Bank of India (BOI) Home Loan
Bank of India (BOI) Home Loan
Bank of India (BOI) Home Loan
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Bank of India (BOI) Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Bank of India (BOI) Home Loan Key Highlights
Loan Amount Up to Rs. 5 crore
Rate of Interest 8.45% p.a. onwards
Processing Fee Up to 0.25% for individual applicants (Rs. 1,500
minimum; Rs. 20,000 - maximum)
Maximum Tenure for Repayment 30 years
Rate Packages Fixed/Floating Both
Charges for Prepayment/Foreclosure N/A
Bank of India (BOI) Home Loan Interest Rates in 2026
The rate of interest that the bank offers for its home loan applicants differs for all its top home plan schemes. Listed below are the exact Bank of India home loan interest rates for the different home loan plans devised by the bank:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| BOI Star Smart Home Loan | 8.45% - 9.65% p.a. |
| BOI Star Home Loan | Starting at 8.45% p.a. |
| BOI Star Loan Against Property | 11.25% p.a. onwards |
| BOI Star Diamond Home Loan | 8.45% - 9.65% p.a |
| Star Pravasi Home Loan | 8.45% - 9.65% |
| Pradhan Mantri Awas Yojana | Starting at 10.25% p.a. |
Bank of India (BOI) Home Loan Eligibility Criteria
Only the below-listed home loan applicants are eligible for housing finance from the bank. Please note the Bank of India home loan eligibility criteria:
For Salaried Individuals
Age Range (in years)
18 to 70 years
Nationality
Indians/PIOs/NRIs
Minimum Income Earned
For Self-Employed Individuals
Age Range (in years)
18 to 70 years
Nationality
Indians/PIOs/NRIs
Minimum Income Earned
Bank of India (BOI) Home Loan Processing Fee and Charges
To facilitate easy processing of all home loan applications, the Bank of India levies on its customers a certain processing fee and some extra charges as part of the process. The table below outlines the Bank of India home loan processing fee and additional charges as levied by the bank on all home loan applicants:
| Processing Fee | Up to 0.25% of the loan amount for individuals or Rs. 1,500 (minimum) and Rs. 20,000 (maximum) |
| RBLR Rates | 9.25% p.a. |
| Foreclosure/Prepayment Charges | Floating-rate packages - Nil Fixed-rate packages: 0.65% - 2.25% of the outstanding loan amount |
| Penal Interest Rate | N/A |
Bank of India (BOI) Home Loan Schemes and Top Plans
Bank of India offers its customers four primary types of housing finances schemes and loan types to suit varied needs. Listed below are the four key home loan plans offered by BOI and their prime features for your easy reference:
- Loan can be availed for up to Rs. 5 crore
- Competitive rates of interest starting at 8.45% p.a.
- Loan available only to resident applicants from cities like Hyderabad, Bangalore, New Delhi, Pune, and Chennai
- Processing fee levied only a single time, i.e., Rs. 50,000 or the maximum under Star Home Loan Scheme, whichever is higher
- Home loan facilities are available for corporates and firms as well, with a gross annual income of Rs. 1 crore
- Loan facility for Persons of Indian Origin (PIOs) and Non-Resident Indians (NRIs) who have a valid Indian passport
- Rate of interest on home loan ranges between 8.45% and 9.65% p.a.
- Maximum loan repayment tenure for up to 30 years
- Maximum loan amount that can be availed for construction or purchase of a residential property - up to Rs. 5 crore
- Complimentary insurance coverage for personal accident
- Rate of interest starts at 8.45% p.a.
- Women loan applicants can avail home loans at discounted rates of interest with a 0.5% concession
- Maximum loan amount available - up to Rs. 3 crore
- Loan facility available for customers of current deposit accounts or existing savings accounts with BOI
- Rate of interest range: 8.45% - 9.65% p.a.
- Minimum home loan amount offered to salaried applicants - Rs. 5 lakh
- Minimum loan amount offered to other applicants - Rs. 10 lakh
- New customers of the bank who open a current deposit/savings account with BOI are also eligible to apply for home loans
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Bank of India, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Bank of India (BOI) Home Loan
To initiate your home loan application with the Bank of India, you would need to submit a defined set of documents along with your duly-filled out application form. To simplify your task, below is the complete list of Bank of India home loan documents required from the applicants.
| Proof of Income |
|
| Other Required Documents |
|
| Proof of Income |
|
| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
|
Apply Home Loan Through BASIC Home Loan
To apply for a Bank of India home loan, all you need to do is follow the simple procedure given below:
Apply Now on the BASIC Website
Proceed to the 'APPLY NOW' section on the BASIC Home Loan website.
Enter Your Details and Submit
Fill in the form by entering your name, contact number, and other required details, and submit the form.
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A BASIC Home Loan team representative will connect with you shortly to assist you through the entire home loan application process.
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