How to Apply for Bank of Maharashtra Personal Loan

1
How to Apply for Bank of Maharashtra Personal Loan
2
What is a personal loan?

• Personal Loan is an unsecured loan provided by
  banks and other financial institutions based on
  criteria like employment history, repayment
  capacity, income level, profession and credit
  history.
• A personal loan also known as a consumer loan.
• For more details of Personal Loan- visit Bank of
  Maharashtra personal loan page.

3
How to apply?

• Visit www.bankofmaharashtra.in
• Click on Apply online to show various loan
  options.
• Select Personal Loan and click Apply now.

4
Personal Details

• If you are an existing account holder of Mahabank
  click yes.
• Fill up your 11 digit account number or CIF
  number
• Fill up your 10 digit phone number.
• Fill up your 10 digit mobile number.
• Select the check boxes and click on send OTP.
• Enter the OTP received on your phone.

5

• Submit all the mandatory information, like name,
  address, age, etc.
• Then click on next button.

6

• Submit all the mandatory information in
  occupation window, like occupation details, work
  experience, etc. Then click on next button.

7

• Under the financial information window, submit
  income details, like monthly gross income,
  monthly deductions, monthly EMI for salaried,
  etc.
• Provide existing loan and deposit details if you
  wish to declare now.

8
Co-Applicant Details

• If user wish to apply for Loan with Co-Applicant,
  then user will Submit all the Mandatory
  information required in Co-Applicant personal
  details and click on the Next Button. If User
  wish to add multiple co-applicants, then user
  will add multiple co-applicants and finally click
  on the Next button.

9
Loan Details

• Submit all the Mandatory information required in
  Loan details and click on the Next Button.

10
Branch Selection

• Select the preferred branch/ convenient Branch by
  selecting Branch State, Branch District and click
  on the Next Button.

11
KYC Verification and Document Upload -

• Submit the available document information for
  KYC verification and click on verify button. KYC
  documents for verification are PAN / ITR /
  AADHAAR / PASSPORT. PAN and Aadhaar are mandatory
  documents. Upon completion of the verification,
  user will click on Next Button.

12
Offer

• Upon completion of all the required submission,
  user will receive the Loan Offer. User will click
  on the Apply for Loan

13
Application ID

• User will receive application ID for the
  submitted information which can be used for
  tracking the application status. Upon clicking on
  Download Offer Letter user will receive the
  offer letter for the applied loan.

14
Offer Letter

• User can Visit his selected convenient branch
  (Same is printed on the Offer letter) for further
  loan process.

15
Personal Loan Eligibility EMI Calculator

• Check your personal loan eligibility here
• Calculate EMI using Bank of Maharashtra Personal
  loan EMI calculator tool.