Housing Loan Scheme

Special Housing Loan scheme

List of approved Builders by Bank of Maharashtra (City Wise)

Click here to view the Interest Rate of Housing Loan

Purpose
  • Build your own house
  • Purchase new house/Flat (Old or New)
  • Repairs/Renovation of existing house
Eligibility Salaried Persons, Professionals, Businessmen with sufficient disposable income. Farmers having min five acres of irrigated land holding. Non Resident Indians are also eligible.
Age Minimum 21 years -
Maximum :
60 years for salaried persons having Pension
60 years for Businessman
65 year for Professional i.e. Doctors/Architects/CAs etc.
  • Age at Maturity of Loan should not be more than 75 Years.
Quantum of Loan: For salaried class
60 times of Gross Salary or 75 times of Net Monthly salary which ever is higher subject to applicable margin

For Businessmen
Equal to avg annual income (Net profit + Depreciation) of last 3 yrs X 5 times (B/S, IT returns) Also note repayment of any other term liabilities. 

Maximum Loan Quantum: No maximum limit for Metro/Urban area
Rs.50 lakh in Semi Urban
Rs. 25 laks in Rural ares
Rs.5 lakh for repairs/renovation in all areas
Deductions Total deductions including proposed EMI should not exceed 65% of gross monthly salary / annual income.
Processing Fee Up to 25 Lakh : NIL
Above 25 Lakh : 0.25% of the Loan Amount: Subject to a Maxium Rs. 25,000/-
Documentation Charges 50% Concession on Existing charges
Presently 0.10% of the Loan Amount
Maxium: Rs. 10,000/-
Repayment Period Maximum repayment period is proposed to be:
For Purchase of New House/Flat : 360 months(However the repayment
period of 360 month is subject to the condition that the age at loan
maturity will not exceed 75 years.

For Purchase of old House/Flat : 240 months
Last Update Date : 03-01-2013
List of Specialized Branch
Locate Branch/ATM
Bank's Willful Defaulters
Central Processing Cells (CPCs) -
Bank has established Central Processing Cells (CPCs) for centralized processing and sanctioning of Commercial Credit advances including Corporate, MSME and other loan from loan quantum above Rs. 10.00 lacs in general and agricultural term loans more than Rs. 5.00 lacs. & for all Retail Credit.

 
e-SBTR -
Pay Stamp Duty & Registration Fee using Bank of Maharashtra Internet Banking

 
 
Inflation Indexed National Saving Securities - Cumulative

1 - Product details
2 - Application form
3 - FAQs-IINSS-C
 
Public Notice for Current and Saving Inoperative Accounts Holders with Zero Balance in General Category i.e. excluding the accounts opened for Direct Benefit Transfer / Electronic Benefit Transfer / Scholarships for students

Annual Maintenance Fee for ATM cum Debit Card will be charged Rs. 100 plus Service Tax from second year onwards (w.e.f. 01-03-2014)
 
CUSTOMER EDUCATION : Security Features of Indian Banknotes
 
A Little extra care makes your online transactions more secure

1- English Version
 
Revised Service Charges w.e.f. 01/09/2013
 
New Recurring Deposit Schemes : Maha Millionaire, Maha Lakhpati & Mahasanchay Systematic Deposit Plan
 
Mahabank gold loan scheme - Loan Against gold ornaments
 
Bancon 2012 : Bank of Maharashtra proudly hosted Bancon 2012 on 24th and 25th November 2012
 
MAHASUPER HOUSING LOAN
 
MAHASUPER CAR LOAN
 
Account Portability : Transfer of account from one branch to another branch in the Bank
 
Bank's Codes of Commitments to Customers
 
New Recurring Deposit Schemes : Maha Millionaire, Maha Lakhpati & Mahasanchay Systematic Deposit Plan
 
Change in Interest Payment Date on Savings Bank Deposits
 
Service Charges
 
Mahabank Gold Loan Scheme - Loan against Gold Ornaments
 
Top Up Loan for Home Loan Borrowers to meet various needs
 
Interest on domestic term deposits
 
List of branches authorized for opening of PPF Account

Discontinuation of Maha Swarna RD Yojana
 
State wise Holiday
Visitor Counter
Stats