Why Choose Bank of India Home Loans?
Bank of India (BOI) has been around since 1906, making it one of India's biggest
and most trusted banks. People know us for being upfront about our loans and treating customers
fairly.
Low Rates: We offer good floating and fixed interest rates that
depend on your credit and financial situation.
Wide Coverage: We fund homes in cities and villages, whether you
are buying, building, fixing up, or just buying land.
Easy Paperwork: We have made the paperwork simple for all our
loans.
Flexible Loans: You can take up to 30 years to repay, take a
break from payments, and adjust your monthly payments as needed.
No Hidden Costs: No penalty if you pay early, and we tell you
about all charges upfront.
Free Insurance: We provide accidental insurance up to five crores
for home loan borrowers.
Bank of India Home Loan Products
Home loan Bank of India offers a flexible suite of home loan products:
Star Home Loan: Get it for buying/building a house or flat, or
grabbing a plot/building within 5 years, or even for home renovations.
Star Smart Home Loan: It's like an overdraft on your current
account – easy access to cash without extra fees.
Star Diamond Home Loan: Special loans for the big spenders and
companies, perfect for fancy properties.
Star Pravasi Home Loan: This loan type is made for NRIs and PIOs.
Top-up Loans: Need more cash on top of what you already borrowed?
Here you go.
Balance Transfer: Move your home loan from another bank to us at
BOI for better rates and service.
Furnishing and Solar Loans: Loans to help you decorate or install
solar panels, with home-loan interest rates.
Bank of India Home Loan Interest Rates 2025
Bank of India home loan interest rate 2025 offers both floating and fixed rates. Here’s a quick
floating rate table for 2025.
| CIBIL Score |
Salaried & Self-employed Interest Rate (Floating, p.a.) |
| 840 and above |
7.35% |
| 825 to 839 |
7.50% |
| 800 to 824 |
7.50% |
| 760 to 799 |
7.65% |
| 725 to 759 |
8.00% |
| 675 to 724 |
8.50% |
| Below 675 |
10.10% |
| -1 and 0 |
8.00% |
Fixed-rate loans kick off at 10.65% per year, but the rate changes based on your credit score and
overall profile.
- You can pay it back over as long as 30 years.
- You can borrow up to ₹5 crore for many loans. If you're fixing up your place, you can get up
to ₹50 lakh. If you are after a Diamond Home Loan, you could get even more.
- The interest is figured out on what you still owe, so you only pay interest on the actual
amount outstanding.
- Interest rates can fluctuate, so it's always a good idea to confirm the newest rates
straight from BOI.
Processing fees and charges:
Standard Home Loan: It's 0.25% of the loan (but at least ₹2,500).
Good news: if your CIBIL score is 700 or higher, you might not have to pay this!
Diamond Home Loan: For the Diamond Home Loan, the fee for Flat
would be ₹50,000.
Other Charges: You will also need to pay for legal stuff,
valuation, and any third-party services.
Prepayment: No charge if you have a floating-rate loan.
GST: Applicable on all fees.
Home Loan Eligibility Criteria
- To qualify, you need to be an Indian citizen, NRI, or PIO, and have the right documents.
- Age-wise, you should be at least 21. Ideally, you should be no older than 70 by the time the
loan is paid off. There might be some exceptions for self-employed folks or retirees.
- As long as you have a stable income, you can prove it. It doesn't matter if you are
salaried, self-employed, a professional, or a business owner; you are good to apply.
- Want a boost? You can add co-applicants. You can combine incomes from your spouse, parents,
or kids to help you qualify for a bigger loan.
- A credit score above 675 helps, but you will get even better rates if it's 725 or higher.
- There’s usually a loan of up to 90% of the property's value, but this can depend on banking
rules.
- If you are salaried, we like to see at least a year at your current job. If you are
self-employed, we want to see at least three years of business history.
Required Documents for Bank of India Home Loan
ID Proof: PAN Card, Aadhaar, Passport, Voter ID, or Driver's
License.
Address: Passport, Aadhaar, Utility Bill, or Bank Statement.
Age: Birth Certificate, PAN Card, Passport, or School Documents.
Income: If you are salaried – Pay slips from the last six months,
Form 16, and last year’s tax returns.
If you are self-employed – Tax returns from the last three years, a Profit & Loss statement, Balance
Sheet, and proof of business.
Bank Statements: For the last six months from any relevant bank
account.
Property Documents: Sale Agreement, Title Deeds, Approved Building
Plans, Chain of Title, No Objection Certificate from builder or society, and a cost estimate for
building or furnishing.
Co-applicant Documents: If you have a co-applicant or joint owner,
they need all the above documents as well.
Processing Fee: A cheque to cover the cost.
How to Apply for a Bank of India Home Loan via TyTil
Easy online application :
Go to TyTil : Select Bank of India from the list.
Check Out Loan Options: Explore what Bank of India has to
offer—interest rates, repayment plans, and more.
Apply Online: Fill out the application form with your KYC,
income, and personal details.
Upload Your Files: Submit your documents securely through the
portal.
Expert Guidance: Get help through the paperwork and eligibility
checks to speed things up.
Track Online: Monitor your application status, receive alerts,
and complete approvals digitally.
Benefits of Applying via TyTil
Quick Approval: Digital documents and a simple process speed
things up.
Rate Comparison: Check out all the offers in one place—including
any special deals from TyTil .
Expert Help: Bank of India Home Loan customer care provides
support from start to finish without visiting multiple banks.
Paperless & Transparent: Less paperwork and online tracking that
keeps you updated throughout the process.