Bank of India home loan interest rate starts from 6.85% p.a. onwards, with loan tenures of up to 30 years. The Bank of India housing loan can be availed for a maximum loan amount of up to Rs.5 crore. The processing charges levied by the Bank of Baroda on home loans starts from 0.25% of the loan amount. You can avail the Bank of India home loan to purchase or construct a house/flat or for the purpose of renovation/extend/repair your house/flat. The bank also offers takeover of home loan from other banks or financial institutions.
Bank of India Home Loan Details :
Bank of India offers several home loans at affordable interest rates. They are easy to apply for and can be customised to your requirements. Here is a quick glance at salient features of BOI home loan schemes:
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RBLR Rates 6.85% p.a.
Loan Amount Minimum: NA, Maximum: Rs.5 crore
Processing Fees Up to 0.25% for Individuals (Min. Rs.1,500; Max. Rs.20,000)
Penal Interest Rate Not available
Prepayment/Foreclosure Charges Nil for floating-rate packages
0.65% to 2.25% of loan balance for fixed-rate packages
Max Tenure 30 Years
Rate Packages Available Floating/Fixed
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Bank of India Home Loan Details :
Bank of India offers several home loans at affordable interest rates. They are easy to apply for and can be customised to your requirements. Here is a quick glance at salient features of BOI home loan schemes:
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RBLR Rates 6.85% p.a.
Loan Amount Minimum: NA, Maximum: Rs.5 crore
Processing Fees Up to 0.25% for Individuals (Min. Rs.1,500; Max. Rs.20,000)
Penal Interest Rate Not available
Prepayment/Foreclosure Charges Nil for floating-rate packages
0.65% to 2.25% of loan balance for fixed-rate packages
Max Tenure 30 Years
Rate Packages Available Floating/Fixed
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आरबीएलआर दरें 6.85% प्रति वर्ष
ऋण राशि न्यूनतम: लागू नहीं, अधिकतम: रु.5 करोड़
व्यक्तियों के लिए 0.25% तक प्रसंस्करण शुल्क (न्यूनतम रु. 1,500; अधिकतम रु. 20,000)
दंडात्मक ब्याज दर उपलब्ध नहीं है
फ्लोटिंग-रेट पैकेज के लिए पूर्व भुगतान / फोरक्लोज़र शुल्क शून्य
फिक्स्ड रेट पैकेज के लिए लोन बैलेंस का 0.65% से 2.25%
अधिकतम कार्यकाल 30 वर्ष
रेट पैकेज उपलब्ध फ्लोटिंग / फिक्स्ड
******************************************BOI housing loan interest rates are linked to the Repo Based Lending Rate (RBLR) as well as the individual’s CIBIL score. The RBLR currently stands at 8.00%. If your credit score is low, you may have to pay higher interest rates. There is no concession for women borrowes in the 760+ CIBIL score category. However, for CIBIL scores below 760, women borrowers are given a concession of 0.05%.
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BOI Home Loan Scheme Interest Rate
BOI Star Home Loan 6.85% p.a. - 7.75% p.a.
BOI Star Diamond Home Loan 6.85% p.a. - 7.75% p.a.
BOI Star Smart Home Loan 6.85% p.a. - 7.75% p.a.
Star Pravasi Home Loan 6.90% to 6.95% p.a.
Pradhan Mantri Awas Yojana 6.85% p.a.
BOI Star Loan Against Property 8.85% p.a. onwards
Bank of India Home Loan Schemes
Bank of India (BOI) offers housing loans with attractive features and benefits with interest rate starting from 6.85% p.a. Loan tenures of up to 30 years, easy repayment options, and low processing fees starting from 0.25% of the loan amount, are features that make their home loans affordable. BOI home loans are also known for simplified application process, excellent customer service, and fast approvals.
The four main housing loans offered by Bank of India are BOI Star Home Loan, Star Diamond Home Loan, BOI Star Smart Home Loan, and Star Pravasi Home Loan. From time to time, the bank offers discounts on home loan interest rates and processing fees during the festive season.
BOI Star Home Loan
Interest Rate: 6.85% to 7.75% p.a.
Processing Fees: 0.25% of the loan amount (Min. Rs.1,500; Max. Rs.20,000) and 0.50% of the loan amount (Min. Rs.3,000; Max. Rs.40,000)
Free personal accident insurance cover.
Housing loans up to Rs.3 crore available for applicants of selected cities.
0.5% concession on interest rates for women borrowers.
*BOI charges 75% of the processing fees charged for individual applicants for rural applicants.