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Bank of Maharashtra ₹5 lakh Personal Loan EMI for 2 Years
At the advertised starting rate of 10%, the EMI is about ₹23,072 a month, with total interest of about ₹53,739.
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) | ₹23,072 | ₹53,739 | ₹5,53,739 |
| 10.5% | ₹23,188 | ₹56,512 | ₹5,56,512 |
| 11% | ₹23,304 | ₹59,294 | ₹5,59,294 |
| 11.5% | ₹23,420 | ₹62,084 | ₹5,62,084 |
| 12% | ₹23,537 | ₹64,882 | ₹5,64,882 |
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 | ₹2,37,562 | ₹39,307 | ₹2,76,870 | ₹2,62,438 |
| Year 2 | ₹2,62,438 | ₹14,432 | ₹2,76,870 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Bank of Maharashtra personal loan for 2 years?
At Bank of Maharashtra's starting rate of 10% the EMI is about ₹23,072 a month. If your offered rate is 11% it would be about ₹23,304.
How much total interest will I pay?
At 10% the total interest over 2 years is about ₹53,739, so you repay about ₹5,53,739 in all.