Bank of Maharashtra car loans, customers can avail loans of up to 90% of the on-road price of the car, with flexible repayment tenures ranging from 12 to 84 months. The bank also offers competitive interest rates starting at 7.30% and up to 8.80%.
Applying for a car loan from Bank of Maharashtra is simple and can be done online through the bank's website or by visiting a branch. Customers will need to provide relevant documents such as identity proof, address proof, income proof, and details of the car they intend to purchase.
Bank of Maharashtra car loans also offer features such as prepayment options without penalty charges, balance transfer facilities, and the ability to customize the loan as per the customer's requirements. With Bank of Maharashtra car loans, customers can enjoy the convenience of owning a car while managing their finances effectively.
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1.What is the maximum loan amount I can get for a car loan from Bank of Maharashtra?
The maximum loan amount that you can get for a car loan from Bank of Maharashtra is up to 90% of the on-road price of the car. The actual loan amount that you are eligible for will depend on various factors such as your income, credit score, and repayment capacity.
2.What is the tenure for a car loan from Bank of Maharashtra?
The tenure for a car loan from Bank of Maharashtra can range from 12 months to 84 months (7 years).
3.What is the interest rate for a car loan from Bank of Maharashtra?
The interest rate for a car loan from Bank of Maharashtra can vary depending on various factors such as the type of car, loan amount, and your credit score. The interest rate typically ranges from 7.30% to 8.80%.
4.Can I prepay my car loan from Bank of Maharashtra?
Yes, you can prepay your car loan from Bank of Maharashtra without any penalty charges.
5.Can I apply for a car loan from Bank of Maharashtra online?
Yes, you can apply for a car loan from Bank of Maharashtra online through the bank's website. You will need to fill out an application form and submit the necessary documents such as identity proof, address proof, income proof, and details of the car you intend to purchase.
6.What are the documents required to apply for a car loan from Bank of Maharashtra?
The documents required to apply for a car loan from Bank of Maharashtra include identity proof, address proof, income proof, bank statements, and details of the car you intend to purchase.
7.Can I transfer my existing car loan from another bank to Bank of Maharashtra?
Yes, you can transfer your existing car loan from another bank to Bank of Maharashtra. This process is known as a balance transfer. By transferring your car loan to Bank of Maharashtra, you can enjoy lower interest rates and better terms and conditions.
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