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Bank of India Home Loan Interest Rate

Bank of India offers home loan at floating as well as fixed interest rates. The lender sets its interest rates based on the CIBIL score, loan amount and job profile of the applicants. Applicants having a CIBIL Score of 840 and above have higher chances of availing lower interest rates from Bank of India. The bank offers a premium of 25 bps in case of Smart Home Loans of above Rs. 2 crore.

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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
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
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Step 1: Enter your mobile number in the application form.

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Current Home Loan Interest Rates of Bank of India

Floating Interest Rates

CIBIL Score Salaried Non-Salaried
840 and above 7.10% p.a.
825 and 839 7.25% p.a.
800 and 824 7.25% p.a.
760 and 799 7.40% p.a 7.50% p.a.
725 and 759 7.90% p.a. 8.00% p.a.
700 and 724 8.40% p.a. 8.45% p.a.
Below 700 10.00% p.a.
-1 and 0 7.90% p.a.

Note: Premium of 0.25% over and above the proposed rates of interest will be charged in case of Smart Home Loan of above Rs. 2.00 Cr.

Fixed Interest Rates

CIBIL Score Salaried Non-Salaried
840 and above 10.65% p.a.
825 and 839 10.65% p.a.
800 and 824 10.65% p.a.
760 and 799 10.65% p.a.
725 and 759 10.75% p.a.
700 and 724 10.95% p.a. 11.00% p.a.
Below 700 12.55% p.a.
-1 and 0 10.95% p.a.

Swipe to see more table data

Types of Bank of India Home Loan Interest Rates

Bank of India offers home loans at both floating and fixed interest rates.

  • Floating Rates- The floating home loan interest rates offered by Bank of India start from 7.10% p.a. onwards. Floating rates also known as variable rates are repo linked and change whenever RBI sets its repo rate.
  • Fixed Rates- Bank of India fixed interest rates start from 10.65% p.a. Fixed interest rates are MCLR based and remain constant throughout the loan tenure.

Bank of India Home Loan Interest Rates vs Other Lenders

Name of Lender Interest Rates
Axis Bank 8.35% p.a.
Bajaj Housing Finance 7.15% p.a.
Canara Bank 7.15% p.a.
Easy Home Finance 8.99% p.a.
Federal Bank 8.75% p.a.
Godrej Housing Finance 7.75% p.a.
HDFC Bank 7.20%* p.a.
HDFC Sales Pvt. Ltd. 7.20%* p.a.
Home First Finance 8.00% p.a.
ICICI Bank 7.65% p.a.
IDBI Bank 7.35% p.a.
IDFC FIRST Bank 8.85% p.a.
India Shelter Home Loan 8.43% p.a.
Jio Housing Finance 8.20% p.a.
L&T Finance Limited 7.65%* p.a.
Piramal Capital Housing Finance 9.99% p.a.
PNB Housing Finance 7.70%* p.a.
Punjab & Sind Bank 7.30% p.a.
Punjab National Bank 7.20% p.a.
RBL Bank 8.20% p.a.
Sammaan Capital (Formerly known as Indiabulls Housing Finance) 8.75% p.a.
Shubham Housing Finance 10.45% p.a.
State Bank of India 7.25% p.a.
Tata Capital Housing Finance 7.75% p.a.

*when applied through Paisabazaar

Rates updated on 13th January 2026

Examples of Bank of India Home Loan EMI

BOI Home Loan EMI for different tenure

Interest Rate (p.a.) Loan Amount (Rs.) Loan Tenure (years) EMI (Rs.)
7.10% 30 lakh 10 34,987
7.10% 30 lakh 13 29,505
7.10% 30 lakh 15 27,133
7.10% 30 lakh 20 23,439
7.10% 30 lakh 25 21,395

BOI Home Loan EMI for different loan amounts

Interest Rate (p.a.) Loan Amount (Rs.) Loan Tenure (years) EMI (Rs.)
7.10% 20 lakh 30 13,441
7.10% 22 lakh 30 14,785
7.10% 25 lakh 30 16,801
7.10% 30 lakh 30 20,161
7.10% 35 lakh 30 23,521

Swipe to see more table data

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How to Get Lowest Home Loan Interest Rates from Bank of India

  • Improve your credit score
  • Make a higher down payment
  • Negotiate with the lender
  • Maintain your EMI/NMI ratio below 50%
  • Check for pre-approved offers
  • Check for seasonal offers on rates and charges

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 offers home loan interest rates starting from 7.10% p.a. Depending on the credit profile of the applicants.

Bank of India sets its home loan interest rates depending on the CIBIL Score, loan amount, home loan variants and occupation profile of its applicants.

Floating interest rates are lower than fixed interest rates and change with the change in the repo rate set by the RBI. Whereas, fixed interest rates remain constant throughout the tenure. Applicants can opt for either of the two as per their requirements.

Change in interest rate is directly related to the home loan EMI. An increase in interest rate increases the home loan EMI and vice-versa, provided the loan amount and tenure remains the same.

Applicants having a CIBIL score of 840 and above can avail Bank of India home loans at lower interest rates.

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