4 Crore Bank of India Home Loan

Elevate your lifestyle to a new level with the Bank of India’s ₹4 Crore loan. This loan is intended for people looking for unique chances. This big loan gives you the financial flexibility to achieve your most ambitious goals. When buying a luxury item, a premium piece of real estate, or a well-timed business investment, these customised options can easily help you reach your homeownership objectives. You can use ₹4 Crore loan emi calculator from Bank of India to calculate the estimated EMI. Discover the highest level of individual service and financial sophistication from the Bank of India.

₹4 Crore Home Loan Bank of India – Highlights

Here are Bank of India home loan interest rates for ₹4 Crore, along with highlights:

₹4 Crore Home Loan EMI for 5 Years Bank of India 

Bank of India housing loan EMI for ₹4 Crore is:

₹4 Crore Home Loan EMI for 10 Years Bank of India 

Here is the ₹4 Crore home loan EMI for 10 years Bank of India:

₹4 Crore Home Loan EMI for 15 Years Bank of India

For an amount of ₹4 Crore, the EMI for 15 years is as follows:

₹4 Crore Home Loan EMI for 20 Years Bank of India

₹4 Crore home loan EMI for 20 years Bank of India is as follows:

₹4 Crore Home Loan EMI for 25 Years Bank of India 

Bank of India home loan of ₹4 Crore EMI for 25 years is as follows:

₹4 Crore Bank of India Home Loan – Fees and Charges 

Here are the Bank of India home loan interest rates for ₹4 Crore:

The processing charges for individuals are 0.25% of the loan amount, with a minimum fee of ₹2,500 and a maximum of ₹20,000. For firms and corporates, the processing fee is set at 0.50% of the loan amount, with the minimum charge being ₹5,000 and the maximum ₹40,000. Builder tie-up projects incur a processing charge of 0.15% of the loan amount, capped at ₹10,000. The Star Diamond Home Loan has a fixed processing fee of ₹50,000, regardless of the loan amount.

Some additional charges are as follows:

• Prepayment Charges: No prepayment penalty for any borrower.
• Balance Transfer Charges: Additional BSD of 0.10%, with a minimum ROI of 8.40%.
• Top-Up Loan Charges: Applicable in the respective home loan account with a premium of 0.50% over the existing interest rate.

₹4 Crore Bank of India Home Loan – Documents Required

To apply for a ₹4 Crore home loan with the Bank of India, the applicant must provide the following documents:

Personal Identification

Proof of Identity (Submit any one):

Income Verification

For Self-Employed Individuals:

Non-Individual Applicants (Firms, Corporates, etc.)

KYC Documents for Partners/Directors:

Company/Firm Documentation:

Financial Records:

Property and Additional Documents

Property Documents:

• The Agreement to Sell must be provided, detailing the agreed-upon terms between the buyer and seller.
• A Sale Deed is required. It is the legal document that transfers ownership of the property from the seller to the buyer.
• A copy of the Approved Building Plan must be submitted to verify that the construction complies with legal and municipal guidelines.
• Receipts of Payments made to the Builder or Seller should be included to demonstrate the financial transactions completed for the property purchase.
• The Title Deed or Conveyance Deed is essential, as it legally establishes the ownership of the property.

Other Documents

• A fully Completed and Signed Application Form is necessary to formally apply for the loan.
• Passport-size Photographs of both the applicant and co-applicant should be provided for identification purposes.
• A Cheque for the Processing Fee must be submitted to cover the administrative costs associated with the loan application.
• For salaried individuals, Proof of Employment Continuity is needed to demonstrate job stability.
• Self-employed individuals should provide Proof of Business Continuity to show that their business has been operational for a sufficient period.
• The Latest Form 26AS must reflect the applicant’s tax credits and deductions for the financial year.

₹4 Crore Bank of India Home Loan – Eligibility Criteria

Bank of India offers home loans to applicants with a cibil score of 675 and more. Some other factors determine the eligibility of a candidate as well. The following are the criteria for  ₹4 Crore home loan eligibility at Bank of India:

Age Criteria

Employment

Income