Bank of India Home Loan.
Bank of India Home Loan provides loans to purchase plot for construction of a house. bank of India home loan available at very competitive rate of interest. Option for different EMI amounts for different periods during tenure of loan to suit customer’s repayment capacity.
- Prepayment of Loan permitted. No prepayment charges under floating rate option. Interest is calculated on daily balance basis which is of great advantage to customer as it results in lower interest amount.
- Loan to NRIs as well as Persons of Indian Origin. Simplified application form/procedures for convenience of customers, and speedy approvals.
- Free Personal Accident Insurance cover (Renewed at banks discretion) Life Insurance Cover to borrowers for Loan Protection(optional).
Established in 1906, Bank of India is one of the most seasoned flourishing money related organizations in India. Which offers a broad suite of budgetary items and administrations. The bank was nationalized in the year 1969 and as of now works with the assistance of more than 4200 branches. found all over India.
Features and Benefits –
Loan Amount – Get all the fund you have to buy your new house with the BOI Star Smart Loan which accompanies a base Loan point of confinement of Rs 5 lakhs (for salaried people); Rs 10 lakhs (for different people). As far as possible for which you may take this credit will be according to the ordinary home Loan plan.
Early Closure – One of the most novel elements of this home Loan is that helps you in early conclusion of the credit.
This is conceivable as the surplus finances in the record help in bringing down the intrigue risk. in this way decreasing the Loan. As an aftereffect of this, it gets to be feasible for you to make an early conclusion on your credit.
Interest Rate – BOI Star Smart Home Loan:
BOI offers a standout among the most focused rates on its home Loans. The Star Smart home Loan offers the accompanying financing cost, contingent upon the measure of credit taken.
Loan up-to Rs 75 lakh: 10.20%
For Loans over Rs 75 lakh and up to Rs 10 lakh:10.45%
Over Rs 100 lakh: 10.70%
Charges and Fees:
The Loan preparing charges will be twofold of what is pertinent for individual clients. for Star Smart home Loan clients hailing from country territories, the preparing charges will be 75% of the rate that is pertinent to the individual client.
These handling charges are pertinent on all loan amounts.
Eligibility – BOI Star Smart Home Loan:
So as to be qualified for the BOI Star Smart home Loan, new and existing clients must agree to the accompanying qualification criteria:
Every single new client who has opened another BOI Savings Bank or Current Account opening of Rs 5,000 are qualified for this home Loan.
All independently employed people.
Experts like designers, attorneys, specialists, contracted bookkeepers, representatives, and so on., who have a standard wellspring of wage, are qualified for this credit too.
FAQs: Bank of India (BOI)
The offices accessible with the record connected with this home Loan?
The Savings Bank or Current Account connected with your BOI home Loan. accompanies different offices like a charge card, check book office. portable saving money. and web managing an accounting office, and so on.
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