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Disclaimer: Bank of Maharashtra is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Bank of Maharashtra for loan against property. No offers/services from Bank of Maharashtra are being provided by Paisabazaar for loan against property. For further information about Bank of Maharashtra for loan against property, users are required to reach out directly to Bank of Maharashtra.
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Bank of Maharashtra LAP Highlights |
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| Interest Rate | For LAP: 9.95% – 10.95% p.a.
For Lease Rental Discounting – 9.45% p.a. |
| Loan Amount | Up to Rs 10 crore |
| LTV Ratio | For loan amount up to Rs 1 crore: Up to 60% of property value
For loan amount above Rs 1 crore: Up to 50% of property value |
| Tenure | Up to 10 years |
| Processing Fee | 1% of loan amount |
Note: Rates as of 25 August 2025
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Table of Contents
Bank of Maharashtra LAP Interest Rates
Bank of Maharashtra LAP interest rates start from 9.95% p.a. The bank also offers lease rental discounting to landlords at an interest rate of 9.45% p.a. The lender has specified its differential interest rates based on the CIBIL score and type of loan offered to its Loan Against Property applicants. However, many lenders also consider the loan amount, loan tenure, occupation profile, employer’s profile, monthly income, etc. while setting their Loan Against Property interest rates.
Loan Against Property- Individual
| CIBIL Score | Rate of Interest (p.a.) |
| 750 and above | 9.95% |
| 700-749 | 10.30% |
| 650-699 | 10.45% |
| 600-649 | 10.70% |
| Below 600 | 10.95% |
| -1 or 0 and 01 to 5 | 10.45% |
Lease Rental Discounting- For Landlords
| Loan Type | Rate of Interest (p.a.) |
| Lease Rental Discounting | 9.45% |
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Loan Against Property- For Individuals
Purpose: To cater to the personal needs of the applicants
Loan Amount:
- Minimum Loan Amount- Rs 0.05 crore
- Maximum Loan Amount- Rs 5 crore for properties located at other centres
Rs 10 crore for properties located in metros
LTV Ratio:
| Loan Amount | LTV |
| Up to Rs 1 crore | Up to 60% |
| Above Rs 1 crore | Up to 50% |
Tenure: Up to 10 years or 75 years of age, whichever is earlier
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) | |
| State Bank of India | 9.20-10.50 | Apply Now |
| Bank of Baroda | 10.85-18.35 | Apply Now |
| PNB Housing Finance | 9.25-15.00 | Apply Now |
| IDFC First Bank | 9.00-16.50 | Apply Now |
| HDFC Bank Limited | 9.50-11.00 | Apply Now |
| L&T Housing Finance | 9.50 onwards | Apply Now |
| LIC Housing Finance | 9.50-11.55 | Apply Now |
| Godrej Housing Finance | 9.75 onwards | Apply Now |
| ICICI Bank | 10.85-12.50 | Apply Now |
| Tata Capital | 9.00 onwards | Apply Now |
| Axis Bank | 10.50-10.95 | Apply Now |
| Punjab National Bank | 10.15-14.00 | Apply Now |
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Eligibility Criteria for Bank of Maharashtra Loan Against Property
- Permanent employees of Central/State Government, Public Sector Undertakings, individual businessman, professionals and self-employed individuals owning commercial property, residential property or buildings in their name
- Minimum Annual Income of the applicant should be Rs 5 lakh
In addition to this, Bank of Maharashtra may also consider the credit score, age, nationality, etc., just like many lenders do while evaluating eligibility of Loan Against property of their applicants.