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Bank of Maharashtra ₹30 lakh Home Loan EMI for 15 Years
At the advertised starting rate of 7.25%, the EMI is about ₹27,386 a month, with total interest of about ₹19,29,460.
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) | ₹27,386 | ₹19,29,460 | ₹49,29,460 |
| 7.75% | ₹28,238 | ₹20,82,889 | ₹50,82,889 |
| 8.25% | ₹29,104 | ₹22,38,758 | ₹52,38,758 |
| 8.75% | ₹29,983 | ₹23,97,023 | ₹53,97,023 |
| 9.25% | ₹30,876 | ₹25,57,638 | ₹55,57,638 |
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 | ₹1,14,899 | ₹2,13,732 | ₹3,28,631 | ₹28,85,101 |
| Year 2 | ₹1,23,511 | ₹2,05,119 | ₹3,28,631 | ₹27,61,590 |
| Year 3 | ₹1,32,770 | ₹1,95,861 | ₹3,28,631 | ₹26,28,820 |
| Year 4 | ₹1,42,722 | ₹1,85,909 | ₹3,28,631 | ₹24,86,098 |
| Year 5 | ₹1,53,420 | ₹1,75,211 | ₹3,28,631 | ₹23,32,678 |
| Year 6 | ₹1,64,920 | ₹1,63,711 | ₹3,28,631 | ₹21,67,758 |
| Year 7 | ₹1,77,282 | ₹1,51,348 | ₹3,28,631 | ₹19,90,476 |
| Year 8 | ₹1,90,571 | ₹1,38,060 | ₹3,28,631 | ₹17,99,905 |
| Year 9 | ₹2,04,856 | ₹1,23,775 | ₹3,28,631 | ₹15,95,049 |
| Year 10 | ₹2,20,212 | ₹1,08,419 | ₹3,28,631 | ₹13,74,838 |
| Year 11 | ₹2,36,718 | ₹91,912 | ₹3,28,631 | ₹11,38,119 |
| Year 12 | ₹2,54,462 | ₹74,168 | ₹3,28,631 | ₹8,83,657 |
| Year 13 | ₹2,73,536 | ₹55,094 | ₹3,28,631 | ₹6,10,121 |
| Year 14 | ₹2,94,040 | ₹34,591 | ₹3,28,631 | ₹3,16,081 |
| Year 15 | ₹3,16,081 | ₹12,550 | ₹3,28,631 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 lakh Bank of Maharashtra home loan for 15 years?
At Bank of Maharashtra's starting rate of 7.25% the EMI is about ₹27,386 a month. If your offered rate is 8.25% it would be about ₹29,104.
How much total interest will I pay?
At 7.25% the total interest over 15 years is about ₹19,29,460, so you repay about ₹49,29,460 in all.