80 Lakh Home Loan Bank of Maharashtra

Bank of Maharashtra, a trusted financial institution with a strong presence in India, offers competitive home loan options to help you achieve your dream home. Whether you're looking to purchase a new home, renovate your existing one, or build your dream house from scratch, the Bank of Maharashtra has a solution. They are known for their attractive interest rates, flexible repayment terms, and commitment to customer service. Explore this page to learn more about Bank of Maharashtra's 80 lakh home loan product, including eligibility criteria, interest rates, and the application process. Let the Bank of Maharashtra be your partner in making your homeownership dreams a reality.

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Hepson Franklin
Hepson Franklin
Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.
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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.

80 Lakh Home Loan Bank of Maharashtra – Highlights

Given below are the features of the Bank of Maharashtra’s 80 lakh home loan:

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

80 Lakh Home Loan EMI for 5 Years Bank of Maharashtra

This table summarises the details of the home loan:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
5 years 8.35% p.a. ₹1,58,471 ₹9,08,256 ₹89,08,256

80 Lakh Home Loan EMI for 10 Years Bank of Maharashtra

This table outlines the specifics of the home loan:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
10 years 8.35% p.a. ₹1,03,875 ₹29,65,018 ₹1,09,65,018

80 Lakh Home Loan EMI for 15 Years Bank of Maharashtra

This table presents the details of the home loan:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
15 years 8.35% p.a. ₹73,655 ₹42,57,884 ₹1,22,57,884

80 Lakh Home Loan EMI for 20 Years Bank of Maharashtra

This table details the EMI of an 80 lakh home loan:

Loan Tenure Interest Rate Monthly EMI Total Interest Total Amount Payable
20 years 8.35% p.a. ₹55,499 ₹70,19,665 ₹1,50,19,665

80 Lakh Home Loan EMI for 25 Years Bank of Maharashtra

Here is the information on the EMI details of an 80 lakh home loan by the Bank of Maharashtra:

Loan Amount Loan Tenure Interest Rate Monthly EMI
80,00,000 INR 25 years 8.35% p.a. 55,398 INR

80 Lakh Bank of Maharashtra Home Loan – Fees and Charges

The following are the fees and charges of the Bank of Maharashtra:

  • Competitive interest rates for Bank of Maharashtra home loans.
  • Minimal processing fee (up to 0.5%) and documentation charges apply.
  • CERSAI registration fee may be applicable in some cases.

80 Lakh Bank of Maharashtra Home Loan – Documents Required

The Bank of Maharashtra home loan of 80 lakh depends on whether you’re a business owner or an employee at a private/government institution. Expect proof of income, ID, property papers, and bank statements.

80 Lakh Bank of Maharashtra Home Loan – Eligibility Criteria

To check your home loan eligibility in India:

  • Income & Debts: The Bank of Maharashtra will consider your income and existing financial obligations to see if you can afford repayments.
  • Credit Score: A high credit score shows responsible borrowing and improves your approval chances.

FAQs

What is the EMI for an 80 Lakh Home Loan for 20 years in the Bank of Maharashtra?

An 80 lakh home loan from the Bank of Maharashtra translates to an estimated monthly EMI of ₹55,499, based on a 20-year term and 8.35% annual interest rate.

Who is eligible for an 80 Lakh Home loan in the Bank of Maharashtra?

With a Bank of Maharashtra home loan of ₹80 lakh at 8.35% annual interest, the estimated monthly interest rate is around 0.695%.

What is the monthly interest rate of an 80 Lakh home loan in the Bank of Maharashtra?

While the annual interest rate for a 80 lakh Bank of Maharashtra home loan is 8.35%, the monthly interest translates to roughly 0.695%.

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