| Interest rate | 8.75%-13.55% p.a. |
| Loan Amount | Up to Rs 20 lakh |
| Loan Tenure | Up to 5 years For Salaried: Up to 7 years |
| Processing Fees | Up to 1% of the loan amount (Maximum Rs 15,000) |
Note: Rates as of 15th April 2026

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| Interest rate | 8.75%-13.55% p.a. |
| Loan Amount | Up to Rs 20 lakh |
| Loan Tenure | Up to 5 years For Salaried: Up to 7 years |
| Processing Fees | Up to 1% of the loan amount (Maximum Rs 15,000) |
Note: Rates as of 15th April 2026
Bank of Maharashtra Personal Loan interest rates start from 8.75% p.a. onwards. The bank offers personal loans based on the job profile and CIBIL Score of its personal loan applicants:
For Applicants having Salary Account with Bank of Maharashtra:
| CIBIL Score | Interest Rates (p.a.) |
|---|---|
| 800 and above | 8.75% |
| 776-799 | 9.05% |
| 750-775 | 9.55% |
| 681 to 749 | 10.05% |
| 680 and below | 12.05% |
| NTC or -1 or 0 | 9.75% |
For Applicants having Salary Account with Other Banks:
| CIBIL Score | Interest Rates (p.a.) |
|---|---|
| 800 and above | 9.55% |
| 776-799 | 10.05% |
| 750-775 | 10.55% |
| 681 to 749 | 11.05% |
| 680 and below | 13.05% |
| NTC or -1 or 0 | 10.80% |
For Applicants having Salary Account with Bank of Maharashtra:
| CIBIL Score | Interest Rates (p.a.) |
|---|---|
| 800 and above | 9.55% |
| 776-799 | 10.05% |
| 750-775 | 10.55% |
| 681 to 749 | 11.05% |
| 680 and below | 13.05% |
| NTC or -1 or 0 | 10.80% |
For Applicants having Salary Account with Other Banks:
| CIBIL Score | Interest Rates (p.a.) |
|---|---|
| 800 and above | 9.95% |
| 776-799 | 10.55% |
| 750-775 | 11.05% |
| 681 to 749 | 11.55% |
| 680 and below | 13.55% |
| NTC or -1 or 0 | 11.30% |
| CIBIL Score | Interest Rates (p.a.) |
|---|---|
| 800 and above | 9.95% |
| 776-799 | 10.50% |
| 750-775 | 11.00% |
| 681 to 749 | 11.50% |
| 680 and below | 13.05% |
| NTC or -1 or 0 | 11.30% |
| CIBIL Score | Interest Rates (p.a.) |
|---|---|
| 800 and above | 10.05% |
| 776-799 | 10.55% |
| 750-775 | 11.05% |
| 681 to 749 | 11.55% |
| 680 and below | 13.05% |
| NTC or -1 or 0 | 10.80% |
| CIBIL Score | Interest Rates (p.a.) |
|---|---|
| 800 and above | 10.55% |
| 776-799 | 10.80% |
| 750-775 | 11.05% |
| 681 to 749 | 11.55% |
| 680 and below | 13.05% |
| NTC or -1 or 0 | 11.30% |
| Personal Loan Scheme | Interest Rate (p.a.) |
|---|---|
| Maha Bank Personal Loan Scheme for payment of one-time Group Credit Life Insurance | 9.55% |
| Salary Gain Scheme | 11.20% |
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| Aditya Birla Finance | 10.99 onwards | Up to 4% |
| Axis Bank | 9.99 onwards* | Up to 2% |
| Bank of Baroda | 10.15-18.00 | Up to 2% (Max. Rs. 10,000) |
| Bajaj Finance Limited | 10.00-30.00 | Up to 3.93% |
| Bank of India | 10.85-16.15 | Up to 1% (Min. Rs. 250; Max. Rs. 15,000) |
| Bank of Maharashtra | 8.75-13.55 | Up to 1% (Max. Rs. 10,000) |
| Canara Bank | 9.70-15.15 | Up to 0.5% (Max. Rs. 5000) |
| Central Bank of India | 9.85-11.65 | Up to 1% |
| Cholamandalam IFC | 10.00-28.00 | 4% - 6% |
| Dhani Loans & Services Ltd. | 13.99 onwards | 3% onwards |
| Federal Bank | 12.00 - 22.50* | Up to 2% |
| HDB Financial Services | 10.00 - 35.00 | Up to 5.90% |
| HDFC Bank | 9.99 onwards | Up to Rs 6,500 |
| Hero Fincorp | Up to 30* | 2.3% - 3% |
| HSBC Bank | 9.75 onwards | Up to 2% |
| ICICI Bank | 9.99 onwards | Up to 2% |
| IDFC FIRST Bank | 9.99 onwards | Up to 2% |
| IIFL Finance | 12.00 - 28.00 | 2% - 9% |
| Indian Overseas Bank | 10.25 onwards | Up to 0.75% |
| IndusInd Bank | 10.35 onwards* | Up to 3.5% |
| Kotak Mahindra Bank | 9.98 onwards* | Up to 5% |
| L&T Finance | 11.00 onwards | Up to 3% |
| Mahindra Finance | 8.00 - 25.00 | 2% of loan amount or Rs. 5,000, whichever is lower |
| Mannapuram Finance | 18.00 - 24.00 | 1% of loan amount |
| Moneyview | 14.00 onwards | 2% onwards |
| Muthoot Finance | 13.50 onwards | Varies for each application |
| Piramal Finance | 12.14 onwards | Up to 5% |
| Poonawalla Fincorp | 9.99 onwards | Up to 3% |
| Punjab & Sind Bank | 9.60-13.85 | 0.50% - 1% |
| Punjab National Bank | 10.25-16.80 | Up to 1% |
| Shriram Finance | 11.00 onwards | Up to 5% |
| Tata Capital | 10.99 onwards | Up to 3.5% |
| UCO Bank | 9.95 - 13.20 | Up to 1% (Min. Rs. 750) |
| Union Bank of India | 8.75 - 12.55 | Up to 1% (Max. Rs. 7,500) |
*Paisabazaar special rates
Note: Rates as of 23rd June 2026
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| Processing Fees | For Maha Bank Personal Loan: 1% of the loan amount (Minimum Rs 1,000; Maximum Rs 15,000)For Maha Bank Aadhar Loan Scheme: 0.50% of the loan amount (Minimum Rs 1,000; Maximum Rs 15,000)
For Maha Bank Salary Gain Scheme: 0.50% of the loan amount (Minimum Rs 500) |
| Documentation Charges | 0.20% of the loan amount + GST |
Check the personal loan processing fee charged by top personal loan lenders
Purpose: Regular personal loan scheme for meeting the personal requirements of salaried and self-employed professionals
Loan Amount: Up to Rs 20 lakh
Tenure:
Purpose: To meet the personal requirements of all the confirmed employees of BPCL- Public Sector Unit
Loan Amount: Up to Rs 20 lakh
Tenure: Up to 7 years
Purpose: Personal loan overdraft facility to meet the day-to-day requirements of Central/State government employees, individuals employed with PSUs, reputed corporates and public or private sectors.
Loan Amount:
Purpose: To meet personal expenses such as medical expenses, marriage ceremony, general consumption, funerals, birth, religious ceremonies, etc.)
Tenure: 120 EMI, Subject to 75 years of age at loan maturity
Loan Amount:
Bank of Maharashtra may also consider the credit score and monthly income while evaluating the personal loan eligibility of its applicants, just like other personal loan lenders.
You may also check the personal loan eligibility criteria set by other personal loan lenders
The following are common documents needed to avail Bank of Maharashtra Personal Loan:
Also know Bank of Maharashtra Bank Personal Loan Documents in detail
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Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*