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Bank of Maharashtra ₹50 lakh Home Loan EMI for 15 Years
At the advertised starting rate of 7.25%, the EMI is about ₹45,643 a month, with total interest of about ₹32,15,766.
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) | ₹45,643 | ₹32,15,766 | ₹82,15,766 |
| 7.75% | ₹47,064 | ₹34,71,482 | ₹84,71,482 |
| 8.25% | ₹48,507 | ₹37,31,263 | ₹87,31,263 |
| 8.75% | ₹49,972 | ₹39,95,038 | ₹89,95,038 |
| 9.25% | ₹51,460 | ₹42,62,731 | ₹92,62,731 |
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 | ₹1,91,498 | ₹3,56,220 | ₹5,47,718 | ₹48,08,502 |
| Year 2 | ₹2,05,852 | ₹3,41,865 | ₹5,47,718 | ₹46,02,650 |
| Year 3 | ₹2,21,283 | ₹3,26,435 | ₹5,47,718 | ₹43,81,367 |
| Year 4 | ₹2,37,870 | ₹3,09,848 | ₹5,47,718 | ₹41,43,497 |
| Year 5 | ₹2,55,700 | ₹2,92,018 | ₹5,47,718 | ₹38,87,797 |
| Year 6 | ₹2,74,867 | ₹2,72,851 | ₹5,47,718 | ₹36,12,930 |
| Year 7 | ₹2,95,470 | ₹2,52,247 | ₹5,47,718 | ₹33,17,460 |
| Year 8 | ₹3,17,618 | ₹2,30,099 | ₹5,47,718 | ₹29,99,842 |
| Year 9 | ₹3,41,426 | ₹2,06,291 | ₹5,47,718 | ₹26,58,415 |
| Year 10 | ₹3,67,019 | ₹1,80,699 | ₹5,47,718 | ₹22,91,396 |
| Year 11 | ₹3,94,530 | ₹1,53,187 | ₹5,47,718 | ₹18,96,866 |
| Year 12 | ₹4,24,104 | ₹1,23,614 | ₹5,47,718 | ₹14,72,762 |
| Year 13 | ₹4,55,894 | ₹91,824 | ₹5,47,718 | ₹10,16,868 |
| Year 14 | ₹4,90,067 | ₹57,651 | ₹5,47,718 | ₹5,26,801 |
| Year 15 | ₹5,26,801 | ₹20,916 | ₹5,47,718 | ₹0 |
Frequently asked questions
What is the EMI for a ₹50 lakh Bank of Maharashtra home loan for 15 years?
At Bank of Maharashtra's starting rate of 7.25% the EMI is about ₹45,643 a month. If your offered rate is 8.25% it would be about ₹48,507.
How much total interest will I pay?
At 7.25% the total interest over 15 years is about ₹32,15,766, so you repay about ₹82,15,766 in all.