Bank of Maharashtra Loans

Bank of Maharasthra Loans can offer everything that a borrower needs. Starting from your child’s education to buying a home, the bank has a wide variety of loan and credit products. These loans are available at competitive rates and terms from all branches of the bank throughout India.

About Bank of Maharashtra Loans

Bank of Maharashtra offers a range of loan products for a diverse range of customers. The comprehensive range of loan products offered by Bank of Maharashtra is listed below:

Education loans

Education loans available from Bank of Maharashtra are offered for higher education in India and overseas countries. The maximum amount that is available in India is Rs.10.00 lakhs and overseas is Rs. 20.00 lakhs.

Agriculture loans

The agriculture loans offered by Bank of Maharashtra can be categorized into the following types:

• Mahabank Kisan Credit Card
• Minor Irrigation for Agriculturists
• Farm Mechanisation for Agriculturists
• Animal Husbandry
• Horticulture
• Scheme for financing establishment of Agri-Business Centres and Agri-Clinics for Agriculture Graduates
• Scheme for Financing Farmers for Land Purchase
• Scheme for Financing Two Wheelers to Farmers
• Consumer Loans to Farmers
• Hi-tech Projects

For Corporates

1) Funded Facilities

• Term Loans
• Cash Credit
• Bill Discounting

2) Non funded Facilities

Working capital finance is available both for exporters and importers. There are letter of credit facilities and letter of guarantor facilities as well.

For Entrepreneurs

• Working capital through funded Cash Credit limit.
• Term Loan for acquiring/purchase of equipment and fixed assets.
• Non fund facilities as Letters of Guarantee/Letters of Credit.

Industrial projects are financed through the schemes of Bank of Maharashtra and Other Government Sponsored Schemes (GSS) and National Equity Fund Schemes (NFE).

For Exporters

For Individuals

Bank of Maharashtra offers loans against deposits under these schemes.

For Professionals

The loans are available for the following purposes:

• For buying machinery
• Overhaul/maintenance to existing machinery
• Buying tools
• Working capital necessities
• Buying/maintaining business properties.

Housing finance scheme

These loans are available for the following purposes:

• Constructing your own home
• Buying a new flat/house (New or Old)
• Revamp/maintenance of existing house

Mahabank Adhar Scheme

These loans are meant for meeting personal expenditures. Only pension holders are eligible for these loans.

Mahabank Gold Card Scheme for Exporters

Mahabank Renewable Energy Equipments

Mahabank Salary Gain Scheme

Mahabank Vehicle Loan Scheme

These loan schemes are offered to buy both 4 wheelers and 2 wheelers (old and new).

Personal Loans

Bank of Maharashtra offers personal loans to fulfill personal requirements of the borrowers.

Mahadeep Solar Home Systems

Mahabank Consumer Loan Scheme

Mahabank Consumer Loan Scheme is available for financing consumer durables/personal computer purchases. Permanent salaried individuals and professionals who are Income Tax assessees are eligible for these loans.