Bank of Maharashtra Home Loan Interest Rate
Bank of Maharashtra Home Loan Interest Rate
Unlock the door to your dream home with the exciting home loan interest rate of Bank of Maharashtra for 2025. Offering rates from as low as 7.10% p.a., the bank provides flexible and affordable financing solutions to meet your unique needs. Rates are influenced by factors like loan tenure and credit profile, ensuring personalized options for every borrower. With a commitment to transparency, the BOM keeps you informed of any rate changes throughout the loan process. Choose Bank of Maharashtra for a dependable and cost-effective path to homeownership this year.
Do not miss checking out the latest Bank of Maharashtra home loan interest rate 2025 in the table below:
Bank of Maharashtra Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Bank of Maharashtra Home Loan Key Highlights
Amount of Loan
Up to 90% of the property value
Rate of Interest
7.10% per annum
Processing Fees
0.25% of the loan amount + GST
Max Tenure for Loan Repayment
30 years
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Salaried Applicants | 7.10% per annum |
| Self-Employed Applicants | 7.10% per annum |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Repo Linked Lending Rate (RLLR)
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loans | 7.10% per annum |
Maha Super Flexi Home Loan Interest Rate
| Loan Slab | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loans | 7.10% per annum |
Top-Up Loan Interest Rate
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| Top-Up for Existing Customers | 7.10% per annum |
Interest rates were last updated on 12th August 2025
Bank of Maharashtra Home Loan Interest Rate for All Schemes in India
Bank of Maharashtra offers various home loan schemes to cater to the diverse financial needs of its customers. Whether it's for purchasing a new home, renovating an existing property, or building from scratch, the bank provides tailored solutions. These schemes come with flexible interest rates, repayment options, and minimal documentation, ensuring accessibility for a wide range of borrowers. With the following customer-centric offerings, the Bank of Maharashtra aims to make homeownership easier and more affordable.
| Bank of Maharashtra Home Loan Schemes | Rates of Interest |
|---|---|
| Maha Super Housing Loan for Construction | 8.35% - 11.15% p.a. |
| Maha Super Housing Loan for Plot Purchase and Construction | 8.35% - 11.15% p.a. |
| Maha Super Housing Loan for Repairs | 8.35% - 11.15% p.a. |
| Maha Super Flexi Housing Loan | 8.35% - 11.15% p.a. |
| Maha Top-Up Housing Loan Scheme | 8.35% - 11.15% p.a. |
Bank of Maharashtra Home Loan Interest Rate for Balance Transfer, Top Up and Overdraft
Bank of Maharashtra's home loan options, including balance transfer, top-up, and overdraft facilities, offer unparalleled flexibility and financial benefits in 2025. With competitive interest rates and customizable solutions, these options are designed to enhance your home financing experience and help you manage your finances effectively.
Bank of Maharashtra Home Finance Home Loan Top-Up
Bank of Maharashtra’s top-up home loan option provides a cost-effective way to access additional funds for home improvements or other needs. With attractive interest rates, you can secure extra capital without compromising your existing loan conditions. The top-up loan can be seamlessly integrated with your current home loan, simplifying your finances with an affordable rate of interest starting at 7.10% p.a.
Bank of Maharashtra Home Finance Home Loan Overdraft Option
Bank of Maharashtra overdraft facility offers unparalleled financial flexibility and access to funds as needed. With competitive interest rates, you only pay interest on the amount you utilize, not the entire overdraft limit. This feature helps manage cash flow effectively while keeping borrowing costs low. It provides a convenient solution for handling unexpected expenses or short-term financial needs. The Bank of Maharashtra overdraft facility begins at 7.10% per annum.
Bank of Maharashtra Home Loan EMI Calculation 2025
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 8.35% p.a. | Rs. 12,318 | Rs. 8,584 | Rs. 7,583 |
| Rs. 20 lakh | 8.35% p.a. | Rs. 24,637 | Rs. 17,167 | Rs. 15,166 |
| Rs. 30 lakh | 8.35% p.a. | Rs. 36,955 | Rs. 25,751 | Rs. 22,749 |
| Rs. 40 lakh | 8.35% p.a. | Rs. 49,274 | Rs. 34,334 | Rs. 30,332 |
| Rs. 50 lakh | 8.35% p.a. | Rs. 61,592 | Rs. 42,918 | Rs. 37,915 |
| Rs. 60 lakh | 8.35% p.a. | Rs. 73,911 | Rs. 51,501 | Rs. 45,498 |
| Rs. 70 lakh | 8.35% p.a. | Rs. 86,229 | Rs. 60,085 | Rs. 53,082 |
| Rs. 80 lakh | 8.35% p.a. | Rs. 98,548 | Rs. 68,668 | Rs. 60,665 |
| Rs. 90 lakh | 8.35% p.a. | Rs. 1,10,866 | Rs. 77,252 | Rs. 68,248 |
| Rs. 1 crore | 8.35% p.a. | Rs. 1,23,185 | Rs. 85,835 | Rs. 75,831 |
Disclaimer:
The table above provides an overview of the EMI payable based on an interest rate of 8.35% p.a. offered by the Bank of Maharashtra. Please note that these figures are subject to change depending on variations in the interest rate, loan tenure, and other factors specific to the lender.
How to Calculate Bank of Maharashtra Home Loan Interest Rate?
Calculating Bank of Maharashtra home loan interest rate involves considering key factors like the loan amount, tenure, and the type of interest rate, whether fixed or floating. The interest rate is typically determined by the bank based on your loan application, taking into account your credit score, income, and repayment ability. A convenient way to estimate monthly payments and interest is by using an online EMI calculator on the BasicHomeLoan website - EMI. This tool simplifies the process, helping you plan your home loan finances effectively.
For a quick reference, we are displaying below monthly EMI instalments for 10 to 30 years tenures for the Bank of Maharashtra Housing Loans:
Compare Bank of Maharashtra Home Loan Interest Rate with Top Banks
Bank of Maharashtra home loan interest rates are generally on par with institutions like SBI, HDFC, and ICICI Bank, so it’s important to check the current offers to make an informed decision. The home loan rates depend on factors such as loan amount and tenure. Bank of Maharashtra also offers special schemes for balance transfers, making it an attractive option for those looking to switch lenders. Comparing rates across banks helps in choosing the best deal for your home financing needs.
Bank of Maharashtra Home Finance Home Loan Balance Transfer
Bank of Maharashtra offers attractive home loan balance transfer options, allowing borrowers to transfer their existing home loans from other banks to enjoy lower interest rates and better terms. The interest rates for balance transfers are usually competitive, enabling borrowers to reduce their EMI burden and save on overall interest payments. Factors like the outstanding loan amount, remaining tenure, and the borrower’s credit profile influence the Bank of Maharashtra Home Loan balance transfer interest rates offered. With the balance transfer, customers can also avail of additional benefits such as flexible repayment options and top-up loans to meet other financial needs.
The interest rate for the Bank of Maharashtra Balance Transfer starts at 7.10% per annum. One can shift the existing home loan balance to this bank in the following manner:
Firstly, visit the BASIC Home Loan website and go to the Repay Right section
Fill the required details in the online form displayed on the screen
Click ‘Next’ to proceed to the next page
You will then be able to see the savings you make with the BOM Home Loan Balance Transfer option
Another easier option is to approach the BASIC Home Loan team for help in applying for a Bank of Maharashtra home loan
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