All You Need to Know About Bank of Maharashtra Vehicle Loan

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All You Need to Know About Bank of Maharashtra
Vehicle Loan
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What is a Vehicle Loan?

• Vehicle Loan Meaning
• Vehicle loan is a financial assistance taken to
  purchase a car with minimal initial payment from
  your pocket. A vehicle loan is repaid with
  interest through Equated Monthly Installments.

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Bank of Maharashtra Car Loan Features Benefits

• Low EMI
• Higher loan amount
• Simplified disbursement
• Minimal documentation
• Lowest processing fee
• No hidden charges
• No prepayment penalty

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Bank of Maharashtra Car Loan Features Benefits

• 0.25 concession in ROI for corporate salary
  account holder and existing housing loan
  borrower.
• Interest charged on daily reducing balance.
• Maximum funding 90.
• No pre-payment/pre-closer/part payment charges.
• Quick turnaround time.
• Know more about Bank of Maharashtra Vehicle Loan

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Bank of Maharashtra Commercial Vehicle Loan

• Bank of Maharashtra offers Commercial vehicle
  loan to self employed individuals, trusts,
  organizations, partnership firms, etc to purchase
  of vehicles for commercial or business purposes.
• For term loan, purchase of commercial vehicles,
  loan quantum up to Rs 2.00 crore.
• Security Hypothecation of vehicle loan
  purchased.
• CGTMSE cover available for loan up to Rs. 2.00
  crore.
• Minimum 15 margin.
• Repayment period up to 7 years including
  moratorium period

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Bank of Maharashtra Commercial Vehicle Loan
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Bank of Maharashtra Two Wheeler Vehicle Loan

• The two wheeler vehicle loan makes buying a bike
  or scooter easier. Bank of Maharashtra provides
  Rs. 5 lakh eligible loan amount for two wheeler
  with a maximum tenure of 60 months.

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Bank of Maharashtra Vehicle Loan Interest Rate

• Vehicle loan interest rate
• Maha Super Car Loan Scheme 6.8. P.A.
• For partnership firms/companies 8.2. P.A.
• Two wheeler vehicle loan 10.8. P.A.

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For more details visit official website
www.bankofmaharashtra.in/ Calculate EMI using
Vehicle Loan EMI Calculator