Bank of Maharashtra Maha Super Car Loan Scheme

Bank of Maharashtra Maha Super Car Loan Scheme
Bank of Maharashtra's Maha Super Car Loan Scheme is aimed at providing financial support to users who are either permanent employees of central or state government or are corporate salary account holders or are employees of PSU or are working with a renowned company with at least 1 year of experience with the current organization. Users who are retired can also avail of this loan facility considering their pension amount is a minimum of Rs 25000 per month. Along with this, the Maha Super Car Loan Scheme can also be availed of by business and self-employed professionals, independent entrepreneurs, and corporate clients.

Minimum annual income
Users
Minimum annual income
Salaried employees or pensioners


Rs 3,00,000 + last 2 years ITR or Form 16
Business professionals


Rs 4,00,000 + last 2 years ITR with supporting documents
Users engaged in agricultural activities
Rs 4,00,000
Corporate clients
Rs 4,00,000 + last 2 years ITR

Along with this, the Bank of Maharashtra offers different quantum of finance to different kinds of users. Take a look:

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  • Salaried users or pensioners can raise an amount of up to 36 times of their net monthly salary or pension depending on the last drawn pension or salary.
  • Corporate clients, on the other hand, can avail of a loan amount of up to Rs 100,00,000 or up to 3 times of average annual income depending on 2 years ITRs or gross taxable income as per the ITR (latest).
  • Along with this, other users can avail of this car loan without any upper limit.

To know about interest rates associated with this car loan scheme, users can visit https://115.249.145.115:1201/advances.

How to apply for Maha Super Car Loan Scheme?

  • Users can always pay a visit to a branch of Bank of Maharashtra so as to apply for Maha Super Car Loan Scheme.
  • The bank executive will offer users an application form along with the required list of essential documents.
  • Users have to fill up the application form properly and attach a photograph before submission.
  • Once users submit the filled application form along with the required documents, the bank agent will five a request number.
  • Users can utilize this request or reference number to check the status of their application.
  • As soon as the documents are verified and accepted, the loan amount will be credited to the users' accounts.
  • Along with this, users can also apply for the car loan using the internet banking feature.

The list of documents that are required for this loan scheme is given at this link
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