75 Lakh Bank of India Home Loan

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Need help to fund your dream home? Urban Money is here to introduce you to one of the best financial tools in the market- a 75 Lakh Home Loan from the Bank of India. This loan process is quick and straightforward, requiring minimal documentation and quick fund disbursement. The 75 Lakh Home Loan from the Bank of India offers some of the lowest interest rates in the market, starting at 8.40% p.a. and short loan tenures according to the applicant’s demands. Some advantages of taking this loan are its extendable holiday period and bank transfer facilities. In this guide, you will discover the EMI payments for various loan tenures and some of the important features of the loan, which will help you compare it with other tools.

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Table of Content

1. 75 Lakh Home Loan Bank of India- Highlights

2. 75 Lakh Home Loan EMI for 5 Years from the Bank of India

3. 75 Lakh Home Loan EMI for 10 Years from the Bank of India

4. 75 Lakh Home Loan EMI for 15 Years from the Bank of India

5. 75 Lakh Home Loan EMI for 20 Years from the Bank of India

6. 75 Lakh Home Loan EMI for 25 Years from the Bank of India

7. 75 Lakh Bank of India Home Loan Fees and Charges

8. Documents Required For a Bank of India 75 Lakh Home Loan

9. 75 Lakh Bank of India Home Loan Eligibility Criteria

Written By

Bhavya Kamra

With a background in commerce and a strong affinity for numbers, Bhavya is dedicated to delivering accurate financial insights in her blog. She avidly reads finance magazines and articles to stay updated on the latest market trends. Currently crafting content for Urban Money, Bhavya aims to offer practical financial tips and simplify complex subjects into easy-to-understand steps.

Reviewed By

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.

75 Lakh Home Loan Bank of India- Highlights

Here are some of the important features of the 75 Lakh Home Loan from Bank of India which will help you decide whether or not you want to apply for it:

Parameter	Information
Purpose	Home purchase, property acquisition, or renovation
Rate of Interest	Begins at 8.40% p.a. (dependent on CIBIL)
Fees	0.25% of the loan amount, min INR 2500, max INR 20,000
Tenure	Maximum of 360 months
Initial Holiday Period	Up to 36 months

75 Lakh Home Loan EMI for 5 Years from the Bank of India

If you are planning to pay back your 75 Lakh Home Loan from the Bank of India within five years, here is the official EMI payment and interest payable:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 75 Lakh	8.40 %	Five years	₹1,53,513	₹17,10,780	₹92,10,780

75 Lakh Home Loan EMI for 10 Years from the Bank of India

The interest and EMI payable for a 75 Lakh Home Loan from Bank of India for ten years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 75 Lakh	8.40 %	Ten years	₹92,589	₹36,10,680	₹1,11,10,680

75 Lakh Home Loan EMI for 15 Years from the Bank of India

At an interest rate of 8.40%, the total EMI and interest for a 75 Lakh Home Loan from the Bank of India for 15 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 75 Lakh	8.40 %	15 years	₹73,416	₹57,14,880	₹1,32,14,880

75 Lakh Home Loan EMI for 20 Years from the Bank of India

The total interest payable, along with monthly EMIs, for a Bank of India 75 Lakh Home Loan over 20 years is:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 75 Lakh	8.40 %	20 years	₹64,613	₹80,07,120	₹1,55,07,120

75 Lakh Home Loan EMI for 25 Years from the Bank of India

For a 25-year-long tenure, the official EMI payment, along with total interest payable for a Bank of India 75 Lakh Home Loan at 8.40% p.a., will come up to be:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 75 Lakh	8.40 %	25 years	₹59.887	₹1,04,66,100	₹1,79,66,100

75 Lakh Bank of India Home Loan – Fees and Charges

The official charges taken by the Bank of India for a 75 Lakh Home Loan are:

Charge type	Percentage of the home loan
PPC for individuals	0.25%
PPC for companies	0.50%
PPC for builders	0.15%
Home Loan Takeover	1.10%
Premium Charge for Loan over 2 Crore	0.25%

Documents Required For a Bank of India 75 Lakh Home Loan

The official documents required for a 75 Lakh Home Loan from the Bank of India are:

PAN/Passport/ Driver Licence/Voter ID
Latest Electricity Bill, Telephone Bill or Piped Gas Bill
Aadhar Card
One year of ITR/ Form 16 or 6 months Pay Slip
Salary for salaried employees or last three years of ITR with Income estimates
Balance Sheet
Capital Account Statement or Profit & Loss Account for self-employed individuals
Last three years’ audited financials
KYC of Partners/Directors
Account statement for the previous 12 months
PAN Card copy of Company/Firm Regd. Partnership Deed/MOA/AOA
Certificate of Incorporation (If Possible)

75 Lakh Bank of India Home Loan – Eligibility Criteria

The eligibility criteria for a Bank of India Home Loan worth 75 Lakhs is:

Criteria	Details
Nationality	Indian Residents, NRIs, and PIOs
Age	Should be between 18 years and 70 years of age at the time of repayment
Profession	Salaried professionals, self-employed individuals, and professionals
Other Parties	Groups, associations of individuals, HUFs, and companies

Frequently Asked Questions (FAQs)

What is the EMI for a 75 lakh Bank of India home loan over a 20-year tenure?

The official EMI amount for a 75 Lakh Bank of India Home Loan is ₹64,613 if it is for 20 years.

Who is eligible for a 75 lakh Bank of India home loan?

Any Indian Citizen, NRI, Company, or institution is eligible for a 75 Lakh Bank of India Home Loan.

What is the monthly interest rate on a 75 lakh Bank of India home loan?

The monthly interest rate for a 75 lakh Bank of India home loan starts at 8.40% and varies according to the respective applicant's CIBIL score.

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