4 Crore Bank of India Home Loan

₹4 Crore Home Loan Bank of India – Highlights

Here are Bank of India home loan interest rates for ₹4 Crore, along with highlights:

Feature	Details
Interest Rate	8.40 % p.a. to 10.80% p.a.
Available for	Salaried, Self-Employed and Professionals
Prepayment Fees	NIL
Availability for NRIs	Yes

₹4 Crore Home Loan EMI for 5 Years Bank of India 

Bank of India housing loan EMI for ₹4 Crore is:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹4 Crores	8.80% p.a.	5 years	₹8,26,457	₹95,87,416	₹4,95,87,416

₹4 Crore Home Loan EMI for 10 Years Bank of India 

Here is the ₹4 Crore home loan EMI for 10 years Bank of India:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹4 Crores	8.80% p.a.	10 years	₹5,02,384	₹2,02,86,041	₹6,02,86,041

₹4 Crore Home Loan EMI for 15 Years Bank of India

For an amount of ₹4 Crore, the EMI for 15 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹4 Crores	8.80% p.a.	15 years	₹4,00,961	₹3,21,73,057	₹7,21,73,057

₹4 Crore Home Loan EMI for 20 Years Bank of India

₹4 Crore home loan EMI for 20 years Bank of India is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹4 Crores	8.80% p.a.	20 years	₹3,54,761	₹4,51,42,746	₹8,51,42,746

₹4 Crore Home Loan EMI for 25 Years Bank of India 

Bank of India home loan of ₹4 Crore EMI for 25 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹4 Crores	8.80% p.a.	25 years	₹3,30,217	₹5,90,65,208	₹9,90,65,208

₹4 Crore Bank of India Home Loan – Fees and Charges 

Here are the Bank of India home loan interest rates for ₹4 Crore:

CIBIL Score Range	Interest Rate (Per Annum)
825 and above	8.40%
800 to 824	8.50%
760 to 799	8.70%
725 to 759	8.80%
675 to 724	9.55%
Below 675 (Salaried)	10.65%
Below 675 (Non-Salaried)	10.80%

The processing charges for individuals are 0.25% of the loan amount, with a minimum fee of ₹2,500 and a maximum of ₹20,000. For firms and corporates, the processing fee is set at 0.50% of the loan amount, with the minimum charge being ₹5,000 and the maximum ₹40,000. Builder tie-up projects incur a processing charge of 0.15% of the loan amount, capped at ₹10,000. The Star Diamond Home Loan has a fixed processing fee of ₹50,000, regardless of the loan amount.

Some additional charges are as follows:

• Prepayment Charges: No prepayment penalty for any borrower.
• Balance Transfer Charges: Additional BSD of 0.10%, with a minimum ROI of 8.40%.
• Top-Up Loan Charges: Applicable in the respective home loan account with a premium of 0.50% over the existing interest rate.

₹4 Crore Bank of India Home Loan – Documents Required

To apply for a ₹4 Crore home loan with the Bank of India, the applicant must provide the following documents:

Personal Identification

Proof of Identity (Submit any one):

PAN Card	Passport
Driver’s Licence	Voter ID

Passport	Aadhar Card	Driver’s Licence
Latest Electricity Bill	Latest Telephone Bill	Latest Piped Gas Bill

Income Verification

Latest 6 Months Salary Slips

Income Tax Return (ITR) for the last financial year or Form 16

For Self-Employed Individuals:

Income Tax Returns (ITR) for the last 3 years with Income Computation	Profit & Loss Account
Balance Sheet	Capital Account Statement

Non-Individual Applicants (Firms, Corporates, etc.)

KYC Documents for Partners/Directors:

PAN Card

Aadhar Card

Passport

Company/Firm Documentation:

PAN Card of the Company/Firm	Registered Partnership Deed (for Partnership Firms)
Memorandum of Association (MOA) and Articles of Association (AOA) (for Companies)	Certificate of Incorporation (if applicable)

Financial Records:

Bank Account Statement for the last 12 months

Audited Financial Statements for the previous 3 years

Property and Additional Documents

Property Documents:

• The Agreement to Sell must be provided, detailing the agreed-upon terms between the buyer and seller.
• A Sale Deed is required. It is the legal document that transfers ownership of the property from the seller to the buyer.
• A copy of the Approved Building Plan must be submitted to verify that the construction complies with legal and municipal guidelines.
• Receipts of Payments made to the Builder or Seller should be included to demonstrate the financial transactions completed for the property purchase.
• The Title Deed or Conveyance Deed is essential, as it legally establishes the ownership of the property.

Other Documents

• A fully Completed and Signed Application Form is necessary to formally apply for the loan.
• Passport-size Photographs of both the applicant and co-applicant should be provided for identification purposes.
• A Cheque for the Processing Fee must be submitted to cover the administrative costs associated with the loan application.
• For salaried individuals, Proof of Employment Continuity is needed to demonstrate job stability.
• Self-employed individuals should provide Proof of Business Continuity to show that their business has been operational for a sufficient period.
• The Latest Form 26AS must reflect the applicant’s tax credits and deductions for the financial year.

₹4 Crore Bank of India Home Loan – Eligibility Criteria

Bank of India offers home loans to applicants with a cibil score of 675 and more. Some other factors determine the eligibility of a candidate as well. The following are the criteria for  ₹4 Crore home loan eligibility at Bank of India:

Age Criteria

Criteria	Details
Minimum Age	Eighteen years at the time of loan application.
Maximum Age	Seventy years at the time of final repayment.

Employment

Criteria	Details
Employment Type	Salaried employment, self-employment, or professional practice.
Employment Tenure	Minimum 2-3 years of continuous employment or business continuity.
Co-Applicant Eligibility	Immediate family members (spouse, parents, children) can be co-applicants to enhance eligibility.

Income

Criteria	Details
Income Source	Stable income from employment, self-employment, or professional practice.
Loan Amount	Determined based on income, repayment capacity, and property value.