Bank of Maharashtra Home Loan – Interest Rates 2020, 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.

Special Offer

  • 2 EMI Free for Regular Housing Loan Account
  • Get Subsidy up to Rs. 2.67 Lakhs under Pradhan Mantri Awas Yojana (PMAY) T&C Apply

Bank of Maharashtra Home Loan Highlights

Interest Rates 8.25% – 8.45%
Processing Fees As applicable at the time of disbursement
Pre payment Charges Nil
Lowest EMI Rs.751
Min. Income Rs.10000/- p.m
Loan Repayment 1 to 30 years

Home Loan applications received for rupees ₹ 419,027 crores till 28 May 2020

Apply for Home Loan & Check your CIBIL score absolutely FREE.

Loan Amount

Annual Income


120,17,256 loan quotes taken till now.
Home loan Interest rates starts from 7.90% for women, 7.95% for Others.

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 2020

  1. Interest Rates = 8.25% – 8.45%

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/-

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

Bank of Maharashtra Home loan emi calculator helps you to know how much emi per month you have to pay against the loan taken for purchasing the new Home. you can select or choose the right loan amount as per your financial condition and it helps you in selecting the Home variant as per your paying capacity of EMI. For calculation you have to just select the right loan amount, Interest Rate and Repayment period.

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)

For an example, You can take a loan amount of Rs.15 lakh for 15 years repayment period at 8.50% rate of interest than your emi calculations are as follows:

  • Loan Amount = Rs. 15,00,000
  • Monthly Installment (EMI) = Rs. 14771.09
  • Total Interest Amount = Rs. 1158796.2
  • Total Amount (Principal + Interest) = Rs. 2658796.2
Yearly Calculated Values
Year Principal Interest Balance Amount
1 Rs. 51,737 Rs. 125,515 Rs. 1,448,263
2 Rs. 56,310 Rs. 120,942 Rs. 1,391,953
3 Rs. 61,287 Rs. 115,965 Rs. 1,330,666
4 Rs. 66,703 Rs. 110,549 Rs. 1,263,963
5 Rs. 72,602 Rs. 104,650 Rs. 1,191,361
6 Rs. 79,018 Rs. 98,234 Rs. 1,112,343
7 Rs. 86,001 Rs. 91,251 Rs. 1,026,342
8 Rs. 93,606 Rs. 83,646 Rs. 932,736
9 Rs. 101,877 Rs. 75,375 Rs. 830,859
10 Rs. 110,884 Rs. 66,368 Rs. 719,975
11 Rs. 120,684 Rs. 56,568 Rs. 599,291
12 Rs. 131,350 Rs. 45,902 Rs. 467,941
13 Rs. 142,961 Rs. 34,291 Rs. 324,980
14 Rs. 155,597 Rs. 21,655 Rs. 169,383
15 Rs. 169,487 Rs. 7,900 Rs. 0

Other Products of Bank of Maharashtra:-

Customer care number or Toll Free number for Maha Bank Home Loans – 1800-233-4526 / 1800-102-2636

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