Bank of India Home Loan | Interest Rates | Documents | EMI Calculator

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 10.20% to 10.45% P.A.

Bank of India Provides Housing loan for various purposes and attractive Home loan rates.

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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 20 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.
  • Prepayment of Loan permitted.
  • 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.
  • Free Personal Accident Insurance cover
  • Life Insurance Cover to borrowers for Loan Protection(optional)

Eligibility Criteria for Bank of India Home Loan

Salaried employees , Professionals like Doctors Lawyers, Engineers , Chartered Accountants, Self –employed persons. Group of Individuals , NRIs, PIOs, HUF, Prop. Firm. Partnership Firm and Corporates(for purchase/construction of houses/flats for their employees).

Latest Interest Rates of Bank of India Home Loans:- Last Updated on 02 April 2015

Tenure Term

Interest Rate

Loan Up to 30 lacs


30 lacs to 75 Lacs


Loans Above 75 Lacs


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


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

Processing Fees:

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

Available Products of Bank of India:

Source: Bank of India Website

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