How to Check Bank of Maharashtra Home Loan Eligibility

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How to Check Bank of Maharashtra Home Loan
Eligibility
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What is Home Loan Eligibility?

• Home loan eligibility is a set of criteria basis
  which a bank or financial institution assesses
  the creditworthiness of a customer to avail and
  repay a particular loan amount.

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Bank of Maharashtra Home Loan ElIgibility

• The general requirements to avail home loan are,
• Eligible age of borrower The minimum age limit
  to get Bank of Maharashtra home loan is 21 years
  at the commencement and maximum age limit is 60
  years.
• Work experience for salaried 1 years
• Business stability for self employed 1 years
• Loan amount stability ? 15 lakh to ? 10 cr
• Maximum loan percent of property value Up to 80

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• Maximum EMI as percent of income Up to 65
• Your net monthly income determines how much home
  loan EMI you are capable of paying after meeting
  all the living expenses.
• Nature of employment Salaried or self-employed
  individuals.
• Maximum loan amount will be the lowest of loan
  amount assessed on the basis of permissible
  deduction norms, maximum permissible LTV ratio,
  Loan amount requested.

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Check Bank of Maharashtra Home Loan Eligibility

• To check Bank of Maharashtra home loan
  eligibility,
• Visit official website www.bankofmaharashtra.in/
• Click on Personal
• From the drop down menu select loans
• Then select Maha Super Housing Loan Scheme

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• You will reach a page where you have all the
  information related to Bank of Maharashtra Home
  Loan.
• Click on Check Eligibility tab

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For more details visit Bank of Maharashtra Home
Loan page. Calculate your EMI using Home Loan EMI
Calculator.