Bank of Maharashtra Home Loan: Rates, Eligibility & Fees 2026
Bank of Maharashtra provides home loans for purchase, construction, plots, extensions, renovation, and transfers with credit linked pricing. Butter Money helps you compare suitable schemes and apply confidently with clear guidance at each step. Apply confidently.
Interest Rate
7.25%
p.a. onwards
Processing Fee
Nil
Max Tenure
30 Years
Max LTV
Up to 75%
Rates updated 2 Sep 2026 from Butter's lender rate data · Bank of Maharashtra's official rates
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What stands out with Bank of Maharashtra
- Tenure up to 30 years
- Home purchase financing
- Plot plus construction
- Home extension loan
- Renovation funding
- CIBIL-linked pricing
- No prepayment charges
Bank of Maharashtra home loan at a glance
| Lender type | Public sector bank |
| Starting rate | 7.25% p.a. onwards |
| Products | Home loan |
| Funding (LTV) | Up to 75% of the property's value, within RBI's caps |
| Prepayment | Nil on floating-rate loans |
Bank of Maharashtra Interest Rates, September 2026
By product, CIBIL score & applicant type
Home loan
| CIBIL Score | Salaried | Self Employed |
|---|---|---|
| New to credit | 7.95% onwards | 8.15% onwards |
| 800 and above | 7.25% onwards | 7.35% onwards |
| 650–699 | 8.60% onwards | 8.80% onwards |
| 700–749 | 7.95% onwards | 8.05% onwards |
| 750–799 | 7.50% onwards | 7.60% onwards |
| Below 650 | 9.00% onwards | 9.20% onwards |
Starting rates for each CIBIL band. Your final rate also depends on the loan amount, property and profile. Updated 2 Sep 2026.
Fees & Charges
Popular Bank of Maharashtra Schemes
Find the right Bank of Maharashtra product for your needs
| Scheme Name | Best Suited For | Interest Rate |
|---|---|---|
| Maha Super Housing Loan | Home purchase or construction | Profile based |
| Plot + Construction Loan | Plot purchase and house construction | Profile based |
| Home Renovation Loan | Repairs and renovation | Profile based |
| Maha Bank Top-Up | Additional housing funding | Profile based |
Bank of Maharashtra vs Similar Lenders
Public sector banks with the closest rates
| Lender | Best Suited For | Interest Rate |
|---|---|---|
| Bank of Maharashtra (this page) | Public sector bank | 7.25% onwards |
| Canara Bank | Public sector bank | 7.20% onwards |
| Central Bank of India | Public sector bank | 7.20% onwards |
| Punjab & Sind Bank | Public sector bank | 7.30% onwards |
Bank of Maharashtra Home Loan EMI Calculator
Move the sliders to see how the loan amount, interest rate and tenure change your monthly EMI and total interest outgo at Bank of Maharashtra's rates.
Illustrative calculation based on the selected rate. The rate defaults to 7.25% p.a., the best applicable starting rate. Your actual EMI depends on the rate offered to you.
A ₹50 lakh Bank of Maharashtra home loan over 20 years at 7.25% costs ₹39,519 a month, or ₹44,84,512 in total interest. Every 0.25% higher adds about ₹761 a month.
Bank of Maharashtra Home Loan FAQs
What is the Bank of Maharashtra home loan interest rate?
Bank of Maharashtra home loan rates start at 7.25% p.a. for the strongest credit profiles and rise for lower CIBIL scores. Your final rate also depends on the loan amount, property and income.
Can I prepay my Bank of Maharashtra home loan without charges?
Yes, on a floating-rate home loan. RBI rules do not allow Bank of Maharashtra to charge individual borrowers for part-prepayment or foreclosure of floating-rate home loans.
How much of the property value will Bank of Maharashtra fund?
Bank of Maharashtra funds up to 75% of the property's value, within RBI's caps (up to 90% for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh). You pay the rest as your own contribution.
What is the maximum home loan tenure?
The maximum tenure is 30 years or until the applicable age limit, whichever is earlier.
What CIBIL score is preferred?
A 700+ CIBIL score is preferred, with the lowest published rate at 800+.
What documents are required?
KYC, income and property documents are required as listed in the Documents tab.
Can I transfer my existing home loan to Bank of Maharashtra?
Yes. Takeover of eligible existing housing loans is available.
Rates updated 2 Sep 2026 from Butter's lender rate data. Final terms are set by Bank of Maharashtra at sanction. Source: Bank of Maharashtra.