| Interest rate | 9.75% - 15.00% |
| Loan amount | Up to Rs. 20 lakh |
| Loan tenure | Up to 7 years |
| Processing fee | 1% (Rs. 1,000 - Rs. 10,000) |
| Foreclosure charges | NIL |
| Loan type | Unsecured |
Bank of Maharashtra Marriage Loan

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Bank of Maharashtra Marriage Loan Highlights
Bank of Maharashtra Marriage Loan Overview
Bank of Maharashtra Marriage Loan Interest Rate
Bank of Maharashtra marriage loan interest rates range between 9.75% and 15.00% p.a. The bank sets its personal loan interest rates depending on the credit score, job profile, employer’s profile, EMI/NMI ratio, monthly income, etc. of its personal loan applicants.
Does Bank of Maharashtra Offer a Separate Marriage Loan?
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Bank of Maharashtra Marriage Loan Eligibility Criteria
Below-mentioned is the eligibility criteria for Bank of Maharashtra marriage loan:
Prospective borrowers can use Paisabazaar’s Personal Loan Eligibility Calculator to assess their eligibility even before a loan application.
Bank of Maharashtra Marriage Loan EMI Calculator
An EMI calculator helps in evaluating the total EMIs and interest cost payable throughout the loan tenure. Enter the loan amount, interest rate and loan tenure in the EMI calculator and get the results instantly. An EMI calculator helps applicants to assess their loan affordability and make informed decisions. The tool is quick, accurate, online and easily accessible 24*7 from anywhere.
Documents Required During Loan Application
Here is a list of basic documents required for Bank of Maharashtra personal loan for marriage:
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FAQs
Does Bank of Maharashtra offer a special marriage loan scheme?
No, Bank of Maharashtra does not offer a special marriage loan scheme. Prospective borrowers can avail regular personal loans from Bank of Maharashtra for wedding-related expenses.
What is the maximum loan amount available?
Eligible applicants can avail a maximum loan amount of Rs. 20 lakh depending on their repayment capacity and EMI/NMI ratio.
What is the credit score required for availing Bank of Maharashtra marriage loan?
Bank of Maharashtra has not specified the credit score required for availing marriage loans. However, applicants having a credit score of 760 and above usually have higher chances of getting their loans approved.
Can I prepay Bank of Maharashtra marriage loan?
Yes, you can prepay the Bank of Maharashtra marriage loan without paying any foreclosure charges.
Can self-employed individuals apply for Bank of Maharashtra marriage loan?
Yes, self-employed individuals can apply for Bank of Maharashtra marriage loan.
Who can apply for Bank of Maharashtra Marriage Loan?
Individuals between 21 and 58 years of age and having their salary accounts with the bank can apply for Bank of Maharashtra marriage loan. Self-employed individuals can also avail marriage loans from Bank of Maharashtra.
What is the interest rate of Bank of Maharashtra Marriage Loan?
Bank of Maharashtra marriage loan interest rates start from 9.75% p.a. depending on the credit profile of the applicants.
How much is the EMI for Rs. 5 lakh wedding loan at 9.75% p.a. for 5 years?
The EMI for Rs. 5 lakh wedding loan at 9.75% p.a. for 5 years would be Rs. 10,562.
How to calculate Bank of Maharashtra Marriage Loan EMI?
You can calculate the Bank of Maharashtra marriage loan EMI by entering the interest rate, loan amount and loan tenure in Paisabazaar’s Personal Loan EMI calculator.
Personal Loan Articles
View All ArticlesPaisabazaar 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 9.99%*
Get up to ₹50 Lakhs starting at 9.99%*







