Bank of Maharashtra Home Loan Interest Rates – January 2024 Update

Owning a home is a cherished dream for many, and Bank of Maharashtra is dedicated to making this dream a reality with its competitive home loan interest rates. As of January 2024, the bank offers attractive rates, ensuring affordability and flexibility for a diverse range of homebuyers.

Key Home Loan Products and Interest Rates

1. Maha Super Housing Loan Scheme:

• Interest Rates: 8.60% – 10.80% p.a.

The Maha Super Housing Loan Scheme from Bank of Maharashtra provides an enticing starting interest rate of 8.60% p.a., making it a compelling option for those embarking on their homeownership journey.

2. Maha Top-Up Loan for Home Loan Borrowers:

• Interest Rates: 8.90% – 13% p.a.

For existing home loan borrowers looking for additional financial support, the Maha Top-Up Loan offers competitive interest rates ranging from 8.90% to 13% p.a.

3. Maha Super Flexi Housing Loan Scheme:

• Interest Rates: 8.85% – 11.05% p.a.

The Super Flexi Housing Loan Scheme provides flexibility in repayment with interest rates ranging from 8.85% to 11.05% p.a., catering to diverse financial preferences.

4. Maha Pradhan Mantri Awas Yojana Loan:

• Interest Rates: 8.60% onwards (additional interest subsidy available)

Bank of Maharashtra actively supports the Pradhan Mantri Awas Yojana, offering home loans with interest rates starting from 8.60% onwards. Additionally, eligible applicants can benefit from an additional interest subsidy under PMAY.

5. Maha Combo Loan Scheme:

• Interest Rates: 8.60% – 10.80% p.a.

The Combo Loan Scheme provides a balanced approach with interest rates ranging from 8.60% to 10.80% p.a., ensuring comprehensive financial coverage for diverse homebuying needs.

6. Maha Super Green Housing Loan Scheme:

• Interest Rates: 8.50% – 10.70% p.a.

For environmentally conscious homebuyers, the Super Green Housing Loan Scheme offers competitive interest rates between 8.50% and 10.70% p.a., promoting sustainable homeownership.

Special Benefits for Specific Categories

Bank of Maharashtra goes the extra mile to provide special benefits to specific categories of applicants:

• Women Applicants:
  • Women applicants enjoy even more competitive interest rates, enhancing affordability and financial empowerment.
• Senior Citizens:
  • Senior citizens are offered special benefits, acknowledging their unique financial needs during the homebuying process.
• NRIs (Non-Resident Indians):
  • NRIs can also benefit from tailored interest rates, ensuring that geographical location is not a barrier to homeownership.

Explore Your Dream Home with Propty

To facilitate your dream of owning a home, consider exploring properties through Propty. This platform simplifies the property search process, ensuring a seamless experience for homebuyers.

In conclusion, Bank of Maharashtra stands as a reliable partner for individuals aspiring to own a home. With competitive interest rates, specialized schemes, and benefits for specific categories, the bank strives to make homeownership accessible and affordable. For personalized advice based on your specific circumstances, it's advisable to consult with the bank directly and explore the offerings that best suit your needs.