25 Lakh Home Loan Bank of Maharashtra

Welcome to the dedicated section for the 25 lakh INR home loan offered by the Bank of Maharashtra. Whether you're buying your first home, constructing your dream house, or refinancing an existing mortgage, Bank of Maharashtra (BoM) home loan solutions are designed to meet your specific needs. With an attractive interest rate of 8.35% annually and flexible repayment options extending up to 30 years, BoM aims to make home financing affordable and straightforward. Enjoy the benefits of a straightforward application process that ensures hassle-free loan approval. Explore detailed eligibility information, required documents, fees, and charges to make an informed decision about securing your future home with the Bank of Maharashtra.

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Written By
Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
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Amit Prakash Singh
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.

25 Lakh Home Loan Bank of Maharashtra – Highlights

Here’s a table highlighting key aspects of a 25 lakh INR home loan from the Bank of Maharashtra:

Interest Rate 8.35% Annual
Maximum Tenure 30 Years
Prepayment No Penalty

25 Lakh Home Loan EMI for 5 Years Bank of Maharashtra

Here’s a detailed table illustrating the EMI calculation for a 25 lakh INR home loan for 5 years from Bank of Maharashtra:

Loan Amount Tenure Interest Rate (Annual) Monthly EMI
25,00,000 INR 5 years 8.35% Approximately 51,087 INR

25 Lakh Home Loan EMI for 10 Years Bank of Maharashtra

Here’s a detailed table showing the EMI calculation for a 25 lakh INR home loan for 10 years from Bank of Maharashtra:

Loan Amount Tenure Interest Rate (Annual) Monthly EMI
25,00,000 INR 10 years 8.35% Approximately 30,960 INR

25 Lakh Home Loan EMI for 15 Years Bank of Maharashtra

Here’s a detailed insight into the EMI calculation for a 25 lakh INR home loan for 15 years from the Bank of Maharashtra:

Loan Amount Tenure Interest Rate (Annual) Monthly EMI
25,00,000 INR 15 years 8.35% Approximately 24,465 INR

25 Lakh Home Loan EMI for 20 Years Bank of Maharashtra

Here’s a table on the EMI calculation for a 25 lakh INR home loan for 20 years from the Bank of Maharashtra:

Loan Amount Tenure Interest Rate (Annual) Monthly EMI
25,00,000 INR 20 years 8.35% Approximately 21,460 INR

25 Lakh Bank of Maharashtra Home Loan – Fees and Charges

The fees and charges for a 25 lakh INR home loan from the Bank of Maharashtra may include processing fees, legal fees, documentation charges, and prepayment penalties (if applicable). Specific details and percentages vary.

25 Lakh Bank of Maharashtra Home Loan – Documents Required

For a 25 lakh INR home loan at the Bank of Maharashtra, the required documents include a completed application form, identification and residence proof, income evidence (salary slips, IT returns), bank statements, property-related documents, and any applicable guarantor forms.

25 Lakh Bank of Maharashtra Home Loan – Eligibility Criteria

Eligibility for a 25 lakh INR home loan from the Bank of Maharashtra typically requires the applicant to be a salaried or self-employed individual or an NRI with a stable income, a good credit history, and meeting age and other financial obligations.

FAQs

What is the EMI for a 25 lakh Home Loan for 20 years at the Bank of Maharashtra?

The estimated monthly EMI for a home loan of 25 lakh INR over 20 years at an annual interest rate of 8.35% from the Bank of Maharashtra is approximately 21,460 INR.

Who is eligible for a 25 lakh Home loan at the Bank of Maharashtra?

To qualify for a 25 lakh INR home loan from the Bank of Maharashtra, applicants typically need to be either salaried, self-employed, or NRIs, with sufficient income, a good credit history, and other financial criteria met.

What is the monthly interest rate of a 25 lakh home loan at the Bank of Maharashtra?

For a 25 lakh home loan from the Bank of Maharashtra, the interest rate translates to about 0.695% per month, based on the annual rate of 8.35%.

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