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.

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
Interest Rates 8.65% - 8.75%
Processing Fees As applicable at the time of disbursement
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 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published @ yourstory .com
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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 2018

  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/-

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 17 years repayment period at 8.75% rate of interest than your emi calculations are as follows:

  • Loan Amount = Rs. 15,00,000
  • Monthly Installment (EMI) = Rs. 14,152
  • Total Interest Amount = Rs. 13,87,077
  • Total Amount (Principal + Interest) = Rs. 28,87,077
Year Principal Interest Balance Amount
1 Rs. 40,160 Rs. 129,664 Rs. 1,459,840
2 Rs. 43,818 Rs. 126,006 Rs. 1,416,022
3 Rs. 47,808 Rs. 122,016 Rs. 1,368,214
4 Rs. 52,164 Rs. 117,660 Rs. 1,316,050
5 Rs. 56,915 Rs. 112,909 Rs. 1,259,135
6 Rs. 62,100 Rs. 107,724 Rs. 1,197,035
7 Rs. 67,758 Rs. 102,066 Rs. 1,129,277
8 Rs. 73,931 Rs. 95,893 Rs. 1,055,346
9 Rs. 80,665 Rs. 89,159 Rs. 974,681
10 Rs. 88,015 Rs. 81,809 Rs. 886,666
11 Rs. 96,031 Rs. 73,793 Rs. 790,635
12 Rs. 104,781 Rs. 65,043 Rs. 685,854
13 Rs. 114,326 Rs. 55,498 Rs. 571,528
14 Rs. 124,739 Rs. 45,085 Rs. 446,789
15 Rs. 136,103 Rs. 33,721 Rs. 310,686
16 Rs. 148,502 Rs. 21,322 Rs. 162,184
17 Rs. 162,288 Rs. 7,796 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

Source: Bank of Maharashtra Website

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