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Bank of Maharashtra Personal Loan

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Get up to ₹50 Lakhs starting at 9.98%

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

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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.)
Aditya Birla Finance10.99 onwards
Axis Bank9.99 onwards*
Bank of Baroda10.15-18.00
Bajaj Finance Limited10.00-30.00
Bank of India10.85-16.15
Bank of Maharashtra8.75-13.55
Canara Bank9.70-15.15
Central Bank of India9.85-11.65
Cholamandalam IFC10.00-28.00
Dhani Loans & Services Ltd.13.99 onwards
Federal Bank12.00 - 22.50*
HDB Financial Services10.00 - 35.00
HDFC Bank9.99 onwards
Hero FincorpUp to 30*
HSBC Bank9.75 onwards
ICICI Bank9.99 onwards
IDFC FIRST Bank9.99 onwards
IIFL Finance12.00 - 28.00
Indian Overseas Bank10.25 onwards
IndusInd Bank10.35 onwards*
Kotak Mahindra Bank9.98 onwards*
L&T Finance11.00 onwards
Mahindra Finance8.00 - 25.00
Mannapuram Finance18.00 - 24.00
Moneyview14.00 onwards
Muthoot Finance13.50 onwards
Piramal Finance12.14 onwards
Poonawalla Fincorp9.99 onwards
Punjab & Sind Bank9.60-13.85
Punjab National Bank10.25-16.80
Shriram Finance11.00 onwards
Tata Capital10.99 onwards
UCO Bank9.95 - 13.20
Union Bank of India8.75 - 12.55
Note: Rates as of 1st May 2026

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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

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
All Your Needs

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What our customers say

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.

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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.

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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.

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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

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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.

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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.

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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

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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.

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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.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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