Bank of Maharashtra Loan Against Property

The Bank of Maharashtra offers home loans starting at 12 with tenures up to 30 years, catering to salaried, self-employed, and NRI applicants. The Maha Super Housing Loan Scheme supports property purchases, construction, and extensions with flexible repayment options and concessions for women and defence personnel.

Feature	Details
Interest Rate (Home Loan)	Starts from 12 (2026)
Interest Rate (Loan Against Property)	Starts from 12 (2026)
Maximum Loan Amount (Home Loan)	Up to 90% of property value
Maximum Loan Amount (Loan Against Property)	Up to ₹10 crore
Loan Tenure (Home Loan)	Up to 30 years or until borrower turns 75, whichever is earlier
Loan Tenure (Loan Against Property)	Up to 15 years
Processing Fee (Home Loan)	0.25% of loan amount (zero processing fees until December 2025)
Prepayment/Foreclosure Charges (Home Loan)	Nil (floating rate loans, as per RBI guidelines)
Eligibility (Salaried Applicants)	Age 21–60 years, minimum monthly income ₹25,000, CIBIL score 650+
Eligibility (Self-Employed Applicants)	Age 21–60 years, minimum 3 years business stability, CIBIL score 650+
LTV Ratio (Home Loan)	Up to 90% of property value; up to 75% for top-up loans
LTV Ratio (Loan Against Property)	Up to 75% of property value (based on valuation report not older than 3 years)
Application Process	Online via official website or Mahamobile Plus app, or in-person at branches
Property Age Limit	Not more than 30 years old (for Maha Super Housing Loan Scheme)
Loan Purpose	Purchase/construction of house/flat, plot purchase, extension, renovation
Special Schemes	Maha Super Housing Loan Scheme for salaried, self-employed, and NRIs
Concessions	12 p.a. interest rate concession for women and defence personnel
EMI for ₹20 Lakh Loan	₹13,441/month (at 12 interest for 20 years)
Documentation Required	ID proof, address proof, income proof, property documents, sale agreement, ITR (self-employed), bank statements
Property Valuation Validity	Valuation report not older than 3 years
Approval Time	Within 7 working days (with complete documents)
Disbursal Time	10 to 14 days after approval
Balance Transfer Option	Available for existing home loans from other lenders
Top-Up Loan Eligibility	Available on existing home loans with BOM or transferred LAP

Borrowers can use up to 90% of their property's value under BOM's home loan scheme, with fast processing and digital application options accessibility. The Bank Loan Maximum Loan Eligible Purpose Tenure LTV Interest Processing Prepayment Security Documentation Repayment Transfer For EMI Contact

• Identity proof: Aadhaar card, PAN card, or Passport – mandatory for all applicants.
• Address proof: Recent electricity bill, water bill, or rental agreement not older than 3 months.
• Income proof for salaried individuals: Latest 3 months' salary slips and Form 16 or 2 years' ITR with computation of income.
• Income proof for self-employed: Latest 3 years' ITR along with audited financial statements and business address proof.
• Property documents: Registered sale deed, title deed, and property tax receipt to establish ownership and clear title.
• Technical valuation report: A bank-approved valuer must inspect the property; report valid for up to 3 years.
• Bank account statements: Last 12 months' statements for all primary bank accounts held by the applicant.

Submitting complete and verified documents ensures faster processing and avoids delays in loan disbursal.

The EMI for a ₹50 lakh Loan Against Property at 12 for 15 years is ₹44,322. For a 10-year tenure at the same rate, the EMI increases to ₹60,121. EMI amounts vary significantly based on loan amount, interest rate, and tenure. A borrower with a higher income can opt for shorter tenures to reduce overall interest outgo.

Loan Amount (₹)	Interest Rate (p.a.)	Loan Tenure	EMI (₹)	Total Interest Payable (₹)	Total Repayment (₹)
30,00,000	12	15 years	26,593	17,86,740	47,86,740
30,00,000	12	10 years	36,073	13,28,760	43,28,760
50,00,000	12	15 years	44,322	29,77,960	79,77,960
50,00,000	12	10 years	60,121	22,14,520	72,14,520
75,00,000	12	15 years	66,483	44,66,940	1,19,66,940
75,00,000	12	10 years	90,181	33,21,720	1,08,21,720
1,00,00,000	12	15 years	88,644	59,55,920	1,59,55,920
1,00,00,000	12	10 years	1,20,242	44,29,040	1,44,29,040

Bank of Maharashtra allows a maximum tenure of 15 years for Loan Against Property. The processing fee ranges from 12 to 3% of the loan amount plus GST. A property valuation report not older than 3 years is mandatory for LTV assessment. The EMI calculator available on Bank of Maharashtra's website helps borrowers estimate monthly outflows. Accurate inputs on income, loan amount, and tenure improve estimation accuracy. The table below details the exact fees and charges associated with a Loan Against Property (LAP) from Bank of Maharashtra, based on 2026 policy guidelines and official disclosures.

Fee Type	Charge	Conditions / Notes
Processing Fee	0.5% to 3% of loan amount + GST	Non-refundable; varies based on loan size and borrower profile
Foreclosure Charges	2% to 4% of outstanding loan amount + GST	Not applicable for floating rate loans to individual borrowers (RBI guidelines)
Part-Prepayment Charges	Applicable	Penal interest may apply; exact rate varies by case
Legal Verification Fees	Applicable	One-time charge for property title check and documentation
Technical Evaluation Fees	Applicable	Charged for property valuation and site inspection
Administrative Charges	Applicable	Covers internal processing and file handling
Notice of Intimation (NOI) Charges	Applicable	Fee for issuing mortgage intimation to property registrar
Documentation Charges	Applicable	Includes stamp paper, notarization, and registration costs
Valuation Fees	Applicable	Based on property type and location
Top-up Loan Fee (if applicable)	0.25% to 0.5% of top-up amount	Subject to minimum threshold; applies in balance transfer with top-up
Prepayment Charges (Home Loan Takeover)	Nil	Zero prepayment charges for Maha Super Housing Loan for Salaried Persons
Inspection Charges (Gold Loan)	Nil	No charges for documentation or inspection in gold loan segment

Bank of Maharashtra waives prepayment penalties on select home loan products, but LAP borrowers should expect foreclosure charges between 2% and 4% unless exempt under RBI rules.

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Key Takeaways

• Bank of Maharashtra offers LAP with tenures up to 15 years, allowing long-term repayment flexibility (2026 data).
• Processing fees for LAP range from 12 to 3% of the loan amount + GST, with no waiver currently in place beyond December 2025.
• LAP is available for both residential and commercial properties, with foreclosure charges between 2% and 4% of outstanding amount + GST, except for floating rate loans to individuals.

Check eligibility and apply at the official Bank of Maharashtra website.