Beti Bachao Beti Padhao

Rate of Interest Retail Loans

Rate of Interest structure as mentioned below. (RLLR- 9.30%)

1. Maha Super Housing Loan

Loan Amount

CIBIL score

Rate of Interest

Salaried

Non Salaried

ROI

Eff. ROI (%)

ROI

Eff. ROI (%)

Irrespective of Loan Amount

800 & above

RLLR - 0.95

8.35

RLLR - 0.85

8.45

750 to 799

RLLR - 0.90

8.40

RLLR - 0.80

8.50

725 to 749

RLLR - 0.50

8.80

RLLR - 0.40

8.90

700 to 724

RLLR 

9.30

RLLR + 0.20

9.50

650 to 699

RLLR + 0.50

9.80

RLLR + 0.70

10.00

600 to 649

RLLR + 0.70

10.00

RLLR + 0.90

10.20

Below 600

RLLR + 1.10

10.40

RLLR + 1.60

10.90

-1 to 05 /NTC

RLLR - 0.50

8.80

RLLR - 0.30

9.00

Housing Loan to Salaried Employees (Minimum Gross Monthly salary Rs 50000/-) of Central Govt./State Govt. /Public Sector Undertaking/ Govt. aided Education Institutions. (Not routed through DSA)

CIBIL Score

Rate of Interest

Eff. ROI(%)

700 & above

RLLR - 0.90%

8.40%

2. Maha Super Flexi Housing Loan Scheme

  • Additional 0.25% premium above applicable Rate of interest under Housing Loan Scheme.

3. Maha Super Green Building - (For Green Building)

  • Concession of 0.10 % in the applicable ROI of Maha Super Housing Loan scheme subject to minimum floor Rate 
  • No additional concession in any form will be applicable in the scheme.

For Housing Loan under commercial real estate

Particulars

Rate of Interest

For Loan upto Rs 100.00 Lakhs

Premium of 100 bps over and above applicable Rate of Interest for normal Housing Loan based on CIBIL score

For Loan above Rs 100.00 Lakhs

Premium of 125 bps over and above applicable Rate of Interest for normal Housing Loan based on CIBIL score

4. Maha Bank Top Up Loan scheme for Repair & Renovation & Other purpose

ROI for Top up Loan for Repair and Renovation as well as for any other purpose will be 20bps higher than that of applicable of Maha Super Housing Loan scheme.

5. Maha Super Car Loan Scheme.

CIBIL score

Maha Super Car Loan Scheme (Revised)

Salaried

Non- Salaried

ROI

ER

ROI

ER

800 & above

RLLR - 0.60

8.70

RLLR - 0.50

8.80

776 to 799

RLLR - 0.40

8.90

RLLR - 0.30

9.00

750 to 775

RLLR - 0.30

9.00

RLLR-0.20

9.10

700 to 749

RLLR

9.30

RLLR + 0.20

9.50

650 to 699

RLLR + 1.55

10.85

RLLR + 1.75

11.05

600 to 649

RLLR + 1.85

11.15

RLLR + 2.20

11.50

Below 600

RLLR + 2.60

11.90

RLLR + 3.70

13.00

-1 or 0 and NTC

RLLR + 0.70

10.00

RLLR + 2.20

11.50

For Firms / Companies

Category

Existing ROI

ROI

ER

Firms / Companies

External Rating A & above

New Slab

RLLR +0.50

9.80

Firms / Companies

CMR Rating 1-5

New Slab

RLLR +0.50

9.80

Others Firms / Companies

RLLR + 1.40 (i.e. 10.70%)

RLLR + 1.00

10.30

Concessions in ROI

  • Up to 0.25% concession in applicable rate of interest will be given to existing Housing Loan / MSME & Corporate borrowers /corporate salary account holders/Professional & self-employed borrowers having minimum satisfactory standing of 1-year relationship with our Bank subject to lowest ROI, RLLR - 0.60

6. Maha Super Green Car Loan - (For Electric Car)

  • 0.25% concession in Green Car loan (E vehicle) subject to minimum Floor Rate i.e.RLLR-0.60%

7. Maha Bank Vehicle Loan scheme (Two Wheeler & 2nd Hand Car Loan)

CIBIL score

ROI

Effective ROI

750 and above

RLLR + 3.15

12.45

700 to 749

RLLR + 3.50

12.80

650 to 699

RLLR + 4.00

13.30

600 to 649

RLLR + 5.00

14.30

Below 600

RLLR + 6.00

15.30

-1 or 0 and 01 to 05

RLLR + 4.00

13.30

8. Maha Bank Personal Loan scheme

A

Maha Bank Personal Loan scheme for Salaried Borrowers.

Category -A.

a) Salary Account with Bank of Maharashtra

CIBIL Score

ROI

ER

800 & above

RLLR + 0.70

10.00

776 to 799

RLLR + 1.00

10.30

750 to 775

RLLR + 1.50

10.80

700 to 749

RLLR + 2.00

11.30

NTC or -1 or 0

RLLR + 1.70

11.00

b) Salary Account with Other Bank

CIBIL Score

ROI

ER

800 & above

RLLR + 1.50

10.80

776 to 799

RLLR + 2.00

11.30

750 to 775

RLLR + 2.50

11.80

700 to 749

RLLR + 3.00

12.30

NTC or -1 or 0

RLLR + 2.75

12.05

Category -B.

a) Salary Account with Bank of Maharashtra

CIBIL Score

ROI

ER

800 & above

RLLR + 1.50

10.80

776 to 799

RLLR + 2.00

11.30

750 to 775

RLLR + 2.50

11.80

700 to 749

RLLR + 3.00

12.30

NTC or -1 or 0

RLLR + 2.75

12.05

b) Salary Account with Other Bank

CIBIL Score

ROI

ER

800 & above

RLLR + 1.90

11.20

776 to 799

RLLR + 2.50

11.80

750 to 775

RLLR + 3.00

12.30

700 to 749

RLLR + 3.50

12.80

NTC or -1 or 0

RLLR + 3.25

12.55

Category -C.

CIBIL Score

ROI

ER

800 & above

RLLR + 1.90

11.20

776 to 799

RLLR + 2.45

11.75

750 to 775

RLLR + 2.95

12.25

700 to 749

RLLR + 3.45

12.75

NTC or -1 or 0

RLLR + 3.25

12.55

B

MAHA BANK PERSONAL LOAN SCHEME FOR PROFESSIONALS

CIBIL Score

ROI

ER

800 & above

RLLR + 2.00

11.30

776 to 799

RLLR + 2.50

11.80

750 to 775

RLLR + 3.00

12.30

700 to 749

RLLR + 3.50

12.80

NTC or -1 or 0

RLLR + 2.75

12.05

C

MAHA BANK PERSONAL LOAN SCHEME- for Business Class having Home Loan with us.

CIBIL Score

ROI

ER

800 & above

RLLR + 2.50

11.80

776 to 799

RLLR + 2.75

12.05

750 to 775

RLLR + 3.00

12.30

700 to 749

RLLR + 3.50

12.80

NTC or -1 or 0

RLLR + 3.25

12.55

Withdraw of salary account concession for category A borrower, maintaining salary account with us in the loan account on following scenario-

  • If the salary credit process is not completed within 3 months of Disbursement of Loan, the Salary account concession shall be withdrawn & applicable Rate will be applied as per rate of interest for respective Category from retrospective date of disbursement.
  • In the event of discontinuation of salary account with us, or the circumstances like change of job etc, where in salary is not credited by the employer to the salary account being maintained with our Bank, Bank shall withdraw the salary account concessional rate and the interest rate will be revised accordingly & applicable Rate will be applied as per rate of interest for respective Category of borrower from date of discontinuation of salary credit

9. Maha Bank Personal Loan scheme for payment of one-time Group Credit Life Insurance

ROI

Effective ROI

RLLR + 1.50

10.80

10. Loan against Property-Individual

CIBIL Score

ROI

Effective ROI

750 and above

RLLR + 1.65

10.95

700 to 749

RLLR + 2.00

11.30

650 to 699

RLLR + 2.15

11.45

600 to 649

RLLR + 2.40

11.70

Below 600

RLLR + 2.65

11.95

-1 or 0 and 01 to 05

RLLR + 2.15

11.45

11. Model Education Loan Scheme

Loan amount

ROI

Effective ROI

Up to Rs 7.50 Lacs

RLLR + 2.00

11.30

Above Rs 7.50 Lacs

RLLR + 1.65

10.95

12. Maha Scholar Education Loan Scheme

Classification

ROI

Effective ROI

List AAA

RLLR - 1.20

8.10

List AA

RLLR - 0.95

8.35

List A

RLLR - 0.80

8.50

List B (Up to 7.5 Lacs)

RLLR + 0.90

10.20

List B (above 7.5 Lacs)

RLLR + 0.65

9.95

List C (Up to 7.5 Lacs)

RLLR + 1.15

10.45

List C(above 7.5 Lacs)

RLLR + 0.90

10.20

13. Maha Scholar Overseas Education Loan Scheme

ROI

Effective ROI

RLLR + 0.50

9.80

14. Skill Loan Scheme

ROI

Effective ROI

RLLR + 1.50

10.80

15. Lease Rental Discounting –for Landlords

ROI

Effective ROI

RLLR + 1.15

10.45

16. Maha Bank Adhaar Loan scheme

Particulars

ROI

Effective ROI

For General Pensioners

RLLR + 1.70

11.00

For Defense & Staff Pensioners

RLLR + 1.20

10.50

17. Maha Bank Salary Gain Scheme

ROI

Effective ROI

RLLR + 3.15

12.45

18. Maha Bank Consumer Loan Scheme

ROI

Effective ROI

RLLR + 3.90

13.20

19. Loan against paper security

ROI

Effective ROI

RLLR + 2.15

11.45

20. Reverse Mortgage Loan Scheme

ROI

Effective ROI

RLLR + 1.15

10.45

21. Maha Bank Gold Loan Scheme -

Category

ROI

Effective ROI

Retail

RLLR

9.30

Agriculture

One Month MCLR

8.10

                  Fixed Rate of Interest under Retail Loans

  1. Housing Loan (To be reset after 3 years only)

  1. Fixed Rate of Interest for under Maha Super Housing Loan Scheme

Loan amount

Rate of Interest 

Salaried / Non Salaried

Up to  Rs  30 Lakhs

11.35%

Above Rs. 30 Lakhs to Rs 75 Lakhs

12.35%

Above Rs  75 Lakh   to Rs 200 Lakhs

12.55%

  1. Fixed Rate of Interest for under Maha Super Green Housing Loan Scheme

Loan amount

Rate of Interest 

Salaried / Non Salaried

Up to  Rs  30 Lakhs

11.25%

Above Rs. 30 Lakhs to Rs 75 Lakhs

12.25%

Above Rs  75 Lakh   to Rs 200 Lakhs

12.45%

  1. Car Loan (To be reset after 3 years only)

  1. Fixed Rate of Interest for New Car Loan under Maha Super Car Loan Scheme

CIBIL score

Rate of Interest 

Salaried

Non Salaried

ROI (%)

ROI (%)

750 & above

10.00

10.20

700- 749

10.45

10.70

NTC (100-200) /-1

10.45

10.70

  1. Fixed Rate of Interest for New Car Loan under Maha Super Green Car Scheme (E Vehicle)

CIBIL score

Rate of Interest (E Vehicle)

Salaried

Non Salaried

ROI (%)

ROI (%)

750 & above

9.90

10.10

700- 749

10.35

10.60

NTC (100-200) /-1

10.35

10.60

Switch over from floating to Fixed Rate or Fixed to floating Rate

  • The option to switch over to a fixed rate will be given to the borrower to the maximum 2 times during the loan tenure.
  • The CIC score of the borrower above 700 and there is no overdue in the loan account during the time of switchover.
  • Service charges will be applicable for switchover as per Bank service charges guidelines.
  • The applicable charges for switching loans from floating to fixed rate and vice versa are Rs 5000/- + GST for the exercise of the above options