Bank of Maharashtra offers different loans that you can use as consolidation loans to pay off your debts. With these loans, you can consolidate all your debts by using a single loan and pay off all of them.
This consolidation loan can be an unsecured loan like a personal loan or a secured loan like a loan against property, gold or securities. Here are a few of them:
Bank of Maharashtra Mahabank Personal Loan Scheme
This loan helps borrowers take care of their urgent financial needs. It can be used to meet urgent expenses such as medical other emergency expenses, it can also be used to pay off your high-interest loans such as credit card debts or other loans. The maximum loan you can get is Rs. 10 lakh.
Bank of Maharashtra Loan Scheme for Individuals
This loan helps you get the money to meet any financial needs for reasons such as medical needs, marriage, travel expenses and so on. You get the loan against a term deposit held with Bank of Maharashtra. You can also use this scheme as a consolidation loan and pay off your high-interest loans such as credit card debts or other loans.
Bank of Maharashtra Loan Against Self-Occupied Property for Personal Needs
This loan helps you get the funds by mortgaging your property. While a mortgage loan can be used to meet financial expenses such as foreign travel, house repairs and so on, it can also be used to consolidate debts. This loan cannot be used for speculative reasons.
Bank of Maharashtra Mahabank Top-up Loan Scheme for Other Purposes
This is a term loan and helps you get funds for personal expenses related to a family wedding, medical treatment, purchase of expensive consumer durables, etc. This loan can also be used to consolidate high-interest debts. It is offered only to existing home loan borrowers.
Bank of Maharashtra Maha Gold Loan Scheme
This helps you get the necessary funds against your gold ornaments. This is a secured loan and can be used to meet any financial needs such as overseas travel, medical needs, marriage, etc. It can also be used to consolidate your high-interest debt. The bank does not grant this loan against gold coins.
Bank of Maharashtra Salary Gain Scheme
The Salary Gain Scheme helps salaried employees get funds to take of their expenses. While this secured loan can be used to meet expenses for a major purchase, overseas travel, medical exigencies, and so on, it can also be used to consolidate your high-interest debts.
A consolidation loan can help you pare down your debt and live a stress-free life.
40+ Banks in One Form
If you want a loan to pay off your debt, you can apply here. We bring you 40+ banks and FIs and you can apply to all of them through a single form.