New Interest Rate of Bank of Maharashtra for Home Loan
New Interest Rate of Bank of Maharashtra for Home Loan has recently passed on the RBI’s 50 basis points repo rate cut to its customers. As of June 10, 2025, the starting interest rate for their Maha Super Housing Loan is just 7.35% per annum, down from 8.00% during March–May 2025
🔄 What Changed?
📉 Previous rate (Mar–May 2025): 8.00% p.a
📈 New base rate (June 10, 2025): 7.35% p.a, reflecting RBI repo cut
✅ Continued 0.05% concession for female applicants under Maha Super scheme
⏳ Loan tenure up to 30 years, or borrower age up to 75 years, whichever is earlier
🚫 No charges for pre-payment, foreclosure, or part-payments
💼 100% funding up to ₹30 L, 80% up to ₹75 L, 75% above—standard LTV ratios
🌟 Why the Rate Cut Matters : New Interest Rate of Bank of Maharashtra for Home Loan
Lower EMIs – Even a 0.65% rate dip (~₹4,300/month saved on ₹50 L loan over 20 years) can significantly reduce financial pressure
Women-friendly Terms – The special 0.05% concession makes housing more accessible for female applicants
Attractive Borrowing Options – Long tenures up to age 75 help keep EMIs affordable.
No Hidden Fees – With no pre-payment or foreclosure charges, borrowers gain flexibility and transparency
✨ Highlights of the Maha Super Housing Loan Scheme
| Feature | Details |
|---|---|
| Base Interest Rate | 7.35% p.a |
| Concession for Women | 0.05% discount |
| Loan-to-Value (LTV) | Up to 90% for ≤₹30 L, 80% for ₹30–75 L, 75% beyond |
| Tenure | Maximum 30 years or borrower aged up to 75 years |
| Prepayment/Foreclosure Fee | NIL |
| Processing Fee | ~0.25% of loan amount, capped at ₹25,000 (bankofmaharashtra.in, wishfin.com, urbanmoney.com, bankofmaharashtra.in) |
🏘 What This Means for You in Hadapsar, Pune
At Mortbuzz, here’s how this rate cut benefits our clients:
Greater Affordability: EMIs drop significantly at 7.35% even before any additional concessions.
Women Borrowers: Save more on your dream home with exclusive discounts.
Flexible Repayment: With no penalty on early repayment, you can adjust your loan strategy anytime.
Long Tenure Comfort: Spread repayment over 30 years, up to age 75.
Government Bank Reliability: Benefit from BoM’s credibility and strong PSU backing.
Doorstep Assistance: Mortbuzz handles eligibility checks, documentation, sanctioning, and follow-through—all without visiting any office.
🧠 Who Should Consider This Loan?
First-time homeowners seeking affordable EMIs and flexible terms.
Working women looking for low-rate loans with added concessions.
Retired or senior applicants nearing 75 who want comfortable repayment flexibility.
Homeowners in areas like Hadapsar, Magarpatta, Amanora—looking to leverage favorable Bank of Maharashtra terms.
✅ Final Word
New Interest Rate of Bank of Maharashtra for Home Loan new 7.35% interest rate, coupled with no prepayment fees and a 0.05% concession for women, makes it one of the most compelling home loan options in June 2025. Through Mortbuzz in Hadapsar, you get expert guidance, paperwork handled from your doorstep, and professional support with BoM loans—without stepping into a bank.
📞 Ready to Save on Your Home Loan?
Connect with Mortbuzz now:
📲 Call/WhatsApp: +1800 210 4422
🌐 Website: www.mortbuzz.in
📍 Office: Hadapsar, Pune
Unlock your homeownership at the lowest cost!
