Bank of Maharashtra Personal Loans

BOM Personal Loan

4
Processing Fee
1

Tenure
1 - 3 Years

Description:

Do I need a guarantor or co-applicant for personal loan?

Yes, one guarantor is mandatory to avail Mahabank Personal Loan.

 

Is there any concession offered on Mahabank Personal Loan?

Yes, a 1% concession on applicable interest rate is offered to existing Housing Loan Borrowers / Corporate Salary account Holders.

 

How do I repay my loan?

Personal Loan availed from Bank of Maharashtra can be repaid in EMI (Equated Monthly Installments), where Monthly EMI should not exceed 60% of the Gross Income of the borrower including Proposed EMI.