Bank of Maharashtra Personal Loan interest rates · November 2026
Your personal loan 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 10.00%, you repay ₹6.37 lakh: ₹5 lakh borrowed and ₹1.37 lakh interest.
From the first year, most of each EMI repays the loan.
Every 0.25% off the rate saves about ₹61 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
- 10.00% p.a.
- Rate type
- Floating
- Pricing published as
- RLLR + 1.70%
- Benchmark
- RLLR today: 8.30%
- Who it's for
- Government / PSU employees · Credit score 800 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 personal loan schemes
Maharashtra publishes one personal loan scheme we can read.
| Scheme | Published rate | EMI range* | Choose |
|---|---|---|---|
| Maha Bank Personal Loan42 borrower bands | 10.00%–15.25% | ₹10,624–₹11,961 | Selected |
*₹5 lakh over 5 years, before fees. Scheme names follow the bank's published wording.
Every personal loan rate Maharashtra publishes
42 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 |
|---|---|---|---|---|
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Bank of Maharashtra · 800 & above | Government / PSU employees · Credit score 800 and above | 10.00% | ₹10,624 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Bank of Maharashtra · 776 to 799 | Government / PSU employees · Credit score 776–799 | 10.20% | ₹10,673 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Bank of Maharashtra · 750 to 775 | Government / PSU employees · Credit score 750–775 | 10.75% | ₹10,809 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Bank of Maharashtra · 681 to 749 | Government / PSU employees · Credit score 681–749 | 11.35% | ₹10,959 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Bank of Maharashtra · 680 & below | Government / PSU employees · Credit score up to 680 | 13.80% | ₹11,582 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Bank of Maharashtra · NTC or -1 or 0 | Government / PSU employees · New to credit | 10.75% | ₹10,809 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Other Bank · 800 & above | Credit score 800 and above | 10.45% | ₹10,735 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Other Bank · 776 to 799 | Credit score 776–799 | 10.70% | ₹10,797 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Other Bank · 750 to 775 | Credit score 750–775 | 11.20% | ₹10,921 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Other Bank · 681 to 749 | Credit score 681–749 | 12.60% | ₹11,274 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Other Bank · 680 & below | Credit score up to 680 | 14.80% | ₹11,843 | |
| Maha Bank Personal LoanCategory –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Other Bank · NTC or -1 or 0 | New to credit | 11.30% | ₹10,946 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Bank of Maharashtra · 800 & above | Credit score 800 and above | 10.50% | ₹10,747 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Bank of Maharashtra · 776 to 799 | Credit score 776–799 | 11.45% | ₹10,984 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Bank of Maharashtra · 750 to 775 | Credit score 750–775 | 11.75% | ₹11,059 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Bank of Maharashtra · 681 to 749 | Credit score 681–749 | 12.25% | ₹11,185 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Bank of Maharashtra · 680 & below | Credit score up to 680 | 14.90% | ₹11,869 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Bank of Maharashtra · NTC or -1 or 0 | New to credit | 12.25% | ₹11,185 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Other Bank · 800 & above | Credit score 800 and above | 11.75% | ₹11,059 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Other Bank · 776 to 799 | Credit score 776–799 | 12.50% | ₹11,249 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Other Bank · 750 to 775 | Credit score 750–775 | 13.25% | ₹11,441 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Other Bank · 681 to 749 | Credit score 681–749 | 14.00% | ₹11,634 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Other Bank · 680 & below | Credit score up to 680 | 15.25% | ₹11,961 | |
| Maha Bank Personal LoanCategory –B i. e Confirmed Employees of Private / Public Limited Company having 10 years of existence · Having Salary Account with Other Bank · NTC or -1 or 0 | New to credit | 13.25% | ₹11,441 | |
| Maha Bank Personal LoanCategory C i.e All Other Salary account holders (Confirmed Employees) of eligible category of employers whose salary is credited in our Bank and tie up arrangem · 800 & above | Credit score 800 and above | 12.25% | ₹11,185 | |
| Maha Bank Personal LoanCategory C i.e All Other Salary account holders (Confirmed Employees) of eligible category of employers whose salary is credited in our Bank and tie up arrangem · 776 to 799 | Credit score 776–799 | 13.00% | ₹11,377 | |
| Maha Bank Personal LoanCategory C i.e All Other Salary account holders (Confirmed Employees) of eligible category of employers whose salary is credited in our Bank and tie up arrangem · 750 to 775 | Credit score 750–775 | 13.50% | ₹11,505 | |
| Maha Bank Personal LoanCategory C i.e All Other Salary account holders (Confirmed Employees) of eligible category of employers whose salary is credited in our Bank and tie up arrangem · 681 to 749 | Credit score 681–749 | 14.00% | ₹11,634 | |
| Maha Bank Personal LoanCategory C i.e All Other Salary account holders (Confirmed Employees) of eligible category of employers whose salary is credited in our Bank and tie up arrangem · 680 & below | Credit score up to 680 | 15.25% | ₹11,961 | |
| Maha Bank Personal LoanCategory C i.e All Other Salary account holders (Confirmed Employees) of eligible category of employers whose salary is credited in our Bank and tie up arrangem · NTC or -1 or 0 | New to credit | 13.75% | ₹11,569 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME FOR PROFESSIONALS · 800 & above | Credit score 800 and above | 11.25% | ₹10,934 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME FOR PROFESSIONALS · 776 to 799 | Credit score 776–799 | 11.50% | ₹10,996 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME FOR PROFESSIONALS · 750 to 775 | Credit score 750–775 | 11.75% | ₹11,059 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME FOR PROFESSIONALS · 681 to 749 | Credit score 681–749 | 12.25% | ₹11,185 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME FOR PROFESSIONALS · 680 & below | Credit score up to 680 | 15.25% | ₹11,961 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME FOR PROFESSIONALS · NTC or -1 or 0 | New to credit | 13.25% | ₹11,441 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME- for Business Class having active Housing Loan with us. · 800 & above | Credit score 800 and above | 11.00% | ₹10,871 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME- for Business Class having active Housing Loan with us. · 776 to 799 | Credit score 776–799 | 11.25% | ₹10,934 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME- for Business Class having active Housing Loan with us. · 750 to 775 | Credit score 750–775 | 11.50% | ₹10,996 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME- for Business Class having active Housing Loan with us. · 681 to 749 | Credit score 681–749 | 12.00% | ₹11,122 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME- for Business Class having active Housing Loan with us. · 680 & below | Credit score up to 680 | 14.80% | ₹11,843 | |
| Maha Bank Personal LoanMAHA BANK PERSONAL LOAN SCHEME- for Business Class having active Housing Loan with us. · NTC or -1 or 0 | New to credit | 11.75% | ₹11,059 |
*₹5 lakh over 5 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.
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 personal loan: questions borrowers ask
What is the Maharashtra personal loan interest rate?
As of 15 Nov 2026, Bank of Maharashtra publishes personal loan rates of 10.00% to 15.25% a year (floating). The lowest, 10.00%, is for: Category –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions · Having Salary Account with Bank of Maharashtra · 800 & above. The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹5 lakh personal loan from Maharashtra?
At Maharashtra's lowest published rate of 10.00%, a ₹5 lakh personal loan over 5 years costs about ₹10,624 a month, or ₹1,37,411 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 personal loan?
Of the 7 banks we read for personal loans, Maharashtra's lowest published rate (10.00%) ranks number 2; the lowest is 10.00% at SBI. 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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