Bank of Maharashtra home loan

Bank of Maharashtra Home Loan

BANK OF MAHARASHTRA
Bank of Maharashtra is a public sector bank which offers personal
banking, retail loans and other financial services. Their services
include deposits savings/current bank account, home loans, vehicle
loans, personal loans, retail trade finance, global banking lending to
priority sector and small scale sector foreign exchange and export
finance corporate loans and equipment loans.

What is a home loan?
Home loans are availed for
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Construction/acquiring of new or existing house/flat and
extension of existing house/flat.
Purchase of plot and construction there on.
For repairs/renovation/ alternation of existing house/flat for
new standalone borrowers.

Why Bank of Maharashtra Home Loan?
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Quick loan processing
Attractive interest rates
Customized repayment options
Simple & hassle-free documentation
Facility to apply online
Low EMI
Higher loan amount

Features of Home Loan
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Waiver of last two EMI on regular repayment
0.05% concession to women and defence personal
Maximum tenure up to 30 years/up to 75 years of age
PMAY subsidy up to Rs.2.67. Lakhs
No pre-payment/pre-closure/part payment charges
Concession in ROI for housing loan borrower in car loan and
education loan

Bank of Maharashtra Home Loan Eligibility
Maximum loan amount will be the lowest of loan amount assessed
on the basis of permissible deduction norms, maximum
permissible LTV ratio, loan amount requested.
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Check your home loan eligibility

Home Loan EMI
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Begins from the month subsequent to the month in which disbursement of loan is
done.
For under construction properties: EMI begins after the complete loan is disbursed. But
customers can choose to begin their emi’s as soon as they avail their first
disbursement.
Home loan EMI calculator

Documents Required
SALARIED
● KYC documents
● Property documents
● Latest 3 months salary slip
● Copies of last 2 year IT return
● Last 6 months bank statement
● Guarantor form
● Guarantor’s IT return
SELF EMPLOYED
● KYC documents
● Property documents
● Latest 3 years of IT return
● Past one year bank statement
● Company registration license
● Guarantor form
● Guarantor’s IT return

HOW TO APPLY?
Bank of Maharashtra offers facility to apply online
Check your home loan eligibility and apply online- Home Loans