Bank of Maharashtra Home Loan – Interest Rates, EMI calculator

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.

Latest Updated as on 11 Dec 2017 - Waiver of Processing fee w.e.f. 01/09/2017 to 31/12/2017

Interest Rates 8.65% - 8.75%
Processing Fees Nil till 31/12/2017
Pre payment Charges Nil
Lowest EMI Rs.780
Min. Income Rs.10000/- p.m
Loan Repayment 1 to 30 years

Loan Amount


Annual income

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54 ,02 , 013 Loan quotes taken till now

• 54 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published @ yourstory .com
• As RBI cuts rate, should you go for fixed home loan Deal4loans views Published @ Economic Times online

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.

Bank of Maharashtra Housing Loans Interest Rates 2017

  1. Loan amount upto 3 crore = 8.65%
  2. Loan amount above 3 crore = 8.75%

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.10.00 lakh

Documentation Charges – 0.10% of the loan amount or maximum upto Rs.10,000/-

Bank of Maharashtra MCLR Rates December 2017

Tenor MCLR
Overnight MCLR 8.10%
One Month MCLR 8.15%
Three Month 8.20%
Six Month 8.55%
One Year 8.65%

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

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

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

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