Bank of Maharashtra Home Loan (बैंक ऑफ़ महाराष्ट्र होम लोन) – Compare Interest Rates, MCLR Rates Online. Maha Bank home loan emi calculator, Documents,Eligibility,Application Status,Customer care number & Procedure information.
|Interest Rates||8.75% – 8.85%|
|Processing Fees||upto 0.25%|
|Pre payment Charges||Nil|
|Min. Income||Rs.10000/- p.m|
|Loan Repayment||1 to 30 years|
All Individuals, Salaried employee with min 1 year job in current company or organization (State /Central Government / Public / Private Sector Companies of repute), Self-Employed Professionals, Businessman, Pensioners with account in Bank of maharashtra, Farmers having minimum land of 5 Acres.
Latest Interest Rates on Bank of Maharashtra Housing Loans 2017
|Up to Rs.300.00 Lakh||1 Year MCLR||Up to Rs.100.00 Lakh||1 Year MCLR|
|Above Rs. 300.00 lakh||1 year MCLR+0.50%||Above Rs. 100.00 Lakh||1 year MCLR + 0.10%|
If deductions are considered over & above 60% of Gross income, an additional spread of
0.25% should be charged over and above the regular ROI applicable for the Housing Loan.
Maha Super Consumer Loan Scheme: Additional Bonanza for Borrowers under the scheme
In this scheme, borrower can get upto 10% of the total loan amount with a maximum limit of Rs.10.00lakh
Processing fee – 1.00% of the loan amount or minimum of Rs.500/-
Documentation Charges – 0.10% of the loan amount or maximum upto Rs.10,000/-
Repayment – Maximum upto 30 years
MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM-07.04.2017
|One Month MCLR||8.70%|
Eligible criteria for Maha Bank housing loan scheme
Salaried borrowers can get : 60 times of Gross Monthly Salary/ 75 times of Net Monthly Salary (Whichever is Higher) as per maha bank norms.
Others Businessmen/Professionals can get upto 5 times of last 2 years average Income based on IT Returns
If borrower looking for the purchase of Plot & Construction flat/ site: 70% of the cost (registered value) of Plot after complying with Net Take Home Pay/Income norms. Plot on standalone basis should not be financed. Cost of the Plot should not exceed 75% of the total cost of housing unit
Bank of Maharashtra home loan emi calculator
For calculate loan emi –
1. Enter loan amount
2. enter interest rates
3. Enter loan tenure (for how much time you need a loan)
Other Products of Bank of Maharashtra:-
Customer care number or Toll Free number for Maha Bank Home Loans – 1800-233-4526 / 1800-102-2636
Source: Bank of Maharashtra Website