Bank of India Home Loan @ 6.85% Interest Rates 2020 – EMI Calculator online

Bank of India Home Loan: BOI Home Loans, Eligibility, Processing Fee, Interest Rates 2020, Documents Required Bank of India Housing loan. Current Interest Rates starts from 6.85%.

Bank of India Home Loan Details

Interest rates 6.85% – 7.75%
Lowest EMI Rs.655 per lac
Processing fees @0.25% of loan amount Min.Rs.1,000/- and
Max. Rs.20,000/-
Prepayment charges Nil
Repayment options Upto 30 years
Loan approval time 8 Days
Maximum Finance Upto 85%
Min. Income 1.2 Lac Annual

Home Loan applications received for rupees ₹ 419,027 crores till 20 October 2020

Apply for Home Loan & Check your CIBIL score absolutely FREE.

Loan Amount
Occupation

Annual Income

City

120,17,256 loan quotes taken till now.
Home loan Interest rates starts from 6.90% for women, 6.95% for Others.


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

Bank of India Home Loan Rates 2020

  Salaried Self Employed
CIBIL Score abv 760 6.85% 6.85%
CIBIL Score 725 – 759 7.00% – 7.05% 7.10% – 7.15%
CIBIL Score 675 – 724 7.10% – 7.15% 7.70% – 7.75%
CIBIL Score -1 and 0 7.00% – 7.05% 7.10% – 7.15%
     
Home Loan for Not Linked to CIBIL Score For Women (Star Pravasi) =

6.90%

For Others (Stra Pravasi / Corporates) = 6.95%

 

  • PRADHAN MANTRI AWAS YOJANA – Interest Rates are 6.85%
  • home-loan-interest-rates-compare-deal4loans

    Bank of India Home Loan EMI Calculator

    Enter your required loan amount, Interest Rates & No. of repayment years and click calculate answer in front of you within seconds with the help of 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

    MARGIN: 

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

    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

    Apply Here
    I authorize Deal4loans.com & its partnering banks to contact me to explain the product & I Agree to Privacy policy and Terms and Conditions.
    Top Banks for Home Loans in India
    Banks Interest Rates
    SBI Home Loan 6.95% - 7.45%
    HDFC Ltd Home Loan 6.95% - 7.50%
    ICICI Bank Home Loan 6.95% - 8.05%
    LIC Housing Home Loan 6.90% - 7.30%
    DHFL Home Loan 9.75%
    Axis Bank Home Loan 7.75% - 8.40%
    Bank of Baroda Home Loan 6.85% - 7.85%
    Canara Bank Home Loan 7.35% - 7.80%
    Aadhar Home loan N.A