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 emicalculator-india.com.
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.
Bank of India STAR HOME LOAN SCHEME
- Star Home Loan
- Star Smart Home Loan
- Star Diamond Home Loan
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
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 |
|
| 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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