40 Lakh Home Loan Bank of Maharashtra

Bank of Maharashtra provides home loans up to ₹40 lakh at an annual interest rate of 8.35% to meet diverse housing needs. With repayment terms ranging from 5 to 30 years, these loans are structured to ease the burden of monthly payments. Furthermore, you can enjoy low processing fees and no penalties for prepayment on floating-rate loans. Special interest rate concessions are also available for women and defence personnel, making it easier to achieve your dream of home ownership. Start your application with the Bank of Maharashtra’s 40 lakh home loan today.

40 Lakh Home Loan Bank of Maharashtra – Highlights

Here are some of the highlights of the 40 lakh home loan from the Bank of Maharashtra:

40 Lakh Home Loan EMI For 5 Years Bank of Maharashtra

Here are the EMI details on a 40 lakh home loan from the Bank of Maharashtra over a tenure of 5 years at an interest rate of 8.35% P.A.:

40 Lakh Home Loan EMI For 10 Years Bank of Maharashtra

The following table represents details on the EMI on a 40 lakh home loan from the Bank of Maharashtra over a period of 10 years at 8.35% P.A.:

40 Lakh Home Loan EMI For 15 Years Bank of Maharashtra

Here is the EMI for a 40 lakh home loan from the Bank of Maharashtra for 15 years at the interest rate of 8.35% P.A.:

40 Lakh Home Loan EMI For 20 Years Bank of Maharashtra

Know the EMI details for a 40 lakh home loan from the Bank of Maharashtra at 8.35% P.A. over a period of 20 years:

40 Lakh Bank of Maharashtra Home Loan – Fees And Charges

Here’s a breakdown of the fees associated with your 40 lakh home loan from the Bank of Maharashtra:

• Prepayment Charges: None for floating-rate loans.
• Property Verification & Legal Fees: Actual costs covered by the bank.
• Processing Fee: 0%-0.5% of the loan amount
• Documentation Charges: Nominal fixed fee.
• Late Payment Penalty: As per loan agreement.

40 Lakh Bank of Maharashtra Home Loan – Documents Required

Here’s a list of documents you’ll need to get your Bank of Maharashtra home loan application moving smoothly:

• Application Form
• Recent utility bill or ID document.
• Salary slips, ITR/Form 16, bank statements.
• Sale agreement, registration receipt, and NOC (if applicable)

40 Lakh Bank of Maharashtra Home Loan – Eligibility Criteria

To secure your dream home with a 40 lakh loan from the Bank of Maharashtra, you’ll need to demonstrate:

• Financial Stability: Solid income record; debts under 50% of income.
• Credit Score: Above 750.
• Employment: Steady job for salaried (18-60 years), stable business for self-employed (up to 70 years).
• Down Payment: Minimum 20% of property value.