Bank of India Home Loan Interest Rates, EMI Eligibility Calculator

Bank of India Home Loan– Calculate EMI & Eligibility details of Bank of India at lowest Interest Rates online. Documents List, Process, Procedure, Processing Fees, Loan amount & per month lowest EMI options, Status, Application, MCLR Rates, Base Rates at

Bank of India Home Loan can be used for many purposes like To purchase/construct house/flat, To renovate/extend/repair existing house/flat, To purchase a plot of land for construction of house etc.


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About Bank of India : Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership. The Bank has over 5000 branches in India.

Bank of India Home Loan – Instant Quotes Online

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Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
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Bank of India Home Loan Details

Interest Rates 8.25% – 8.40%
Eligible Borrowers Salaried/ Self-employed
Processing Fees 0.25% of the loan amount Min.Rs.1,000/- and Max. Rs.20,000/-
Maximum Loan Amount Up to Rs.500 Lacs
Eligible Quantum of Loan/ EMI
  • Salaried Employees: 72 times of gross p.a. income-based on ITR.
  • Self-employed/ Professionals etc. : 6 times of Gross p.a. income-based on ITR.
  • HUF/Proprietorship /Partnership Firm/Company: 6 times of cash accruals as per Balance Sheet/P&L Account.
Maximum Repayment Period 30 Years
Age Up to 70 years
Pre Closure Charges NIL
Lowest EMI per 1 Lakh Rs. 751/- onwards
Toll-Free Number 1800 220 229, 1800 103 1906, 022 40919191
Bank Bank of India
Security / Guarantor Mortgage/Equitable Mortgage (1st charge) on land/flat/house. Third-Party guarantee

Special Features :

  • Free Personal Accident Insurance cover for the borrower
  • Life Insurance covers to housing loan borrowers, at an affordable premium against the risk of death during tenure of the loan.
  • Loan furnishing the house/flat at a rate of interest as applicable to housing loan under the scheme

Example – If you want Rs. 10 lakh of a home loan at 8.25%, then your monthly EMI are as given.

Loan Amount Tenure In Years Interest Rate Monthly EMI Total Amount Total Interest
10 lakh 5 8.25% ₹20,396.25 ₹12,23,775.10 ₹2,23,775.10
10 lakh 10 8.25% ₹12,265.26 ₹14,71,831.50 ₹4,71,831.50
10 lakh 15 8.25% ₹9,701.40 ₹17,46,252.64 ₹7,46,252.64
10 lakh 20 8.25% ₹8,520.66 ₹20,44,957.57 ₹10,44,957.57
10 lakh 25 8.25% ₹7,884.50 ₹23,65,350.40 ₹13,65,350.40
10 lakh 30 8.25% ₹7,512.67 ₹27,04,559.77 ₹17,04,559.77

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