1 Crore Home Loan Bank of Maharashtra

Turn your 1 crore home loan dream into reality with the Bank of Maharashtra! This established Indian bank is known for its competitive rates and flexible repayment options on home loans. Whether you're a first-time buyer, looking to refinance, or planning a renovation, the Bank of Maharashtra has every solution. Explore this page to learn more about the Bank of Maharashtra 1 Crore home loan.

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Written By
Amrita Sinha
Amrita Sinha
Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.
Reviewed By
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

1 Crore Home Loan Bank of Maharashtra – Highlights

Know about the key features of the Bank of Maharashtra’s 1 crore home loan:

Benefit Details
Interest Rate 8.35% p.a.
Loan Tenure 5 to 30 years
Processing Fees Minimises upfront costs
Other charges No hidden charges
Special Concessions 0.05% rate discount for women and defence personnel.

1 Crore Home Loan EMI for 5 Years Bank of Maharashtra

Given below are the EMI details of a 1 crore home loan by the Bank of Maharashtra with a tenure of 5 years:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
5 years 8.35% p.a. ₹2,01,618 ₹21,09,073 ₹1,21,09,073

1 Crore Home Loan EMI for 10 Years Bank of Maharashtra

Here’s the EMI detail table for the 1 crore home loan with a tenure of 10 years from the Bank of Maharashtra:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
10 years 8.35% p.a. ₹1,31,849 ₹33,42,910 ₹1,33,42,910

1 Crore Home Loan EMI for 15 Years Bank of Maharashtra

This table presents the EMI details of the Bank of Maharashtra home loan:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
15 years 8.35% p.a. ₹1,03,047 ₹50,48,562 ₹1,50,48,562

1 Crore Home Loan EMI for 20 Years Bank of Maharashtra

This table outlines the specifics of the home loan:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
20 years 8.35% p.a. ₹96,800 ₹70,03,996 ₹1,70,03,996

1 Crore Home Loan EMI for 25 Years Bank of Maharashtra

Here’s the table for the 1 crore home loan with a tenure of 25 years from the Bank of Maharashtra:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
25 years 8.35% p.a. ₹76,998 ₹1,33,99,998 ₹2,33,99,998

1 Crore Bank of Maharashtra Home Loan – Fees and Charges

Bank of Maharashtra offers competitive interest rates for home loans. While there are no prepayment charges, a processing fee (up to 0.5%) and a small documentation fee may apply. CERSAI charges (registration fee) might also be applicable in some cases.

1 Crore Bank of Maharashtra Home Loan – Documents Required

Bank of Maharashtra 1 crore home loan documents depend on:

  • Proof of Identity (Any 1): Aadhaar Card, PAN Card or Driving License
  • Proof of Income: Last 3 months’ salary slips & IT returns
  • Proof of Residence (Any 1): Electricity Bill, Telephone Bill (Landline) or Passport
  • Bank Statements: Last 6 months’ bank account statements
  • Property Documents: Sale deed/Agreement of Sale, Approved building plans, Allotment letter, Permission for construction

1 Crore Bank of Maharashtra Home Loan – Eligibility Criteria

For a 1 crore home loan, the Bank of Maharashtra will assess your income and financial stability to ensure you can comfortably repay the loan. Your credit score also plays a big role, with a good score indicating responsible borrowing habits. Finally, consider your debt-to-income ratio to gauge your repayment ability.

Frequently Asked Questions

What is the EMI for a 70 lakh Home Loan for 20 years in the Bank of Maharashtra?

The monthly instalment for a 20-year home loan of 70 lakhs from the Bank of Maharashtra amounts to Rs 60,085.

Who is eligible for a 70 lakh home loan from the Bank of Maharashtra?

Salaried workers, self-employed persons, and NRIs qualify for a 70 lakh home loan from the Bank of Maharashtra.

What is the monthly interest rate of a 70 lakh home loan in Bank of Maharashtra?

The monthly interest rate for a 70 Lakh Home Loan from Bank of Maharashtra is around 0.70%.

Loan Offers By Bank Of Maharashtra's

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