1 Crore Bank of India Home Loan

Bank of India is a reliable partner for home loan borrowers. Whether you're looking to buy or build a home, a 1 crore home loan from the Bank of India can help make your dream of homeownership a tangible reality. The interest rate starts at just 8.35% per annum. This is among the best in the current market, making it a more cost-effective credit option. However, it is crucial to estimate the 1 crore home loan EMI in the Bank of India before finalising your decision. It helps you understand the financial commitment you incur, helping you to plan your budget accordingly. Hence, Urban Money provides a comprehensive overview of the Bank of India housing loan EMI for 1 crore, including the expected interest rates, eligibility criteria, required documents, and associated fees. Let’s scroll down to learn more.

1 Crore Home Loan Bank of India – Highlights

Following are the Bank of India home loan interest rate for 1 crore and other key parameters:

1 Crore Home Loan EMI for 5 Years Bank of India 

Let’s examine the 1 crore home loan EMI in Bank of India with a tenure of 5 years:

1 Crore Home Loan EMI for 10 Years Bank of India

Have a close look at the 1 crore home loan EMI for 10 years from the Bank of India:

1 Crore Home Loan EMI for 15 Years Bank of India

The Bank of India home loan 1 crore EMI rates and amount for a tenure of 15 years are given below:

1 Crore Home Loan EMI for 20 Years Bank of India

Below are the rates for a 1 crore home loan EMI for 20 years from the Bank of India:

1 Crore Home Loan EMI for 25 Years Bank of India 

The rates and amount for a 1 crore home loan EMI in the Bank of India for a tenure of 25 years are as follows:

1 Crore Bank of India Home Loan – Fees and Charges 

Besides the Bank of India home loan interest rate of 60 lahks, there are certain fees and charges you must review:

1 Crore Bank of India Home Loan – Documents Required

Following are the expected documents for the Bank of India 1 crore home loan:

• KYC Documents: Aadhar card, PAN card, Voter ID, Driving Licence, or Passport.
• Proof of Address: Utility bills, Aadhar card, Passport, or Driving Licence.
• Proof of Salary: Latest 6-month salary slip or 1-year ITR/Form16.
• Proof of Business: Last 3-year ITR, profit & loss account, balance sheet, and capital account statement. (Applicable to non-salaried individuals).

1 Crore Bank of India Home Loan – Eligibility Criteria 

Below are the expected 1 crore home loan eligibility in Bank of India:

• Age Limit: Applicants must be between 18 and 70 years old. 
• Income criteria: Applicants need to have adequate income to manage loan EMIs. 
• Credit Score: Applicants should have a good credit score, usually 750 or above.
• Employment Status: Applicants should be salaried, self-employed, or professionals.
• Nationality: Applicants must be Indian citizens, including NRIs and PIOs.