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Personal, home, vehicle & other loans

Bank of Maharashtra Personal Loan

Unsecured personal finance for medical, education, travel, wedding, renovation and other personal expenses, with published income, amount, fee and tenure rules.

Interest rate9.75%-15.00% p.a. effective rate across the published salaried, professional and housing-loan-linked business categories and CIBIL bands.Maximum amountLoan amount is up to 20 times gross monthly income, capped at ₹20 lakh.TenureCategory A salaried customers may repay up to 84 months with a Bank of Maharashtra salary account or 60 months with another bank; Category B/C and professional schemes allow 60 months; business class with an eligible home loan allows 84 months.
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Quick eligibility check

Bank of Maharashtra Personal Loan

0 of 3 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: Minimum annual income ₹3 lakh?

Published source: Minimum income

2Does your annual income meet this requirement: Tenure varies by salary-account category and scheme: up to 84 months for Category A with Bank salary account or business-class home-loan customers, 60 months for other categories and professionals?

3Document checkDo you have this required document or proof: KYC and residence proof; recent salary slips and two years' ITR/Form 16 for salaried applicants; ITR, financial statements, registrations and bank statements for professionals/business applicants?

Published source: Minimum income
0 of 3 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 typeUnsecured personal loan for personal expenses such as medical bills, travel, education, weddings, renovation and debt repayment.View source
The official page describes personal expenses and states that collateral/security is not required.
Source
Maha Bank Personal Loan Scheme
Page / section
Purpose and
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate9.75%-15.00% p.a. effective rate across the published salaried, professional and housing-loan-linked business categories and CIBIL bands.View source
The complete current table publishes all category/account/ combinations.
Source
Retail Interest Rates
Page / section
Maha Bank Personal Loan scheme - categories A-D
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRLLR 8.05% plus 1.70%-6.95%, depending on borrower category, salary-account relationship and CIBIL score.View source
The official current schedule provides every spread.
Source
Retail Interest Rates
Page / section
Maha Bank Personal Loan scheme - categories A-D
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR figure is published on the reviewed official page.View source
The page publishes annual interest but no fee-inclusive .
Source
Maha Bank Personal Loan Scheme
Page / section
Complete rate section
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeMinimum annual income ₹3 lakh.View source
The features section states Minimum annual Income – 3.00 Lakhs.
Source
Maha Bank Personal Loan Scheme
Page / section
Features and benefits
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountLoan amount is up to 20 times gross monthly income, capped at ₹20 lakh.View source
The official page states 20 times gross monthly income and maximum Rs 20.00 Lakhs.
Source
Maha Bank Personal Loan Scheme
Page / section
Features and benefits
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureCategory A salaried customers may repay up to 84 months with a Bank of Maharashtra salary account or 60 months with another bank; Category B/C and professional schemes allow 60 months; business class with an eligible home loan allows 84 months.View source
The lists each scheme's maximum months.
Source
Maha Bank Personal Loan Scheme
Page / section
— repayment tenure
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing fee1.00% of loan amount plus GST.View source
The page states Processing Fee 1.00% of the loan amount + .
Source
Maha Bank Personal Loan Scheme
Page / section
Features and benefits
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment penalty is published for the personal-loan scheme.View source
The official features list says No Prepayment Penalty.
Source
Maha Bank Personal Loan Scheme
Page / section
Features and benefits
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Interest rate starts at 8.75% p.a.
  • Loan amount up to 20 times gross monthly income, capped at ₹20 lakh
  • No guarantor required
  • No prepayment penalty published
  • MahaMobile application available

Eligibility

  • Minimum annual income ₹3 lakh. Tenure varies by salary-account category and scheme: up to 84 months for Category A with Bank salary account or business-class home-loan customers, 60 months for other categories and professionals.

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

Documents the bank lists

  • and residence proof; recent salary slips and two years' /Form 16 for salaried applicants; , financial statements, registrations and bank statements for professionals/business applicants

Related official documents

Maha Bank Personal Loan Scheme — official product pageofficial-product-page · current · accessed 31 Aug 2026
↗
Retail Interest Rates - complete remaining-loan reviewofficial-rate-table · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

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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.

Personal Loan · RateFrom 8.75% p.a.

This value is copied from Bank of Maharashtra personal, education, skill and gold loans — published terms. Check the table notes before relying on it.

Source: Bank of Maharashtra official retail loan pages · Personal, Model Education, Skill and Gold loan 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 · 4 rows · 5 columnsBank of Maharashtra personal, education, skill and gold loans — published termsView tableHide table

Scroll sideways to view every column

Bank of Maharashtra personal, education, skill and gold loans — published terms
ProductRateAmount / eligibilityTenureFees / security
Personal LoanFrom 8.75% p.a.₹3 lakh annual income; up to 20× gross monthly income, max ₹20 lakh60–84 months by scheme1% + ; unsecured; no prepayment penalty
Model Education LoanEducation page starts at 6.85% p.a.; model scheme links current table₹10 lakh India / ₹20 lakh abroad; parent/guardian co-borrowerUp to 180 plus course-period moratoriumAbroad processing 0.50% refundable on course take-up; collateral above ₹7.5 lakh
Mahabank Skill LoanNumeric rate not printed on reviewed scheme page₹5,000–₹7.50 lakh; eligible NSQF/SIDH courses36/60/84 months by amount; 6/12-month moratoriumNil processing; collateral-free with CGFSSD cover
Gold Loan8.50%–9.25% p.a. by slab and ₹20,000–₹1 crore; age 18+, own gold, ; no requiredTerm up to 24 months; bullet up to 12 monthsSlab fee ₹0–₹2,000 plus ₹100 + packing; gold pledged; no prepayment charge
Bank of Maharashtra official retail loan pages · Personal, Model Education, Skill and Gold loan tables · accessed 31 Aug 2026Open official source ↗

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