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|
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