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Bank of India (BOI) Home Loan

Bank of India offers home loans @7.10% p.a. onwards for loan tenures of up to 30 years and loan amount of up to 90% of the property value. The bank also offers home loans with overdraft facility, home loan balance transfer facility and a special home loan scheme called ‘Star Diamond Home Loan’ to HNI individuals with higher loan amounts.

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Starting 7.10% p.a.

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000
IDFC First Bank
Max Loan Amt.Upto ₹10Cr
Rate of Interest8.85% - 18%
Tenure uptoUpto 30 Years
Processing FeeUpto 3%

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How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Bank of India Home Loan Highlights

Interest Rate 7.10% p.a. onwards
Loan Amount Up to 90% of market value
Loan Tenure Up to 30 years
Processing Charges Rs. 3,500 - Rs. 60,000 (GST extra)

Note: Last updated on 12th January 2026

Bank of India Home Loan Interest Rates

Applicants applying for Bank of India home loan through Paisabazaar can avail interest rates starting from 7.10% p.a. The lender offers differential interest rates depending on the CIBIL score and occupation profile of home loan applicants.

Also Check: Bank of India Home Loan Interest Rates

How to Apply for Bank of India Home Loan?

Applicants can apply for Bank of India Home Loan either through the official website of Bank of India or through Bank of India app, BOI Mobile. They can also apply for Home Loan by visiting Bank of India branch. Applicants should also visit online financial marketplaces to compare the interest rates and other features offered by various lenders and apply accordingly.

Bank of India Home Loan Processing Fee and Other Charges

Home loan processing fees charged by the Bank of India for different home loan schemes have been illustrated in the table given below.

Home Loan Schemes Processing Charges*
For Individuals 0.35% of the loan amount (Min - Rs. 3,500, Max. - Rs. 30,000)
Star Diamond Home Loan Rs. 60,000, irrespective of the loan amount

*Excluding GST

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Documents Required for Bank of India Home Loan

Bank of India requires the following documents for a home loan:

For BOI Star Diamond Home Loan

For Individuals:

  • ID Proof – Passport/PAN/Driving License/Voter ID
  • Address Proof – Passport/Driving License/Aadhar Card/latest electricity bill/latest telephone bill/latest piped gas bill
  • Income Proof for Salaried – salary or pay slip for the latest 6 months and 1 year ITR/Form 16.
  • Income Proof for Self-employed – ITR for last 3 years along with income computation of Income/Profit & Loss account/Balance sheet/Capital account statement

For Other than Individuals:

  • KYC of partners/directors
  • PAN card copy of firm/company
  • Account statement for last 1 year
  • Registered Partnership Deed/MOA/AOA
  • Audited financials of the firm for last 3 years
  • Certificate of incorporation

For Star Pravasi Home Loan

For Individuals For Other than Individuals
Passport with VISA printed on it Membership of professional organization
Copy of PAN Card Income Proof (based on audited financial)
Work permit Copy of PAN Card
Address Proof of India and abroad Passport with VISA printed on it
ID card issued by the employer Address Proof of India and abroad
Address Proof of the employer with contact details Statement/Income Proof/Returns, etc. as applicable to the country of present residence
Latest salary slip Government or local body permission or license to engage in business activity
Annual ITR filed as per the rules of the country where the applicant resides for the last 2 years

Bank of India Home Loan Eligibility Criteria

Below-mentioned are the home loan eligibility criteria for various schemes offered by Bank of India.

BOI Star Home Loan Eligibility

  • Nationality: Resident Indian/NRIs/PIOs are eligible.
  • Job profile: Individuals including Salaried/Self-employed/Professionals individuals and Non Individuals including HUF, Corporates, Groups/Association of Individuals
  • Trusts cannot avail this loan scheme
  • Minimum age at the time of loan application: 18 years
  • Maximum age at the time of loan maturity: 70 years

Eligibility for Star Diamond Home Loan

  • Nationality: Resident Indians/PIO/NRIs
  • Minimum age at the time of loan application: 18 years
  • Maximum age at the time of loan maturity: 70 years
  • Job Profile: HNI individuals including Salaried/Self-employed/Professionals and Non Individuals including HUF, Corporates, Groups/Association of Individuals
  • Minimum average gross income of Rs 1 crore and above during last 3 years

Eligibility for BOI Star Smart Home Loan

  • Existing savings/current account customer with average balance of Rs 5,000 for the past 1 year
  • New customer who opens a new savings/current account with an opening balance of Rs 5,000
  • Salaried employees having salaried accounts with Bank of India
  • Self-employed professionals such as lawyers, doctors, CA, CS, engineers, etc.

BOI Star Pravasi Home Loan Scheme Eligibility

  • Nationality: Non-Resident Indians/Person of Indian Origin
  • Indian citizens working abroad on assignment with National/International government agencies
  • Indian citizen working in merchant navy having NRI status
  • Minimum age at the time of loan application: 18 years
  • Maximum age at the time of loan maturity: 70 years

Bank of India Home Loan Customer Care Number

Customers looking for Bank of India home loan customer care numbers can check the details given below.

  • Toll free Numbers: 1800 103 1906; 1800 220 229
  • Chargeable Number: (022)-40919191
  • Grievance Contact Numbers: 1800 220 229; 1800 103 1906; 022 4091 9191

Types of Bank of India Home Loan

BOI Star Home Loan

Purpose: Bank of India offers Star Home Loan Scheme for the purchase of plots, construction of house, purchase/construction of house/flat, renovation/repairs/alterations/additions to flat/house. Under this scheme, existing home loan borrowers of other banks and HFCs can transfer their existing home loan to Bank of India at lower interest rates.

Loan Amount:

  • For purchase/construction of house/flat- Up to Rs. 3 crore (up to Rs 5 crore in metro cities like Mumbai, Delhi, Kolkata, Chennai)
  • For repair/renovation/extension- Up to Rs 50 lakh
  • Plot Purchase- Up to Rs 3 crore

LTV Ratio: Up to 90% of market value

Tenure: Up to 30 years

BOI Star Diamond Home Loan

Purpose: Bank of India offers Star Diamond Home Loan scheme to HNI individuals with annual gross income of Rs 1 crore and above in the last 3 years for purchasing a home or for extension/renovation of an existing property.

Loan Amount: Above Rs. 7.5 crore

LTV Ratio: Up to 80% of Pure Property Value

BOI Star Smart Home Loan

Purpose: Consumers having salary account with Bank of India or existing and new savings/current account holders of the bank can avail Star Smart Home Loan to purchase a plot and construct a house on it, provided construction starts within 5 years from the date of loan disbursement.

Applicants can also avail the loan facility for home furnishing, purchasing solar PV, addition/extension/renovation of existing property. Star Smart Home Loan scheme also offers home loan balance transfer facility to existing home loan borrowers of other banks and HFCs.

Minimum Loan Amount:

  • For salaried- Rs 5 lakh
  • For self-employed- Rs 10 lakh

LTV ratio: Up to 90% of market value

Tenure: Up to 30 years

BOI Star Top Up Loan

Purpose: Existing home loan borrowers of Bank of India can avail Star Top-Up Loan in addition to the existing home loan to finance their personal needs, apart from speculative purposes.

LTV Ratio: Up to 90% of property value

BOI Star Pravasi Home Loan Scheme

Purpose: NRIs and Persons of Indian Origin can avail BOI Star Pravasi Home Loan Scheme for the purchase of a plot and the construction of house on it, balance transfer, home furnishing, purchase of Solar PV and enhancement/extension/renovation of existing property.

Loan Amount: Up to 90% of property value

Tenure: Up to 30 years

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

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FAQs

Bank of India home loan interest rates start from 7.10% p.a. The bank has mentioned the interest rate differential based on the credit score and occupation profile of its home loan applicants

You can calculate the interest cost of your Bank of India Home Loan with the help of Bank of India Home Loan EMI Calculator. You can enter the interest rate, loan amount and loan tenure in the Home Loan EMI Calculator and get the interest cost instantly

Bank of India offers home loans to salaried and self-employed individuals. Non-individuals such as Group/Association of Individuals, HUF and corporates are also eligible for Bank of India Home Loan, except Trusts. Minimum age of the applicant should be 18 years and maximum age should be 70 years at the time of loan maturity

The documents required for availing Bank of India Home Loan include ID proof, address proof and income proof for individuals. Non-individuals need to submit KYC of partners/directors, account statement for the last 1 year, PAN card copy of firm/company, certificate of incorporation, etc. while applying for Bank of India Home Loan

Bank of India has not set a specified credit score for applicants availing home loans from Bank of India. However, it offers lower interest rates to home loan applicants having higher credit scores. For example, it offers lowest interest rates to applicants having credit scores of 800 and above, followed by applicants having credit scores of 750-799, 700-749 and below 700

You can apply for Bank of India home loan online through the official website of Bank of India or offline by visiting any branch of Bank of India. To apply for home loan online, click on the “BOI Online” option on the Bank of India home page. Go to “Retail Loan” under the “Loan Services” section and select “BOI Retail Loan in just 59 minutes” Choose the “Home Loan” option on the page and fill in the required details. Enter your contact number. An OTP will be sent to this mobile number. Enter the OTP, set a new password and click “Proceed”

Bank of India offers an interest rate concession of 0.10% to home loan balance transfer applicants subject to the offered HLBT rate does not fall below 7.45% p.a. The bank has also waived off processing fees for home loan applicants having CIBIL score of 725 and above or -1/0 and without any adverse remarks in the CIBIL report

Bank of India offers home loans at floating and fixed rates. Hence, applicants can choose between the two while applying for Bank of India Home Loans

Yes, applicants can foreclose their home loan taken from Bank of India. The bank does not charge any prepayment fees for home loans at floating rates

You can check your Bank of India Home Loan status either through the official website of Bank of India or through its mobile app, BOI Mobile. You can also visit Bank of India branch to check your home loan status

Bank of India has not specified the turnaround time for it home loan approval process. However, lenders usually take 2-3 weeks or even more for approving their home loan applications

Borrowers can download their home loan interest certificate online either through the official website of Bank of India or through its mobile app, BOI Mobile

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me home loan lene ka soch raha tha uske liye mene pehle paisabazaar app se free me apni eligibility check ki..usse mujhe pata chala muje kya cheeze improve karni hai aur fir mera loan jaldi approve ho gaya.

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Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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