Maha Super Housing Loan Scheme


  • No Processing Charges (Waived up to 31.12.2020).
  • Full waiver of Processing Fee for Govt. /State /Central Government / Public sector Employees in case of Takeover Loans.
  • Waiver of last two EMI on regular repayment.
  • 0.05% concession to women and defence personal. 
  • Maximum Funding 90% (up to 30.00 Lakh).
  • Max finance based on LTV ( Addition of other cost related in the property as a part of Project cost for assessing the loan e.g. Cost of Furnishing, Modular Kitchen, Other one time deposit , electricity, water, GST etc. )
  • Maximum Tenure up to 30 Years / up to 75 years of age.
  • No EMI till 36 months (for under construction House) only interest after 18 months.
  • Income deduction up to 70%.
  • PMAY subsidy up to 2.67 Lakhs.
  • Interest charged on daily reducing Balance.
  • Rate of Interest linked to RLLR.
  • No Pre-Payment / Pre-closure / Part payment Charges.
  • Concession in ROI for Housing Loan borrower in Car Loan & Education Loan.



Scheme guidelines



  • For construction/ acquiring new or existing house/ flat not older than 30 years
  • Purchase of plot & construction by obtaining declaration from borrower to complete construction in 3 years
  • Repair / Renovation / Alteration for new standalone borrower on unencumbered house property.
  • Takeover of home loans from other Banks/FIs



Individual salaried employees/ self-employed professionals/Businessman / Agriculturist 


Eligible Quantum of Loan

For Salaried : 60 times of Gross Monthly Salary/ 75 times of Net Monthly Salary (Whichever is Higher)


The income of Father, Mother, son, daughter, sister, brother, along with the spouse can be taken for deciding the quantum of loan and repayment capacity.



For Purchase of Plot: - Minimum 30% of the registered value of the plot.

For construction of House (Overall project cost including value of the plot should be taken for LTV, ensuring separate margin for plot)

Category of Loan (Individual Home Loan amount)

LTV Ratio

Up to Rs.30.00 Lakh


Above Rs.30.00 Lakhs and up to Rs.75.00 Lakhs


Above Rs.75.00 Lakhs

75 %



Moratorium Period

Maximum 36 months. However interest may be capitalized for a maximum period of 18 months thereafter Interest to be serviced as and when applied


Repayment period

Maximum Repayment period of 30 years or on borrower reaching the age of 75 years whichever is earlier.


Rate of Interest

Click here to view the Interest Rate



For salaried individuals.

Gross Monthly Income

Permissible Deduction

Less than Rs. 25000/-

Maximum 60%

Rs.25000/- to Rs.2.00 lakh

Maximum 65%

Above Rs.2.00 lakh

Maximum 70%

For Non-Salaried Individuals

Gross Annual Income

Permissible Deduction

Less than Rs. 3.00 Lakh

Maximum 60%

Rs.3.00 Lakh to Rs.20.00 lakh

Maximum 65%

Above Rs.20.00 lakh

Maximum 70%



Equitable / Registered Mortgage of Property.


Processing Fee

0.25 % of the loan amount (Subject to max. of Rs. 25,000/-)

(currently waived up to 31.12.2020)

Full waiver of Processing Fee for Govt. /State /Central Government / Public sector Employees in case of Takeover Loans


Documentation charges

0.10 % of the loan amount (Subject to max. of Rs. 10,000/-)