Bank of Maharashtra EMI Calculator 2026
Calculate your monthly EMI for a Bank of Maharashtra home, car or personal loan. The interest rate is pre-filled with Bank of Maharashtra's starting rate, and you can change any value. No PAN, no sign-up. Nothing leaves your browser.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance left |
|---|
Bank of Maharashtra loan interest rates (October 2026)
| Bank of Maharashtra loan | Starting rate (p.a.) | Example loan | EMI |
|---|---|---|---|
| Home loan | Check with bank | ₹30 lakh, 20 yrs | ₹24,168 |
| Car loan | Check with bank | ₹8 lakh, 5 yrs | ₹16,510 |
| Personal loan | Check with bank | ₹5 lakh, 5 yrs | ₹10,871 |
How Bank of Maharashtra calculates your EMI
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. For example, a ₹30 lakh Bank of Maharashtra home loan at 7.50% for 20 years has an EMI of about ₹24,168. Early EMIs are mostly interest, and the principal part grows every month.
About Bank of Maharashtra
Bank of Maharashtra is a public sector bank headquartered in Pune. As a public sector bank, it links most home loans to an external benchmark such as the RBI repo rate, so your EMI can change when the RBI changes rates.
Before you apply, see the Bank of Maharashtra CIBIL score requirement, check how much loan you may be eligible for and make sure your total EMIs fit your income with the FOIR calculator.
Frequently asked questions
What is the EMI on a ₹30 lakh home loan from Bank of Maharashtra?
At 7.50% (a typical rate for this kind of bank) for 20 years, the EMI is about ₹24,168 a month. You would pay about ₹28,00,271 in interest over the loan.
What is the EMI on a ₹5 lakh Bank of Maharashtra personal loan?
At 11.00% for 5 years, the EMI is about ₹10,871 a month and the total interest is about ₹1,52,273.
Does my CIBIL score change my Bank of Maharashtra interest rate?
Yes. Bank of Maharashtra gives its lowest rates to borrowers with strong credit scores, usually 750 or above. On a ₹30 lakh, 20-year home loan, just 1% more interest raises the EMI from about ₹24,168 to ₹26,035.
Is this the official Bank of Maharashtra EMI calculator?
No. CibilScores.com is independent and not linked to Bank of Maharashtra. The EMI formula is the same one banks use, but your final rate, fees and EMI come from the bank's sanction letter.