60 Lakh Bank of India Home Loan

The rising home values may make you think you are far from your dream of homeownership. You may also tired of paying rent, and it seems your hard-earned money goes to waste, even though it keeps a roof over your family’s heads. You’d love to apply for a Bank of India 60 lakh home loan. You can repay the same rented amount with your home loan. To help you make your homeownership as soon as possible, Urban Money presents a detailed overview of this borrower-friendly credit option. We primarily cover the expected 60 lakh home loan EMI Bank of India, applicable interest rates, eligibility, documentation, and associated fees. This ultimately helps you make a more informed decision. Let’s get started!

60 Lakh Home Loan Bank of India – Highlights

The Bank of India home loan interest rate for 60 lakhs and other key features are as follows:

60 Lakh Home Loan EMI for 5 Years Bank of India 

Let’s examine the 60 lakh home loan EMI in Bank of India with a tenure of 5 years:

60 Lakh Home Loan EMI for 10 Years Bank of India

Have a close look at the 60 lakh home loan EMI for 10 years from the Bank of India:

60 Lakh Home Loan EMI for 15 Years Bank of India

The Bank of India home loan of 60 lakh EMI for a tenure of 15 years are given below:

60 Lakh Home Loan EMI for 20 Years Bank of India

Below are the 60 lakh home loan EMI for 20 years from the Bank of India:

60 Lakh Home Loan EMI for 25 Years Bank of India 

The 60 lakh home loan EMI in the Bank of India for a tenure of 25 years is as follows:

60 Lakh Bank of India Home Loan – Fees and Charges 

Apart from the Bank of India home loan interest rate of 60 lahks, you must know the following fees and charges associated with this loan:

60 Lakh Bank of India Home Loan – Documents Required

Let’s examine the applicable documents for the Bank of India 60 lakh home loan:

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

60 Lakh Bank of India Home Loan – Eligibility Criteria 

Below are the expected 60 lakh home loan eligibility in Bank of India:

• Age Limit: Applicants should be aged between 18 and 70 years old. 
• Income criteria: Applicants should have a sufficient income to cover the loan EMIs. 
• Credit Score: Applicants should have a good credit score, usually 700 or above.
• Employment Status: Applicants should be salaried, self-employed, or professionals.
• Nationality: Applicants should be Indian citizens, which applies to NRIs and PIOs.