What is the Bank of Maharashtra Personal Loan Documents Required?

You cannot apply for a Bank of Maharashtra personal loan without documents submission. You cannot apply for a Bank of Maharashtra personal loan without documents submission. There are different documents types required for salaried and non-salaried or entrepreneur/professionals. I wasn’t aware of these documents when I planned to apply for a personal loan for the first time. I researched about it on their official website and got to know the procedure and other formalities involved. Let me guide you through it.

What are the Bank of Maharashtra Personal Loan Documents?

The mandatory list of documents you require includes.

• Any identification proof such as driving licence/AADHAR card/Pan card/passport, etc. 

• Any residential proof. This might be an electricity bill/election ID card/telephone bill/AADHAR/passport, etc.

• If you are a salaried employee, then you will need to submit your latest salary slip for the past three months, copies of IT returns of the past 2 years or Form 16 for the last two years from your employer. Along with these, you will need to submit your bank account statement for the last 6 months.

How to Repay Personal Loan?

This was something I was confused about when I took a personal loan from Bank of Maharashtra. I found different ways of loan repayment while researching the documentation process.

You can repay your loan via an auto-debit instruction through your bank account on a designated date every month. 

For Salaried Customers, the timeline is as follows -

• If you have a salary account with the Bank of Maharashtra - 84 months,

• If you have an account with any other bank - 60 months

I hope this will give you an idea about the process and the Bank of Maharashtra personal loan required documents.

Banks ask for borrowers’ documents to check their background. They also need to check the credibility of the borrower and be sure that the debt amount will be repaid. I have availed of a loan from the Bank of Maharashtra so let me share here the Bank of Maharashtra personal loan documents list.

What are the Bank of Maharashtra Personal Loan Required Documents?

The list of documents required to apply for a personal loan at the Bank of Maharashtra is:

• Identity proof: Election card/ PAN card/ Aadhar Card/ Driving License/ Passport and others

• Residency Proof: Electricity Bill/ Election ID card/ Telephone Bill/ Aadhar Card/ Driving License/ Passport and others

For salaried persons:

• Original or certified copy of salary slips for the last three months

• Copies of IT returns of the last 2 years acknowledged by the IT department/ IT assessment order or Form 16 for the last 24 months from the employer

• Undertaking from the employer for remittance of monthly installments, wherever applicable

• Bank statement (salaried account) for the last 6 months

For non-salaried persons:

• Last 3 years of IT returns, including computation of income, profit and loss account, balance sheet, audit report and others

• Documents asked for as per the scheme of the loan

For more information, you can visit the official website of

or visit the bank. I hope you now have a good idea about the list of required documents.

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