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Bank of Maharashtra ₹20 lakh Home Loan EMI for 20 Years
At the advertised starting rate of 7.25%, the EMI is about ₹15,808 a month, with total interest of about ₹17,93,805.
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) | ₹15,808 | ₹17,93,805 | ₹37,93,805 |
| 7.75% | ₹16,419 | ₹19,40,553 | ₹39,40,553 |
| 8.25% | ₹17,041 | ₹20,89,915 | ₹40,89,915 |
| 8.75% | ₹17,674 | ₹22,41,811 | ₹42,41,811 |
| 9.25% | ₹18,317 | ₹23,96,161 | ₹43,96,161 |
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 | ₹46,206 | ₹1,43,485 | ₹1,89,690 | ₹19,53,794 |
| Year 2 | ₹49,669 | ₹1,40,021 | ₹1,89,690 | ₹19,04,125 |
| Year 3 | ₹53,392 | ₹1,36,298 | ₹1,89,690 | ₹18,50,733 |
| Year 4 | ₹57,394 | ₹1,32,296 | ₹1,89,690 | ₹17,93,339 |
| Year 5 | ₹61,697 | ₹1,27,994 | ₹1,89,690 | ₹17,31,642 |
| Year 6 | ₹66,321 | ₹1,23,369 | ₹1,89,690 | ₹16,65,321 |
| Year 7 | ₹71,293 | ₹1,18,398 | ₹1,89,690 | ₹15,94,029 |
| Year 8 | ₹76,637 | ₹1,13,054 | ₹1,89,690 | ₹15,17,392 |
| Year 9 | ₹82,381 | ₹1,07,309 | ₹1,89,690 | ₹14,35,011 |
| Year 10 | ₹88,556 | ₹1,01,134 | ₹1,89,690 | ₹13,46,455 |
| Year 11 | ₹95,194 | ₹94,496 | ₹1,89,690 | ₹12,51,261 |
| Year 12 | ₹1,02,330 | ₹87,360 | ₹1,89,690 | ₹11,48,931 |
| Year 13 | ₹1,10,000 | ₹79,690 | ₹1,89,690 | ₹10,38,931 |
| Year 14 | ₹1,18,246 | ₹71,445 | ₹1,89,690 | ₹9,20,685 |
| Year 15 | ₹1,27,109 | ₹62,581 | ₹1,89,690 | ₹7,93,576 |
| Year 16 | ₹1,36,637 | ₹53,053 | ₹1,89,690 | ₹6,56,939 |
| Year 17 | ₹1,46,879 | ₹42,811 | ₹1,89,690 | ₹5,10,059 |
| Year 18 | ₹1,57,889 | ₹31,801 | ₹1,89,690 | ₹3,52,170 |
| Year 19 | ₹1,69,724 | ₹19,966 | ₹1,89,690 | ₹1,82,446 |
| Year 20 | ₹1,82,446 | ₹7,244 | ₹1,89,690 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Bank of Maharashtra home loan for 20 years?
At Bank of Maharashtra's starting rate of 7.25% the EMI is about ₹15,808 a month. If your offered rate is 8.25% it would be about ₹17,041.
How much total interest will I pay?
At 7.25% the total interest over 20 years is about ₹17,93,805, so you repay about ₹37,93,805 in all.