Bank of Maharashtra Loan Against Property interest rates · November 2026
Your loan against property at Maharashtra.
Choose a scheme. Understand the rate. Explore your repayment.
What would I pay each month?
See scheme conditions Scheme selected for illustration. Check eligibility with the bank.
At 9.95%, you repay ₹57.86 lakh: ₹30 lakh borrowed and ₹27.86 lakh interest.
In the first 8 years, most of each EMI is interest. From year 9, most of it repays the loan.
Every 0.25% off the rate saves about ₹457 a month. Worth asking for.
Range estimate, not your approved offer. Excludes fees. Assumes the rate stays unchanged.
Scheme conditions & source
Understand this scheme
- Published rate
- 9.95% p.a.
- Rate type
- Floating
- Pricing published as
- RLLR + 1.65%
- Benchmark
- RLLR today: 8.30%
- Who it's for
- Credit score 750 and above
What still needs confirming
- Your eligible rate and the scheme's conditions
- Processing fees and other charges
- How often the rate resets, and to what
Effective date not stated · checked 15 Nov 2026
Compare Maharashtra's loan against property schemes
Maharashtra publishes one loan against property scheme we can read.
| Scheme | Published rate | EMI range* | Choose |
|---|---|---|---|
| Loan against Property (individuals)6 borrower bands | 9.95%–10.95% | ₹32,146–₹34,004 | Selected |
*₹30 lakh over 15 years, before fees. Scheme names follow the bank's published wording.
Every loan against property rate Maharashtra publishes
6 rates across 1 scheme, by who each is for. Answer “About you” to see which apply to you.
| Scheme and band | Who it's for | Rate | EMI* | Use |
|---|---|---|---|---|
| Loan against Property (individuals)750 and above | Credit score 750 and above | 9.95% | ₹32,146 | |
| Loan against Property (individuals)700 to 749 | Credit score 700–749 | 10.30% | ₹32,791 | |
| Loan against Property (individuals)650 to 699 | Credit score 650–699 | 10.45% | ₹33,069 | |
| Loan against Property (individuals)600 to 649 | Credit score 600–649 | 10.70% | ₹33,535 | |
| Loan against Property (individuals)Below 600 | Credit score up to 599 | 10.95% | ₹34,004 | |
| Loan against Property (individuals)-1 or 0 and 01 to 05 | New to credit | 10.45% | ₹33,069 |
*₹30 lakh over 15 years, before fees. Band names are the bank's own; “who it's for” is what they state.
How Maharashtra compares
Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.
Loan against property · EMI on ₹30 lakh over 15 years
The rates Maharashtra's loans are linked to
A floating loan's rate is one of these plus a spread fixed when you borrow. When it moves, your EMI or your term moves at the next reset.
Official Checked 15 Nov 2026 · Bank's own page
Maharashtra loan against property: questions borrowers ask
What is the Maharashtra loan against property interest rate?
As of 15 Nov 2026, Bank of Maharashtra publishes loan against property rates of 9.95% to 10.95% a year (floating). The lowest, 9.95%, is for: 750 and above. The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹30 lakh loan against property from Maharashtra?
At Maharashtra's lowest published rate of 9.95%, a ₹30 lakh loan against property over 15 years costs about ₹32,146 a month, or ₹27,86,361 in interest over the loan. Charges and insurance are extra.
Are Maharashtra loans linked to the repo rate?
Bank of Maharashtra's repo-linked lending rate (RLLR) is 8.30%. Floating retail loans are priced from it, plus a spread fixed when you borrow.
Is Maharashtra cheaper than other banks for a loan against property?
Of the 6 banks we read for loan against propertys, Maharashtra's lowest published rate (9.95%) ranks number 5; the lowest is 8.90% at BoB. Compare the charges as well as the rate.
Does RateScan get paid by Maharashtra?
No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every scheme.
More from Maharashtra
Other banks
How we collect loan rates
From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.
A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.
Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.
The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.
No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.
Independent. No referral fees. Official sources.
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