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Bank of Maharashtra vs Federal Bank Loan Against Property
Federal Bank advertises the lower starting rate (8.45% vs 9.95%). On ₹50 lakh over 15 years that is about ₹8,07,637 less interest, or ₹4,487 less per month, at the starting rates.
| Bank of Maharashtra | Federal Bank | |
|---|---|---|
| Starting interest rate | 9.95% | 8.45% |
| EMI for ₹50 lakh, 15 years | ₹53,577 | ₹49,091 |
| Total interest | ₹46,43,935 | ₹38,36,298 |
| Processing fee | Not stated | Not stated |
| Prepayment | Not stated | Not stated |
| Maximum tenure | - | - |
Source: Bank of Maharashtra official page, checked 2 November 2026.
Source: Federal Bank official page, checked 2 November 2026.
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.
Frequently asked questions
Which is cheaper, Bank of Maharashtra or Federal Bank loan against property?
Federal Bank advertises the lower starting rate (8.45% vs 9.95%). On ₹50 lakh over 15 years that is about ₹8,07,637 less interest, or ₹4,487 less per month, at the starting rates. Your actual rate may differ from the starting rate.