Bank of Maharashtra Loan Against Property

Bank of Maharashtra LAP Highlights
Interest Rate	10.45% – 11.95% 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

Bank of Maharashtra LAP Interest Rates

Loan Against Property- Individual

CIBIL Score	Rate of Interest (p.a.)
750 and above	10.95%
700-749	11.30%
650-699	11.45%
600-649	11.70%
Below 600	11.95%
-1 or 0 and 01 to 5	11.45%

Lease Rental Discounting- For Landlords

Loan Type	Rate of Interest (p.a.)
Lease Rental Discounting	10.45%

Loan Against Property- For Individuals

Purpose: To cater 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	10.60-11.30
Bank of Baroda	10.85-16.50
PNB Housing Finance	9.25-15.00
IDFC First Bank	9.00-16.50
HDFC Bank Limited	9.50-11.00
L&T Housing Finance	9.50 onwards
LIC Housing Finance	9.50-11.55
Godrej Housing Finance	9.75 onwards
ICICI Bank	10.85-12.50
Tata Capital	10.10 onwards
Bajaj Housing Finance	8.50-18.00
Axis Bank	10.50-10.95
Kotak Mahindra Bank	9.15 onwards

Eligibility Criteria for Bank of Maharashtra LAP

• 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