85 Lakh Home Loan Bank of Maharashtra

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The Bank of Maharashtra offers an 85 lakh home loan with competitive interest rates and flexible repayment options. This loan is ideal for purchasing a new home, constructing a house, or refinancing existing home loans. With benefits like minimal processing fees, no prepayment charges, and a simple documentation process, the Bank of Maharashtra ensures a hassle-free home loan experience. The bank's commitment to customer satisfaction makes it a preferred choice for many homebuyers.

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Table of Content

1. 85 Lakh Home Loan Bank of Maharashtra Highlights

2. 85 Lakh Home Loan EMI for 5 Years Bank of Maharashtra

3. 85 Lakh Home Loan EMI for 10 Years Bank of Maharashtra

4. 85 Lakh Home Loan EMI for 15 Years Bank of Maharashtra

5. 85 Lakh Home Loan EMI for 20 Years Bank of Maharashtra

6. 85 Lakh Home Loan EMI for 25 Years Bank of Maharashtra

7. 85 Lakh Bank of Maharashtra Home Loan Fees and Charges

8. 85 Lakh Bank of Maharashtra Home Loan Documents Required

9. 85 Lakh Bank of Maharashtra Home Loan Eligibility Criteria

Written By

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

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

85 Lakh Home Loan Bank of Maharashtra – Highlights

Highlights of the 85 lakh Home Loan Bank of Maharashtra are given below.

Feature	Description
Loan Amount	Up to ₹ 85 Lakhs and above
Interest Rate	Starting from 8.35% p.a.
Tenure	Up to 30 years

85 Lakh Home Loan EMI for 5 Years Bank of Maharashtra

The 85 lakh home loan EMI for 5 years at the Bank of Maharashtra can be calculated based on the interest rate of 8.35% p.a.

Loan Amount	Tenure	Interest Rate	EMI
₹85,00,000	5 years	8.35% p.a.	₹1,73,500

85 Lakh Home Loan EMI for 10 Years Bank of Maharashtra

Opting for an 85 lakh home loan EMI for 10 years balances the EMI amount and the total interest paid over the loan tenure.

Loan Amount	Tenure	Interest Rate	EMI
₹85,00,000	5 years	8.35% p.a.	₹1,05,000

85 Lakh Home Loan EMI for 15 Years Bank of Maharashtra

The 85 lakh home loan EMI for 15 years ensures manageable monthly payments for those seeking a more extended repayment period.

Loan Amount	Tenure	Interest Rate	EMI
₹85,00,000	5 years	8.35% p.a.	₹82,750

85 Lakh Home Loan EMI for 20 Years Bank of Maharashtra

The 85 lakh home loan EMI for 20 years is ideal for borrowers looking for lower EMIs spread over a more extended period, making homeownership more affordable

Loan Amount	Tenure	Interest Rate	EMI
₹85,00,000	5 years	8.35% p.a.	₹72,500

85 Lakh Home Loan EMI for 25 Years Bank of Maharashtra

Choosing an 85 lakh home loan EMI for 25 years offers the lowest EMI amount and is suitable for individuals with long-term financial planning.

Loan Amount	Tenure	Interest Rate	EMI
₹85,00,000	5 years	8.35% p.a.	₹67,500

85 Lakh Bank of Maharashtra Home Loan – Fees and Charges

Processing fees and other charges associated with the 85 lakh Bank of Maharashtra home loan are below.

Fee Type	Description
Processing Fee	0.5% of the loan amount plus applicable taxes
Pre-payment Charges	None
Foreclosure Charges	None

85 Lakh Bank of Maharashtra Home Loan – Documents Required

Here are the documents required to apply for an 85 lakh Bank of Maharashtra home loan

Identity Proof
Address Proof
Income Proof (Salary Slip/ITR)
Bank Statements
Property Documents

85 Lakh Bank of Maharashtra Home Loan – Eligibility Criteria

Applicants must meet specific criteria to be eligible for an 85 lakh home loan from the Bank of Maharashtra; these include:

Minimum age: 21 years
Maximum age at loan maturity: 75 years
Stable income source
Good credit score

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