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Bank of Maharashtra ₹5 lakh Personal Loan EMI for 5 Years
At the advertised starting rate of 10%, the EMI is about ₹10,624 a month, with total interest of about ₹1,37,411.
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) | ₹10,624 | ₹1,37,411 | ₹6,37,411 |
| 10.5% | ₹10,747 | ₹1,44,817 | ₹6,44,817 |
| 11% | ₹10,871 | ₹1,52,273 | ₹6,52,273 |
| 11.5% | ₹10,996 | ₹1,59,778 | ₹6,59,778 |
| 12% | ₹11,122 | ₹1,67,333 | ₹6,67,333 |
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 | ₹81,134 | ₹46,348 | ₹1,27,482 | ₹4,18,866 |
| Year 2 | ₹89,630 | ₹37,852 | ₹1,27,482 | ₹3,29,236 |
| Year 3 | ₹99,015 | ₹28,467 | ₹1,27,482 | ₹2,30,221 |
| Year 4 | ₹1,09,383 | ₹18,099 | ₹1,27,482 | ₹1,20,837 |
| Year 5 | ₹1,20,837 | ₹6,645 | ₹1,27,482 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Bank of Maharashtra personal loan for 5 years?
At Bank of Maharashtra's starting rate of 10% the EMI is about ₹10,624 a month. If your offered rate is 11% it would be about ₹10,871.
How much total interest will I pay?
At 10% the total interest over 5 years is about ₹1,37,411, so you repay about ₹6,37,411 in all.