What is the Home Loan Interest Rate of Maharashtra Gramin Bank?

I knew that Maharashtra Gramin Bank home loan programs have competitive and affordable interest rates and require little paperwork. But when I visited the bank branch to ensure about Maharashtra Gramin Bank home loan interest rates I got to know that they also offer flexible repayment options to borrowers. During the loan disbursement process, I realised how quickly they approve and disburse loans. The bank also has a dedicated team of well-experienced employees who also provide personalised service around the clock. The Maharashtra Gramin Bank's customer care service was also available around the clock to provide prompt assistance to me and other customers who want to buy or construct a new property. I will explain a little more to you about MGB bank home loan interest rate.

What is the home loan interest rate of Maharashtra Gramin Bank?

The home loan interest rate Maharashtra Gramin Bank is 8.50% based on your CIBIL score.

Maharashtra Gramin Bank Home Loan Eligibility

Now that you know about Maharashtra Gramin Bank home loan rate. Let me tell you the eligibility criteria for the same.

• The applicant's age must be in the range of 18 years and 70 years at the time of loan maturity.

• The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).

• The applicant must earn more than the minimum required income.

• The applicant must be salaried or self-employed with a regular income.

Maharashtra Gramin Bank Home Loan Document Required

1. Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID card issued by Government

2. Duly filled and signed application form with photograph

3. Age Proof - Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate

4. Address Proof - Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement

5. Bank Statement for the last 6 months

6. Form 16

7. Income Tax Returns (ITR) for the last 3 years

8. Processing fee Cheque

9. Latest 6 months' salary slips for salaried persons

10. Copies of the title documents of the property and the approved plan

11. For the Construction/ Renovation case, the cost estimate from Architect

12. Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account

So, Maharashtra Gramin Bank home loan interest rates are as explained above.