All You Need to Know About Bank of Maharashtra Personal Loan

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All You Need to Know About Bank of Maharashtra
Personal Loan
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What is Personal Loan?

• A personal loan is a type of unsecured loan
  borrowed from bank or other financial
  institutions to meet the larger expense of
  customers.

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Benefits of Availing Personal Loan

• A personal loan can be used for any personal
  purposes such as,
• Home renovation
• Wedding
• Medical emergencies
• Travelling
• Debt repayments
• Bill repayments

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Bank of Maharashtra Personal Loan Features and
Benefits

• Low EMI
• Higher loan amount
• Simplified disbursement
• Minimal documentation
• Lowest processing fee
• No hidden charges
• No prepayment penalty

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Bank of Maharashtra Personal Loan Features and
Benefits

• Processing fee 1.00 of the loan amount GST
• Loan amount is 20 times of Gross Monthly Income,
  maximum Rs. 20.00 lakhs
• Repayment period up to 7 years for salaried and 5
  years for others
• Minimum annual income - 3.00 lakhs
• One guarantor acceptable to the bank

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Bank of Maharashtra Personal Loan Eligibility

• Your personal loan eligibility depends on various
  factors including, your age, monthly income, and
  type of employment, etc.
• To check your Bank of Maharashtra personal loan
  eligibility,
• Visit official website www.bankofmaharashtra.in/

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For more details and to apply online visit Bank
of Maharashtra personal loans page. Check
personal loan EMI calculator.