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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.
- Personalized Home Loan solutions
- Expert guidance
- Application assistance
- Credit score discussion
- Home Loan Interest rate comparison
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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?
Who is eligible 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?
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