Home  »  Banking  »  Loans  »  Home Loan  »  Bank of India Home Loan

Bank of India Home Loan

Loan Name Interest Rate Processing Fee Loan Amount Tenure
BOI Star Home Loan 8.70% -9.60% ₹1,000 to ₹20,000 50 crores (maximum) 30 Years
Documents Required

  • 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
Other Details

  • 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
  • Get moratorium period, a maximum of 36 months


More Headlines

Get Latest News alerts from Goodreturns

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more