How to Apply for Bank of Maharashtra Vehicle Loan

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How to Apply for Bank of Maharashtra Vehicle Loan
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What is Vehicle Loan?

• A vehicle loan is a loan taken by borrowers to
  purchase a new or used private or commercial
  vehicle. These are secured loans where the
  vehicle itself is used as a collateral. If you
  have a good credit score lender will offer low
  vehicle loan rates.

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How to Apply?

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

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Personal Details

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

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

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Occupation Details

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

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Financial Information

• Under the financial information window, submit
  financial information such as income details,
  like monthly gross income, monthly deductions,
  monthly EMI for salaried, etc.

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Co-Applicant Details

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

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Loan Details

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

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Branch Selection

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

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KYC Verification and Document Upload

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

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Offer

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

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Applicant ID

• User will receive application ID for the
  submitted information which can be used for
  tracking the application status of home loan.

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Offer Letter

• Upon clicking on Download Offer Letter user
  will receive the offer letter for the applied
  home loan.

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Calculate your EMI using vehicle loan
calculator. Apply for Bank of Maharashtra
commercial vehicle loan here.