90 Lakh Bank of India Home Loan

Do you want to buy a high-end apartment, or is it a villa that grabbed your attention? Whatever it is, the Bank of India’s ₹90 lakh Home Loan has arrived to make it your future home. The application process is simple, and the documentation requirements are minimal, so what’s stopping you from applying? Is it eligibility? Don’t worry; ₹ 90 lakh home loan eligibility at the Bank of India is easy to meet. You can also use ₹90 lakh loan EMI calculator for a Bank of India loan. It is your time to make a move and grab the opportunity to get the home you always desired.

₹90 lakh Home Loan Bank of India – Highlights

Here are Bank of India home loan interest rates for ₹90 lakh, along with highlights:

₹90 lakh Home Loan EMI for 5 Years Bank of India 

Bank of India housing loan EMI for ₹90 lakhs is mentioned below in detail:

₹90 lakh Home Loan EMI for 10 Years Bank of India 

Here is the ₹90 lakhs home loan EMI for 10 years Bank of India:

₹90 lakh Home Loan EMI for 15 Years Bank of India

For an amount of ₹90 lakh, the EMI for 15 years is as follows:

₹90 lakh Home Loan EMI for 20 Years Bank of India

₹90 lakhs home loan EMI for 20 years Bank of India are as follows:

₹90 lakh Home Loan EMI for 25 Years Bank of India 

EMI for 25 years from the Bank of India’s home loan of ₹90 lakh is as follows:

₹90 lakh Bank of India Home Loan – Fees and Charges 

Here are the interest rates for ₹90 lakhs Bank of India Home Loan. These charges vary depending on the applicant’s CIBIL score and employment type.

• For CIBIL Score 825 and above: 8.40%
• For CIBIL Score 800 to 824: 8.50%
• For CIBIL Score 760 to 799: 8.70%
• For CIBIL Score 725 to 759: 8.80%
• For CIBIL Score 675 to 724: 9.55%
• For CIBIL Score below 675 (Salaried): 10.65%
• For CIBIL Score below 675 (Non-Salaried): 10.80%

The processing charges are based on the type of borrower. For individuals, the charge is 0.25% of the loan amount, with a minimum of Rs. 2,500 and a maximum of Rs. 20,000. For firms and corporates, the charge is 0.50% of the loan amount, with a minimum of Rs. 5,000 and a maximum of Rs. 40,000. For builder tie-up projects, the charge is 0.15% of the loan amount, with a maximum cap of Rs. 10,000. In the case of the Star Diamond Home Loan, there is a fixed fee of Rs. 50,000, irrespective of the loan amount.

There are no prepayment charges applicable to any borrowers. For balance transfer charges in the case of a home loan takeover, an additional BSD of 0.10% is applied, with a minimum rate of interest set at 8.40%. A premium of 0.50% is added to the respective home loan account for top-up loans.

₹90 lakh Bank of India Home Loan – Documents Required

To apply for a ₹90 lakhs home loan with the Bank of India, the applicant must provide the following documents:

For Individuals

For Non-Individuals (Firms, Corporates, etc.)

Additional Documents

₹90 lakh Bank of India Home Loan – Eligibility Criteria

The following are the criteria for  ₹90 lakhs home loan eligibility at the Bank of India:

• Age Criteria: The applicant’s minimum age should be 18 at the time of loan application, and the maximum age should be 70 at the time of final loan repayment.
• Income:

• Employment: 

• Credit Score: A CIBIL Score of 675 and above is a good score that makes an individual eligible for Bank of India’s ₹90 lakh Home Loan.