How will Bank of Maharashtra choose the mortgage quantity i am eligible for?

Maximum loan amount will be most affordable of loan quantity assessed on the basis of Permissible Deduction standards, Maximum acceptable LTV ratio, Loan quantity requested.

When does my mortgage EMIs start?

EMI's starts from the month subsequent to the month in which dispensation of the loan is done. For loans for under-construction residential or commercial properties EMI normally starts after the total mortgage is disbursed but customers can choose to start their emi's as quickly as they obtain their very first dispensation and their emi's will increase proportionately with every subsequent dispensation. For resale cases, given that the entire loan amount is disbursed in one go, emi on the entire loan amount start from the subsequent to the month of dispensation

Can mortgage be moved from one bank to another?

Yes, it is possible to move a mortgage in India, from one Bank to another under particular circumstances.
Mortgage transfer normally refers to the process of transferring an existing mortgage from one bank or banks to another.
This is done to make the most of much better rates of interest, lower fees or enhanced loan terms used by the new loan provider

What is floating rates of interest?

A drifting rates of interest sometimes called variable interest rate, is a rate of interest that differs gradually according to changes in a recommendation rate or index.
It's typically used in monetary products like mortgages, mortgage and other investments.

What is the EMI for 50 lakhs mortgage?

For computing the EMI (Equated Monthly Installment) for a mortgage in India, we should also consider the loan amount, rates of interest and loan duration. To get precise EMI price quote, check out the website of Bank of Maharashtra & determine the accurate EMI cost utilizing mortgage EMI calculator.The approximate EMI for a 50 lakhs mortgage with a rate of interest of 7.35% per year and 15 year tenure would be around 45925

What are the different kind of mortgage readily available?

Depending upon the requirements and requirements of customers, there are various types of mortgage readily available in India.
A few of the popular kinds of mortgage includes,
Plot Purchase & Construction thereon LoansHome/Flat Purchase LoansLoans for repair/renovation of existing homesHome Extension Loan- NRI Home Loans

Which factor affect mortgage eligibility?

Some of the elements that affect mortgage eligibility in India are:
- Income- Credit Report- Employment Stability- Age- Existing Debt Obligations- Down Payment- Residential Or Commercial Property Value and Location- Loan Tenure

Can mortgage be taken jointly?

Yes, it is possible to get a mortgage in India jointlyalong with close family members.
Joint mortgage prevail which use different advantages to clients. When two or more people use for a mortgage together, they are sharing the obligation as well as eligible for greater loan amount.

How to get a mortgage with ease?

Obtaining a mortgage in India is an essential financial decision. While the treatment may need some documentation and effort, there are several actions you can do to enhance your possibilities of getting approved for a mortgage.
- Check if you're eligible- Maintain great credit rating- Choose the best loan type- Organize your files

How to inspect mortgage eligibility?

To inspect mortgage eligibility in India, you need to think about the following requirements:
- Consider your earnings and financial stability- Determine your credit rating- Find out your payment ability- Make usage of online eligibility calculators

Who can be a co-applicant?

A co-applicant can be any person who shares the monetary commitment and accountability of the loan with the main applicant while getting a mortgage in India.
The co-applicant will be thought about as an equal debtor and equally liable for loan payment.
It can be the main applicant's partner, moms and dads, kids, brother or sisters or other close family loved ones who have a stable income

When does my loan repayment duration begin?

The repayment duration for a mortgage typically begins after the loan has been disbursed to you and/or the residential or commercial property purchasetransaction has actually been finished. This suggests that when you have actually received the funds and the ownership of the home has actually been transferred to you, your repayment responsibilities will start.The particular start date of your mortgage payment duration ought to be laid out in the loan agreement you signed with the lending institution. It is essential to examine your loan arrangement to comprehend the conditions, consisting of the repayment start date, payment schedule, rate of interest, and any other relevant details relating to your specific loan.

For what function Can I take top up mortgage?

Top-Loan on your mortgage can be availed for numerous purposes such as repair work and remodellings and other expenditures such as weddings, education etc.

. What is the interest rate of top up loan in BoM?

ROI on the top -up loans for repair work and renovation in addition to for any other function will be 20bps greater than that suitable on the Maha Super Housing Loan Scheme (currently).

What are the advantages of home top up loan?

The advantages of a Home Top-Up Loan include access to extra funds for various functions such as repair work and restoration, marital relationship and other associated expenses at lower rate of interest compared to personal loans. Additionally, the repayment tenure on Top-Up loans is higher than that of individual loans.

How lots of times we can get top up mortgage?

There is no limit on the variety of times you can get of a Top-up loan on your mortgage depending upon fulfilling other conditions according to the Top-Up Loan. However, just one top-up loan can be active at any offered time.

What is eligibility for mortgage in Bank of Maharashtra?

For Resident Indians: Individual salaried staff members (with a permanent job for a duration of minimum 1-year continuous service) of State/ Central Government/ Public/ Economic Sector Companies of repute, Self-Employed Professionals, and Businessmen.Non-resident Indians (NRIs) holding Indian Passport, Persons of Indian Origin (PICOs), and Overseas Citizens of India (OCI) are treated as NRIs: Salaried applicants/ co-applicant/s (whose earnings can be considered for eligibility), must have a regular task abroad in a reputed Indian/ Foreign Company, Organization or Government Department having a legitimate task contract/work license for the minimum past 2 years.

How can we make an application for mortgage?

To look for a Mortgage, one can either check out the closest branch and finish all the needed formalities or apply online through Bank of Maharashtra's website: bankofmaharashtra.in

How much time does it require to sanction mortgage?

Usually, loans are disbursed within 3-10 days after acceptable completion of documents and all the needed procedures.

What is mortgage rate of interest at bank of maharashtra?

Rate of interest for Mortgage depend on a range of aspects such as Credit report, quantity of loan, profession etc. For more info on Rate of interest on Mortgage click on www.bankofmaharashtra.in

How to get mortgage for construction of house?

To use for a Mortgage, you can apply online through our website (bankofmaharashtra.in) or can check out the nearby branch and finish all the needed formalities.

what is the interest rate for mortgage for womens?

Yes, Mortgage interest rates are lower for females than those relevant to others. The bank offers a 0.05% concession on mortgage to ladies, based on certain terms and conditions.

How much percentage interest for BoM mortgage for womens?

Rate of interest for Mortgage depend on range of factors such as credit report, quantity of loan, occupation etc. Additionally, Bank of Maharashtra offers a 0.05% concession on interest for women debtors.

What is bank of maharashtra mortgage processing cost?

The relevant processing charge is 0.25% of the loan amount plus appropriate GST.Note: Processing Fees waiver for the period upto 31.12.2025

who can be co candidate for mortgage?

All co-owners of the residential or commercial property requirement to be co-applicants to the mortgage. Generally, co-applicants are close relative.

How does mortgage period affect your rates of interest?

No, Mortgage tenure does not affect your interest rates. Rate of interest on Bank of Maharashtra mortgage are calculated based upon the credit history of the applicant/s.

Is it mandatory to take home loan insurance?

While not compulsory, the Bank strongly advises considering Mortgage insurance. This insurance coverage functions as a safeguard, securing your Mortgage in the event of unpredicted scenarios.

Is there any prepayment or foreclosure charges in mortgage?

There are no Pre-Payment/ Pre-Closure/ Part-Payment Charges

What is the optimum tenure on Bank of Maharashtra home laon?

The optimum period for Bank of Maharashtra Mortgage is up to thirty years or until the borrower reaches the age of 75 years, whichever is previously.

How to Apply

How to Apply Mortgage

Scan this Code to see
How to Apply for Digital Loans Online

Follow the step by action instructions to get digital loan center from our bank.Please click on the following link to view how to request Digital Loan Online: How to Look For Digital Loans Online

Similar Products

Purchase of New House/FlatBank of Maharashtra offer loan for purchase a new home or for purchase a flat.

Home Extension LoanIt is a loan to extend or add area to your home such as additional rooms and floorings etc.

Plot Purchase LoanFor purchase of a plot through direct allotment or a second sale deal too ...

House Renovation LoansIt is a loan for remodeling your home in many methods such as tiling, flooring and painting etc.

. KNOW MORE

Internet Banking

Interest Rates

Education Loan

Deposit Schemes

Apply Online

Housing Loan

e-GST Loan

Auto loan

Gold Loan

Personal Loan

Online SB Account

Downloads

Calculators

Service Charges Public Information Gallery Social Activity Assets for Sale Tenders
Disclosure

Basel II DisclosureBasel III DisclosureBRSR DisclosuresESG Disclosures
Compliance

RTI Replies to RTI Applications CEPD Citizen Charter ABBFF Guidelines PIDPI Complaint Handling Mechanism Independent External displays (IEMs).
Employee Corner

Reservation Roster Retired Employee's Corner Life Certificate Format for Staff Pensioner HRMS.
Financial Inclusion/ Pradhamantri Yojana

PMJDYPMJDY FAQs.
Important Links

Is your Checking account KYC compliant?Bank's wilful Defaulters Assets in belongings under SARFAESI Action State Wise Holiday RBI Kehta Hai Sachet Portal Calendar 2025Verify CheckSum valueBlogsFeedback.
Contact us

Bank of Maharashtra Head Office.
Lokmangal, 1501, Shivajinagar.
Pune-411005,.
020 - 25514501 to 25514505

Important

Bank of Maharashtra never request for Checking account information for any purpose through phone call/email/SMS.
Bank appeals to all the clients not to react to such phone call/email/SMS and not to share their checking account detail with any one for any function. Never share your CVV/ PIN No. of Debit/Credit card to anyone.
Disclaimer Privacy Policy Cookies Policy Sitemap

Click here to view last checked out page

Our Services

© 2025 Bank of Maharashtra. All Rights Reserved.
General Terms & Conditions *

Bank of Maharashtra, India's leading Public Sector Bank provides Deposits, Loans, Digital items for individual Banking, Corporates, MSMEs & NRI Customers Bank of Maharashtra use cookies to improve your experience on Bank's website. Read More ... By utilizing our site, you agree to put these cookies on your device. You can disable/delete these cookies by changing your web internet browser settings. Bank of Maharashtra is not accountable for cookies positioned in the gadget of user/s by any other site and info collected thereto. Take a look at our Cookie/Privacy Policy and Terms & Conditions.