Bank of Maharashtra Home Loan for Salaried Person

Bank of Maharashtra presents the 'Maha Super Housing Loan' specifically for salaried individuals. Whether you're looking for a new home, planning to purchase a plot, or intending to renovate your current property, the Bank of Maharashtra Home Loan for Salaried Persons has you covered. With competitive interest rates, flexible repayment options, and a repayment period extending up to 30 years, this loan offers convenience and affordability.

Moreover, this loan becomes even more attractive with a concession for women borrowers, zero prepayment charges, and pre-closure. It caters to various housing requirements, making it an ideal choice for salaried individuals. Let’s delve into the specifics of the Bank of Maharashtra Home Loan for Salaried Individuals.

Bank of Maharashtra Home Loan for Salaried Person – Highlights 

Let’s look at the key parameters of the Bank of Maharashtra Home Loan for Salaried Persons.

Bank of Maharashtra Home Loan for Salaried Person – Fees and Charges 

Some fees and charges associated with the Bank of Maharashtra Home Loan for Self Employed are below.

Bank of Maharashtra Home Loan for Salaried Person – Documents Required 

Here is the list of documents required for Bank of Maharashtra Home Loan for Salaried Person

• Application form duly completed and signed.
• Two passport-size photographs.
• Proof of Identification (Any one): Election ID Card, PAN Card, Aadhar Card, Driving License, Photo Identity card issued by the current Employer, Passport
• Proof of Residence (Anyone): Electricity Bill, Election ID Card, Telephone Bill (Landline), Aadhar Card, Driving License, Photo Identity card issued by the current Employer, Passport
• For Salaried Persons:
• Original/Certified copy of the latest salary slips for the past 3 months
• Copies of IT returns for the last two years duly acknowledged by the IT Department/IT assessment orders or Form 16 for the last two years from the Employer.
• Undertaking from the employer for remittance of monthly instalments, wherever feasible.
• Bank Account (Salaried Account) statement for the last 6 months (in case of other Bank)

Bank of Maharashtra Home Loan for Salaried Person – Eligibility Criteria 

The eligibility criteria for applying for the Bank of Maharashtra Home Loan for Salaried Persons are below.

• The applicants can be salaried employees, self-employed professionals, businessmen and agriculturists. 
• The applicants must have a minimum past 3 years ITR with supporting documents. 
• The applicant must be an Indian citizen.