Bank of Maharashtra Personal Loan [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]

By | October 31, 2023


 About Bank of Maharashtra: Bank of Maharashtra is one of the many nationalized major banks owned by the Ministry of Finance, Government of India. It is most densely active in the state of Maharashtra and has several branches. Last fiscal year (2020-21), the bank reportedly served up to 15 million customers across the United States.

Bank of Maharashtra and its subsidiary Maharashtra Executor and Trustee Private Company. GmbH. The asset management arm is one of the top profitable government banks in India.

Bank of Maharashtra is one of the oldest banks in India and has successfully developed its expertise over the years. The Bank offers a wide range of products to its customers, including consumer banking, corporate banking, investment banking and private banking.

Bank services also include financial and insurance services. Credit cards, home loans and savings are also products offered by Bank of Maharashtra. A unique and important product offered by this bank is asset management and wealth management.

Apart from all the general products offered by Bank of Maharashtra, many additional products are also offered. These include PPF schemes, insurance and stock trading services. Moreover, schemes like Senior Citizens Savings Scheme, Sukanya Samriddhi Yojana, Atal Pension Yojana, Sovereign Gold Loan Scheme are very popular among customers across the country.

Head Office: Bank of Maharashtra has its head office in Pune since its establishment in 1935. 1501, Lokmangal, Shivajinagar, Pune, India is the official registered address of our head office.

Number of Employees: 4,444: As per 2020 statistics, Bank of Maharashtra employs 13,048 employees across all its branches. Mr. A.S. Rajeev has been the MD and CEO since 2018, while Mr. Hemant Kumar Tamta and Mr. A.B. Vijayakumar are Managing Directors of Bank of Maharashtra. Number of branches and ATMs: 4,444: As of last fiscal year, Bank of Maharashtra has his 2,001 branches across India with 13,048 employees actively working to provide a comprehensive banking experience to customers. Masu. Further, the bank, which serves a huge customer base of 15 million customers, reported a total business volume of nearly Rs 2,600 crore in 2020.

Interest Rate: 9.45% per annum

Loan Amount: Up to Rs 2 Million

Maximum Term: 84 Months

Processing Fee: 1.00% of Loan Amount (Minimum: Rs 1000/-)

Upfront Fee: Zero

Minimum Monthly Salary/Annual Business Income : Depends on loan amount requirements

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