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Bank of Maharashtra ₹20 lakh Home Loan EMI for 15 Years
At the advertised starting rate of 7.25%, the EMI is about ₹18,257 a month, with total interest of about ₹12,86,306.
Source: Bank of Maharashtra official page, checked on November 2026 (2026-11-01).
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 7.25% (starting) | ₹18,257 | ₹12,86,306 | ₹32,86,306 |
| 7.75% | ₹18,826 | ₹13,88,593 | ₹33,88,593 |
| 8.25% | ₹19,403 | ₹14,92,505 | ₹34,92,505 |
| 8.75% | ₹19,989 | ₹15,98,015 | ₹35,98,015 |
| 9.25% | ₹20,584 | ₹17,05,092 | ₹37,05,092 |
Year-by-year repayment schedule at 7.25%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹76,599 | ₹1,42,488 | ₹2,19,087 | ₹19,23,401 |
| Year 2 | ₹82,341 | ₹1,36,746 | ₹2,19,087 | ₹18,41,060 |
| Year 3 | ₹88,513 | ₹1,30,574 | ₹2,19,087 | ₹17,52,547 |
| Year 4 | ₹95,148 | ₹1,23,939 | ₹2,19,087 | ₹16,57,399 |
| Year 5 | ₹1,02,280 | ₹1,16,807 | ₹2,19,087 | ₹15,55,119 |
| Year 6 | ₹1,09,947 | ₹1,09,140 | ₹2,19,087 | ₹14,45,172 |
| Year 7 | ₹1,18,188 | ₹1,00,899 | ₹2,19,087 | ₹13,26,984 |
| Year 8 | ₹1,27,047 | ₹92,040 | ₹2,19,087 | ₹11,99,937 |
| Year 9 | ₹1,36,571 | ₹82,517 | ₹2,19,087 | ₹10,63,366 |
| Year 10 | ₹1,46,808 | ₹72,279 | ₹2,19,087 | ₹9,16,558 |
| Year 11 | ₹1,57,812 | ₹61,275 | ₹2,19,087 | ₹7,58,746 |
| Year 12 | ₹1,69,641 | ₹49,446 | ₹2,19,087 | ₹5,89,105 |
| Year 13 | ₹1,82,358 | ₹36,730 | ₹2,19,087 | ₹4,06,747 |
| Year 14 | ₹1,96,027 | ₹23,060 | ₹2,19,087 | ₹2,10,721 |
| Year 15 | ₹2,10,721 | ₹8,367 | ₹2,19,087 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Bank of Maharashtra home loan for 15 years?
At Bank of Maharashtra's starting rate of 7.25% the EMI is about ₹18,257 a month. If your offered rate is 8.25% it would be about ₹19,403.
How much total interest will I pay?
At 7.25% the total interest over 15 years is about ₹12,86,306, so you repay about ₹32,86,306 in all.