Rate of Interest structure as mentioned bellow (RLLR-8.05%)

Rate of Interest (Floating).

1. Maha Super Housing Loan Scheme.

   Housing loan to General Public

   	Salaried			Non-Salaried
   CIBIL score	Benchmark	Spread	ER	Benchmark	Spread	ER
   800 & above	RLLR	-1.05%	7.00%	RLLR	-0.95%	7.10%
   750 to 799	RLLR	-0.80%	7.25%	RLLR	-0.70%	7.35%
   725 to 749	RLLR	-0.35%	7.70%	RLLR	-0.25%	7.80%
   700 to 724	RLLR	-0.30%	7.75%	RLLR	-0.10%	7.95%
   650 to 699	RLLR	0.30%	8.35%	RLLR	0.50%	8.55%
   600 to 649	RLLR	0.70%	8.75%	RLLR	0.90%	8.95%
   below 600	RLLR	1.10%	9.15%	RLLR	1.60%	9.65%
   -1 to 05 /NTC	RLLR	-0.35%	7.70%	RLLR	-0.15%	7.90%

   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	ER
   700 & above	RLLR - 0.90%	7.15%
   Note – Above Rate of Interest structure will be applicable only if proposal is not routed through DSAs

   Concession in ROI for Housing loan:

   • The Rate of interest concession (including 0.05% concession for women borrower) will be applicable to borrower having CIBIL score below 725 slab only, subject to minimum floor Rate i.e. RLLR -0.95%.
   • No interest rate concession will be allowed to borrower category of CIBIL score 725 & above    

2. Maha Super Flexi Housing Loan Scheme - (Term Loan linked with SB)

    

   0.25% higher than that of applicable ROI for Maha Super 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 i.e. RLLR -0.95% i.e. 7.10%
   • No additional concession in any form will be applicable in the scheme.

4. 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

5. Maha Bank Top Up Loan scheme:

    

   CIBIL Score	Rate of Interest
   800 & above	Premium of 50 bps over & above applicable ROI for Maha Super Housing Loan based on CIBIL score structure.
   750 to 799	Premium of 75 bps over & above applicable ROI for Maha Super Housing Loan based on CIBIL score structure.
   681 to 749	Premium of 100 bps over & above applicable ROI for Maha Super Housing Loan based on CIBIL score structure.
   680 and below	Premium of 300 bps over & above applicable ROI for Maha Super Housing Loan based on CIBIL score structure.

6. Maha Super Car Loan Scheme:

    

   Maha Super Car Loan Scheme
   	Salaried			Non- Salaried
   CIBIL score	Benchmark	Spread	ER	Benchmark	Spread	ER
   800 & above	RLLR	-0.60%	7.45%	RLLR	-0.50%	7.55%
   776 to 799	RLLR	-0.40%	7.65%	RLLR	-0.30%	7.75%
   750 to 775	RLLR	-0.30%	7.75%	RLLR	-0.20%	7.85%
   700 to 749	RLLR	0.00%	8.05%	RLLR	0.20%	8.25%
   650 to 699	RLLR	1.55%	9.60%	RLLR	1.75%	9.80%
   600 to 649	RLLR	1.85%	9.90%	RLLR	2.20%	10.25%
   Below 600	RLLR	2.60%	10.65%	RLLR	3.70%	11.75%
   -1 or 0 and NTC	RLLR	0.70%	8.75%	RLLR	2.20%	10.25%

   For Firms / Companies

   Category	Benchmark	Spread	ER
   Firms / Companies External Rating A & above	RLLR	0.50%	8.55%
   Firms / Companies CMR Rating 1-5	RLLR	0.50%	8.55%
   Others Firms / Companies	RLLR	1.00%	9.05%

   Concessions in ROI

   • 0.25% concession in applicable rate of interest will be given to existing Housing Loan (including staff-HL) / MSME & Corporate borrowers /corporate salary account holders/Professional & self-employed borrowers having minimum satisfactory standing of 6 months relationship with our Bank subject to lowest ROI in the scheme i.e. RLLR – 0.60% at present.
   • 0.25% concession in Green Car Loan (E-Vehicle) subject to lowest ROI under the scheme i.e. RLLR – 0.60% at present.

7. Mahabank Vehicle Loan Scheme: For purchasing Second Hand Car Loan (Pre –Owned Cars):

    

   CIBIL score	Benchmark	Spread	ER
   750 and above	RLLR	3.15%	11.20%
   700 to 749	RLLR	3.50%	11.55%
   650 to 699	RLLR	4.00%	12.05%
   600 to 649	RLLR	5.00%	13.05%
   Below 600	RLLR	6.00%	14.05%
   -1 or 0 and 01 to 05	RLLR	4.00%	12.05%

8. Mahabank Vehicle Loan Scheme: For purchasing two wheelers loans:

    

   CIBIL score	Benchmark	Spread	ER
   750 and above	RLLR	3.15%	11.20%
   700 to 749	RLLR	3.50%	11.55%
   650 to 699	RLLR	4.00%	12.05%
   600 to 649	RLLR	5.00%	13.05%
   Below 600	RLLR	6.00%	14.05%
   -1 or 0 and 01 to 05	RLLR	4.00%	12.05%

9. Maha Bank Personal Loan scheme

   A	Maha Bank Personal Loan scheme for Salaried Borrowers. Category –A i.e. Confirmed Employees of Central Govt. / State Govt. / Public Sector Undertakings/ Govt. Educational Institutions:   Having Salary Account with Bank of Maharashtra CIBIL Score Benchmark Spread ER 800 & above RLLR 1.70% 9.75% 776 to 799 RLLR 1.90% 9.95% 750 to 775 RLLR 2.45% 10.50% 681 to 749 RLLR 3.05% 11.10% 680 & below RLLR 5.50% 13.55% NTC or -1 or 0 RLLR 2.45% 10.50% Having Salary Account with Other Bank CIBIL Score Benchmark Spread ER 800 & above RLLR 2.15% 10.20% 776 to 799 RLLR 2.40% 10.45% 750 to 775 RLLR 2.90% 10.95% 681 to 749 RLLR 4.30% 12.35% 680 & below RLLR 6.50% 14.55% NTC or -1 or 0 RLLR 3.00% 11.05% Category –B i.e Confirmed Employees of Private / Public Limited Company having 10 years of existence:   Having Salary Account with Bank of Maharashtra CIBIL Score Benchmark Spread ER 800 & above RLLR 2.20% 10.25% 776 to 799 RLLR 3.15% 11.20% 750 to 775 RLLR 3.45% 11.50% 681 to 749 RLLR 3.95% 12.00% 680 & below RLLR 6.60% 14.65% NTC or -1 or 0 RLLR 3.95% 12.00% Having Salary Account with Other Bank CIBIL Score Benchmark Spread ER 800 & above RLLR 3.45% 11.50% 776 to 799 RLLR 4.20% 12.25% 750 to 775 RLLR 4.95% 13.00% 681 to 749 RLLR 5.70% 13.75% 680 & below RLLR 6.95% 15.00% NTC or -1 or 0 RLLR 4.95% 13.00% Category C i.e All Other Salary account holders (Confirmed Employees) of eligible category of employers whose salary is credited in our Bank and tie up arrangement with employer or irrevocable undertaking from employer is available: CIBIL Score Benchmark Spread ER 800 & above RLLR 3.95% 12.00% 776 to 799 RLLR 4.70% 12.75% 750 to 775 RLLR 5.20% 13.25% 681 to 749 RLLR 5.70% 13.75% 680 & below RLLR 6.95% 15.00% NTC or -1 or 0 RLLR 5.45% 13.50%
   C	MAHA BANK PERSONAL LOAN SCHEME FOR PROFESSIONALS CIBIL Score Benchmark Spread ER 800 & above RLLR 2.95% 11.00% 776 to 799 RLLR 3.20% 11.25% 750 to 775 RLLR 3.45% 11.50% 681 to 749 RLLR 3.95% 12.00% 680 & below RLLR 6.95% 15.00% NTC or -1 or 0 RLLR 4.95% 13.00%
   D	MAHA BANK PERSONAL LOAN SCHEME- for Business Class having active Housing Loan with us. CIBIL Score Benchmark Spread ER 800 & above RLLR 2.70% 10.75% 776 to 799 RLLR 2.95% 11.00% 750 to 775 RLLR 3.20% 11.25% 681 to 749 RLLR 3.70% 11.75% 680 & below RLLR 6.50% 14.55% NTC or -1 or 0 RLLR 3.45% 11.50%

   Withdrawal of concession for category A and B borrower, maintaining salary account with us in ROI on the loan account on following scenario: -

   • If the salary credit process is not completed within 3 months of Disbursement of Loan, the concession in ROI shall be withdrawn & applicable Rate will be applied as per rate of interest applicable for employees having salary account with other banks, 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 concessional rate and the interest rate will be revised accordingly & applicable Rate will be applied as per rate of interest applicable for employees having salary account with other Banks, from date of discontinuation of salary credit.

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

     

    Benchmark	Spread	ER
    RLLR	1.50%	9.55%

11. Loan against Property-Individual

     

    CIBIL Score	Benchmark	Spread	ER
    750 and above	RLLR	1.65%	9.70%
    700 to 749	RLLR	2.00%	10.05%
    650 to 699	RLLR	2.15%	10.20%
    600 to 649	RLLR	2.40%	10.45%
    Below 600	RLLR	2.65%	10.70%
    -1 or 0 and 01 to 05	RLLR	2.15%	10.20%

12. Model Education Loan Scheme

     

    Loan amount	Benchmark	Spread	ER
    Up to Rs 7.50 Lacs	RLLR	2.00%	10.05%
    Above Rs 7.50 Lacs	RLLR	1.65%	9.70%
    For Children of staff where employee is the co-applicant	RLLR	0.00%	8.05%

    Interest Concession under Model Education loan scheme – 

    • 1% interest concession be provided to the loanees, if the interest is serviced regularly as and when applied during the study period when repayment holiday specified for interest / repayment under the scheme. In other word, the option of servicing the interest is with the borrower. The concession is available for the moratorium period only. However, minimum applicable ROI shouldn’t be below RLLR as floor rate.
    • As a uniform procedure, branches should offer the option to the borrowers either to service the interest during the moratorium period as and when applied and avail 1 % concession or opt for the repayment of interest together with principal after completion of the course/moratorium. Needless to say that in later option, no interest concessions is to be provided.
    • Please Note: Under both the conditions, the repayment start date in CBS (both interest and principal) should start after completion of Moratorium period only.
    • In respect of borrowers availing 1 % interest rate concession, branch should apply Interest at specified rate (without any concession) as per sanction letter. Branch should ensure that the interest is serviced as and when applied. Servicing of interest means repayment of interest amount debited to the loan account within 30 days. In eligible cases, at the time of regeneration of repayment schedule one month before repayment start date, manually interest @1% per annum will be reversed & credited to SB Account of the Borrower.
    • For the purpose BGL – 76500 - Interest Received on Term Loan is to be adjusted through interest adjustment.
    • In case borrower defaults in repayment of interest on due date for any particular month, interest concession is not to be provided for that month and on servicing of interest for any subsequent month together with interest for defaulted month(s), concession is to be provided for the month in respect of which interest has been serviced. 
    Other Interest Rate Concessions under Model Education loan scheme-
    Our Bank is offering concessions in rate of interest to student borrowers on Education loans as under:-
    • Maha Saraswati Recurring Deposit A/c Holder - 0.25 % concession for students, subject to conditions that maturity value of concurrent RD account in the name of student is minimum Rs 1 Lakh.
    • Girl Students: 0.50 % concession to Girl students.
    • Housing Loan Borrowers: 0.50 % concession for wards of Housing Loan borrowers, who have successfully completed a satisfactory repayment period of 3 years (36 EMIs) or customers who have availed housing loan from our Bank in past and repaid entire loan in time satisfactorily.  
    • Risk based pricing: Bank also extends concessions to meritorious students based on their previous academic performance and reward them by providing concessional rate of interest on education loan availed. The concessions in ROI based on risk rating are as under:

    % of marks obtained at all level (Average)*	Rating	Concession in applicable ROI
    90 and above	AAA	0.25 %
    80 – 89	AA	0.15 %
    75 – 79	A	0.10 %
    60 – 74	B	Nil
    Below 60	C	Nil

    * Average of marks obtained in previous academic performance such as (10^th, 12^th, Diploma, Degree etc.)

    NOTE: Please note that maximum permissible concession/discount available in ROI inclusive of all above schemes is restricted to 0.50 % only. Wherever the concessions are allowed under the Education Loans, minimum applicable ROI should be RLLR as floor rate. 

13. Education loan under PM-Vidyalaxmi Scheme:

     

    Classification	Benchmark	Spread	ER
    For List - AAA Institutions	RLLR	-1.20%	6.85%
    For List - AA Institutions	RLLR	-0.95%	7.10%
    For List - A Institutions	RLLR	-0.80%	7.25%
    For List - B Institutions	RLLR	0.50%	8.55%

14. Maha Scholar Overseas Education Loan Scheme

     

    Benchmark	Spread	ER
    RLLR	0.50%	8.55%

15. Skill Loan Scheme

     

    Benchmark	Spread	ER
    RLLR	1.50%	9.55%

16. Lease Rental Discounting –for Landlords

    Benchmark	Spread	ER
    RLLR	1.15%	9.20%

17. Maha Bank Adhaar Loan scheme

    Particulars	Benchmark	Spread	ER
    For General Pensioners	RLLR	1.70%	9.75%
    For Defense & Staff   Pensioners	RLLR	1.20%	9.25%

18. Maha Bank Salary Gain Scheme

    Benchmark	Spread	ER
    RLLR	3.15%	11.20%

19. Loan against paper security

    Benchmark	Spread	ER
    RLLR	2.15%	10.20%

20.  Reverse Mortgage Loan Scheme

    Benchmark	Spread	ER
    RLLR	1.15%	9.20%

21. Maha Bank Retail Gold Loan Scheme –

    Loan Slab	Benchmark	Spread	ER
    Upto < ₹ 10 Lakhs	RLLR	0.45%	8.50%
    Upto ₹ 5 Lakhs	RLLR	0.95%	9.00%
    Upto ₹ 2.50 Lakh	RLLR	1.20%	9.25%

22. Maha Bank Rooftop Solar Panel Loan scheme - PM Suryaghar : Muft Bijli Yojna -

    Loan Amount	Category	CIBIL Score	Benchmark	Spread	ER
    For Loan upto ₹ 2.00 lakhs	For Non-Home Loan Borrower & Home Loan Borrower	680 & above / NTC	RLLR	-2.30%	5.75%
    For loan above ₹ 2.00 lakhs	For Non-Home Loan borrower	800 & above	RLLR	0.20%	8.25%
    		750 to 799	RLLR	0.50%	8.55%
    		700 to 749 / NTC	RLLR	0.75%	8.80%
    		680 to 699	RLLR	1.00%	9.05%
    	For New Home Loan customers under composite scheme & existing Home Loan customers:	Applicable Rate as per CIC based Housing Loan Rate of Interest structure

Rate of Interest (Fixed):

1. Rate of Interest for Housing Loan with CIC score above 700 under Fixed Rate of Interest subject to maximum loan limit up to Rs 200 lakh: (To be reset after 3 years only)

   *Benchmark: 1 YR MCLR i.e. 8.85% at present

   • Fixed Rate of Interest for under Maha Super Housing Loan Scheme

     Salaried / Non-Salaried
     Loan amount	Benchmark	Spread	ER
     Up to Rs 30 Lakhs	1 YR MCLR	2.65%	11.50%
     Above Rs. 30 Lakhs to Rs 75 Lakhs	1 YR MCLR	3.65%	12.50%
     Above Rs 75 Lakh   to Rs 200 Lakhs	1 YR MCLR	3.85%	12.70%
   • Fixed Rate of Interest for under Maha Super Green Housing Loan Scheme

     Salaried / Non-Salaried
     Loan amount	Benchmark	Spread	ER
     Up to  Rs  30 Lakhs	1 YR MCLR	2.55%	11.40%
     Above Rs. 30 Lakhs to Rs 75 Lakhs	1 YR MCLR	3.55%	12.40%
     Above Rs  75 Lakh   to Rs 200 Lakhs	1 YR MCLR	3.75%	12.60%
2. Rate of Interest for Car Loan with CIC score above 700 under Fixed Rate of Interest subject to maximum loan limit up to Rs 50 lakh (To be reset after 3 years only)
   • Fixed Rate of Interest for New Car Loan under Maha Super Car Loan Scheme

     	Salaried			Non-Salaried
     CIBIL score	Benchmark	Spread	ER	Benchmark	Spread	ER
     750 & above	1 YR MCLR	1.30%	10.15%	1 YR MCLR	1.50%	10.35%
     700- 749	1 YR MCLR	1.75%	10.60%	1 YR MCLR	2.00%	10.85%
     NTC (100-200) /-1	1 YR MCLR	1.75%	10.60%	1 YR MCLR	2.00%	10.85%
   • Fixed Rate of Interest for New Car Loan under Maha Super Green Car Loan Scheme (E-Vehicle)

     	Salaried			Non-Salaried
     CIBIL score	Benchmark	Spread	ER	Benchmark	Spread	ER
     750 & above	1 YR MCLR	1.20%	10.05%	1 YR MCLR	1.40%	10.25%
     700- 749	1 YR MCLR	1.65%	10.50%	1 YR MCLR	1.90%	10.75%
     NTC (100-200) /-1	1 YR MCLR	1.65%	10.50%	1 YR MCLR	1.90%	10.75%

Rate of Interest range - Click here

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Abbreviations:

ER: Effective Rate

CIC: Credit Information Company

Bps: Basis Points

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