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Bank of Maharashtra Personal Loan EMI Calculator December 2018

(Updated on 04.12.2018) Bank of Maharashtra Personal Loan EMI Calculator December 2018 – Personal Loans are always the best option to opt for, it makes life convenient to meet any unexpected expenses, be it a short-term or long-term financial needs. As there is no restrictions on the end use of personal loan, loan amount can be used for such as personal financial emergencies, any fancy spending free, meeting your daughter’s wedding, home renovation and home extension expenses and to meet any other high expenses. Bank of Maharashtra Personal Loan is one the best-in-class personal which comes with several benefits and features to meet all your personal requirements at any point of time.

  • Loan can be availed for any personal requirements, viz. Medical expenses, Tour/Travel expenses, Funding for education, income Tax Liability, etc.

  • Loan can be availed by salaried individuals only.

  • Attractive rate of interest of 15.15% .

  • Existing housing loan borrowers/ corporate salary account holders can avail a discount of 1% on applicable interest rates.

  • Loan tenure of 36 months.

  • Minimum processing fee of 1% of the loan amount subject to Rs. 1000.

  • Bank accepts one guarantor.

  • Maximum loan amount 1.5 lakhs. No prepayment charges.

  • Personal loan margin is nil.

Bank of Maharashtra – QUICK, EASY & INSTANT APPROVAL ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

How to use Personal Loan EMI calculator?

Bank of Maharashtra personal loan EMI calculator is the easy tool to use. Personal Loan EMI calculator helps you to assess whether you will be able to repay back your loan amount or not. You just need to enter the desired personal loan amount, the loan tenure in months, and the interest rate (current interest rates). The EMI calculator will automatically calculate your total payable amount of the loan taken including interest rates, your monthly payment and also the total payable interest. Steps to follow:

Step 1: Enter the loan amount. For e.g. Rs. 1,00,000/-

Step 2: Enter the interest rate (current interest rate). For e.g.: 15.15%

Step 3: Enter the loan tenure in months, i.e. for how many months you want to avail the loan. For e.g. 36 months.

The moment you click the ‘calculate’ button you will get all the details at one place. You will come to know your monthly EMI, total amount with interest, flat interest rate per annum, flat interest rate per month, total interest amount and Yearly interest amount. This will help you to take the right decision at right point of time to avail a perfect and comfortable personal.

What is Personal Loan EMI?

EMI is the short form of ‘Equated Monthly Installment’. EMI is the total amount which is payable per month at the bank on the loan amount availed by you. EMI is payable every month untill unless you fully repay your loan amount. EMI is consists of a portion of the principal loan amount and the interest due on the loan. EMI depends on the principal loan amount, personal loan interest rate and tenure of personal loan.

Bank of Maharashtra Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Bank of Maharashtra Personal Loan EMI Calculator- EMI Chart

Bank of Maharashtra Personal Loan at the lowest EMI of Rs.3,474. Compare and get the preferred personal loan at your earliest.

Loan Amount(Rs)

Loan Tenure(Yrs)

Interest Rate(p.a.)

Monthly EMI(Rs)

Total Int Outgo(Rs)

Total Amount(Rs))

1,00,000

1

15.15%

9,033

8,395

1,08,395

1,00,000

2

15.15%

4,856

16,539

1.16,539

1,00,000

3

15.15%

3,474

25,060

1,25,060

Bank Of Maharashtra Personal Loan FAQs

1) Am i eligible for Bank of Maharashtra Personal Loan?

Bank of Maharashtra offers personal loan to salaried individuals of existing Housing Loan Borrowers/Corporate Salary Account holders with minimum 2 years in job and 1 year in the current organization.

2) What is the age limit to apply for personal loan from BOM?

The applicant’s age should be of 21 years at the time of application and the maximum age should be of 60 years at the time of loan maturity.

3) What is the quantum of personal loan amount?

Every borrower can avail a maximum loan amount is of 1.50 lakh which is subject to certain deduction norms.

4) Is there any foreclosure charges applicable for BOM personal loan?

Bank of Maharashtra does not charge any foreclosure fee for personal loan. You can repay your whole loan amount after 6 months of your loan amount disbursement, the bank always helps you to free yourself from loan burden.

5) Is there any guarantor acceptable by Bank of Maharashtra on personal Loan?

The bank accepts one guarantor on your personal loan. It will help you for hassle free loan approval.