Loan

Loans Rate of Interest

Type of loans Revised rate of Interest
Cash Credit Loan 13.00%
Hypotication Loan 13.00%
Ordinery Loan 13.00%
Educational Loan 11.00%
C R E Loan 13.50%
Overdraft Loan 13.50%

Gold Loan

Maratha Bank is market leader in gold loans and is having trust of almost 60000 Gold loan customers and 72 years of trust

Title Norms
Purpose To meet urgent financial needs
Eligibility Any individual who is the true owner of the ornaments
Limit of loan Maximum loan
Basis of Advance Rs. 2000/- per gm
Repayment Period Max – 12 months
Rate of Interest 12.50%
Processing fees Nil
Shareholding Nominal membership
Other charges Nominal Application fee, insurance fee
Valuation charges at actuals
Documentation Prescribed Loan application form
Photo identity and residence proof of applicant, Savings account mandatory for above Rs 20000 loan

*conditions apply

Super Fast Two wheeler/ three wheeler loan

Title Norms
Purpose For purchase of new two wheeler/three wheeler
Eligibility Salaried persons / Businessman
Repayment Period 5 years.
Rate of interest 13.50% Reducing rate.
Security Hypothecation of vehicle to be purchased
One Guarantor
Fixed deposit 5% of loan.
Max loan 80% of Ex showroom price.
Documentation 1. Duly filled prescribed application form

2. Identity and residence proof of the Applicant and Guarantor (if any)

3. Income documents a) or b) as applicable

a) In case of salaried person, salary slip for last 3 months and bank statement for last 6 months, ITR of the past 3 years

b) In case of businessman, last 2 years profit & loss & ITR copies, balance sheet and bank statement of business account for last 6 months.

4. Proforma Invoice of the Authorized dealer

5.Driving licence
*conditions apply

Four wheeler loan

Title Norms
Purpose For purchase of new car
Eligibility Salaried persons / Businessman / Commercial organizations
Basis of Advance 80% of Ex showroom cost extended
Repayment Period Max 5 years
Rate of Interest Reducing at 13.5%pa
Shareholding 2.50% of loan amount, Maximum Rs. 25000/-
Security Hypothecation of vehicle to be purchased, fixed deposit of 5% loan amount.
Processing fees Nil
Documentation 1. Duly filled prescribed application form

2. Identity and residence proof of the Applicant and Guarantor(if any)

3. Income documents a) or b) as applicable

a) In case of salaried person, salary slip for last 3 months and bank statement for last 6 months, ITR of the past 3 years

b) In case of businessman, last 2 years profit & loss & ITR copies, balance sheet and bank statement of business account for last 6 months.

4. Proforma Invoice of the Authorized dealer
*conditions apply

Housing Loan

Title Norms
Purpose Construction of own house/Purchase of ready built house/flat/resale flat / takeover of housing loans from other banks/institutions
Eligibility Salaried Employees /Businessmen/Professionals
Limit of loan Per Beneficiary Max Rs. 25 lac
Basis of Advance 75% (loans upto Rs. 25 lac
Repayment Period Maximum 20 years for salaried class
Rate of Interest 11.50%
Processing fees Actual mortgage registration fees and legal charges.
Share Linking 2.50% of loan amount, Maximum Rs. 25000/-
Security Mortgage of house property to be purchased or constructed
Documentation 1. Duly filled application form with photo identity and residence proof of Applicant. 2. Income proof a) or b) as applicable

a) Salaried: salary slip for last 3 months and bank statement for last 6 months,

b) Businessman: Profit & loss and ITR copies of last two years,

Balance sheet, 6 month bank statement.

3. Legal Documents for creating mortgage as per requirement
*conditions apply

Loan on Fd/Nsc

USE YOUR FD/NSC

DON’T BRAKE IT

Loan on Fd/Nsc Certificates

  • 1. Get access to funds up to 80% of the face value of your FD
  • 2. Interest charged only on the Amount utilized and for the tenure of utilization
  • 3. Funds available at competitive rates

Features & Benefits:

  • Facility available only against Maratha Bank FD/Nsc Certificates
  • Facility available up to remaining tenure of the FD/Nsc Certificates on renewable basis
  • Interest charged on actual amount utilized- no EMI or post dated cheques required
  • No pre payment charges