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Bank of Maharashtra Home Loan Highlights
| Particulars | Details |
| Interest Rate | 7.35%-10.15% p.a. |
| Loan Tenure | Up to 30 years |
| Loan Amount (LTV Ratio) | Up to 90% of the property value |
| Processing Charges | NIL |
Note: Last updated on 18 June 2025
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Bank of Maharashtra Home Loan Interest Rates
Bank of Maharashtra Home Loan interest rates start from 7.35% p.a. onwards. The lender offers differential interest rates depending on the CIBIL score, occupation profile and various types of home loan schemes availed by the applicant. Below mentioned are the interest rates set by the Bank of Maharashtra for its various home loan schemes.
Maha Super Housing Loan Scheme
Housing Loan to General Public
| CIBIL Score/Credit Score | Interest Rates (p.a.) | |
| Salaried | Non-Salaried | |
| 800 and above | 7.35% | 7.45% |
| 750-799 | 7.40% | 7.50% |
| 725-749 | 7.80% | 7.90% |
| 700-724 | 8.30% | 8.50% |
| 650-699 | 8.80% | 9.00% |
| 600-649 | 9.00% | 9.20% |
| Below 600 | 9.40% | 9.90% |
| -1 to 05/NTC | 7.80% | 8.00% |
Housing Loan to Salaried Employees (Minimum gross monthly salary Rs 50,000) of Central/State Government or Public Sector Undertaking or Government aided Education Institutions (Not routed through DSA)
| CIBIL Score | Interest Rate (p.a.) |
| 700 and above | 7.40% |
Note: The interest rate concession including a 0.05% concession offered to women borrowers and any deviation would be applicable to applicants having CIBIL Score below 725, subject to the minimum floor rate, i.e., RLLR-0.95%. No concession, deviation, or EMI waiver would be allowed to applicants having CIBIL Scores of 725 and above.
Maha Super Flexi Housing Loan – (Term Loan Linked with SB)
Interest rates are 0.25% higher than that applicable for the Maha Super Housing Loan Scheme.
Maha Super Green Building – (For Green Building)
Concession of 10 bps on applicable interest rates of Maha Super Housing Loan Scheme subject to the minimum floor rate (7.35% p.a.).
Maha Home Loans Interest Rate Offered for Commercial Real Estate
|
Loan Amount |
Interest Rate (p.a.) |
| Up to Rs 1 crore | The premium of 100 bps over and above the applicable interest rate for a normal housing loan |
| Above Rs 1 crore | The premium of 125 bps over and above the applicable interest rate for a normal housing loan Housing Loan |
Maha Bank Top-up Scheme
|
CIBIL Score |
Interest Rate (p.a.) |
| 800 and above | The premium of 50 bps over & above the applicable interest rate for a Maha Super Housing Loan |
| 750 to 799 | The premium of 75 bps over & above the applicable interest rate for a Maha Super Housing Loan |
| 681 to 749 | The premium of 100 bps over & above the applicable interest rate for a Maha Super Housing Loan |
| 680 and below | The premium of 300 bps over & above the applicable interest rate for a Maha Super Housing Loan |
Also Read: Which Bank/HFC offers the best home loan interest rates?
Apply For Home Loan at Attractive Interest Rates Click Here
Compare Home Loan Interest Rates for Top Banks & HFCs
| Name of Lender | Loans Up to Rs. 30 Lakh | Loans Above Rs. 30 Lakh to Rs. 75 Lakh | Loans Above Rs. 75 Lakh | |
| SBI | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.45% p.a. onwards | 8.45% p.a. onwards | 8.45% p.a. onwards | Check Eligibility |
| Bajaj Housing Finance | 7.49% p.a. onwards | 7.49% p.a. onwards | 7.49% p.a. onwards | Check Eligibility |
| ICICI Bank | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-12.80% p.a. | 8.75%-12.80% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Federal Bank | 9.15% p.a. onwards | 9.15% p.a. onwards | 9.15% p.a. onwards | Check Eligibility |
| Punjab National Bank | 7.55% - 9.35% p.a. | 7.50% - 9.25% p.a. | 7.50% - 9.25% p.a. | Check Eligibility |
| Kotak Mahindra Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
| Bank of Baroda | 7.50% - 9.25% p.a. | 7.50% - 9.25% p.a. | 7.50% - 9.50% p.a. | Check Eligibility |
| Canara Bank | 7.50%-10.25% p.a. | 7.45% – 10.25% p.a. | 7.40% – 10.15% p.a. | Check Eligibility |
| IDFC FIRST Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| IDBI Bank | 7.75% p.a. onwards | 7.75% p.a. onwards | 7.75% p.a. onwards | Check Eligibility |
| Punjab & Sind Bank | 7.55% - 10.75% p.a. | 7.55% - 10.75% p.a. | 7.55% - 10.75% p.a. | Check Eligibility |
| RBL Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.25% - 14.50% p.a. | 8.25% - 14.50% p.a. | 8.25%-12.35% p.a. | Check Eligibility |
| Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Aditya Birla Capital | 8.25% p.a. onwards | 8.25% p.a. onwards | 8.25% p.a. onwards | Check Eligibility |
| India Shelter Home Loan | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
| Home First Finance | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | Check Eligibility |
| Easy Home Finance | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | Check Eligibility |
| Piramal Capital Housing Finance | 9.50% p.a. onwards | 9.50% p.a. onwards | 9.50% p.a. onwards | Check Eligibility |
| Cholamandalam Investment and Finance | 10.00% - 19.00% p.a. | 10.00% - 19.00% p.a. | 10.00% - 19.00% p.a. | Check Eligibility |
How to Apply for a Bank of Maharashtra Home Loan?
Applicants can apply for Bank of Maharashtra Home Loan either through the official website of Bank of Maharashtra or through the Bank of Maharashtra mobile app, Mahamobile Plus. They can also visit Bank of Maharashtra branches to apply for home loans. Prospective home loan borrowers should also visit online financial marketplaces and compare the interest rates and other features offered by various lenders.
Bank of Maharashtra Housing Loan Fees and Charges
| Housing Loan | NIL |
| Maha Bank Top-up Loan | 0.50% of the loan amount |
Know more about Home Loan Processing Fees charged by various home loan lenders
Bank of Maharashtra Home Loan Eligibility Criteria
Following are the eligibility criteria to avail home loan from the Bank of Maharashtra.
For Maha Super Housing Loan Scheme
- For Salaried: Rs 3 lakh (as per last year income) – Minimum past 2 years ITR/Form 16 from the Employer is mandatory.
- For Self-employed Professionals: Rs 3 lakh (as per last year ITR income) – Minimum past 2-year ITR with supporting documents are mandatory.
- For Businessmen: Rs 3 lakh (as per last year ITR income) – Minimum past 3-year ITR with supporting documents are mandatory.
- For individuals engaged in Agriculture and Allied Activities having an ascertainable minimum income of Rs 3 lakh.
For MahaBank Top-up Loan
- Existing/Takeover housing loan borrowers (without deviation/restructuring/rephasement) with a minimum 18 months standing (12 months in case of takeover loans) where the repayment commences w.e.f. next month of disbursement and in the standard category.
- Existing/balance transfer housing loan borrowers (without deviation/restructuring/rephasement) with a minimum 24 months standing including moratorium (maximum 18 months) and in standard category.
- Old housing loan borrowers (regular and standard only) of the bank who have repaid and closed their existing home loan for the maximum repayment tenure of 180 months.
- There is no cap on the maximum age for top-up loan borrowers, provided that the age of maturity of the loan does not exceed 75 years of age.
Documents Required for Bank of Maharashtra Home Loan
A detailed list of documents required for availing home loans from Bank of Maharashtra are mentioned below:
- Duly filled and signed application form
- Passport size photographs (two)
- ID Proof- Voter ID card, PAN card, driving license, Aadhar card, passport, photo ID card issued by current employer
- Address Proof- Electricity bill, voter ID card, telephone bill, driving license, Aadhar card, passport, photo ID issued by current employer
For Salaried Individuals:
- Latest salary slips for last 3 months
- Copy of ITR for last 2 years duly acknowledged by Income Tax Department
- Form 16 for last 2 years
- Bank account statement for last 6 months
- Employer undertaking for remittance of monthly instalment
For Non-salaried/Businessman/Professionals:
- ITR for last 3 years including income computation, balance sheet, profit and loss account audit report.
- Copy of tax registration
- Bank statement for last 1 year
- Shop Establishment Act
- License of company registration
In case of Takeover:
- Loan account statement for last 1 year
- Receipt of documents acknowledged by the bank
- Loan outstanding statement as on date
Property Documents:
- Payment receipt of purchase of residential unit
- Permission from competent authority under Urban Land Ceiling and Regulation Act 1976
- Permission from competent authority for flat/house construction
- Copy of approved drawings of proposed purchase/construction
- Allotment letter from the builder/Development Authorities/Co-operative Societies/Association of apartment owners
- Sale agreement/Sale deed/detailed cost estimate from registered architect/engineer for the property to be constructed
Other documents depend on:
- Property purchase directly from the builder
- Purchase of property in resale
- House construction on separate plot of land
- Property belonging to Registered Co-operative Housing Society
- Direct sale of property by any Development Authority
Additional Documents for NRIs:
- ID card copy issued by the current employer
- Copy of latest work permit
- Continuous discharge certificate
- Copy of VISA
- Account statement or passbook of NRE account
- Overseas bank account statement for last 6 months in which salary is credited
- Salary certificate or income statement attested by foreign office including subsidiary office or certified by competent authority available in the country
- Employment contract copy
Additional Documents for PIOs:
- Copy of PIO card
- Indian passport, if held earlier
- Current passport reflecting birth place in India or abroad
- Passport of parents or grandparents with details confirming applicant’s claim of being a PIO
Bank of Maharashtra Home Loan EMI Calculator
Individuals who intend to apply for home loan with Bank of Maharashtra can use the Home Loan EMI Calculator to determine the total interest cost and EMI. They can input different combinations of loan amount, loan tenure and interest rate in the EMI calculator and get instant results. This can help them in choosing their optimum tenure based on their repayment capacity.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Bank of Maharashtra Home Loan Customer Care/Grievance Redressal
- All India Toll-free Numbers: 1800-233-4526; 1800-102-2636
- Head Office Address: Bank of Maharashtra, Head Office, ‘Lokmangal’,1501, Shivajinagar, Pune-411005
- Telephone Numbers: 020-25514501-05; 020-25514501; 020-25513781
Types of Bank of Maharashtra Home Loan
Maha Super Housing Loan (for purchase/construction of new house/flat, extension of existing house/flat)
Purpose: Bank of Maharashtra offers the Maha Super Housing Loan Scheme for the purchase/construction of new/existing houses/flats of not more than 30 years old, extension of existing houses/flat, purchase of residential flat under construction or ready to move in property directly from the builders/Development Authority/developers/society and extension of existing house/flat. Existing home loan borrowers of other banks and HFCs can also avail Maha Super Housing Loan Scheme for transferring their existing home loans to Bank of Maharashtra at lower interest rates.
LTV Ratio:
| Up to Rs 30 lakh | Up to 90% |
| Above Rs 30 lakh and up to Rs 75 lakh | Up to 80% |
| Above Rs 75 lakh | Up to 75% |
Tenure: Up to 30 years or 75 years of age, whichever is earlier.
Maha Super Housing Loan (for Plot Purchase Loan and Construction thereon)
Purpose: Consumers can avail Maha Super Housing Loan Scheme for the purchase of a plot and construction thereon.
LTV Ratio:
- For Plot Purchase- at least 25% of the registered value of the plot or realizable value of the plot, whichever is lower.
- For Construction of House-
| Up to Rs 30 lakh | Up to 90% |
| Above Rs 30 lakh and up to Rs 75 lakh | Up to 80% |
| Above Rs 75 lakh | Up to 75% |
Maha Super Housing Loan (for Repair/renovation/alteration of existing house or flat
Purpose: Prospective home loan borrowers can avail Home Renovation Loans from the Bank of Maharashtra for carrying out repair/renovation/alteration of existing houses/flats.
Tenure: Up to 20 years
LTV Ratio (whichever is lower):
- 100% of the cost of repair/renovation/alteration
- Up to 25% of the property value
- Permissible LTV norms
Maha Bank Top-up Loan (for repair/renovation/extension/ furnishing)
Purpose: Existing home loan borrowers of Bank of Maharashtra can avail Maha Bank Top-up Home Loan scheme over and above the existing home loans to meet their financial needs for repair/renovation/extension/furnishing of home.
Tenure: Up to 15 years
LTV Ratio:
For existing Bank of Maharashtra home loan borrowers:
- Up to 100% of the estimated cost of repair/renovation/furnishing of house provided the overall LTV ratio after including the LTV ratio of the underlying home loan does not exceed 75%
Or
For Bank of Maharashtra home loan balance transfer applicants availing additional top-up facility:
- Borrowers can avail up to 100% of the estimated cost of renovation/repair/furnishing the house, provided the overall LTV ratio after including the LTV ratio of the underlying home loan and based on the latest valuation report not older than 3 months, does not exceed 75%.
Maha Bank Top-up Loan (for other purposes)
Purpose: Existing home loan borrowers of Bank of Maharashtra can avail Maha Bank Top-up Loan scheme over and above the existing home loans to meet their personal requirements, such as for education, wedding and medical treatment.
LTV ratio: The overall LTV, including the LTV ratio of the existing Bank of Maharashtra home loan, cannot exceed 75% of the property value, based on the valuation report not older than 3 years
Tenure: Up to 15 years or 75 years of age at the time of loan maturity
Maha Super Flexi Housing Loan
Purpose: Maha Super Flexi Housing Loan Scheme is a home loan overdraft facility wherein the home loan borrowers can deposit surplus amount in the linked overdraft account and can withdraw funds from it as per their needs.
Loan Amount: Rs 50 lakh onwards
Tenure: Up to 30 years or up to 75 years of age of the borrower at the time of loan maturity.
LTV Ratio:
| Up to Rs 75 lakh | Up to 80% |
| Above Rs 75 lakh | Up to 75% |
FAQs on Bank of Maharashtra Home Loan
What is the current home loan interest rate of the Bank of Maharashtra?
The home loan interest rates offered by the Bank of Maharashtra start from 7.35% p.a. The bank has set its home loan interest rates based on the CIBIL score, occupation profile and various types of home loan schemes offered by the bank.
What are the documents required for availing Bank of Maharashtra Home Loan?
Applicants are required to submit various documents with Bank of Maharashtra for verifying their ID, address, income, property title, etc. They can click here to get the detailed list of documents required for availing Bank of Maharashtra Home Loan.
How to apply for Bank of Maharashtra Home Loan?
You can apply for Bank of Maharashtra Home Loan through the official website of Bank of Maharashtra. All you need to do is click on the “apply online” option on the home page of the official website of the Bank of Maharashtra and complete the application form.
How can I calculate the interest cost of a Bank of Maharashtra Home Loan?
You can calculate the interest cost of a Bank of Maharashtra Home Loan with the help of the Bank of Maharashtra Home Loan EMI Calculator. You need to enter the interest rate, loan amount and loan tenure and get the interest cost instantly.
Are there any concessions offered to women applicants on BOM home loan interest rates?
Bank of Maharashtra provides home loan interest rate concessions of 0.05% p.a. to women applicants.
Can I choose between fixed and floating rates?
Bank of Maharashtra offers home loans at floating rates only.
What is the minimum credit score required to avail home loans from the Bank of Maharashtra?
Bank of Maharashtra has not specified the cut-off credit score for home loan applicants. However, the bank offers lower interest rates to applicants having higher interest rates. For instance, applicants having credit scores of 800 and above are offered the lowest interest rates compared to those having credit scores of 750-799, 700-749, and so on. The applicants who are new to credit or do not have a credit score can also avail home loans from the Bank of Maharashtra but are charged at higher interest rates.
Does Bank of Maharashtra offer preferential interest rates to salaried applicants?
Yes, Bank of Maharashtra offers a home loan interest rate concession of 25 bps to salaried home loan applicants.
Can I foreclose my home loan availed from Bank of Maharashtra?
Yes, you can foreclose your home loan availed from Bank of Maharashtra. The bank does not levy any foreclosure charges on home loan at floating rates.
Can I make part-prepayments on my home loan availed from Bank of Maharashtra?
Yes, you can make part-prepayments on the home loan availed from Bank of Maharashtra. The bank does not levy part-prepayment charges on home loans.
How to download Bank of Maharashtra Home Loan interest certificate?
Borrowers can download Bank of Maharashtra Home Loan interest certificate through the official website of Bank of Maharashtra or through the Bank of Maharashtra mobile app, Mahamobile Plus. Borrowers can also visit Bank of Maharashtra branch to fetch their home loan interest certificate.
What is the process of transferring an existing home loan from other bank/HFC to Bank of Maharashtra?
Borrowers can transfer their existing home loans to Bank of Maharashtra by applying on the official website of the bank, through its mobile app or by visiting the bank branch. Additionally, borrowers should also visit online financial marketplaces and compare home loan balance transfer offers provided by other lenders.
Can self-employed individuals apply for Bank of Maharashtra Home Loans?
Yes, self-employed individuals can apply for Bank of Maharashtra Home Loans.
What is the maximum loan amount offered by Bank of Maharashtra for home loans?
Bank of Maharashtra has not disclosed the loan amount offered to its home loan applicants. The maximum home loan amount offered to a home loan applicant would depend on his/her income, existing EMIs/credit card dues, market value of the property, LTV ratio set for the applicant, etc.