Bank of Maharashtra
Bank of Maharashtra Personal Loan
Data Verified
Last checked: 25 Feb 2026Best for government and corporate employees looking for the absolute lowest personal loan rate.
Instant personal loans for varied needs including medical, wedding, or travel with one of the lowest interest rates in the banking sector.
Lowest Personal Loan RateLong Tenure (7 years)Minimal DocumentationNo Hidden ChargesFast Sanction
Interest Rate
8.75%
Starts From p.a.
Max Tenure
7 Yrs
84 Months
Loan Amount
to
Up to ₹20 lakh
Expert Verdict
"Bank of Maharashtra currently disrupts the personal loan market with an 8.75% rate, which is closer to home loan rates. The 7-year tenure option is also rare in this segment. Processing is traditional but reliable. Verdict: Undisputed winner for low-interest personal finance."
Key Privileges
EligibilityAge 21-60, Confirmed employee with 2 years service
Processing Fee1.00% of loan amount
PrepaymentNil
Lock-inNone
DocumentationKYC, Latest Salary Slips, Form 16
Start Application
Applying takes less than 5 minutes. You will need your PAN card and Aadhaar details handy.
Simplified Digital KYC
Instant Approval Check
Zero Physical Documentations
By clicking apply, you will be redirected to the official bank portal. FinanceMacha may earn a commission on successful approvals.
Eligibility Summary
- Min. Credit Score700+
- Min. Income₹2.5 lakh per annum
- EmploymentSalaried/Self