Bank of Maharashtra Gold Loan [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]



Bank of Maharashtra Car Loan

About Bank of Maharashtra : Bank of Maharashtra is one of the many prominent nationalized banks owned by the Ministry of Finance under the Government of India. It is most densely functioning in the state of Maharashtra, with multiple branches. As per the last fiscal year (2020-21), the bank reportedly serves as many as 15 million customers across the nation. 

Bank of Maharashtra, along with its subsidiaries such as The Maharashtra Executor and Trustee Company Pvt. Ltd. and Asset Management Arm, is one of the highest revenue-generating government banks in India. 

The Bank of Maharashtra is one of the oldest banks in India and has developed its prowess successfully over the years. The bank serves its customers with a wide range of products, including consumer banking, corporate banking, investment banking, and private banking. 
Additionally, finance and insurance facilities are also services provided by the bank. Credit cards, mortgage loans, and savings are also products that are made available by the Bank of Maharashtra. The unique and important products that are facilitated by the bank are asset management and wealth management.

Apart from all the general products offered by the Bank of Maharashtra, there are many ancillary products offered too. These include PPF schemes, insurances, and equity trading services. Moreover, the plans such as the Senior Citizens Savings Scheme, Sukanya Samriddhi Yojana, Atal Pension Yojana, and Sovereign Gold Loan Schemes have been highly opted for by customers throughout the nation.

Headquarter: The Bank of Maharashtra has had its headquarters in Pune since its inception of the bank in 1935. 1501, Lokmangal, Shivajinagar, Pune, India, is the officially registered address of the headquarters.

Number of employees: As per the statistics of 2020, there were 13,048 employees working across all branches of the Bank of Maharashtra. A.S Rajeev has been the MD and CEO since 2018, while Hemant Kumar Tamta and A.B. Vijayakumar are the Executive Directors of the Bank of Maharashtra.

Number of Branches & ATM: As of the last fiscal year, the Bank of Maharashtra has 2001 branches pan-India with 13,048 employees actively working to provide the customers with a holistic banking experience. Moreover, serving its huge customer base of 15 million customers, the bank has reported a total business of almost 2.6 lakh crores in the year 2020.

Rate of Interest : 7.10% Per Annum

Loan Amount : Up to Rs.20 lakh

Maximum Tenure : Up To 21 Months

Processing Fee : 1.00% of the Loan Amount

Prepayment Facility : Nil

लोन के लिए अप्लाई करे Loan Application Form