Personal Loan for Professionals at Bank of Maharashtra

	Particulars	Scheme guidelines
1	Name of the scheme	MAHA BANK PERSONAL LOAN SCHEME FOR PROFESSIONALS.
2	Type of Facility	Term Loan
3	Purpose of loan	To cater to the requirements of meeting personal expenses.
4	Eligibility	Self Employed Professional having account relationship with our Bank. *Self Employed Professionals includes Qualified and registered CAs, Doctors (Medical practitioners with minimum qualification MBBS/MD/MS/Dentist -MDS), Architects & Company Secretaries, with their own practicing.
5	Age Limit	Minimum: 21 Years Age of Borrower plus repayment period should not exceed -65- years.
6	Min Annual Income	Minimum annual Income – 3.00 Lakhs. Minimum past 2 year ITR/Form 16 is Mandatory from current employer.
7	Maximum Quantum of Finance	Rs 20.00 Lakhs.
8	Margin	Nil
9	Repayment Period	60 months
10	Rate of Interest	Click here to view the Interest Rate
11	Deduction	60% of Gross Average Annual Income of last two years.
12	Security	Nil (Clean Loan)
13	Guarantor	Not required
14	Processing Fee	1.00 % of the loan amount + GST (Min: Rs 1000/-)
15	Documentation charge	0.20% of the loan amount + GST