Bank of Maharashtra Term Loan

I want to take Educational Loan from Bank of Maharashtra, so I need Bank of Maharashtra Educational Loan application form, so will you please provide here BOM Educational Loan application form, what are the required eligibility criteria for BOM educational loan & interest rate???

Hello sir, I want to know about the term loan of Bank of Maharashtra, so please tell me about term loans regarding Bank of Maharashtra?

[sumit]

Hello, Term Loans, Overdrafts, Letters of Credit, Guarantees and many more such products are included in the credit basket and Bank of Maharashtra have different loan schemes according to need of the customer.

Here I am providing the information about different loan scemes.

Types of loans provided by Bank of Maharashtra:-


Loan Scheme for Exporters
Skill Loan Scheme
Education Loan Scheme
Loan for Agriculturists
Loan Scheme for Corporates
Housing Loan Scheme
MSME Schemes
Maha Combo Loan Scheme
Loan Scheme for Entrepreneurs
Loan Scheme for Professionals and Self-Employed
Loan Scheme for Individuals
Mahabank Adhar Loan Scheme for Pensioners
Mahabank Vehicle Loan Scheme for Old Car and Two Wheelers
GOLD CARD SCHEME FOR EXPORTERS
TopUp Loan for Home loan borrowers
Salary Gain Scheme
Maha Gold Loan Scheme (Loan against Gold Ornaments)
Mahabank Personal Loan Scheme
Scheme for Solar Water Heating Systems under Jawaharlal Nehru National Solar Mission(JNNSM)
Consumer Loan Scheme
Scheme for Solar Lighting Systems and Small Capacity PV System under Jawaharlal Nehru National Solar Mission(JNNSM)


Education Loan Scheme

Basic Information on Education Loan:-

Purpose For Studies in India and Abroad

Maximum amount

In India : Rs. 10.00 lac
Abroad : Rs. 20.00 lac

Eligibility criteria:-

Studies Abroad : Job oriented Prof./Technical / PG courses/ Post Graduation: - MCA, MBA, MS etc

Studies in India: Graduation courses/Colleges under Universities approved by UGC. Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc.



Security Up to Rs. 4.00 lac – Clean

Rate of Interest on education loans:-

Loans up to Rs. 4.00 lac = Base Rate + 2.50%
Loans above Rs. 4.00 lac & upto 7.50 lac = Base Rate + 2.00%
Loans above Rs.7.50 lac = Base Rate + 1.25%


Guarantor

Above Rs.4.00 lac to Rs.7.50 lac -
Satisfactory third party Guarantee

Above Rs. 7.50 lac
Value of collateral security after providing requisite margin as below should be equal to the quantum of finance plus 2 acceptable guarantor.