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ValueHigh
VerdictTop Tier
VerifiedYes
Rating4.8/5
124 verified reviews
Executive Summary: The Bank of Maharashtra Personal Loan by Bank of Maharashtra is a premium offering featuring 10.25% interest rates. Key benefits include Lowest Personal Loan Rate, Long Tenure (7 years). Most suitable for users seeking Best for government and corporate...
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
10.25%
Starts From p.a.
Max Tenure
7 Yrs
84 Months
Loan Amount
to
Up to ₹20 lakh
Value Calculator
AI Powered
₹25,000
MinMax
12
Calculations are indicative based on the product's headline rates. Actual benefits may vary based on spend categories and credit profile.
Monthly EMI
₹2,201
Total interest: ₹1,410
Expert Verdict
"Bank of Maharashtra currently disrupts the personal loan market with a starting rate from 10.25% p.a., which is highly competitive for the personal finance category. 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. CreditBro may earn a commission on successful approvals.
Eligibility Summary
- Min. Credit Score700+
- Min. Income₹2.5 lakh per annum
- EmploymentSalaried/Self