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Bank of Maharashtra ₹30 lakh Home Loan EMI for 20 Years
At the advertised starting rate of 7.25%, the EMI is about ₹23,711 a month, with total interest of about ₹26,90,707.
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) | ₹23,711 | ₹26,90,707 | ₹56,90,707 |
| 7.75% | ₹24,628 | ₹29,10,830 | ₹59,10,830 |
| 8.25% | ₹25,562 | ₹31,34,873 | ₹61,34,873 |
| 8.75% | ₹26,511 | ₹33,62,717 | ₹63,62,717 |
| 9.25% | ₹27,476 | ₹35,94,241 | ₹65,94,241 |
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 | ₹69,308 | ₹2,15,227 | ₹2,84,535 | ₹29,30,692 |
| Year 2 | ₹74,504 | ₹2,10,032 | ₹2,84,535 | ₹28,56,188 |
| Year 3 | ₹80,088 | ₹2,04,447 | ₹2,84,535 | ₹27,76,100 |
| Year 4 | ₹86,092 | ₹1,98,444 | ₹2,84,535 | ₹26,90,008 |
| Year 5 | ₹92,545 | ₹1,91,991 | ₹2,84,535 | ₹25,97,463 |
| Year 6 | ₹99,482 | ₹1,85,054 | ₹2,84,535 | ₹24,97,982 |
| Year 7 | ₹1,06,939 | ₹1,77,597 | ₹2,84,535 | ₹23,91,043 |
| Year 8 | ₹1,14,955 | ₹1,69,581 | ₹2,84,535 | ₹22,76,088 |
| Year 9 | ₹1,23,572 | ₹1,60,964 | ₹2,84,535 | ₹21,52,516 |
| Year 10 | ₹1,32,834 | ₹1,51,701 | ₹2,84,535 | ₹20,19,682 |
| Year 11 | ₹1,42,791 | ₹1,41,744 | ₹2,84,535 | ₹18,76,891 |
| Year 12 | ₹1,53,495 | ₹1,31,041 | ₹2,84,535 | ₹17,23,396 |
| Year 13 | ₹1,65,000 | ₹1,19,535 | ₹2,84,535 | ₹15,58,396 |
| Year 14 | ₹1,77,369 | ₹1,07,167 | ₹2,84,535 | ₹13,81,027 |
| Year 15 | ₹1,90,664 | ₹93,872 | ₹2,84,535 | ₹11,90,363 |
| Year 16 | ₹2,04,956 | ₹79,580 | ₹2,84,535 | ₹9,85,408 |
| Year 17 | ₹2,20,319 | ₹64,217 | ₹2,84,535 | ₹7,65,089 |
| Year 18 | ₹2,36,833 | ₹47,702 | ₹2,84,535 | ₹5,28,256 |
| Year 19 | ₹2,54,586 | ₹29,949 | ₹2,84,535 | ₹2,73,669 |
| Year 20 | ₹2,73,669 | ₹10,866 | ₹2,84,535 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 lakh Bank of Maharashtra home loan for 20 years?
At Bank of Maharashtra's starting rate of 7.25% the EMI is about ₹23,711 a month. If your offered rate is 8.25% it would be about ₹25,562.
How much total interest will I pay?
At 7.25% the total interest over 20 years is about ₹26,90,707, so you repay about ₹56,90,707 in all.