2 Crore Home Loan Bank of Maharashtra

Opting for a 2 Crore Home Loan from the Bank of Maharashtra can be a transformative step towards acquiring your dream home. This bank provides a robust framework for securing substantial loan amounts with competitive interest rates and flexible repayment terms, making it a viable choice for homebuyers. Scroll down to read more about the features and associated information on Bank of Maharashtra’s 2 crore home loan.

2 Crore Home Loan Bank of Maharashtra – Highlights

The features of this loan are as follows:

EMI Calculations for Different Tenures

To help visualise the monthly financial commitment, here are the EMIs for different tenures:

These EMI values are approximate and calculated at an 8.35% annual interest rate. For personalised calculations, use the Urban Money EMI calculator.

Fees and Charges

The bank charges a nominal processing fee of up to 0.25% of the loan amount, which is competitive and affordable. This allows borrowers to have lower upfront costs.

Documents Required

Applicants need to provide:

• Proof of identity and address
• Income proof (salary slips, bank statements)
• Property documents
• Additional documents for NRI applicants include employment contracts, visas, overseas bank statements, etc.

Eligibility Criteria

Eligibility for the loan is based on:

• Age (21-60 years)
• Employment status (salaried or self-employed)
• Stable income
• Satisfactory credit score