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

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.15% Fixed
    1,000 to ₹15,000
    Max 3 years salary
    1-7 Years
    Response Time Within 30 minutes

    Bank of Maharashtra Car Loan is Rated as "Blown Away!" by 1 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 06 Dec 2016

    Bank of Maharashtra Car Loan Details
    Interest Rate 10.15%
    Processing Fees Rs.1000 to Rs.15000
    Loan Tenure 7 years
    Guarantor Requirement No Guarantor Required

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    Bank of Maharashtra Car Loan Reviews

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