70 Lakh Home Loan Bank of Maharashtra

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If you are looking for a 70 Lakhs Home Loan, the Bank of Maharashtra is a reliable option. The Bank of Maharashtra home loan interest rate for 70 Lakh starts at 8.35% p.a., offering competitive rates and flexible repayment terms up to 30 years. Their 70 Lakh home loan eligibility criteria are straightforward for salaried and self-employed individuals. Use their 70 Lakh loan EMI calculator Bank of Maharashtra to calculate your EMIs easily. Additionally, they allow balance transfers to reduce interest burdens. With no prepayment charges on floating-rate loans, paying off your loan faster is hassle-free. Check out the Bank of Maharashtra housing loan EMI for 70 Lakh for 10 and 20 years to find the best fit for your needs.

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Table of Content

1. 70 Lakh Home Loan Bank of Maharashtra Highlights

2. 70 Lakh Home Loan EMI for 5 Years Bank of Maharashtra

3. 70 Lakh Home Loan EMI for 10 Years Bank of Maharashtra

4. 70 Lakh Home Loan EMI for 15 Years Bank of Maharashtra

5. 70 Lakh Home Loan EMI for 20 Years Bank of Maharashtra

6. 70 Lakh Bank of Maharashtra Home Loan Fees and Charges

7. 70 Lakh Bank of Maharashtra Home Loan Documents Required

8. 70 Lakh Bank of Maharashtra Home Loan Eligibility Criteria

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

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.

70 Lakh Home Loan Bank of Maharashtra – Highlights

Here are the interest rates and essential information for a 70 lakh home loan from Bank of Maharashtra:

Interest Rates	8.35% p.a. onwards
Loan Amount	Up to 90% of property value
Loan Tenure	Maximum 30 years or up to 75 years of age
Eligibility	Salaried or self-employed individuals, including non-resident Indians (NRIs), who have a consistent income.

70 Lakh Home Loan EMI for 5 Years Bank of Maharashtra

Here is the EMI for a 70 Lakh home loan over 5 years at the Bank of Maharashtra:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 70,00,000	8.35% p.a.	5 years	Rs 1,43,110	Rs 15,86,611	Rs 85,86,611

70 Lakh Home Loan EMI for 10 Years Bank of Maharashtra

Here is the EMI for a 70 Lakh home loan over 10 years at the Bank of Maharashtra:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 70,00,000	8.35% p.a.	10 years	Rs 86,229	Rs 33,47,531	Rs 1,03,47,531

70 Lakh Home Loan EMI for 15 Years Bank of Maharashtra

Here is the EMI for a 70 Lakh home loan over 15 years at the Bank of Maharashtra:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total Payment
Rs 70,00,000	8.35% p.a.	15 years	Rs 68,318	Rs 52,97,181	Rs 1,22,97,181

70 Lakh Home Loan EMI for 20 Years Bank of Maharashtra

Here is the EMI for a 70 Lakh home loan over 20 years at the Bank of Maharashtra:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total Payment
Rs 70,00,000	8.35% p.a.	20 years	Rs 60,085	Rs 74,20,330	Rs 1,44,20,330

70 Lakh Bank of Maharashtra Home Loan – Fees and Charges

Let’s review the fees and charges for a 70 Lakh home loan at Bank of Maharashtra:

Fee/Charge	Amount
Processing Fee	Up to 0.25% of the loan amount + GST
Prepayment Charges	None

70 Lakh Bank of Maharashtra Home Loan – Documents Required

The following documents are required to apply for a 70 lakh home loan from Bank of Maharashtra:

A completed application form along with two passport-sized photos.
Identity Proof: Valid documents are Aadhar Card, Election ID Card, PAN Card, Passport, Voter ID, or Driving License.
Address Proof: Acceptable documents include an Aadhar Card, Election ID Card, Electricity Bill, Landline Bill, Passport, or Driving License.
Income Proof: Last 3 months’ salary slips, the past 2 years’ income tax returns, and bank statements for the last 6 months.
Property Documents: Receipts of payments, building plan copies, local authority construction approval, Sale-Deed Agreement, and Concession Letter.

70 Lakh Bank of Maharashtra Home Loan – Eligibility Criteria

Eligibility requirements for a 70 lakh home loan from Bank of Maharashtra are as follows:

Criteria	Details
Employment	● Candidates must have been in a permanent position with their current employer for at least one year. ● The employer must be affiliated with the Central or State Government, a Public Sector Unit, or a recognised private sector company.
Age	● Minimum Age – 21 ● Maximum Age – 60
Self-Employed	● Includes professionals, businessmen, and pensioners who hold a pension account with the Bank of Maharashtra and show ample disposable income. ● Farmers who own at least 5 acres of irrigated land and have sufficient disposable income are also eligible.
Professional Age Limit	● Professionals such as doctors, architects, and chartered accountants must be between 21 and 65. ● The maximum age limit for other professions is 60.

Frequently Asked Questions

What is the EMI for a 70 lakh Home Loan for 20 years in the Bank of Maharashtra?

The monthly instalment for a 20-year home loan of 70 lakhs from the Bank of Maharashtra amounts to Rs 60,085.

Who is eligible for a 70 lakh home loan from the Bank of Maharashtra?

Salaried workers, self-employed persons, and NRIs qualify for a 70 lakh home loan from the Bank of Maharashtra.

What is the monthly interest rate of a 70 lakh home loan in Bank of Maharashtra?

The monthly interest rate for a 70 Lakh Home Loan from Bank of Maharashtra is around 0.70%.

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