Bank of Maharashtra Home loan Interest Rates

When it comes to availing a home loan, it would not be wrong to say that there are plenty of renowned lenders are there. But, if we talk about offering the home loan at lowest interest rates, there is only one name that strikes the mind, Bank of Maharashtra. Yes, the Bank of Maharashtra Home Loan is available at an attractive interest rate to choose from. So, without wasting any time further, let’s just know more about the interest rates offered by BOM in the page below.

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Bank of Maharashtra Home loan Interest Rates December 2019

Interest Rate8.50% - 9.00%
Loan AmountUp to ₹15 Lakh(rural areas), ₹25 Lakh (semi-urban areas)
Tenure20-30 Years
Processing FeeAs applicable by the bank

Bank of Maharashtra MCLR (Marginal Cost of  Funds Based Lending Rates) (w.e.f 07.12.2017)

MCLR BenchmarkMCLR (in %)
1 Month8.15
3 Months8.2
6 Months8.55
1 Year8.65

Base Rate : 9.60% (w.e.f. 07.10.2017)
BPLR : 15.00% ( With effect from 01. 10. 2011 )

Bank of Maharashtra Home loan Balance Transfer Interest Rates

If you want to lower your EMI and Interest Outgo burden, transferring your existing home loan to BOM would be an ideal choice to make. Yes, transferring the same would allow you not only save big on your monthly installments but make you enjoy the lower home loan interest rates as well. Thus, going for BT helps in reducing your loan burden.

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