Get Details on Bank of India Diamond Home Loan with Fixed Interest Rates starts from 6.85%, Lowest EMI and Check your Eligibility with Bank of India.
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Details on Diamond Home Loan of Bank of India (BOI)
|1||Eligible customers||High Net worth Individuals, Firms/ Corporate for residential accommodation of their partners/directors, having minimum average gross income of Rs.1crore and above during the last 3 years , as per audited balance sheet /IT Returns.|
|2||Eligible Quantum of Loan||Over Rs. 5 crore|
|3.||Geographical Location of the properties/ house/flat to be financed||Metros and Major cities only, i.e. Mumbai/New Delhi & Delhi NCR/Chennai/Kolkata/Bangalore/Ahmedabad/Hyderabad/Pune|
|4||Margin||20% on pure Value of Property – i.e on cost of construction /acquisition /renovation /extension etc.,( No other costs such as stamp duty, registration charges, taxes,charges etc., to be added to the cost of property while calculating margin).|
Take home pay /DSCR
|For Individuals : 25% of the Gross Income ;
For Firms/Corporate : DSCR -1.5
|6||Entry Level Norms||For individuals : As per Home Loan Model
For Firm/Corporate : As per applicable SBS/MS/LC Model
Home Loan Interest Rates
||6.85% – 7.75%|
|All inclusive one time processing charge of Rs.50,000 or maximum as per Star Home Loan Scheme, whichever is higher .
No other charges will be applicable except actual out of pocket expenses.
|All other norms||As per Star Home Loan Scheme .|