil account handling.
Source
Maha Super Green Car page and Service Charges
Page / section
Product features; pages 72 and 74
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment chargeNil prepayment, pre-closure and part-payment charge.View source
The page explicitly waives all three charges.
Source
Maha Super Green Car Loan
Page / section
Features
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Maximum ₹5 crore for individuals and ₹10 crore for non-individuals
  • Up to 100% on-road funding for eligible existing housing-loan borrowers
  • 0.25% floating-rate concession subject to the current floor
  • Nil processing and account-handling charges
  • No prepayment, pre-closure or part-payment charge
  • Interest on daily reducing balance

Eligibility

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

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

Documents the bank lists

  • Application and
  • Income/ or entity financial/rating evidence
  • Electric-vehicle quotation and registration/insurance documents
  • / documents where applicable

Related official documents

Maha Super Green Car Loan Scheme - Electric Carofficial-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

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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.

Purpose · Published termNew electric passenger cars, and for personal use; no hiring/ferrying

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

Source: Maha Super Green Car Loan · Features and 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 · 11 rows · 2 columnsMaha Super Green Car Loan - complete published scheme tableView tableHide table

Scroll sideways to view every column

Maha Super Green Car Loan - complete published scheme table
ParameterPublished term
PurposeNew electric passenger cars, and for personal use; no hiring/ferrying
EligibilityResident Indians, / and eligible firms/companies//trusts/societies
AmountIndividuals ₹5 crore; non-individuals ₹10 crore
IncomeSalary/pension ₹25,000 monthly; professional ₹3 lakh annual; business/agriculture ₹4 lakh annual; entity TNW at least 5x loan and 1-5/BBB+
MarginNil on-road margin for eligible existing housing-loan borrowers; 10% for others
Repayment84 months
Floating rateApplicable Maha Super Car rate less 0.25%, subject to 7.45% floor
Fixed rate10.05%-10.75% for eligible ≤₹50 lakh/ >700, reset after three years
DeductionSalaried up to 80% gross monthly income; non-salaried up to 80% average annual income
SecurityHypothecation of vehicle
FeesNil processing and account-handling; nil prepayment/pre-closure/part-payment
Maha Super Green Car Loan · Features and 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 ↗

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