10 Lakh Bank of India Home Loan

  • Home Loan By Property
  • Home Loan By Profession
  • Home Loan By Scheme
  • Home Loan By Amount

Are you falling ₹10 lakh short of buying a new home or need money for home renovation? Bank of India’s ₹10 lakh Home Loan can help in that. Different home loan options are available at the Bank of India. Choosing one from them can be tricky, but the proper knowledge about interest rates, eligibility criteria and required documents can get you closer to the application process. ₹10 lakh loan EMI calculator at Bank of India’s official website will help you calculate your monthly EMI and eligibility. Don’t let your future new home wait for you; pull the trigger and apply now!

Get in Touch for Home Loan Expert Advice
Connect with our Home Loan Advisor Now!
  • Personalized Home Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Home Loan Interest rate comparison
+91
Choose City

Table of Content

1. 10 lakh Home Loan Bank of India Highlights

2. 10 lakh Home Loan EMI for 5 years Bank of India

3. 10 lakh Home Loan EMI for 10 Years Bank of India

4. 10 lakh Home Loan EMI for 15 Years Bank of India

5. 10 lakh Home Loan EMI for 20 Years Bank of India

6. 10 lakh Home Loan EMI for 25 Years Bank of India

7. 10 lakh Bank of India Home Loan Fees

  • 7.1 Processing Charges
  • 7.2 Prepayment Charges
  • 7.3 Balance Transfer Charges
  • 7.4 Top-Up Loan Charges
  • 7.5 Mortgage Fees
  • 7.6 Late Payment Charges (for Delay in Filing Records)
  • 7.7 Additional Fees
  • 7.8 Insurance Premium

    • 8. 10 lakh Bank of India Home Loan Documents Required

    9. 10 lakh Bank of India Home Loan Eligibility Criteria

    Read more
    Written By
    Rishabh Baisoy
    Rishabh Baisoy
    With a background in journalism and mass communications, Rishabh might be clueless about his plans for the evening, but he clearly knows what to write. A proud cinephile, Rishabh makes the perfect choice to discuss any movie with. Poetry holds a special place in his heart, which mingles well with his wanderlust personality. While he physically exists in India, his heart beats for the red part of Merseyside. Rishabh educates and empowers readers towards financial success at Urban Money.
    Reviewed By
    Amit Prakash Singh
    Amit Prakash Singh
    Co-Founder, Square Yards & Chief Business Officer, Urban Money
    Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

    ₹10 lakh Home Loan Bank of India – Highlights

    Here are Bank of India home loan interest rates for ₹10 lakh, along with highlights:

    Feature Details
    Additional Benefit Accidental damage insurance that’s free up to Rs. 5.00 crores
    Rate of Interest Starting from 8.40% p.a.
    Maximum Repayment Tenure Up to 36 months
    Prepayment Penalty NIL

    ₹10 lakh Home Loan EMI for 5 years Bank of India

    Bank of India housing loan EMI for ₹10 lakh is mentioned below in detail:

    Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
    ₹10 lakh 8.40% p.a. 5 years ₹20,468 ₹2,28,102 ₹12,28,102

    ₹10 lakh Home Loan EMI for 10 Years Bank of India 

    Here are the ₹10 lakh home loan EMI for 10 years Bank of India:

    Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
    ₹10 lakh 8.40% p.a. 10 years ₹12,345 ₹4,81,418 ₹14,81,418

    ₹10 lakh Home Loan EMI for 15 Years Bank of India

    For an amount of ₹10 lakh, the EMI for 15 years is as follows:

    Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
    ₹10 lakh 8.40% p.a. 15 years ₹9,789 ₹7,61,996 ₹17,61,996

    ₹10 lakh Home Loan EMI for 20 Years Bank of India

    ₹10 lakh home loan EMI for 20 years Bank of India are as follows:

    Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
    ₹10 lakh 8.40% p.a. 20 years ₹8,615 ₹10,67,611 ₹20,67,611

    ₹10 lakh Home Loan EMI for 25 Years Bank of India 

    Bank of India home loan of ₹10 lakh EMI for 25 years is as follows:

    Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
    ₹10 lakh 8.40% p.a. 25 years ₹7,985 ₹13,95,498 ₹23,95,498

    ₹10 lakh Bank of India Home Loan – Fees 

    Here are the charges for ₹10 lakh Bank of India Home Loan:

    Processing Charges

    For Individuals:
    • 0.25% of Loan Amount
    • Minimum Amount: ₹2,500
    • Maximum Amount: ₹20,000
    For Firms & Corporates:
    • 0.50% of Loan Amount
    • Minimum Amount: ₹5,000
    • Maximum Amount: ₹40,000
    For Builder Tie-Up Projects:
    • 0.15% of Loan Amount
    • Maximum Amount: ₹10,000
    Star Diamond Home Loan: Flat Fee: ₹50,000, irrespective of the loan amount

    Prepayment Charges

    • No Prepayment Penalty: Applicable to all borrowers, allowing for early repayment without additional costs.

    Balance Transfer Charges

    • Home Loan Takeover: Additional Benefit: An additional BSD of 0.10% is offered, subject to a minimum Interest rate of 8.40%.

    Top-Up Loan Charges

    • Applicable to Respective Home Loan Account: Premium: 0.50% over the existing rate in the home loan account.

    Mortgage Fees

    For Loan Up to ₹10 Lakh ₹5,000 + GST
    For Loan Exceeding ₹10 Lakh and Up to ₹1 Crore:  ₹10,000 + GST
    For Loan Over ₹1 Crore and Up to ₹5 Crore: ₹20,000 + GST

    Late Payment Charges (for Delay in Filing Records)

    Delay of 31 to 40 Days: Twice the applicable fee
    Delay of 41 to 50 Days: Five times the applicable fee
    Delay of 51 to 60 Days: Ten times the applicable fee

    Additional Fees

    For Accessing Own Credit Report: ₹50 per report
    CERSAI Registration Fees: As per applicable government regulations.

    Insurance Premium

    • Included in Project Cost: The insurance premium is part of the home loan component, ensuring coverage.

    ₹10 lakh Bank of India Home Loan – Documents Required

    Bank of India requires a few documents to approve a ₹10 lakh home loan to a customer. For the same, the applicant must submit the following paperwork.

    Category Document Type Details
    For Individuals Proof of Identity (Anyone) PAN Card, Passport, Driver’s Licence, Voter ID
    Proof of Address (Any one) Passport, Driver’s Licence, Aadhar Card, Latest Electricity Bill, Latest Telephone Bill, Latest Piped Gas Bill
    Proof of Income (Salaried) Latest 6 Months Salary/Pay Slip, One Year Income Tax Return (ITR) or Form 16
    Proof of Income (Self-Employed) Last 3 Years Income Tax Returns (ITR) with Computation of Income, Profit & Loss Account, Balance Sheet, Capital Account Statement
    Property Documents Agreement to Sell, Sale Deed, Copy of Approved Building Plan, Receipts of Payments made to Builder/Seller, Title Deed/Conveyance Deed
    For Non-Individuals KYC Documents for Partners/Directors PAN Card, Passport, Aadhar Card
    Company/Firm Documents PAN Card copy of Company/Firm, Registered Partnership Deed (for Partnership Firms), Memorandum of Association (MOA) & Articles of Association (AOA) (for Companies), Certificate of Incorporation (as applicable)
    Financial Documents Account Statement for the last 12 months, Firm’s Audited Financials for the previous 3 years

    ₹10 lakh Bank of India Home Loan – Eligibility Criteria

    The criteria for ₹10 lakh home loan eligibility at the Bank of India are as follows:

    Criteria Details
    Age Criteria Minimum Age: 18 years at the time of loan application
    Maximum Age: 70 years at the time of final repayment
    Residency Status Eligible Applicants: Resident Indians, Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs)
    Ineligible Applicants: Trusts are not eligible under this scheme
    Applicant Types Individuals: Salaried, Self-Employed, Professionals
    Non-Individuals: Group/Association of Individuals, Hindu Undivided Family (HUF), Corporates (Companies, Firms)
    Income Criteria For Salaried Individuals: Stable employment with a minimum tenure of 2-3 years, sufficient income to ensure timely repayment
    For Self-Employed Individuals: Minimum business continuity of 3 years, stable and sufficient income
    For NRIs/PIOs: Stable employment or business continuity overseas, valid work permit or business license, sufficient and regular income
    Credit Score CIBIL Score: A CIBIL-Personal Score of 675 and above is typically required; interest rates vary based on the CIBIL score

    Frequently Asked Questions (FAQs)

    What is the EMI for a ₹10 lakh Home Loan for 20 years in the Bank of India?

    ₹8,615 should be the EMI for a  ₹10 lakh Home Loan for 20 years in the Bank of India.

    Who is eligible for a ₹10 lakh Home Loan in the Bank of India?

    A minimum 18-year-old applicant and a maximum 70-year-old applicant can apply for a ₹10 lakh Home Loan in the Bank of India at the time of loan repayment.

    What is the monthly interest rate of a ₹10 lakh home loan in the Bank of India?

    The monthly interest rate of a ₹10 lakh home loan in the Bank of India starts from 0.70%.

    Quick Links

    Loan Offers By Bank Of India's

    Home Loan by Private Bank

    Home Loan by Nationalized Bank

    Home Loan by NBFC

    Home Loan Calculators

    Bank Of India Calculators

    Urban Money

    Disclaimer:

    The website may provide information about various loan products, insurance products, credit scores & links to other websites or resources over which urbanmoney.com does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that urbanmoney.com is providing these information & links only as a convenience, and further agree that urbanmoney.com is not responsible for the veracity of such information. Please note that users are advised to independently verify the information & do other requisite due diligence before making any decision and that urbanmoney.com nor its employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website.  And further that user’s use of links to such external websites are subject to the terms of use and privacy policies located on those sites.

    © 2025 www.urbanmoney.com. All rights reserved.