Compare Personal Loan - Fullerton India vs Bank of Maharashtra

Download Comparison

Bank	SBI HDFC Bank ICICI Bank Bajaj Finserv IDFC First Bank Axis Bank Tata Capital Fullerton India IndusInd Bank Kotak Bank RBL Bank IIFL HDB Financial Syndicate Bank Muthoot Union Bank of India Canara Bank Andhra Bank Allahabad Bank Federal Bank Karur Vysya Bank PNB Indian Overseas Bank Indian Bank IDBI Bank Corporation Bank Bank of Baroda Standard Chartered Bank Yes Bank Axis Finance	SBI HDFC Bank ICICI Bank Bajaj Finserv IDFC First Bank Axis Bank Tata Capital IndusInd Bank Kotak Bank RBL Bank IIFL HDB Financial Syndicate Bank Muthoot Union Bank of India Canara Bank Bank of Maharashtra Andhra Bank Allahabad Bank Federal Bank Karur Vysya Bank PNB Indian Overseas Bank Indian Bank IDBI Bank Corporation Bank Bank of Baroda Standard Chartered Bank Yes Bank Axis Finance
Parameters
Interest Rate	Interest Rate 11.99% - 18.99%	9.55% - 12.90%
Processing Fees	Processing Fees 2%	1.00%, Min Rs. 1,000
Loan Amount	Loan Amount ₹ 50,000 to ₹ 25 Lakh	₹ 50,000 to ₹ 20 Lakh
Loan Tenure	Loan Tenure 12 to 48 Months	12 to 84 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 2,633	₹ 1,637
Part Payment Charges	Part Payment Charges Not Allowed	Not Allowed
Foreclosure Charges	Foreclosure Charges Allowed after 6 months at 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil	Allowed after 1 month at Nil prepayment charges
Eligible Age	Eligible Age 21 to 58 Years	21 to 60 Years
Minimum Income	Minimum Income ₹ 17,000	₹ 20,000
Current Work Experience	Current Work Experience 1 Month	12 Months
Total Work Experience	Total Work Experience 12 Months	36 Months
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews) 4.1/5.0	4.1/5.0

Add Bank

Compare EMI of Fullerton India and Bank of Maharashtra Personal Loan

Loan Amount	Fullerton India	Bank of Maharashtra
₹ 1 Lakh	₹ 2,633	₹ 1,637
₹ 5 Lakh	₹ 13,164	₹ 8,185
₹ 10 Lakh	₹ 26,329	₹ 16,370
₹ 12 Lakh	₹ 31,595	₹ 19,644

Which is a better bank for Personal Loan – Bank of Maharashtra or Fullerton India?

Bank of Maharashtra offers lower Personal Loan EMI at 1637 on a Personal Loan for 84 Months as compared to Fullerton India with a minimum EMI of 2633 for 48 Months. Average customer ratings for Bank of Maharashtra is currently at 4.1/5.0 which makes it a good choice for taking a Personal Loan.

How does Bank of Maharashtra Personal Loan compare with Fullerton India Personal Loan?

It is important to do a detailed comparison of Bank of Maharashtra and Personal Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

Lowest Interest rate of Bank of Maharashtra Personal Loan is 9.55%, which is lower than the lowest interest rate of Fullerton India at 11.99%. Hence, Bank of Maharashtra is offering a cheaper loan option.
When compared on other Personal Loan charges such as processing fees, Fullerton India charges a processing fees of 2% while Bank of Maharashtra charges a processing fees of 1.00%, Min Rs. 1,000.
Fullerton India offers Personal Loan upto an amount of ₹ 25 Lakh while Bank of Maharashtra offer Personal Loan upto an amount of ₹ 20 Lakh. Fullerton India can be a better option if you are looking for a high value amount.
One feature that makes Personal Loan a better option is foreclosure facility. Bank of Maharashtra gives the option to close the loan after 1 months at Nil prepayment charges and Fullerton India gives the option to close the loan after 6 months at 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil. This makes Bank of Maharashtra a better option for Personal Loan.
Bank of Maharashtra with an average customer ratings of 4.1 is equally comparable to Fullerton India with an average customer rating of 4.1. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers lower interest rate on Personal Loan – Bank of Maharashtra or Fullerton India?

As per the current rates, Bank of Maharashtra offers a lower interest rate of 9.55% on Personal Loan when compared to Fullerton India which offers a Personal Loan at 11.99%.

Know all about Personal Loan

Know more about Fullerton India Personal Loan

Know more about Bank of Maharashtra Personal Loan

Compare Fullerton India Personal Loan With Other Banks

Compare Bank of Maharashtra Personal Loan With Other Banks

Notification ×

Home Loan
Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.
Apply Now
Personal Loan
Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .
Check Offers
Gold Loan
Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500
Apply Now
Loan Against Property
Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.
Apply Now
Business Loan
Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.
Apply Now
Fixed Deposit
AAA rated FDs with returns as high as 6.95%.
Invest Now

Personal Loan News - Jun 2021

2021-06-16 : ICICI STACK launched by ICICI Bank for Corporates
ICICI Bank announced the launch of ICICI STACK for Corporates. This will provide customised digital banking services to companies in over 15 leading industries. ICICI STACK is going to offer digital banking solution banking solutions to corporates to seamlessly meet their banking requirements.
2021-06-16 : Ujjivan Small Finance Bank collaborates with MoEngage
Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services.
2021-06-15 : Indian Overseas Bank declared a profit of Rs 831 crore
IOB closed the last fiscal with a net profit of Rs.831 crore as against a net loss of about Rs.8,527 crore. The total income for the year ended 31.03.2021 stands at Rs.22,525 crore as against Rs.20,766 crore for FY20. IOB plans to come up with Prompt Corrective Action to focus on loan recovery, low-cost deposits and less capital consuming advances.
2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
2021-06-11 : YONO to offer fast-tracked two-wheeler loans and express credit
The State Bank of India YONO app is going to offer fast track two-wheeler loans and express credit, a high-value personal loan. SBI is planning to expand the YONO product basket. YONO will be offering two-wheeler loans along with personal loans of small ticket size, between Rs 5-10 lakhs.

*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More

Apply Personal Loan Online @ 10.25% ☺

Please wait while your information is being processed...