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Bharat Co-operative Bank (Mumbai) Ltd., a multi-state scheduled cooperative bank founded in 1978, provides home loans for purchase, construction, repair, or extension of residential properties across Maharashtra, Gujarat, Karnataka, and Goa. As of October 2025, Bharat Bank home loan interest rate starts at 8.50% p.a. for salaried women with CIBIL 750+ and rises to 9.50% p.a. for standard self-employed cases, with loan amounts up to ₹5 crore and tenures up to 25 years. The bank offers up to 90% financing for properties under ₹75 lakh, requires a 10% margin, and processes applications through 100+ branches with approvals in 7-12 working days. Salaried applicants need one year of service, while self-employed require two years of ITR filing.
|
Feature |
Details |
|
Interest Rate |
Starts at 8.50% p.a. (women, CIBIL 750+); up to 9.50% p.a. |
|
Processing Fee |
0.50%-1% of loan amount + GST (0.50% for CIBIL 750+) |
|
Loan Amount |
Up to ₹5 crore (90% of property value under ₹75 lakh) |
|
Repayment Tenure |
Up to 25 years (300 months) |
|
Applicant Age |
21 to 70 years (at loan maturity) |
|
Approval & Disbursal Time |
7–12 working days after document submission |
|
Prepayment Charges |
Nil for floating rate loans (individuals) |
|
Eligibility (Salaried) |
Minimum 1 year in current job; ₹25,000+ monthly income |
|
Eligibility (Self-Employed) |
Minimum 2 years ITR filing; ₹4 lakh+ annual turnover |
Bharat Bank home loan interest rate is benchmarked to its internal MCLR (currently 8.80%) with spreads based on CIBIL, gender, and income stability. Women borrowers get a 0.25% concession across categories. Rates apply to new purchases, construction, and top-ups with 10% margin and no hidden charges.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried Women (CIBIL ≥750) |
8.50% |
8.75% |
High CIBIL, stable salary, co-op member status |
|
Salaried Men (CIBIL ≥750) |
8.75% |
9.00% |
Job tenure, employer category |
|
Self-Employed Women |
8.75% |
9.25% |
2+ years ITR, business vintage |
|
Self-Employed Men |
9.00% |
9.50% |
Cash flow, audited financials |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Bharat Bank |
8.50% |
0.50%-1% |
25 years |
|
State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
|
HDFC Bank |
8.15% |
0.5%–1% |
30 years |
|
ICICI Bank |
8.75% |
0.5%–1% |
30 years |
For a ₹50 lakh loan over 20 years at 8.50%, EMI is ₹41,200—₹2,900 higher than SBI's 7.50%, but 0.50% processing fee saves ₹20,000 upfront vs. HDFC.
Bharat Bank home loan calculator is available at bharatbank.com/emi-calculator. Enter loan amount, interest rate (8.50%-9.50%), and tenure to view monthly EMI, total interest, and amortization schedule instantly.
Example Calculation
Loan Amount: ₹50 lakh
Interest Rate: 8.50% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
₹41,200 |
₹48.88 lakh |
₹98.88 lakh |
Reduce to 15 years: EMI ₹45,800, saves ₹13 lakh interest.
|
Charge Type |
Amount |
|
Processing Fee |
0.50%-1% + GST |
|
Legal & Valuation Fee |
₹3,000–₹6,000 |
|
CERSAI Registration |
₹500 |
|
Stamp Duty (MODT) |
0.2%-0.5% (state-specific) |
|
Prepayment (Floating Rate) |
Nil |
GST at 18%. Total charges below 1.5% for most applicants.
● Age: 21–70 years
● Minimum ₹25,000 monthly net income
● 1 year in current job
● CIBIL: 700+ (750+ for best rate)
● Age: 25–70 years
● 2 years business
● Annual turnover: ₹4 lakh+
● ITR filed for 2 years
Up to 90% LTV for properties under ₹75 lakh.
|
Service |
Contact Details |
|
Toll-Free Helpline |
1800 123 2020 |
|
Customer Care (Mumbai) |
022-6189 0000 |
|
|
customercare@bharatbank.com |
|
Branch Hours |
10 AM–5 PM (Mon-Sat) |
Visit bharatbank.com/loan-status, enter application reference number and mobile OTP to track stages: Submitted, Under Process, Sanctioned, Disbursed. Alternatively, call 1800 123 2020 or visit branch with reference ID. SMS updates sent on registered mobile.
Salaried applicants need ₹25,000+ monthly net income; self-employed require ₹4 lakh+ annual turnover via ITR. Debt-to-income ratio capped at 50% ensures EMI affordability up to ₹5 crore. Co-applicants (spouse/parents) increase eligibility significantly.
Yes, NRIs qualify with 2+ years overseas employment, valid work permit, and salary proof. Rates start at 9.00% p.a. with 75% LTV; power of attorney required for execution. Contact NRI desk at head office for streamlined process.
Yes, PMAY-linked loans for EWS/LIG/MIG offer 6.50% interest subsidy on loans up to ₹12 lakh (property ≤₹45 lakh). Eligibility: Income <₹18 lakh/year; apply at branch with Aadhaar. Subsidy credited directly, reducing effective rate to ~2%.
Transfer existing loans to Bharat Bank at 8.50%-9.50%, saving 0.50%-1% vs. private banks. Submit 12-month statements, NOC; processing fee 0.50%. Top-up up to 30% of original loan available without new valuation.
With urban property prices up 8-10% in 2025 across Maharashtra and Gujarat, Bharat Bank home loan interest rate calculator processing fee requirements application process customer care status delivers cooperative banking efficiency with competitive rates and women-focused benefits. Ideal for ₹50 lakh to ₹5 crore financing in tier
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