Loan Details
Bank Name
Bank of Maharashtra
Maximum Loan Tenure
Up to 30 years or on borrower reaching the age of 75 years whichever is earlier.
Maximum Loan Amount
Not specified by the bank.
Interest Rate
For Floating interest rate: 8.45% to 10.90% per annum, for Fixed interest rate: 11.35% to 12.55% per annum.
Type
Both
Down Payment
LTV ratio of 75% to 90%.
Fees and Charges
Processing fees- 0.25% on the loan amount. (Maximum 25,000) Pre-payment charges: NIL for floating interest rate. 2% for fixed interest rate. Late payment charges: 2% on overdue amount. Legal charges: At actuals. Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Maha Super Housing Loan Scheme for Construction/Acquiring.
Special Features
None
Eligibility Criteria
- Resident Indian citizen.
- Non-Resident Indians (NRIs).
- Person of Indian origin (PIOs).
- Overseas citizen of India
Special Concession
A concessional interest rate of 8.40% per annum is available for Government employees.
Home Saver Option
Features, Eligibility and Concession
Pros
- Maximum loan tenure of up to 30 years.
- Minimal processing fee.
Cons
- No Home Saver option.
Pros & Cons
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T11:00:50Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
