Bank of India Home Loan – Interest Rates, EMI Calculator online

Bank of India Home Loan:  BOI Home Loans, Eligibility, Processing Fee, Interest rates, Documents Required Bank of India Housing loan. Current Interest Rates starts from 9.95% to 10.20% P.A.

Bank of India Home Loan Details

Interest rates 9.70%
Lowest EMI Rs.855 per lac
Processing fees Nil under Festive Offer till 31.12.2015
Prepayment charges Nil
Repayment options Upto 30 years
Loan approval time 1.5 week
Maximum Finance Upto 85%
Min. Income 1.2 Lac Annual

Get instant Quotes on Home Loan Rates, EMI & Eligibility by Top 10 Banks

Loan Amount


Annual income

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The Salient features & Benefits & Why to choose Bank of India Home Loan Schemes:

✓ To purchase/construct house/flat/renovate/extend/repair existing house/flat.
✓ Maximum loan amount is Rs.3 crores and repayment ranges upto 30 years, with reasonable processing charges. No commitment /administrative charges.
✓ Attractive home loan interest rates according to Available in Industry.
✓ Option for different EMI amounts for different periods during tenure of loan to suit customers repayment capacity.
✓ No prepayment charges under floating rate option
✓ Interest is calculated on daily balance basis which is of great advantage to customer as it results in lower interest amount.
✓ Simplified application form/procedures for convenience of customers, and speedy approvals.
✓ Life Insurance Cover to borrowers for Loan Protection(optional)
✓ Free Personal Accident Insurance cover (Renewed at banks discretion)

Eligibility Criteria for Bank of India Home Loan

Salaried employees, Professionals, Self-employed persons. Requests are also considered from NRIs, PIOs, HUF, and Prop. Firm, Partnership firms and corporate

Latest Interest Rates of Bank of India Home Loans:- Last Updated on 14 November 2015

Tenure Term

Interest Rate

Loan Up to 75 lacs


Loans Above 75 Lacs


Bank of India Home Loan EMI Calculator

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount


  • UPTO RS.20 LACS – 15%
  • >RS.25-RS.75 LACS-20%
  • >RS.75 LACS – 25%

Processing charges: PROCESSING CHARGES WAIVED FROM 11.09.2015 TO 31.12.2015

Prepayment Charges: NIL

Other Attractive Features

✓ Interest on Daily Reducing Balance Basis
✓ No Pre-Payment Charges on Floating Rate Loans
✓ Facility for step up/ step down EMIs
✓ Inclusion of notional rental income in case of 2nd House and also Employees staying in Staff Quarters;
✓ Inclusion of Income of Close relatives for enhanced loan
✓ Tax Benefit on Interest and Installments repaid in Home Loans
✓ Facility for 100% loan irrespective of stage of construction OR Bridge Loan subject to conditions:

Available Products of Bank of India:

Source: Bank of India Website

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