45 Lakh Home Loan Bank of Maharashtra

Looking for a 45 lakh home loan with a trusted partner? Look no further than the Bank of Maharashtra! This leading Indian bank has decades of experience helping individuals achieve homeownership. They offer attractive interest rates, flexible repayment terms, and exceptional customer service. This page goes into their 45 lakh home loan product, including eligibility criteria, interest rates, and the application process. Let the Bank of Maharashtra guide you towards your dream home.

Get in Touch for Home Loan Expert Advice
Connect with our Home Loan Advisor Now!
  • Personalized Home Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Home Loan Interest rate comparison
+91
Choose City

Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
Reviewed By
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

45 Lakh Home Loan Bank of Maharashtra – Highlights

Here are the highlights of Bank of Maharashtra’s 45 lakh home loan:

Benefit Details
Interest Rate 8.35% p.a.
Loan Tenure 5 to 30 years
Special Concessions 0.05% rate discount for women and defence personnel.

45 Lakh Home Loan EMI for 5 Years Bank of Maharashtra

Curious about how a 5-year term impacts your EMI? This table breaks down the estimated monthly payments for a 45 lakh Bank of Maharashtra home loan over 5 years.

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
5 years 8.35% p.a. ₹88,051 ₹8,283,076 ₹53,283,076

45 Lakh Home Loan EMI for 10 Years Bank of Maharashtra

Considering a 10-year repayment plan? This table provides estimated monthly instalments (EMIs) for a 45 lakh home loan from the Bank of Maharashtra with a 10-year tenure:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
10 years 8.35% p.a. ₹56,936 ₹18,32,297 ₹63,32,297

45 Lakh Home Loan EMI for 15 Years Bank of Maharashtra

Plan your budget for the long term! Check out this table for estimated EMIs on a 45 lakh Bank of Maharashtra home loan for 15 years:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
15 years 8.35% p.a. ₹44,247 ₹29,47,456 ₹74,47,456

45 Lakh Home Loan EMI for 20 Years Bank of Maharashtra

Stretch your repayments and potentially lower your monthly outgo! This table showcases the estimated EMIs for a 45 lakh, 20-year Bank of Maharashtra home loan:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
20 years 8.35% p.a. ₹39,200 ₹45,68,004 ₹90,68,004

45 Lakh Home Loan EMI for 25 Years Bank of Maharashtra

Explore the affordability options for a longer repayment period! This table details the estimated monthly payments (EMI) for a 45 lakh home loan from the Bank of Maharashtra over 25 years.

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
25 years 8.35% p.a. ₹38,499 ₹66,99,999 ₹1,11,99,999

45 Lakh Bank of Maharashtra Home Loan – Fees and Charges

Bank of Maharashtra fees include:

  • Secure your dream home with the Bank of Maharashtra’s competitive home loan rates.
  • A processing fee (up to 0.5%) and minimal documentation charges to finalise your loan may apply.
  • In some cases, CERSAI registration fees might be applicable.

45 Lakh Bank of Maharashtra Home Loan – Documents Required

Documents for the Bank of Maharashtra home loan of Rs. 45 lakhs:

  • Proof of income (salary slips/IT returns)
  • Identity proof (Aadhaar, PAN)
  • Bank statements (past 6 months)
  • Property documents (sale deed, approvals)

45 Lakh Bank of Maharashtra Home Loan – Eligibility Criteria

For your 45 lakh home loan, the Bank of Maharastra will check the following:

  1. Income & Credit Score
  2. Repayment Comfort
  3. Lending History

FAQ

What is the EMI for a 45 lakh home loan for 20 years at the Bank of Maharashtra?

An estimated ₹31,204 could be your monthly EMI for a 45 lakh, 20-year Bank of Maharashtra home loan, assuming an 8.35% annual interest rate.

Who is eligible for a 45 lakh home loan at the Bank of Maharashtra?

The Bank of Maharashtra likely offers home loans up to ₹45 lakh. However, eligibility depends on your income, credit score, and employment type.

What is the monthly interest rate on a 45 lakh home loan at the Bank of Maharashtra?

For a 45 lakh home loan at the Bank of Maharashtra, the monthly interest rate is approximately 0.695%, based on their current annual rate of 8.35%.

Loan Offers By Bank Of Maharashtra's

Urban Money