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Bank of India Home Loan Highlights
| Particulars | Details |
| Interest Rate | Floating: 7.35%-10.35% p.a.
Fixed: 10.65%-12.15% p.a. |
| Loan Amount | Up to 90% of market value |
| Loan Tenure | Up to 30 years |
| Processing Charges | Processing charges are waived off for individuals having a CIBIL personal score of 700 and above or -1/0 |
Note: Last updated on 3 July 2025
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Bank of India Home Loan Interest Rates
Bank of India Home Loan interest rates start from 7.35% p.a. onwards. The lender offers differential interest rates depending on the CIBIL score and occupation profile of home loan applicants.
Floating Rates
Star Home Loan/Star Smart Home Loan/Star Diamond Home Loan
| CIBIL Score | Salaried | Non-Salaried |
| 840 and above | 7.35% p.a. | |
| 825 to 839 | 7.50% p.a. | |
| 800 to 824 | 7.50% p.a. | |
| 760 and 799 | 7.65% p.a. | |
| 725 to 759 | 8.00% p.a. | |
| 675 to 724 | 8.50% p.a. | |
| Below 675 | 10.10% p.a. | |
| -1 and 0 | 8.00% p.a. | |
Note:
- In case of Home Loan Takeover, additional BSD of 0.10% is offered, subject to maximum BSD of 0.90% i.e. ROI not below 7.35%
- 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 Rates
Star Home Loan/Star Smart Home Loan/Star Diamond Home Loan
| CIBIL Score | Salaried | Non-Salaried |
| 825 and above | 10.65% p.a. | |
| 800 to 824 | 10.65% p.a. | |
| 760 and 799 | 10.65% p.a. | |
| 725 to 759 | 10.75% p.a. | |
| 675 to 724 | 10.85% p.a. | |
| Below 675 | 11.95% p.a. (for women applicants) | 12.10% p.a. (for women applicants) |
| 12.00% p.a. (for others) | 12.15% p.a. (for others) | |
| -1 and 0 | 10.95% p.a. | |
Apply For Home Loan at Attractive Interest Rates Click Here
Compare Home Loan Interest Rate Offered by Various Banks & HFCs
| Name of Lender | Loans Up to Rs. 30 Lakh | Loans Above Rs. 30 Lakh to Rs. 75 Lakh | Loans Above Rs. 75 Lakh | |
| State Bank of India | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.15% p.a. onwards | 8.15% p.a. onwards | 8.15% p.a. onwards | Check Eligibility |
| Bajaj Housing Finance | 7.49% p.a. onwards | 7.49% p.a. onwards | 7.49% p.a. onwards | Check Eligibility |
| ICICI Bank | 8.00% p.a. onwards | 8.00% p.a. onwards | 8.00% p.a. onwards | Check Eligibility |
| Axis Bank | 8.35%-11.90% p.a. | 8.35%-11.90% p.a. | 8.35%-11.90% p.a. | Check Eligibility |
| Federal Bank | 9.15% p.a. onwards | 9.15% p.a. onwards | 9.15% p.a. onwards | Check Eligibility |
| Punjab National Bank | 7.55% - 9.35% p.a. | 7.50% - 9.25% p.a. | 7.50% - 9.25% p.a. | Check Eligibility |
| Kotak Mahindra Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
| Canara Bank | 7.50%-10.25% p.a. | 7.45% – 10.25% p.a. | 7.40% – 10.15% p.a. | Check Eligibility |
| IDFC FIRST Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| IDBI Bank | 7.75% p.a. onwards | 7.75% p.a. onwards | 7.75% p.a. onwards | Check Eligibility |
| RBL Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 7.99% p.a. onwards | 7.99% p.a. onwards | 7.99% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.25% - 11.50% p.a. | 8.25% - 11.50% p.a. | 8.25%-12.35% p.a. | Check Eligibility |
| Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| India Shelter Home Loan | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
| Home First Finance | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | Check Eligibility |
| Easy Home Finance | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | Check Eligibility |
| Piramal Capital Housing Finance | 9.50% p.a. onwards | 9.50% p.a. onwards | 9.50% p.a. onwards | Check Eligibility |
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 Bank of India 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 | Processing charges are waived off for individuals having a CIBIL personal score of 700 and above or -1/0 |
| Star Diamond Home Loan | Rs 50,000, irrespective of loan amount |
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 EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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
FAQs On Bank Of India Home Loan
What is the current home loan interest rate of Bank of India?
Bank of India home loan interest rates start from 7.35% p.a. The bank has mentioned the interest rate differential based on the credit score and occupation profile of its home loan applicants.
How to calculate the interest cost of Bank of India Home Loan?
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.
What is the eligibility to apply for Bank of India Home Loan?
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.
What are the documents required for availing Bank of India Home Loan?
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.
What is the minimum credit score required to avail home loan from Bank of India?
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.
How to apply for Bank of India Home Loan?
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”.
Does Bank of India offer any concessions on home loans?
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.
Can the applicants availing Bank of India Home Loans choose between fixed and floating rates?
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.
Can I foreclose my home loans availed from Bank of India?
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.
How can I check Bank of India Home Loan status?
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.
How long does it take for Bank of India to approve home loans?
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.
How to download home loan interest certificate online?
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.