90 Lakh Home Loan Bank of Maharashtra

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The Bank of Maharashtra's 90 lakh home loan helps individuals purchase or construct their ideal home. Eligible applicants can use the fund to buy a new house or flat, build a home on a plot, or renovate an existing property, catering to a wide range of customers. Moreover, the bank offers attractive interest rates, personalised repayment plans, an online application process, and quick fund disbursement. Hence, Urban Money presents a complete overview of this borrower-friendly credit option. We primarily detail the expected 90 lakh home loan EMI in the Bank of Maharashtra, applicable interest rates, eligibility, documentation, and more. Let’s dive in!

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Table of Content

1. 90 Lakh Home Loan Bank of Maharashtra Highlights

2. 90 Lakh Home Loan EMI for 5 Years Bank of Maharashtra

3. 90 Lakh Home Loan EMI for 10 Years Bank of Maharashtra

4. 90 Lakh Home Loan EMI for 15 Years Bank of Maharashtra

5. 90 Lakh Home Loan EMI for 20 Years Bank of Maharashtra

6. 90 Lakh Home Loan EMI for 25 Years Bank of Maharashtra

7. 90 Lakh Bank of Maharashtra Home Loan Fees and Charges

8. 90 Lakh Bank of Maharashtra Home Loan Documents Required

9. 90 Lakh Bank of Maharashtra Home Loan Eligibility Criteria

Written By

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.

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.

90 Lakh Home Loan Bank of Maharashtra – Highlights

Here are the Bank of Maharashtra home loan interest rate for 90 lakh and other key parameters:

Interest Rates	8.35% p.a. onwards
Loan Amount	90 lakh or higher, subject to the value of your property
Loan Tenure	30 years or up to 75 years of age, whichever comes earlier
Eligibility	Applicable to Indian residents, NRIs, and PIOs

90 Lakh Home Loan EMI for 5 Years Bank of Maharashtra

Here are the 90 lakh home loan EMI in Bank of Maharashtra with a tenure of 5 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹90 Lakh	8.35% p.a.	5 years	₹1,83,999	₹20,39,940	₹1,10,39,940

90 Lakh Home Loan EMI for 10 Years Bank of Maharashtra

Here are the 90 lakh home loan EMI for 10 years from the Bank of Maharashtra:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹90 Lakh	8.35% p.a.	10 years	₹1,10,866	₹43,03,920	₹1,33,03,920

90 Lakh Home Loan EMI for 15 Years Bank of Maharashtra

Here are the Bank of Maharashtra home loan 90 lakh EMI with a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹90 Lakh	8.35% p.a.	15 years	₹87,837	₹68,10,660	₹1,58,10,660

90 Lakh Home Loan EMI for 20 Years Bank of Maharashtra

Here are the 90 lakh home loan EMI for 20 years from the Bank of Maharashtra:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹90 Lakh	8.35% p.a.	20 years	₹77,252	₹95,40,480	₹1,85,40,480

90 Lakh Home Loan EMI for 25 Years Bank of Maharashtra

Here are the 90 lakh home loan EMI in Bank of Maharashtra with a tenure of 25 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹90 Lakh	8.35% p.a.	25 years	₹71,563	₹1,24,68,900	₹2,14,68,900

90 Lakh Bank of Maharashtra Home Loan – Fees and Charges

Following are the associated fees and charges besides the Bank of Maharashtra home loan interest rate for 90 lakh:

Fee/Charge	Amount
Processing Fee	0.25% of the loan amount
Prepayment charges	Nil
Late payment penalty	2% of the default EMIs
Stamp duty	Applicable

90 Lakh Bank of Maharashtra Home Loan – Documents Required

Below are the pertinent documentation for the Bank of Maharashtra 90 lakh home loan:

KYC Documents	PAN card, election ID card, driving license, aadhar card, or passport.
Residential Documents	Aadhar card, election ID card, electricity bill, telephone landline bill, passport, or driving license.
Income Documents	Last 3 months’ salary slips, 2 years’ IT returns, and 6 months’ bank account statement.
Property Documents	Agreement of sale deed, Payment receipts made for buying a residential unit, permission from the authority to construct a flat/house, etc.

90 Lakh Bank of Maharashtra Home Loan – Eligibility Criteria

The 90 lakh home loan eligibility in Bank of Maharashtra is as follows:

Age Limit	Ages between 21 and 75 years old
Employment Status	Applicable to both salaried and self-employed
Credit Score	Preferably 700 or above
Residential Status	Available to Indian, NRIs, and PIOs

Frequently Asked Questions (FAQs)

What is the EMI for a 90 lakh home loan for 20 years in the Bank of Maharashtra?

For a ₹90 lakh home loan with the Bank of Maharashtra over 20 years, the EMI is ₹77,252, given an annual interest rate of 8.35%.

Who is eligible for a 90 lakh home loan in the Bank of Maharashtra?

The Bank of Maharashtra offers a ₹90 lakh home loan to Indian residents, NRIs, and PIOs, serving a broad spectrum of customers.

What is the monthly interest rate for a 90 lakh home loan in the Bank of Maharashtra?

The monthly interest rate for a ₹90 lakh home loan from the Bank of Maharashtra is estimated to begin at around 0.67%.

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