35 Lakh Bank of India Home Loan

To make homeownership accessible and affordable for a wide variety of people, the Bank of India’s ₹35 lakh home loan is easily available. With a term of up to 20 years, this loan provides numerous repayment choices that make EMI payments reasonable. Competitive interest rates based on the applicant's CIBIL score enable customised loan conditions. Applying is open to salaried individuals, enterprises, and self-employed professionals. It is a flexible choice for anyone wishing to buy, build, or renovate an existing house. The Bank of India's Home Loan is a dependable option for individuals wanting to purchase their ideal home.

₹35 lakh Home Loan Bank of India – Highlights

Here are Bank of India home loan interest rates for ₹35 lakh, along with highlights:

₹35 lakh Home Loan EMI for 5 years Bank of India 

Bank of India housing loan EMI for ₹35 lakh is mentioned below in detail:

₹35 lakh Home Loan EMI for 10 Years Bank of India 

Here are the ₹35 lakh home loan EMI for 10 years Bank of India:

₹35 lakh Home Loan EMI for 15 Years Bank of India

For an amount of ₹35 lakh, the EMI for 15 years is as follows:

₹35 lakh Home Loan EMI for 20 Years Bank of India

₹35 lakh home loan EMI for 20 years Bank of India are as follows:

₹35 lakh Home Loan EMI for 25 Years Bank of India 

Bank of India home loan of ₹35 lakh EMI for 25 years is as follows:

₹35 lakh Bank of India Home Loan – Fees and Charges 

Here are the fees and charges for ₹35 lakh Bank of India Home Loan:

• Processing Charges: Individuals are charged 0.25% of the loan amount, with a minimum of ₹2,500 and a maximum of ₹20,000. Firms and corporates are charged 0.50% of the loan amount, with a minimum of ₹5,000 and a maximum of ₹40,000. For builder tie-up projects, the charge is 0.15% of the loan amount, capped at ₹10,000. For the Star Diamond Home Loan, a flat fee of ₹50,000 is applicable, regardless of the loan amount.
• Prepayment Charges: There are no prepayment charges.
• Home Loan Takeover and Top-Up Loan: An additional BSD of 0.10% is offered for home loan takeovers, ensuring a minimum interest rate of 8.40%. The bank applies a premium of 0.50% over the existing home loan interest rate for top-up loans.

Here are the additional fees associated with Bank of India’s ₹35 lakh Home Loan:

₹35 lakh Bank of India Home Loan – Documents Required

Applicants must submit the following paperwork for the bank to consider the applicant’s application for a ₹35 lakh home loan with the Bank of India:

Applicant’s Credentials

Financial Background

Property Proof

• Legal and Payment Papers: Sale Deed, Agreement to Sell, and Approved Building Plan.

₹35 lakh Bank of India Home Loan – Eligibility Criteria

Those who want to apply for a Bank of India home loan must be between 18 and 70. Residents of India, NRIs, and PIOs are eligible for the loan; salaried, self-employed, and professional borrowers are all eligible. You must have a steady income and a CIBIL score of 675 or above. Co-applicants, usually members of the applicant’s immediate family, may improve eligibility, and the property must be residential. The value of the property, income, ability to repay the loan, and credit score all affect loan amounts. To be eligible for the loan, applicants must also meet certain requirements, such as having at least two years of work experience, having a clear legal title to the property, and being self-employed for at least three years of continuous business.