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 Provides Housing loan for various purposes and attractive Home loan rates.

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

Loan Amount

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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 01 August 2015

Tenure Term

Interest Rate

Loan Up to 75 lacs

9.95%

Loans Above 75 Lacs

10.20%

You Can Calculate Your Bank of India Home Loan EMI with this Calculator: Just Enter your Loan Amount, Interest Rates and Loan Period/Tenure:


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

MARGIN: 

  • UPTO RS.20 LACS – 15%
  • >RS.25-RS.75 LACS-20%
  • >RS.75 LACS – 25%
  • ALL ON PURE COST

Processing charges: @0.25% of loan amount Min.Rs.1, 000 and Max. Rs.20,000/-


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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