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Bank of Maharashtra ₹10 lakh Personal Loan EMI for 5 Years
At the advertised starting rate of 10%, the EMI is about ₹21,247 a month, with total interest of about ₹2,74,823.
Source: Bank of Maharashtra 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.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 10% (starting) | ₹21,247 | ₹2,74,823 | ₹12,74,823 |
| 10.5% | ₹21,494 | ₹2,89,634 | ₹12,89,634 |
| 11% | ₹21,742 | ₹3,04,545 | ₹13,04,545 |
| 11.5% | ₹21,993 | ₹3,19,556 | ₹13,19,556 |
| 12% | ₹22,244 | ₹3,34,667 | ₹13,34,667 |
Year-by-year repayment schedule at 10%
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 | ₹1,62,268 | ₹92,696 | ₹2,54,965 | ₹8,37,732 |
| Year 2 | ₹1,79,260 | ₹75,705 | ₹2,54,965 | ₹6,58,472 |
| Year 3 | ₹1,98,031 | ₹56,934 | ₹2,54,965 | ₹4,60,442 |
| Year 4 | ₹2,18,767 | ₹36,198 | ₹2,54,965 | ₹2,41,675 |
| Year 5 | ₹2,41,675 | ₹13,290 | ₹2,54,965 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Bank of Maharashtra personal loan for 5 years?
At Bank of Maharashtra's starting rate of 10% the EMI is about ₹21,247 a month. If your offered rate is 11% it would be about ₹21,742.
How much total interest will I pay?
At 10% the total interest over 5 years is about ₹2,74,823, so you repay about ₹12,74,823 in all.