Bank of Maharashtra Personal Loan Interest Rates
Bank of Maharashtra Personal Loan Interest Rates
| Salaried | Self-Employed | |
| Interest Rate | 1 year MCLR + 4.00% = 12.95% p.a. | Up to Rs.1.5 lakh: 1 year MCLR + 2.00% = 10.95% p.a. |
| Loan Amount | Maximum: Rs.1.50 lakh | Vary on a case to case basis, depending upon factors like assessed requirement, financial viability, repayment capacity etc. |
| Loan Tenure | Maximum: 36 months | Maximum: 60 months |
| Lowest EMI | NA | NA |
| Processing Fee | 1.00% of the loan amount subject to a minimum of Rs.1,000 + GST + Swachh Bharat Cess. | 1% of the loan for amount above Rs.25,000. Taxes additional. |
| Prepayment/Foreclosure Charges | NA | NA |
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