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Bank of Maharashtra vs State Bank of India Personal Loan
Bank of Maharashtra and State Bank of India advertise the same starting rate.
| Bank of Maharashtra | SBI | |
|---|---|---|
| Starting interest rate | 10% | 10% |
| EMI for ₹5 lakh, 3 years | ₹16,134 | ₹16,134 |
| Total interest | ₹80,809 | ₹80,809 |
| Processing fee | Not stated | Not stated |
| Prepayment | Not stated | Not stated |
| Maximum tenure | - | - |
Source: Bank of Maharashtra official page, checked 2 November 2026.
Source: State Bank of India 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 SBI personal loan?
Bank of Maharashtra and State Bank of India advertise the same starting rate. Your actual rate may differ from the starting rate.