Bank Of Maharashtra Home Loan Offer
Bank of Maharashtra offers eligible customers home loans with interest rates starting from 8.35% p.a. onwards. A high loan amount is provided and the repayment tenure is up to 30 years. Currently, Bank waive off the processing fee till 31st July 2024.
| CIBIL Score | Salaried | Non-Salaried |
| 800 and above | 8.35% p.a. | 8.45% p.a. |
| 750 to 799 | 8.40% p.a. | 8.50% p.a. |
| 725 to 749 | 8.80% p.a. | 8.90% p.a. |
| 700 to 724 | 9.30% p.a. | 9.50% p.a. |
| 650 to 699 | 9.80% p.a. | 10.00% p.a. |
| 600 to 649 | 10.00% p.a. | 10.20% p.a. |
| below 600 | 10.40% p.a. | 10.90% p.a. |
| -1 to 5 | 8.80% p.a. | 9.00% p.a. |
Bank of Maharashtra home loans is designed for the self-employed and salaried segments as a financial solution to purchase, extend, construct, repair and renovate homes. The interest rates charged by the bank are attractive, and the Zero fees make the loan affordable. There are no hidden costs, and a loan balance transfer facility is also available.
When buying a home, the interest rate on a home loan can be the difference between a comfortable and a stressful journey. And Bank of Maharashtra understands that offering home loans at an interest rate is as smooth as a gentle breeze. With rates starting at 8.35% p.a., the bank holds your hand and guides you through owning your home. The interest rate is subject to change based on the market conditions.
Bank of Maharastra Home Loan : Key Highlights
When securing a home loan, the Bank of Maharashtra is the ship’s captain, steering you towards your dream home. Here are some key highlights of the bank’s home loan offerings:
- Competitive interest rates: Bank of Maharashtra offers home loans at an interest rate starting at 8.35% p.a. It is subject to change based on the market conditions.
- Flexible repayment options: The bank offers loan tenures ranging from 12 months to 240 months (20 years) depending on the applicant’s loan amount, income and repayment capacity.
- Quick and easy application process: Bank of Maharashtra has made the application process simple and efficient, ensuring customers can apply for a home loan with minimal documentation and hassle.
- Wide range of loan options: Bank of Maharashtra offers different types of home loans such as housing loans, home combo loans, and housing loan tips up to cater to customers’ different needs and requirements.
- High loan amount: The bank offers home loans up to 90% of the property value, giving customers the financial flexibility to purchase their desired home.
- Swift disbursal: The bank ensures a swift and efficient disbursal process, with the loan amount being credited to the customer’s account within a few days of loan approval.
- Zero processing fee: Bank of Maharashtra does not charge any processing fee on home loan applications, saving customers additional costs.
- No hidden charges: The bank is transparent about all charges and fees associated with their home loans, ensuring customers know all costs.
- No prepayment penalty: The bank does not charge any penalty for prepaying the home loan, allowing customers to save on interest costs.
Bank of Maharastra Home Loan Interest Rate For Various Schemes
When it comes to purchasing a home, the Bank of Maharashtra offers a variety of loan options. With the bank’s efficient and transparent process, you can be sure you will find the perfect loan option to suit your needs. Each option is tailored to cater to the specific needs of different customers.
Now Apply a dream Home loan with Bank Of Maharastra.