Download AppWin Assured Cashback
Paisabazaar Logo - Compare loans and credit cards

Bank of Maharashtra Personal Loan

icon
Get Cashback of 1,000* on Loan Disbursal
Valid till 30th June '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Icon image of Wide Choice

Wide Choice

Curated offers from 30+ lenders

Icon image of Quick Disbursal

Quick Disbursal

Money in your account instantly

Icon image of SmartMatch

SmartMatch

Offers ranked according to eligibility

Icon image of Digital Process

Digital Process

Hassle-free & paperless

Find Best Personal Loan Offers

filter-icon

Filters

ICICI BankICICI Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
HDFC BankHDFC Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Axis BankAxis Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Kotak BankKotak Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Bajaj FinservBajaj Finserv
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
IDFC First BankIDFC First Bank
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
CholamandalamCholamandalam
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh

Bank of Maharashtra Personal Loan Highlights

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

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:

Maha Bank Personal Loan Scheme for Salaried Borrowers

Category A – For Confirmed Employees of Central Government/State Government/Public Sector Undertakings/Government Educational Institutions:

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%

Category B – For Confirmed Employees of Private or Public Ltd. Companies having external rating “A” & above

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%

Category C – For All Other Salary account holders (Confirmed Employees) whose salary is credited to Bank of Maharashtra and tie-up arrangement with the employer or irrevocable undertaking from the employer is available:

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%

Maha Bank Personal Loan Scheme for Professionals

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%

Maha Bank Personal Loan Scheme for Business Class having Home Loan with Bank of Maharashtra

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%

Other Bank of Maharashtra Personal Loan Schemes

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%

Comparison of Personal Loan Interest Rates of Various Lenders

Bank/NBFCInterest Rates (% p.a.)Processing Fees
Aditya Birla Finance10.99 onwardsUp to 4%
Axis Bank9.99 onwards*Up to 2%
Bank of Baroda10.15-18.00Up to 2% (Max. Rs. 10,000)
Bajaj Finance Limited10.00-30.00Up to 3.93%
Bank of India10.85-16.15Up to 1% (Min. Rs. 250; Max. Rs. 15,000)
Bank of Maharashtra8.75-13.55Up to 1% (Max. Rs. 10,000)
Canara Bank9.70-15.15Up to 0.5% (Max. Rs. 5000)
Central Bank of India9.85-11.65Up to 1%
Cholamandalam IFC10.00-28.004% - 6%
Dhani Loans & Services Ltd.13.99 onwards3% onwards
Federal Bank12.00 - 22.50*Up to 2%
HDB Financial Services10.00 - 35.00Up to 5.90%
HDFC Bank9.99 onwardsUp to Rs 6,500
Hero FincorpUp to 30*2.3% - 3%
HSBC Bank9.75 onwardsUp to 2%
ICICI Bank9.99 onwardsUp to 2%
IDFC FIRST Bank9.99 onwardsUp to 2%
IIFL Finance12.00 - 28.002% - 9%
Indian Overseas Bank10.25 onwardsUp to 0.75%
IndusInd Bank10.35 onwards*Up to 3.5%
Kotak Mahindra Bank9.98 onwards*Up to 5%
L&T Finance11.00 onwardsUp to 3%
Mahindra Finance8.00 - 25.002% of loan amount or Rs. 5,000, whichever is lower
Mannapuram Finance18.00 - 24.001% of loan amount
Moneyview14.00 onwards2% onwards
Muthoot Finance13.50 onwardsVaries for each application
Piramal Finance12.14 onwardsUp to 5%
Poonawalla Fincorp9.99 onwardsUp to 3%
Punjab & Sind Bank9.60-13.850.50% - 1%
Punjab National Bank10.25-16.80Up to 1%
Shriram Finance11.00 onwardsUp to 5%
Tata Capital10.99 onwardsUp to 3.5%
UCO Bank9.95 - 13.20Up to 1% (Min. Rs. 750)
Union Bank of India8.75 - 12.55Up to 1% (Max. Rs. 7,500)

*Paisabazaar special rates


Note: Rates as of 23rd June 2026

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Processing Fees & Charges

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

Types of Bank of Maharashtra Personal Loan

Maha Bank Personal Loan Scheme for All

Purpose: Regular personal loan scheme for meeting the personal requirements of salaried and self-employed professionals

Loan Amount: Up to Rs 20 lakh

Tenure:

  • For Category A applicants –
    • Salary Account with Bank of Maharashtra – 7 years
    • Salary Account with Other Bank – 5 years
  • For Category B & C – Up to 5 years
  • For Professionals – Up to 5 years

Maha Bank Personal Loan Scheme for BPCL Employees

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

Salary Gain Scheme

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:

  • For employees of Central/State Government and PSUs: 5 times monthly take-home salary subject to a maximum loan amount of Rs 5 lakh.
  • Other than employees of Central/State Government and PSUs: 3 times monthly take-home salary subject to a maximum loan amount of Rs 5 lakh.

Maha Bank Aadhar Loan Scheme

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:

  • For General Pensioners: Equivalent to 18 months pension subject to a maximum of:
    • Rs 10 lakh up to the age of 65 years
    • Rs 5 lakhs up to the age of 70 years
    • Rs 3 lakhs up to the age of 73 years
  • For Defence Pensioners: Equivalent to 36 months pension subject to a maximum of:
    • Rs 10 lakhs up to the age of 65 years
    • Rs 7 lakhs up to the age of 70 years
    • Rs 5 lakhs up to the age of 73 years
  • For Family Pensioners: Equivalent to 18 months pension subject to a maximum of:
    • Rs 4 lakhs up to the age of 65 years
    • Rs 3 lakhs up to the age of 70 years
    • Rs 2 lakhs up to the age of 73 years

Eligibility for Bank of Maharashtra Personal Loan

Maha Bank Personal Loan Scheme

  • Category A – Employees of Central/State Government/PSUs/Public or Private Limited Companies/MNCs drawing salary from Bank of Maharashtra or any other bank.
  • Category B – Salaried Employees of Private or Public Ltd. Company having external rating “A” & above and having salary account with Bank of Maharashtra or any other Bank. The applicant should have a satisfactory salary account relationship with the bank for atleast 6 months.
  • Category C – For salaried applicants whose salary is credited to the Bank of Maharashtra and tie-up arrangement with the employer or irrevocable undertaking from the employer is available.
  • Self-employed Professionals (only doctors, CAs and Architects) having their own businesses can avail a personal loan if they are banking with the Bank of Maharashtra
  • Minimum annual income: Rs 3 lakhs
  • Age criteria-
    • For Salaried applicants: 21 to 58 years at the time of sanction
    • For Self-employed applicants: 21 to 65 years

For BPCL Employees

  • All  the confirmed employees of BPCL (Bharat Petroleum Corporation Limited)- Public sector unit
  • Minimum Annual Income: Rs 3 lakh

For Salary Gain Scheme

  • Minimum age: 21 years
  • Individuals permanently employed with Central government, State government, PSUs, reputed
    corporates, public or private sector companies/MNCs
  • Minimum 1 year of work experience
  • Minimum take home salary of the applicant should be Rs 25,000

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

Documents Required for Loan Application

The following are common documents needed to avail Bank of Maharashtra Personal Loan:

  • Duly filled application form with passport-sized photographs
  • Photo Identity Proof: A copy of your Passport / Voter ID / Aadhaar Card/ Driving License, etc. (Any one)
  • Address Proof: A copy of your Electricity Bill / Ration Card / Passport, etc. (Any one)
  • Income Proof: Salary Slips, Bank Account Statement, ITR, Form 16, etc.
  • Employment Certificate: A certificate stating one year of continuous employment (for salaried applicant)
  • Any other document required by the bank

Also know Bank of Maharashtra Bank Personal Loan Documents in detail

Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

End-to-End Digital Process

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner
quotes icon

What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

icon image of avatar
Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

icon image of avatar
Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

icon image of avatar
Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

icon image of avatar
Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

icon image of avatar
DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

icon image of avatar
BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

icon image of avatar
Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

icon image of avatar
Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

icon image of avatar
Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

icon image of avatar
Puja DanuJan 22, 2026
View All Testimonials
Vandana Punj profile
Written ByLinkedIn icon
Vandana Punj
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

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%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

pl-sticky-irfan-icon

Get up to 50 Lakhs starting at 9.98%*

Scroll to top