Bank of Maharashtra LAP Highlights | |
Interest Rate | 10.20% – 11.70% 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 |

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Table of Contents
Bank of Maharashtra LAP Interest Rates
Loan Against Property- Individual
CIBIL Score | Rate of Interest (p.a.) |
750 and above | 10.70% |
700-749 | 11.05% |
650-699 | 11.20% |
600-649 | 11.45% |
Below 600 | 11.70% |
-1 or 0 and 01 to 5 | 11.20% |
Lease Rental Discounting- For Landlords
Loan Type | Rate of Interest (p.a.) |
Lease Rental Discounting | 10.20% |

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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

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Compare Interest Rates on Loan Against Property for Top Banks & HFCs
Name of the Lender | Interest Rate (% p.a.) |
State Bank of India | 10.35-11.05 |
Bank of Baroda | 10.55-16.20 |
PNB Housing Finance | 9.65-13.00 |
IDFC First Bank | 8.75-16.25 |
HDFC | 9.35-12.25 |
L&T Housing Finance | 9.60 onwards |
LIC Housing Finance | 9.10-12.25 |
Godrej Housing Finance | 9.75-14.50 |
ICICI Bank | 9.75-10.90 |
Tata Capital | 9.85 onwards |
Bajaj Housing Finance | 9.85-10.80 |
Axis Bank | 9.90-10.35 |
Kotak Mahindra Bank | 9.15 onwards |

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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