IndiaBanks.org · independent research

Personal, home, vehicle & other loans

Bank of Maharashtra Farmhouse Construction Loan

Agriculture term finance from ₹2 lakh to ₹50 lakh to construct a farmhouse, storage, cattle shed, drying yard and related facilities on agricultural land, with up to 15 years including moratorium.

Interest rateUp to ₹10 lakh: current effective 11.50% p.a. Above ₹10 lakh: current effective 12.50% p.a.Maximum amount₹50 lakh; ₹2 lakh to ₹10 lakh requires at least 2.5 irrigated acres and above ₹10 lakh to ₹50 lakh requires at least five irrigated acres.TenureUp to 15 years including moratorium; moratorium may run up to 18 months or construction completion, whichever is earlier.
Official product page ↗Compare category

Quick eligibility check

Bank of Maharashtra Farmhouse Construction Loan

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No rupee income floor?

Published source: Income and land requirement

2Does your annual income meet this requirement: sufficient disposable income is required?

Published source: Income and land requirement

3Do you meet this requirement: Minimum perennially irrigated land is 2.5 acres up to ₹10 lakh and five acres above ₹10 lakh?

Published source: Income and land requirement

4Do you meet this requirement: Applicant must be 18 to 65 at application and no older than 75 at maturity?

5Does your annual income meet this requirement: At least 2.5 acres of perennially irrigated land is required up to ₹10 lakh and five acres above ₹10 lakh, together with sufficient disposable income?

6Document checkDo you have this required document or proof: Loan application Form 138 and Enclosure B2?

Published source: Income and land requirement

7Document checkDo you have this required document or proof: 7/12, 8A and 6D land extracts and boundary record?

Published source: Income and land requirement

8Document checkDo you have this required document or proof: Co-applicant salary slips, ITR, Form 16, balance sheet and profit-and-loss statement where applicable?

Published source: Income and land requirement

9Document checkDo you have this required document or proof: No-dues certificates including PACS?

Published source: Income and land requirement
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India; subject to applicable State farmhouse-construction law

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeAgriculture term loan for farmhouse construction and related farm storage, cattle-shed and drying-yard facilities.View source
The purpose row lists the dwelling and associated farm facilities.
Source
Farmhouse Construction Scheme
Page / section
Facility; Purpose
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateUp to ₹10 lakh: current effective 11.50% p.a. Above ₹10 lakh: current effective 12.50% p.a.View source
The product publishes exact formulas and the current one-year is 9.00%.
Source
Farmhouse Construction Scheme and current notice
Page / section
Rate of Interest; page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkOne-year MCLR 9.00% + BSS 0.50% + 2.00% up to ₹10 lakh, or +3.00% above ₹10 lakh.View source
The current benchmark is combined with the exact product spread.
Source
with effect from 25.07.2026
Page / section
page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published.View source
No fee-inclusive appears in the reviewed official sources.
Source
Farmhouse Construction Scheme
Page / section
Complete product table and linked current schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Income and land requirementNo rupee income floor; sufficient disposable income is required. Minimum perennially irrigated land is 2.5 acres up to ₹10 lakh and five acres above ₹10 lakh.View source
The scheme ties land area and disposable income to the requested band.
Source
Farmhouse Construction Scheme
Page / section
Eligibility; Loan Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amount₹50 lakh; ₹2 lakh to ₹10 lakh requires at least 2.5 irrigated acres and above ₹10 lakh to ₹50 lakh requires at least five irrigated acres.View source
The page publishes both amount bands and their land conditions.
Source
Farmhouse Construction Scheme
Page / section
Loan Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureUp to 15 years including moratorium; moratorium may run up to 18 months or construction completion, whichever is earlier.View source
The repayment row publishes both limits.
Source
Farmhouse Construction Scheme
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeAgriculture term-loan tariff: nil up to ₹5 lakh; 1% above ₹5 lakh to ₹25 crore.View source
The current schedule publishes the agriculture term-loan slabs.
Source
Service Charges - Commercial, and Agriculture Credit
Page / section
Processing Fees - Term Loan: including Agriculture Credit
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment charge2% of the prepaid amount when prepayment exceeds 25% of the sanctioned limit; nil when principal outstanding is below 25% of sanctioned limit; not applicable to Micro and Small Enterprises.View source
The current all-credit term-loan rule states the threshold and exemption.
Source
Service Charges - All Credit
Page / section
Prepayment Charges - Term Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹2 lakh to ₹50 lakh
  • Up to 15 years including moratorium
  • Moratorium up to 18 months or construction completion, whichever is earlier
  • Co-applicant income may be clubbed
  • Agricultural-land conversion to non-agricultural use is not required where State law permits

Eligibility

  • Applicant must be 18 to 65 at application and no older than 75 at maturity. At least 2.5 acres of perennially irrigated land is required up to ₹10 lakh and five acres above ₹10 lakh, together with sufficient disposable income. Existing bank borrowers need a good three-year record; multiple banking is not permitted.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Loan application Form 138 and Enclosure B2
  • 7/12, 8A and 6D land extracts and boundary record
  • Co-applicant salary slips, , Form 16, balance sheet and profit-and-loss statement where applicable
  • No-dues certificates including PACS
  • Thirty-year panel-advocate title search
  • Construction estimates, permissions and layout
  • Registrar/Sub-Registrar valuation certificate
  • Guarantee Form F-138 and guarantor financial/land records where applicable

Related official documents

Scheme for construction of farmhouse to Agriculturistsofficial-product-page · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Commercial, MSME and Agriculture Creditofficial-pdf · current · accessed 31 Aug 2026
↗
Marginal Cost of Funds Based Lending Rates with effect from 25.07.2026official-pdf · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Facility · Published detailAgricultural Term Loan

This value is copied from Farmhouse Construction Loan — complete published scheme table. Check the table notes before relying on it.

Source: Farmhouse Construction Scheme · Complete scheme table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 13 rows · 2 columnsFarmhouse Construction Loan — complete published scheme tableView tableHide table

Scroll sideways to view every column

Farmhouse Construction Loan — complete published scheme table
ParticularPublished detail
FacilityAgricultural Term Loan
PurposeFarmhouse dwelling, produce/implement storage, cattle shed, drying yard and farm management
EligibilityAgriculture/allied applicants; 2.5 irrigated acres minimum; sufficient income; good 3-year record for existing borrowers; no multiple banking
Age18–65 at application; no older than 75 at maturity
Amount₹2–10 lakh with 2.5 irrigated acres; above ₹10–50 lakh with five irrigated acres
Margin25% of construction cost
RateUp to ₹10 lakh: 1-year +BSS 0.50%+2%; above ₹10 lakh: 1-year +BSS 0.50%+3%
SecurityRegistered mortgage of agricultural land and farmhouse; crop/assets hypothecation; two net-worth guarantors; eligible substitute security at 25% margin where land cannot be mortgaged
RepaymentUp to 15 years including moratorium; moratorium up to 18 months or construction completion
InsuranceAssets insured for full value
LegalState permission and title search required; no conversion where State law permits
Other conditionsRegistrar valuation; co-applicant income may be clubbed; adequate income/liquidity; ; gazetted revenue-officer income certificate accepted for non- farmers
DocumentsForm 138/B2; land records; co-applicant income evidence; no-dues; 30-year search; estimates/permissions/layout; registrar valuation; guarantee and guarantor records
Farmhouse Construction Scheme · Complete scheme table · accessed 31 Aug 2026Open official source ↗
Table 2 · 5 rows · 3 columnsBank of Maharashtra MCLR effective 25 July 2026View tableHide table

Scroll sideways to view every column

Bank of Maharashtra MCLR effective 25 July 2026
TenorResidual maturity p.a.
Overnight1 day7.30%
One monthMore than 1 day to 1 month8.30%
Three monthsMore than 1 month to 3 months8.55%
Six monthsMore than 3 months to 6 months8.90%
One yearMore than 6 months9.00%
with effect from 25.07.2026 · page 1 · accessed 31 Aug 2026Open official source ↗

More from Bank of Maharashtra

Related products

Bank of Maharashtra Agri-Clinic and Agri-Business Centre Loan

Term finance for qualified candidates aged 18 to 60 to establish an agri-clinic or agri-business centre, up to ₹20 lakh individually or ₹1 crore for a five-member group, with five-to-ten-year repayment and eligible subsidy.

View product

Bank of Maharashtra Agriculture Gold Loan

An agriculture term loan against pledged gold jewellery for crop, allied-activity and investment needs, up to ₹1 crore per borrower and repayable within 24 months.

View product

Bank of Maharashtra Animal Husbandry Loan

Term-loan or cash-credit finance for dairy, draught animals, poultry, sheep/goat rearing, animal sheds, machinery and working capital, with project-based finance and three-to-seven-year term repayment.

View product

Bank of Maharashtra Farm Mechanization Loan

Up to ₹25 lakh for new or second-hand tractors, power tillers, combine harvesters, threshers, sprayers and other farm machinery, repayable over five to nine years.

View product