Bank of Maharashtra Home Loan Interest Rate — 16th September 2026
Public sector bank
Bank of Maharashtra publishes home loan interest rates from 7.00% to 9.65%. Below is its rate card exactly as it appears on Bank of Maharashtra’s own website, what that card says about who gets the best rate, and what the numbers come to as a monthly EMI.
Starting rate
7.00%
Top of published range
9.65%
Benchmark
RLLR 8.05%
Effective from
Not published
Read from Bank of Maharashtra’s own website on 16 September 2026. Source and method
Bank of Maharashtra home loan interest rate card
By CIBIL score and employment
| CIBIL score | Salaried | Non-salaried |
|---|---|---|
| 800 and above | 7.00% | 7.10% |
| 750 – 799 | 7.25% | 7.35% |
| 725 – 749 | 7.70% | 7.80% |
| 700 – 724 | 7.75% | 7.95% |
| 650 – 699 | 8.35% | 8.55% |
| 600 – 649 | 8.75% | 8.95% |
| Below 600 | 9.15% | 9.65% |
| No credit history (−1 to 5 / NTC) | 7.70% | 7.90% |
| Govt / PSU salaried, gross ₹50,000+, 700 and above (not via DSA) | 7.15% | — |
Maha Super Housing Loan scheme for the general public. Every rate is RLLR plus or minus a published spread.
What Bank of Maharashtra’s interest rate card tells you
Bank of Maharashtra publishes the lowest card rate open to any salaried borrower among the lenders we track: 7.00% for a CIBIL score of 800 or more. The grid is long, and it rewards two things. Salary does — non-salaried borrowers pay 0.10% more at the top and 0.50% more below 600. So does a clean score: 750–799 costs 7.25%, but slipping into 725–749 costs 7.70%. With no credit history at all you’re priced at 7.70% salaried, better than anyone scoring below 725. Government and PSU employees earning ₹50,000 gross get 7.15% from a score of 700, provided the loan doesn’t come through a DSA.
Its floor puts Bank of Maharashtra joint 1st out of 48 lenders on our list, and joint 1st among the 11 public sector banks. Measured against the RBI repo rate of 5.25%, Bank of Maharashtra’s floor carries a spread of 1.75 points. Between the bottom and top of Bank of Maharashtra’s published range, the EMI on ₹60 lakh over 20 years moves by ₹9,999 a month — which is why the band you land in matters more than the headline.
EMI at Bank of Maharashtra’s home loan interest rate
What Bank of Maharashtra’s 7.00% starting rate costs each month on common loan sizes. Treat these as the lowest EMI Bank of Maharashtra would charge, not the likely one.
| Loan amount | 10 years | 15 years | 20 years | 25 years | 20 yrs at 9.65% |
|---|---|---|---|---|---|
| ₹35 lakh | ₹40,638 | ₹31,459 | ₹27,135 | ₹24,737 | ₹32,968 |
| ₹50 lakh | ₹58,054 | ₹44,941 | ₹38,765 | ₹35,339 | ₹47,097 |
| ₹70 lakh | ₹81,276 | ₹62,918 | ₹54,271 | ₹49,475 | ₹65,936 |
| ₹1 crore | ₹1,16,108 | ₹89,883 | ₹77,530 | ₹70,678 | ₹94,195 |
Reducing-balance EMI, before processing fees and insurance. Run your own numbers →
Bank of Maharashtra against lenders priced nearby
How Bank of Maharashtra’s floor compares with the four closest on our list — same ₹60 lakh, 20-year loan throughout, so the EMIs line up.
| Lender | Published rate | EMI, ₹60 lakh / 20 yrs | vs Bank of Maharashtra |
|---|---|---|---|
| Bank of Maharashtra Public sector bank | 7.00% – 9.65% | ₹46,518 | — |
| Central Bank of India Public sector bank | 7.00% – 9.25% | ₹46,518 | same |
| HSBC Foreign bank | 7.00% – 8.10% | ₹46,518 | same |
| Indian Overseas Bank Public sector bank | 7.10% – 8.20% | ₹46,879 | +₹361/mo |
| Canara Bank Public sector bank | 7.15% – 10.00% | ₹47,060 | +₹542/mo |
What moves your rate at Bank of Maharashtra
- If you’re salaried and just below a score of 750, it can pay to wait before applying: Bank of Maharashtra prices 750–799 at 7.25% and 725–749 at 7.70%.
- Pull your credit report at least a month before you apply. Errors — a closed loan still showing as open, a card you never took — are common, and correcting one can move you up a band on a grid like this.
- Read the sanction letter for the benchmark, the spread and how often the rate resets. Those three lines decide your EMI for the life of the loan far more than the day-one rate does.
What a Bank of Maharashtra home loan costs beyond interest
| Processing fee | 0.25% of the loan amount, maximum ₹25,000, excluding GST. Nil on the Maha Super Green Housing Loan. On a ₹60 lakh loan, that comes to ₹15,000, before GST. |
|---|---|
| Prepayment and foreclosure | None — no prepayment, pre-closure or part-payment charges. |
| Account handling (documentation, inspection, CIBIL) | 0.10% of the loan, minimum ₹500, maximum ₹11,000 |
| Switching between floating and fixed | ₹5,000; needs a credit score above 700 |
| Plot loan with no construction within 2 years | Rate rises 2% above normal |
Government and PSU employees moving an existing loan across get the fee waived in full.
Source: Bank of Maharashtra’s own schedule of charges, read on 16 September 2026: https://bankofmaharashtra.bank.in/service-charges
Who can get a Bank of Maharashtra home loan
| Who can apply | Salaried employees with at least a year of continuous service, self-employed professionals and business owners; NRIs, PIOs and OCIs with two years of work abroad. |
|---|---|
| Age | Loan to end by 75 |
| Longest term | 30 years |
| Women borrowers | 0.05% lower rate for women borrowers |
Source: Bank of Maharashtra’s home loan page, read on 16 September 2026. Meeting these criteria doesn’t guarantee approval. https://bankofmaharashtra.bank.in/personal-banking/loans/home-loan
Bank of Maharashtra home loan interest rate — common questions
What home loan interest rate does Bank of Maharashtra charge?
What is Bank of Maharashtra’s home loan processing fee?
What is the maximum tenure of a Bank of Maharashtra home loan?
Does Bank of Maharashtra charge more for a lower CIBIL score?
What is the EMI on a ₹60 lakh home loan from Bank of Maharashtra?
Is Bank of Maharashtra’s home loan interest rate fixed or floating?
How does Bank of Maharashtra compare with Central Bank of India?
Where these figures come from
Source: Bank of Maharashtra’s own interest rate page, read by BankCreds on 16 September 2026: https://bankofmaharashtra.bank.in/retail-interest-rates
Bank of Maharashtra publishes no effective date for this rate, so we don’t show one.
Our record of Bank of Maharashtra’s rates starts on 16 September 2026; later changes will appear here when we find them. Bank of Maharashtra’s fees and eligibility on this page were read from Bank of Maharashtra’s own documents, and each section links to where.
Rates are what Bank of Maharashtra publishes, not an offer: the rate you’re quoted is set by Bank of Maharashtra after it assesses your application. How we collect and check rates →