Bank of India Home Loan 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 8.10%.

Bank of India Home Loan Details

Interest rates 8.10% – 8.40%
Lowest EMI Rs.741 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 28 May 2020

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

Loan Amount

Annual Income


120,17,256 loan quotes taken till now.
Home loan Interest rates starts from 7.90% for women, 7.95% 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

  • Star Home Loan/Star Smart Interest Rates are 8.10% – 8.40%
  • Home Loan/Star Pravasi Home – Interest Rates are 8.10% – 8.40%
  • Loan /Star Diamond Home Loan – Interest Rates are 8.10% – 8.40%
  • PRADHAN MANTRI AWAS YOJANA – Interest Rates are 8.10%


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


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

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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Top Banks for Home Loans in India
Banks Interest Rates
SBI Home Loan 7.35% - 7.70%
HDFC Ltd Home Loan 7.85% - 8.25%
ICICI Bank Home Loan 8.10% - 8.55%
LIC Housing Home Loan 7.50% - 8.50%
DHFL Home Loan 9.75%
Axis Bank Home Loan 8.10% - 8.65%
Bank of Baroda Home Loan 7.25% - 8.25%
Canara Bank Home Loan 7.35% - 7.80%
Aadhar Home loan N.A