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.
- 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|
|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.
Bank of Maharashtra Housing Loans Interest Rates 2020
- 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.
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
Other Products of Bank of Maharashtra:-
- Bank of Maharashtra Car Loan
- Bank of Maharashtra Personal Loan
- Bank of Maharashtra credit card
- Bank of Maharashtra Property Loan
- Bank of Maharashtra Gold Loan
- Bank of Maharashtra Fixed Deposit Interest Rates
Customer care number or Toll Free number for Maha Bank Home Loans – 1800-233-4526 / 1800-102-2636