Planning to have a destination wedding or a grand celebration? Bank of Maharashtra Marriage Loan is an ideal choice to make to manage various wedding related expenses. Offering you a loan amount of upto Rs. 10 lakh, Bank of Maharashtra allows you to repay the loan maximum by 60 months. In order to avail Bank of Maharashtra Marriage Loan, purpose of loan has to be specified along with an undertaking stating that loan will not be used for any speculative purpose whatever including speculation on real estate and equity shares.
Interest Rates
| CIBIL Score | Interest Rate |
| 750 or above | 10.85% |
| 650 to 749 | 11.35% |
| 600 to 649 | 11.85% |
| (-1) or (o) and 1 to 5 | 11.85% |
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Eligibility Criteria
- You should be a confirmed employee of Central/State Government, Reputed PSUs/ Joint Stock Companies, Govt. & Govt aided Educational Institutions and Reputed Corporates/Public or Private Limited Companies/MNCs
- You should be at least 21 years old and your maximum age at the time of loan maturity should be 60 years
- Your minimum annual income should be at least 3 lakh
- You should maintain a salary account with the branch along with an undertaking letter from the employer not to shift the salary account to other bank without obtaining prior clearance from the advancing branch
- In case of new relationship, minimum 3 months’ salary should have been received regularly and credited to salary account of the party
Documents Required
- Identity proof: Aadhaar Card, Photo Pan Card, Passport, Driving License, Voter ID Card, Photo Ration Card
- Address proof: Passport, Telephone Bill, Ration Card, Electricity Bill, Life/Medical Insurance Policy, Driving License, Rental Agreement, Apartment Allotment Letter.
- Salary proof: Bank account statements, salary slips, minimum past 2 years ITR/Form 16.
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan at Attractive Interest Rates Apply Now
FAQs
Q. How much loan amount can I avail from Bank of Maharashtra?
| Gross Annual Income Range | Maximum Loan |
| Rs. 3 lakh to Rs. 7.50 lakh | Rs. 5 lakh |
| Rs. 7.50 lakh to Rs. 10 lakh | Rs. 7.50 lakh |
| Above Rs. 10 lakh | Rs. 10 lakh |
Q. What is the processing fee of Bank of Maharashtra Marriage Loan?
The processing fee is 1.00 % of the loan amount + GST (Min: Rs 1000/-)
Q. How do I get in touch with Bank of Maharashtra?
- You can call on toll- free numbers 1800-233-4526 / 1800-102-2636
- You can visit the head office at Lokmangal, 1501, Shivajinagar Pune-411005