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 typeSalary-linked overdraft for day-to-day personal needs.View source
The official table identifies the facility as an overdraft for day-to-day needs.
- Source
- Salary Gain Scheme
- Page / section
- Purpose; facility
- Accessed
- 31 Aug 2026
- Confidence
- high
Rate11.20% p.a. effective rate on the current retail-rate table.View source
The current table publishes + 3.15% = 11.20%.
- Source
- Retail Interest Rates
- Page / section
- Maha Bank Salary Gain Scheme
- Accessed
- 31 Aug 2026
- Confidence
- high
BenchmarkRLLR + 3.15%; effective rate 11.20% at review.View source
The table prints benchmark, spread and effective rate.
- Source
- Retail Interest Rates
- Page / section
- Salary Gain table
- Accessed
- 31 Aug 2026
- Confidence
- high
APRNot published; the official pages provide the RLLR-linked rate and annual facility fee but no combined APR.View source
No fee-inclusive is shown on the scheme or current rate page.
- Source
- Salary Gain Scheme
- Page / section
- and processing fee
- Accessed
- 31 Aug 2026
- Confidence
- high
Minimum incomeMinimum take-home salary ₹25,000 per month for both published employee categories.View source
Both category columns state ₹25,000 per month.
- Source
- Salary Gain Scheme
- Page / section
- Minimum Take home salary
- Accessed
- 31 Aug 2026
- Confidence
- high
Maximum amountGovernment/
The official comparison table publishes the salary multiples and common cap.
- Source
- Salary Gain Scheme
- Page / section
- Amount of
- Accessed
- 31 Aug 2026
- Confidence
- high
TenureNo fixed month/
The page gives the retirement-entry rule but no universal term.
- Source
- Salary Gain Scheme
- Page / section
- Age; facility
- Accessed
- 31 Aug 2026
- Confidence
- high
Processing fee0.50% of overdraft amount per annum, minimum ₹500 per annum. Current account-handling charge is 0.20% of loan amount, minimum ₹1,200 and maximum ₹10,200, excluding GST.View source
The scheme page gives the annual fee and current fee schedule gives account-handling charges.
- Source
- Salary Gain Scheme and Service Charges
- Page / section
- Processing Fee; service-charge row 33
- Accessed
- 31 Aug 2026
- Confidence
- high
Prepayment / foreclosureNo separate foreclosure charge is published for this revolving overdraft; the published fee is charged annually on the OD amount.View source
The page lists annual fee and no separate foreclosure charge.
- Source
- Salary Gain Scheme
- Page / section
- Complete scheme table
- Accessed
- 31 Aug 2026
- Confidence
- high
Benefits and features
- Overdraft up to ₹5 lakh
- Five times take-home salary for Government/
State/ employees - Three times take-home salary for other eligible employees
- -linked effective rate 11.20% on the current table
Eligibility
- Applicant must be at least 21, permanently employed for at least one year and enter no later than three years before retirement. Minimum take-home salary ₹25,000 per month. Eligible private/
public company employer requires current A-or-better external rating where specified.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- , salary and employment/service proof, employer/rating evidence where applicable, bank statements and overdraft application
Related official documents
Retail Interest Rates — Salary Gain and LAD reviewofficial-product-page · current · accessed 31 Aug 2026
↗Mahabank Salary Gain Schemeofficial-product-page · current · accessed 31 Aug 2026
↗Service Charges — Salary Gain and Loan Against Own Depositofficial-product-page · current · accessed 31 Aug 2026
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