Know more about Bank of Maharashtra Home Loan and its features
Buying your dream home has become simple and easy with a Bank of Maharashtra Home Loan. You can get a loan amount of up to 90% of the property’s value. Enjoy low interest rates starting from 8.35% p.a. You can repay the loan at your convenience over a flexible tenure of up to 30 years. Get this loan to buy, repair, or extend your home easily.
Here is an overview of the interest rates and other associated fees of a Bank of Maharashtra Home Loan:
Interest Rate |
8.35% p.a. onwards |
Processing Fee |
0.25% of the loan amount or up to ₹25,000 |
Part Pre-payment Charges |
Nil |
Foreclosure Charges |
Nil |
*Disclaimer: The details mentioned are subject to change at the lender’s discretion.
Depending on the scheme you choose, the rates and charges may differ. Refer to the bank’s official website for further details.
Save on your repayment costs with home loan interest rates starting from just 8.35% p.a.
Make part-prepayments or foreclose your loan without having to pay any extra charges
No need to pay the processing fee if you work for the government or a public sector company
Apply for the loan digitally and enjoy a quick and hassle-free process
Women and defence personnel can get a concession of 0.05% on the interest rate offered
If you have a home loan from the Bank of Maharashtra, you can get discounted interest rates on education and car loans from the bank
Here are the steps to apply for a Bank of Maharashtra Housing Loan digitally:
Visit the Bank of Maharashtra Home Loan webpage and click on ‘Apply Online’
Now, select ‘Apply Now’ under the ‘Housing Loan’ option
If you are an existing account holder, choose ‘Yes’ and enter your CIF/account number and mobile number
If you are not an existing account holder, enter your mobile number and register with an OTP
Upload your personal, occupational and income details in the new window
Provide existing loan and deposit details you wish to declare
Read the declaration and confirm by clicking the checkbox
If you want to add co-applicants, click on ‘Yes’ and add all relevant details or select ‘No’
Now share the loan and property-related details like the loan amount and tenure
Select the closest branch to your location
Complete eKYC verification with PAN number and more as per applicability
You can now check loan offers created as per the information you entered
Review the offer and click on ‘Apply for loan’
Once your application is submitted, download your Bank of Maharashtra Home Loan offer letter. Keep the application ID to easily track the status of your loan application.
Yes, Bank of Maharashtra determines the home loan interest rates offered on the basis of your CIBIL score.
You can get a tenure of up to 30 years with a Bank of Maharashtra Home Loan.
Yes, you can transfer your existing home loan to the Bank of Maharashtra with the help of a balance transfer facility.
The amount you can borrow depends on the property's value and the Loan-to-Value (LTV) ratio. Here is a breakdown that will help you estimate the amount you can get with a Bank of Maharashtra Home Loan:
90% LTV for home loan amount of up to ₹30 Lakhs
80% LTV for home loan amount of ₹30 Lakhs to ₹75 Lakhs
75% LTV for home loan amount over ₹75 Lakhs
Reach out to the Bank of Maharashtra through the following points of contact:
Phone number: 020 - 25514501 to 12
Toll-free numbers: 1800-233-4526 / 1800-102-2636
E-mail ID: cmcustomerservice@mahabank.co.in
Address: ‘Lokmangal’, 1501, Shivajinagar, Pune - 411005