5 Crore Bank of India Home Loan

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Many individuals and families dream of owning a spacious, well-located, and beautifully designed home. However, the costs can be daunting, and a substantial loan is often necessary to bridge the gap between savings and the total price. This is where the Bank of India’s 5 crore home loan comes as a game-changer, featuring lower interest rates, hassle-free application processes, transparent processing, and quick loan approval. To bring your new home into reality as soon as possible, Urban Money provides a detailed overview of this remarkable credit option. We primarily detail the expected 5 crore Home Loan EMI in the Bank of India, applicable interest rates, eligibility criteria, required documents, and associated fees. Let’s scroll down for more detailed information.

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5 Crore Bank Of India Home Loan EMI Calculator

Loan Amount

₹

5 Lac
20 Cr

Loan Tenure

Years

Rate Of Interest

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹5,00,00,000

Interest Payable

Total Amount Payable

Table of Content

1. 5 Crore Home Loan Bank of India Highlights

2. 5 Crore Home Loan EMI for 5 Years Bank of India

3. 5 Crore Home Loan EMI for 10 Years Bank of India

4. 5 Crore Home Loan EMI for 15 Years Bank of India

5. 5 Crore Home Loan EMI for 20 Years Bank of India

6. 5 Crore Home Loan EMI for 25 Years Bank of India

7. 5 Crore Bank of India Home Loan Fees and Charges

8. 5 Crore Bank of India Home Loan Documents Required

9. 5 Crore Bank of India 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.

Last Updated: 6th January 2025

5 Crore Home Loan Bank of India – Highlights

Following are the Bank of India’s home loan interest rate for 5 crore and other key parameters:

Interest Rates	8.35% per annum onwards
Loan Amount	75% – 95% of the property value
Loan Tenure	30 years, subject to the age of 70
Eligibility	Both salaried and self-employed individuals

5 Crore Home Loan EMI for 5 Years Bank of India

Let’s examine the 5 crore home loan EMI in Bank of India with a tenure of 5 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 Crores	8.35% p.a.	5 years	₹10,22,216	₹1,13,32,960	₹6,13,32,960

5 Crore Home Loan EMI for 10 Years Bank of India

Have a close look at the 5 crore home loan EMI for 10 years from the Bank of India:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 Crores	8.35% p.a.	10 years	₹6,15,924	₹2,39,10,880	₹7,39,10,880

5 Crore Home Loan EMI for 15 Years Bank of India

The Bank of India’s home loan 5 crore EMI rates and amount for a tenure of 15 years are given below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 Crores	8.35% p.a.	15 years	₹4,87,983	₹3,78,36,940	₹8,78,36,940

5 Crore Home Loan EMI for 20 Years Bank of India

Below are the rates for a 5 crore home loan EMI for 20 years from the Bank of India:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 Crores	8.35% p.a.	20 years	₹4,29,176	₹5,30,02,240	₹10,30,02,240

5 Crore Home Loan EMI for 25 Years Bank of India

The rates and amount for a 5 crore home loan EMI in the Bank of India for a tenure of 25 years are as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 Crores	8.35% p.a.	25 years	₹3,97,572	₹6,92,71,600	₹11,92,71,600

5 Crore Bank of India Home Loan – Fees and Charges

Besides the Bank of India’s home loan interest rate of 5 Crores, there are certain fees and charges you must review:

Fee/Charge	Amount
Processing Fee	0.25% of the loan amount
Foreclosure Charges	0.65% – 2.25% of the outstanding loan amount
Late Payment charges	Applicable
Stamp Duty & Other Statutory Charges	As per the state law

5 Crore Bank of India Home Loan – Documents Required

Following are the expected documents for the Bank of India’s 5 crore home loan:

Identity Proof	Aadhar card, PAN card, Voter ID, Driving Licence, or Passport.
Address Proof	Utility bills, Aadhar card, Passport, or Driving Licence.
Salary Proof	Latest 6-month salary slip or 1-year ITR/Form16.
Business Proof	Last 3-year ITR, profit & loss account, balance sheet, and capital account statement. (Applicable to non-salaried individuals)

5 Crore Bank of India Home Loan – Eligibility Criteria

Below are the expected 5 crores home loan eligibility in Bank of India:

Age Requirement	18 – 70 years old
Income Limit	Sufficient to cover the loan EMI
Credit Score	Preferably 700 or above
Employment Criteria	Salaried/Self-employed/Professionals
Residential Status	Indians, NRIs, or PIOsk

Frequently Asked Questions (FAQs)

What is the EMI for a 5 crore home loan for 20 years in the Bank of India?

₹4,29,176 is the estimated EMI for a 5 crore home loan over 20 years at the Bank of India, subject to an annual interest rate of 8.35%.

Who is eligible for a 5 crore home loan in the Bank of India?

Both salaried and self-employed individuals are eligible for a 5 crore home loan at the Bank of India.

What is the monthly interest rate of a 5 crore home loan in Bank of India?

The monthly interest rate for a 5 crore home loan in the Bank of India starts at 0.70%.

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