Loan Details

Bank of Maharashtra - Mahabank Personal Loan

General
Institution name:

Product Name:

Mahabank Personal Loan

Purpose:

Resident

Loan Details
Loan Type:

Personal Loan

Amount Requested:

Rs.100,000

Loan Term:

36 months

EMI:

Rs.3,430

Total Interest:

Rs.23,477

Total to Repay:

Rs.123,477

Loan Payment Schedule

Interest Rates
Interest Rate:

14.25%

Eligibility

Eligibility Notes:

Salaried persons, professionals, business persons having minimum income of Rs 1 lac p.a.

For salaried people -minimum 3 years in employment and minimum 2 years in the current organization

For others at least 3 years

Quantum of Loan

For salaried persons 10 times net monthly salary

For professional or business person 50% of average annual income based on the I.T. Returned for the past three years

Maximum Age:

60 years

Other Loan Features
Loan Amount:

Rs.5,000 to Rs.200,000

Duration:

1 to 36 months

Security:

Loan to be guaranteed by one acceptable guarantor

General:

Loan Purpose

To meet any personal expenses for purposes such as medical, travel, income tax liability etc

Fees
Processing Fees:

1% Minimum Rs 500

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All rates and product information on this website are updated on a regular basis. Last update made 01 Sep 2010.

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