Duly filled in application form along with 3 recent passports sized photographs
Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
Identity Card of Employer
Proof of Income: Recent 3 months salary slip or Salary Certificate from the currently employed organization.
For Business Owners/ Self-Employed Persons: IT Returns, Profit & Loss Account, Audited Balance Sheets, Assessment orders, advance tax challans (for both company as well as firm and personal account) for the previous three years.
Copies of documents related to the property that has been finalized for purchase
Get loans at competitive interest rates
The borrowers can avail different equated monthly instalment amounts for different periods during the period of the loan to suit the customer’s repayment capacity
Interest on loan amount is calculated on a daily balance basis
Simplified application form for the convenience of customers as well as for speedy approval
Get Life Insurance Cover for loan protection
The applicant should be any one of the following to secure the home loan from Bank of India – Salaried Individual, Self-employed personal, professionals, Non-Resident Indians, Hindu Undivided Family, Proprietor Firm, Persons of Indian Origin, Partnership firms and Corporate
The minimum age of the applicant should be 21 years
The applicant should have a regular source of income to secure the home loan in Bank of India
Prepayment of the loan amount is permitted.
No prepayment charges will be levied under floating interest rate option
Free Personal Accident Insurance Cover is provided
The maximum tenure of the loan is spread over 30 years