If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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Bank of Maharashtra Car Loan

Avail a car loan from the Bank of Maharashtra and get handsome interest rates and attractive repayment tenures. Check your eligibility, calculate your EMI, and get the best offers on a car loan from Bank of India today! Check Bankbazaar’s website today

We found 1 Bank of Maharashtra Car Loan
Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
8.95% Fixed
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7 Years
Response Time : Within 30 minutes
What you'll love
Documents
Perks
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Eligibility Criteria
Bank of Maharashtra Car Loan is Rated as "Blown Away!" by 2 Users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

Car Loan BYTES FROM OUR KITCHEN

Bank of Maharashtra is a major bank of Maharashtra, India, registered on 16 September 1935 with an authorised capital of ? 1 million. It began business on 8 February 1936. The bank's financial assistance to small units has given birth to many of today's industrial houses. After nationalisation in 1969, the bank expanded rapidly. The bank has the largest network of branches by any public sector bank in the state of Maharashtra. All you have to do is to follow some simple steps to get attractive deals.


You’re probably eligible for an Bank of Maharashtra Car Loan if you are

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Bank of Maharashtra Car Loan Minimum Age

At least 18 years old

Bank of Maharashtra Car Loan Maximum Age

Less than 70 years old

Bank of Maharashtra Car Loan Eligible Employment Type

Salaried or self-employed
with regular income

Bank of Maharashtra Car Loan Minimum Income

Earn more than the minimum
income required


Your Bank of Maharashtra Car Loan amount eligibility is based on these factors

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Bank of Maharashtra Car Loan Minimum Salary

Minimum income required
Rs.3,00,000 per annum

Bank of Maharashtra Car Loan Maximum Loan to Value

Loan capped @
85% of the ex-showroom price

Bank of Maharashtra Car Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible Bank of Maharashtra Car Loan amount by these steps

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Bank of Maharashtra Car Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

Bank of Maharashtra Car Loan Maximum Tenure

Choose longer tenure loan up to 7 years


Documentation needed to apply for an Bank of Maharashtra Car Loan

  • 1. Signed application form with photograph
  • 2. Photo ID and age proof
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary – slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:

    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Bank of Maharashtra Car Loan Interest RatesUpdated on 19 Dec 2018

Bank of Maharashtra Car Loan Details
Interest Rate 8.95%
Loan Tenure 7 years
Guarantor Requirement No Guarantor Required

Apply for Car Loan Online

Bank of Maharashtra Car Loan Reviews

  • Bank of Maharashtra Car Loan
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I received a excellent response from bank of Maharashtra after I had applied for a car loan. The bank also offered me a good deal on the rate of interest. I got a deal of around 9% and they charge me any processing fee. The process was completed on time and in all no issues.
    Was this review helpful? 3
    , solapur
    Reviewed on Jul 07, 2017
  • Bank of Maharashtra Car Loan
    "They took very less time"
    0.5 5.0/5 "Blown Away!"
    I have closed down this Bank of Maharashtra car loan .Everything was fine they took very less time to provide the loan. They were very co operative nothing special . I was holding this car loan for a period of 3 years . They did not ask for any surety it was offered based up on company and I did not get any corporate discounts on the interest rate.
    Was this review helpful? 8
    , pune
    Reviewed on Oct 17, 2015
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