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Bank of Maharashtra Pre-Owned Car Loan

Finance for approved pre-owned four-wheelers not older than three years and within 1,50,000 km, with ₹2 lakh–₹50 lakh funding and a 60-month tenure.

RateCurrent floating table: 11.20% at CIBIL 750+, 11.55% at 700–749, 12.05% at 650–699, 13.05% at 600–649, 14.05% below 600 and 12.05% for -1/0/01–05.Maximum amount₹2 lakh minimum and ₹50 lakh maximum; finance is the lowest of eligible assessment, 70% of certified market/invoice value or 100% of insured declared value.TenureMaximum 60 months.
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Quick eligibility check

Bank of Maharashtra Pre-Owned Car Loan

0 of 5 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.

1Do you meet this requirement: Eligible Government/PSU pensioners need ₹25,000 monthly pension?

Published source: Minimum income

2Do you meet this requirement: Government/PSU pensioners need ₹25,000 monthly pension?

3Document checkDo you have this required document or proof: Application, KYC, income documents, valuation/dealer invoice, insurance IDV evidence and vehicle records?

Published source: Minimum income

4Document checkDo you have this required document or proof: Salaried and other individual applicants: ₹3 lakh last-year income with two years' ITR/Form 16?

Published source: Minimum income

5Document checkDo you have this required document or proof: ₹3 lakh last-year income with two years' ITR/Form 16?

Published source: Minimum income
0 of 5 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 typeVehicle loan for an approved pre-owned four-wheeler not older than three years and within 1,50,000 km.View source
The product page publishes the vehicle age, mileage and approved-channel conditions.
Source
Vehicle Loan for Second Hand Car
Page / section
Purpose
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
RateCurrent floating table: 11.20% at CIBIL 750+, 11.55% at 700–749, 12.05% at 650–699, 13.05% at 600–649, 14.05% below 600 and 12.05% for -1/0/01–05.View source
The official table lists the score-linked effective rates.
Source
Retail Interest Rates
Page / section
Second Hand Car Loan table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRLLR, shown as 8.05%, plus 3.15%–6.00% according to CIBIL band.View source
The table prints , spread and ER.
Source
Retail Interest Rates
Page / section
Second Hand Car Loan table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR is published; effective ROI and fees are published separately.View source
No fee-inclusive field appears in the reviewed table.
Source
Retail Interest Rates
Page / section
Second Hand Car Loan table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeSalaried and other individual applicants: ₹3 lakh last-year income with two years' ITR/Form 16. Eligible Government/PSU pensioners need ₹25,000 monthly pension.View source
The scheme page states the applicant income thresholds.
Source
Vehicle Loan for Second Hand Car
Page / section
Eligibility; minimum annual income
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amount₹2 lakh minimum and ₹50 lakh maximum; finance is the lowest of eligible assessment, 70% of certified market/invoice value or 100% of insured declared value.View source
The official quantum row publishes amount and valuation limits.
Source
Vehicle Loan for Second Hand Car
Page / section
Eligible Loan Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureMaximum 60 months.View source
The page states maximum 60 months.
Source
Vehicle Loan for Second Hand Car
Page / section
Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing fee0.50% of loan amount, minimum ₹500; account-handling charge 0.20%, minimum ₹1,500 and maximum ₹10,500, excluding GST.View source
The current schedule publishes processing and account-handling rows separately.
Source
Service Charges
Page / section
Retail Credit rows 6 and 27
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment charge for floating-rate retail loans to individuals under the current service-charge rule.View source
The schedule states no pre-payment charge for floating-rate non-business retail loans to individuals.
Source
Service Charges
Page / section
Advances rule 12
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹2 lakh minimum and ₹50 lakh maximum loan
  • Vehicle must be no more than three years old and within 1,50,000 km
  • Maximum repayment 60 months
  • Approved manufacturer and online pre-owned channels are listed

Eligibility

  • Salaried and other individual applicants require ₹3 lakh last-year income with two years' /Form 16. Government/ pensioners need ₹25,000 monthly pension.

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

Documents the bank lists

  • Application, , income documents, valuation/dealer invoice, insurance evidence and vehicle records

Related official documents

Mahabank Vehicle Loan Scheme for Second Hand Carofficial-product-page · current · accessed 31 Aug 2026
↗
Retail Interest Rates — vehicle and rooftop-solar tablesofficial-product-page · current · accessed 31 Aug 2026
↗
Service Charges — vehicle and rooftop-solar rowsofficial-product-page · 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.

750 and above · spread+3.15%

This value is copied from Two-wheeler and pre-owned car — current -linked rates. Check the table notes before relying on it.

Source: Retail Interest Rates · Vehicle 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 · 6 rows · 3 columnsTwo-wheeler and pre-owned car — current CIBIL-linked ratesView tableHide table

Scroll sideways to view every column

Two-wheeler and pre-owned car — current CIBIL-linked rates
band spreadEffective rate
750 and above+3.15%11.20%
700–749+3.50%11.55%
650–699+4.00%12.05%
600–649+5.00%13.05%
Below 600+6.00%14.05%
-1 / 0 / 01–05+4.00%12.05%
Retail Interest Rates · Vehicle loan tables · accessed 31 Aug 2026Open official source ↗
Table 2 · 6 rows · 3 columnsRooftop Solar Loan — capacity-band termsView tableHide table

Scroll sideways to view every column

Rooftop Solar Loan — capacity-band terms
ParameterUp to 3 kWAbove 3 kW to 10 kW
IncomeNo minimum annual income₹3 lakh minimum annual income
Loan amount₹10,000–₹2 lakh₹10,000–₹10 lakh
Margin10%20%
Rate5.75% for eligible loan up to ₹2 lakh8.25%–9.05% for non-home-loan borrowers by ; home-loan rate for eligible home-loan customers
Tenure120 months including up to 6-month moratorium120 months including up to 6-month moratorium
ProcessingNil; separate ₹500 + 0.20% account-handling charge within ₹500–₹2,500Nil; same account-handling rule
Mahabank Rooftop Solar Panel Loan Scheme · Complete scheme comparison table · accessed 31 Aug 2026Open official source ↗

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