Bank of India Home Loan Interest Rates 2018 – EMI Calculator online

Bank of India Home Loan: BOI Home Loans, Eligibility, Processing Fee, Interest Rates 2018, Documents Required Bank of India Housing loan. Current Interest Rates starts from 8.70%.

Bank of India Home Loan Details

Interest rates 8.70% – 8.75%
Lowest EMI Rs.783 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 16 December 2018

Compare & Get Instant Home Loan Quotes Online & your CIBIL score absolutely FREE.

Loan Amount
Occupation

Annual Income

City

54,02,013 loan quotes taken till now.
  • 54 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published @ yourstory.com
  • As RBI cuts rate, should you go for fixed home loan Deal4loans views Published @ Economic Times online.


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 2018

  • Star Home Loan/Star Smart Interest Rates are 8.70% – 8.75%
  • Home Loan/Star Pravasi Home – Interest Rates are 8.70% – 8.75%
  • Loan /Star Diamond Home Loan – Interest Rates are 8.70% – 8.75%
  • PRADHAN MANTRI AWAS YOJANA – Interest Rates are 8.55%

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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