| 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 13th April 2026
Bank of India (BOI) Home Loan
4.5/5
15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Competitive Interest Rates
Starting 7.10% p.a.
Handpicked Home Loan Offers
Offers from 25+ Banks & HFCs
Dedicated Customer Support
Expert Assistance at Every Step
Transfer Balance & Get a Top-Up Easily
Additional Funds when Required
Find Best Home Loan Offers
HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
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
Why Choose Paisabazaar?
Compare & Choose the Best Offer
Curated Offers from Multiple Lenders
Highest Loan Approval Chances
Easy & Transparent Borrowing Process
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.
Apply Now
Bank of India Home Loan Highlights
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
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:
For Other than Individuals:
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
Eligibility for Star Diamond Home Loan
Eligibility for BOI Star Smart Home Loan
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.
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:
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:
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.
Apply Now
FAQs
What is the current home loan interest rate of Bank of India
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
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
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