Bank of India Loan against Property Interest Rates 2019- EMI Calculator

Bank of India Loan Against Property: Get instant Quotes for Bank of India Loan Against Property Interest Rates 2018, Documents, EMI, Eligibility at Deal4loans.com
 

Bank of India Loan against property details

Interest Rates 10.30% – 10.80%
Loan Amount 3 Lakh – 10 Crore
Repayment Period Upto 12 Years
Processing Fees 5000/ – 50000/-
Pre Payment Charges Nil
Minimum Income 12000 Per Month

 
Eligibility
 
People engaged in trade, commerce and business, professionals, self-employed, individuals with high net worth, salaried people, proprietary firms, Partnership firms, Companies (Pvt. /Public Ltd.,) HUFs (excluding partnership firms where HUF is a partner), Societies, Staff members, NRIs- subject to compliance of Bank’s/RBI guidelines.
 

Get Free Instant Quotes on Rates, EMI & Eligibility on Loan Against Property

Professional Details

Get Free Instant Quotes on Rates, EMI & Eligibility on Loan Against Property

Loan Amount

Occupation

Net Salary/Income (Yearly/ITR):

City


 
ADVANCES TO INDIVIDUALS : MAXIMUM AGE LIMIT :
Individuals in permanent service max. 60 years.
For Proprietary concerns/Self Employed/non-salaried people – Maximum -70 Years
(Age limit is the maximum age at the end of the repayment Period)
 

Bank of India Loan against property Interest Rates 2018

  • Loan/ Overdraft Reducible (Monthly Reducible Limit) – 10.30%
  • Overdraft –Non -Reducible – 10.80% PA.

Bank of India Loan against Property EMI Calculator

EMI calculator helps you in calculate emi per month details of your property loan.

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

MAX. REPAYMENT PERIOD: 12 YEARS
 
MARGIN
i. Nil Margin for loan limit provided on the basis of Circle Rate/Registration value of the property (100% Loan amount);
ii. 60 % of Market value ( 40 % Loan amount);
iii. 50% of Distress Sale Value (50% Loan amount), whichever is lowest of i, ii & iii.
 
REQUIREMENT OF NET TAKE HOME PAY /DSCR- FOR LOANS :
 
✓ For individuals : Net take home pay (net of EMI of proposed advance) not to be less than 40% of gross income of the applicant.
✓ For Prop. Firm/Partnership Firm/Company(Loan /Reducible OD) : DSCR: Min.1.5;
✓ For Overdraft facility(Non-reducible ) : ISCR Min.1.5

  
Processing Fees & charges: 1% of the loan amount, Maximum Rs.50000
 
Pre Payment Charges: NIL

 
Available Products of Bank of India: