3 Crore Home Loan Bank of Maharashtra

The Bank of Maharashtra 3 crore home loan is an ideal option for owning a home. Whether you need to buy a new house, build on a plot, or renovate an existing property, this loan is tailored to meet your needs. It features flexible repayment options, competitive interest rates, and straightforward documentation, making the process smoother and more accessible. However, there are certain things you should be aware of before finalising your decision. These may include a 3 crore home loan EMI from the Bank of Maharashtra, pertinent interest rates, eligibility criteria, required documents, etc. To help you make a more informed decision, Urban Money provides nearly everything you need to know about this loan. Scroll down to learn more.

3 Crore Home Loan Bank of Maharashtra – Highlights 

The Bank of Maharashtra home loan interest rate for 3 crore and other key parameters are as follows:

3 Crore Home Loan EMI for 5 Years Bank of Maharashtra 

Let’s examine the 3 crore home loan EMI in Bank of Maharashtra with a tenure of 5 years:

3 Crore Home Loan EMI for 10 Years Bank of Maharashtra

Let’s examine the 3 crore home loan EMI for 10 years from the Bank of Maharashtra:

3 Crore Home Loan EMI for 15 Years Bank of Maharashtra 

Let’s examine the Bank of Maharashtra home loan 3 crore EMI with a tenure of 15 years:

3 Crore Home Loan EMI for 20 Years Bank of Maharashtra 

Let’s examine the 3 crore home loan EMI for 20 years from the Bank of Maharashtra:

3 Crore Home Loan EMI for 25 Years Bank of Maharashtra

Let’s examine the 3 crore home loan EMI in Bank of Maharashtra with a tenure of 25 years:

3 Crore Bank of Maharashtra Home Loan – Fees and Charges

In addition to the Bank of Maharashtra home loan interest rate of 3 crore, there are certain fees and charges the applicants should be aware of. They are mentioned below –

3 Crore Bank of Maharashtra Home Loan – Documents Required 

Let’s examine the applicable documentation for the Bank of Maharashtra 3 crore home loan:

• Identity Proof:  PAN card, election ID card, driving license, aadhar card, or passport.
• Address Proof: Aadhar card, election ID card, electricity bill, telephone landline bill, passport, or driving license.
• Income Proof: Last 3 months’ salary slips, 2 years’ IT returns, and 6 months’ bank account statement. 
• Property Proof: Agreement of sale deed, payment receipts made for buying a residential unit, permission from the authority to construct a flat/house, etc. 
• Additional Documents: Complete and signed application form and two passport-size photographs.

3 Crore Bank of Maharashtra Home Loan – Eligibility Criteria 

Let’s examine the 3 crore home loan eligibility in Bank of Maharashtra:

• Age Limit: You must be at least 21 years old at the time of application and not older than 75 years at the time of loan maturity.
• Employment Criteria: You should be salaried, self-employed, a business owner, or an agriculturist.
• Income Stability: You must have a regular source of income sufficient to cover the loan EMI.
• Credit Score: You should have a positive credit score and a good repayment history.
• Nationality: You must be an Indian citizen, although NRIs and PIOs are also eligible.