Bank of India Loan Against Property

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Bank of India Star Loan Against Property Highlights
Interest rates	Floating rates- 9.10%-11.35% p.a. Fixed rates- 11.40%-13.65% p.a.
Loan amount	Up to 40% of the property value
Loan tenure	Up to 15 years
Processing fees	Up to 1% of the sanctioned loan amount

Note: Interest rates as of 25 August 2025

Bank of India Star Loan Against Property Interest Rates

Bank of India offers loan against property at an interest rate of 9.10% p.a. onwards, based on the credit score of its applicants and the type of property. Mentioned below are the term loan and overdraft LAP interest rates:

Star Loan Against Property Interest Rates (Floating)

On Residential Property

CIBIL Score	Interest Rates (p.a.)
760 and above	9.10%
Between 700 and 759	9.60%
Below 700 (only review)	11.35%
-1 & 0	9.85%

On Commercial or Industrial (Self-occupied Property)

CIBIL Score	Interest Rates (p.a.)
760 and above	9.60%
Between 700 and 759	10.10%
Below 700 (only review)	11.35%
-1 & 0	10.35%

On Commercial or Industrial (Non Self-occupied Property)

CIBIL Score	Interest Rates (p.a.)
760 and above	9.85%
Between 700 and 759	10.35%
Below 700 (only review)	11.35%
-1 & 0	10.60%

Note:

• For the overdraft facility additional 0.25% is to be added to the existing interest rates.

Star Loan Against Property Interest Rates (Fixed)

On Residential Property

CIBIL Score	Interest Rates (p.a.)
760 and above	11.40%
Between 700 and 759	11.90%
Below 700 (only for review)	13.65%
-1 & 0	12.15%

On Commercial or Industrial (Self-occupied Property)

CIBIL Score	Interest Rates (p.a.)
760 and above	11.90%
Between 700 and 759	12.40%
Below 700 (only review)	13.65%
-1 & 0	12.65%

On Commercial or Industrial (Non Self-occupied Property)

CIBIL Score	Interest Rates (p.a.)
760 and above	12.15%
Between 700 and 759	12.65%
Below 700 (only review)	13.65%
-1 & 0	12.90%

The final loan against property interest rates offered to the applicant would depend on their monthly income, job profile, employer’s profile, etc.

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	9.20-10.50	Apply Now
Bank of Baroda	10.85-18.35	Apply Now
PNB Housing Finance	9.25-15.00	Apply Now
IDFC First Bank	9.00-16.50	Apply Now
HDFC Bank Limited	9.50-11.00	Apply Now
L&T Housing Finance	9.50 onwards	Apply Now
LIC Housing Finance	9.50-11.55	Apply Now
Godrej Housing Finance	9.75 onwards	Apply Now
ICICI Bank	10.85-12.50	Apply Now
Tata Capital	9.00 onwards	Apply Now
Axis Bank	10.50-10.95	Apply Now
Punjab National Bank	10.15-14.00	Apply Now

Bank of India Star Loan Against Property Fees and Charges

Processing fees

For loan repayable by installment	One time @ 1% of the sanctioned loan amount (Min. Rs 10,000 and Max. Rs 1 lakh)
For Mortgage Overdraft (reducible)	1% of the sanctioned limit (Min. Rs 10,000 and Max. Rs 1 lakh for 1st year at the time of original sanction)
	0.25% of the Reviewed limit (Min Rs 2,500 and Max. Rs 40,000 for subsequent years

Bank of India Star Loan Against Property Eligibility Criteria

Only Individual customers:

• Resident Indians (both existing and new)
• Regular and confirmed employees/individuals with high net worth.
• Professionals, self-employed and people engaged in trade, commerce and business, engaged in business/profession for a minimum period of 3 years.

Non Resident Indians:

• Non-Resident Indians (NRIs) holding Indian passports having a regular job abroad in a reputed Indian / foreign company, organization or government department.
• NRIs holding a valid job contract / work permit for minimum past -3- years or employed / self-employed or having a business unit and staying abroad at least for past -3 years.

Maximum age:

• Individuals in permanent service: 60 years or Retirement age whichever is earlier.
• For self-employed/non-salaried people, sanctioning authority may relax the age limit by 10 years i.e. up to 70 years.

Along with the above-mentioned factors, Bank of India may also consider the liabilities, assets owned and income profile to evaluate the loan against property eligibility of its applicants.

Bank of India Star Loan Against Property Documents Required

• Proof of identity (any one): PAN/Passport/Driver Licence/Voter ID
• Proof of Address (any one): Passport/Driver Licence/Aadhar Card/ Latest Electricity Bill/Latest Telephone Bill/Latest Piped gas bill
• Proof of Income for Salaried (any one):
  • Latest salary certificate, salary slip from employer showing name, designation, salary details of deductions and copies of income tax returns of last 3 years together with latest income tax assessment order and advance tax challans of current year and Income Tax Return for last 3 Years.
  • Employer’s certificate about birth date, age, Date of joining, likely date of retirements, etc.
• Income Proof for Self-employed: In case of Businessman: copies of financial statement (preferably audited) & Income tax returns for last three years together with copy of latest income tax assessment order and advance tax challans of current year.
• Undertaking Regarding Purpose of Loan

The bank may also ask for additional documents for loan against property based on individual profile.