If you take out a loan for renovation and maintenance purposes, the BPLR will be 3.00% i.e. 9.25% per annum.
The table given below will help you know about the processing fees charged by Bank of Maharashtra on its various loan products:
|Loan amount of up to Rs.5.00 lakhs
|Loan amount of more than Rs.5.00 lakhs and up to Rs.15.00 lakhs -
|Loan amount of more than Rs.15.00 lakhs
Margin: The margin for Bank of Maharashtra home loans is 25%.
If you close the account from your own funds, you will not be asked to pay any prepayment penalty. Nonetheless, if your loan is taken over by any other financial institution or bank, then a prepayment penalty of 2% will be imposed on the balance due and collected prior to issuing the documents/charge.
About Bank of Maharashtra
Bank of Maharashtra was established in 1935. The branch network of the bank consists of 1433 branches covering 22 states and 2 union territories in India. Among its branches, 831 branches have migrated to core banking system (CBS). The ATM Network of Bank of Maharashtra comprises 345 ATMs. The bank has also launched 11 Biometric ATMs.
The Debit/ATM card customer base of the bank has surpassed 10 lakhs. The bank is currently one of the highest profit making public sector commercial banks in India.
Contact Details of Bank of Maharashtra
Bank of Maharashtra
1501, Shivajinagar, Pune - 411005
Telephone Numbers: 020 - 25532731, 733, 734, 735, 736
020 - 25532728
020 - 25514501 - 12
020 - 25513781