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BOM Maha Super Housing Loan Scheme
Discover the BOM Maha Super Housing Loan Scheme – an all-in-one home financing solution by the Bank of Maharashtra. Whether you're looking to buy, build, renovate, or transfer your home loan, this scheme offers high loan-to-value (LTV) ratios, competitive interest rates, and flexible repayment options for both resident and non-resident Indians.
- Rates from 8.50% p.a.
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BOM Maha Super Housing Loan Scheme
Homeownership is one of the greatest aspirations in life, and the Bank of Maharashtra’s BOM Maha Super Housing Loan Scheme brings it within reach for thousands of Indians annually. If you wish to purchase a new home, add to your current flat, build on your property, or even shift your home loan from another bank — this scheme provides unparalleled flexibility, low rates, and customer-centric terms.
Here we will explore everything that you need to know about the BOM Maha Super Housing Loan Scheme from interest rates and limits to eligibility and benefits.
What is the BOM Maha Super Housing Loan Scheme?
The BOM Maha Super Housing Loan Scheme is a comprehensive housing finance option for those who want to:
- Buy a new residence (under construction / ready to occupy)
- Purchase an existing house or flat
- Construct a house on their land/plot.
- Purchase a house / extend or repair an existing housing unit.
- Transfer an existing housing loan from another bank or housing finance company.
The BOM Maha Super Housing Loan Scheme meets the housing needs of all types of prospective home buyers, including salaried employees, self-employed professionals, and Non-Resident Indians (NRI).
Key Features
| Feature | Details |
| Purpose | Purchase, construction, extension, or takeover of residential units |
| Eligible Borrowers | Indian citizens, NRIs, PIOs, and OCIs |
| Loan-to-Value (LTV) Ratio | Up to 90% (based on property value) |
| Repayment Tenure | Up to 30 years or until the borrower turns 75 |
| Moratorium Period | Maximum 48 months |
| Deduction Limit | Up to 80% of income (monthly/annual) |
| Security Required | Equitable or registered mortgage of the property |
| Processing Fee | 0.25% of the loan amount (max ₹25,000); waiver for govt employees (takeovers) |
| Green Housing Option | Rooftop solar system costs can be included in the loan |
Who is Eligible?
You can apply for the BOM Maha Super Housing Loan Scheme if you belong to any of the following categories:
- Resident Indian Citizens
- Non-Resident Indians (NRIs)
- Persons of Indian Origin (PIOs)
- Overseas Citizens of India (OCIs)
BOM Maha Super Housing Loan Scheme Eligibility is further determined by your income level, age, and repayment capacity. Salaried and self-employed individuals must be able to demonstrate steady earnings.
What Can You Use This Loan For?
The scheme is extremely flexible. Here’s what you can finance under the BOM Maha Super Housing Loan Scheme:
- Buying a new or under-construction residential property
- Buying a resale house, flat, or bungalow
- Constructing a home on a self-owned plot
- Extending or renovating an existing home
- Transferring a home loan from another bank/HFC
This all-in-one loan makes it easier for home buyers to manage all types of housing expenses under one umbrella.
Maximum Loan Amount & Income-Based Deduction Norms
The BOM Maha Super Housing Loan Scheme, the loan amount you are eligible for is calculated based on:
- Permissible income deductions
- Loan-to-Value (LTV) ratio
- Requested loan amount
Income Deduction Norms:
| Borrower Type | Deduction Norm |
| Salaried | Up to 80% of the latest monthly income |
| Self-employed/Business | Up to 80% of average annual income |
This ensures your EMI remains affordable and within your repayment capacity.
LTV Ratio – How Much Can You Borrow?
The Loan-to-Value (LTV) ratio varies based on the loan amount:
| Loan Amount | Maximum LTV Ratio |
| Up to ₹30 lakh | 90% |
| ₹30 lakh to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
This means if your property is valued at ₹60 lakh, you can borrow up to ₹48 lakh depending on your income and profile.
Moratorium Period & Repayment Tenure
Moratorium Period:
- You can get a moratorium of up to 48 months, where EMI payments are deferred.
- However, interest will be capitalized only for the first 18 months.
- After that, interest must be paid regularly even during the moratorium.
Repayment Period:
The loan can be repaid within a period of 30 years, or until the borrower reaches 75 years of age, whichever is less.
Such flexible tenure makes repayment easy and low EMI, particularly for young borrowers or those who have other financial responsibilities.
Rate of Interest
The interest rates under the BOM Maha Super Housing Loan Scheme are competitive and based on the bank’s repo-based lending rate (RLLR). The rate you end up getting will be based on:
- Your credit score
- Loan amount
- Tenure
- Borrower category (salaried, self-employed, NRI, etc.)
To check the current rates and about the BOM Maha Super Housing Loan Scheme, visit the Bank of Maharashtra official site or consult with a NoBroker loan advisor.
Processing Fee and Special Waiver
- The processing fee is 0.25% of the loan amount, capped at ₹25,000.
- The full waiver is available for government employees (state/central/PSUs) in case of takeover loans from other banks.
This makes the BOM Maha Super Housing Loan Scheme very appealing for salaried workers employed in the public sector.
Collateral or Security Required
The loan is secured by:
- Equitable Mortgage OR
- Registered Mortgage of the property financed
The bank makes sure that all documents of the property are legally valid before releasing the loan.
Green Bonus: Rooftop Solar Inclusion
As part of the BOM Maha Super Housing Loan Scheme, applicants can include the cost of:
- Rooftop solar photovoltaic system
This expense can be added to the overall project price, and hence the borrower will be eligible for an increased amount of loan IN BOM Maha Super Housing Loan Scheme. Nevertheless, the expense will be estimated based on quotations from authorized solar suppliers.
This not only contributes to environmentally friendly housing but also enables homeowners to reduce electricity bills in the long term.
Advantages of the BOM Maha Super Housing Loan Scheme
Here’s why this BOM Maha Super Housing Loan Scheme is ideal for prospective homeowners:
- Extensive Usage: Purchase, construct, expand, or re-finance – all through a single loan
- High LTV: Avail up to 90% of property value
- Long Tenure: Up to 30 years for convenient repayment
- Moratorium Facility: Postpone EMIs during the construction period
- Solar System Add-on: Encourage green and energy-saving lifestyle
- Waiver for Government Employees: Complete processing fee waiver on takeovers
- Available to NRIs/PIOs: Not restricted to resident Indians
How to Apply for BOM Maha Super Housing Loan Scheme through NoBroker
Getting the BOM Maha Super Housing Loan Scheme has never been simpler. With NoBroker, you can:
- Check Loan Eligibility Instantly
- Compare Interest Rates across top banks.
- Upload Documents Securely online.
- Get Expert Assistance with paperwork and approvals.
- Track Your Loan Status in real time.
NoBroker offers 100% online support with no hidden charges or broker commissions.
Final Thoughts
The BOM Maha Super Housing Loan Scheme is among the most borrower-friendly home loan facilities in India right now. Its wide usage horizon, low-cost interest rates, longer repayment period, and coverage of solar systems serve to service both urban and semi-urban housing needs.
Whether you are a first-time buyer or wish to improve your property, there is something in this BOM Maha Super Housing Loan Scheme for all. And with NoBroker, the application process is simple, transparent, and trouble-free.
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Last Updated: Jul 7, 2026
Education - BTech (IIT Guwahati), IIM Bangalore
With 7 years of hands-on experience structuring home loans across both public and private lending institutions, Suraj Mudaliar brings sharp, practical expertise to every borrower's journey. He specializes in loan eligibility assessment, balance transfers, and EMI optimization - helping customers not just get a loan, but get the right loan for their financial situation.
Top questions asked
BOM Maha Super Housing Loan Scheme is designed to facilitate people to buy, build, extend, or mortgage residential property.
Resident Indians, NRIs, PIOs, and OCIs with regular income are qualified.
Yes, the amount of a rooftop solar photovoltaic system can be added to the project cost.
Up to 30 years or until the borrower reaches 75 years of age.
Yes, a 100% processing fee waiver is available for government employees on takeover loans.
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