Bank of India (BOI) Home Loan Interest Rate
Bank of India (BOI) Home Loan Interest Rate
Each loan applicant has a different purpose for obtaining a home loan from the bank. The Bank of India understands this and has hence created a wide range of popular home loan products for its customer base. The Bank of India home loan interest rate starts at 7.35% p.a. With minimum documentation and no hidden charges on home loan applications, the bank is one of the renowned names in the home loan market.
Bank of India Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Bank of India Home Loan Key Highlights
Amount of Loan
Up to Rs. 5 crore
Rate of Interest
Starting from 7.35% p.a.
Processing Fees
Up to 0.25% for Individuals (Min. Rs.. 1,500; Max. Rs.. 20,000)
Max Tenure for Loan Repayment
Up to 30 years
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| For applicants with a CIBIL score of 800 and over | Salaried (7.35% p.a. onwards) | Non-Salaried (7.35% p.a. onwards) |
| For other applicants | Salaried (7.40% p.a. - 8.90% p.a.) | Non-Salaried (7.40% p.a. - 7.90% p.a.) |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Retail Prime Lending Rate: 9.25%
| Loan Category | Interest Rate for (CIBIL score >=825) |
|---|---|
| All loan | 8.30% p.a. onwards(Salaried) | 8.30% p.a. onwards(Self Employed) |
Star Pravasi Home Loan Interest Rate
| Loan Category | Home Loan Interest Rate |
|---|---|
| For NRIs | 8.45% p.a. - 9.65% p.a. onwards |
Top-Up Loan Interest Rates
| Loan Category | Home Loan Interest Rate |
|---|---|
| Star Top-Up Loan | 8.30% p.a. - 10.65% p.a. |
Interest rates were last updated on 1st February 2025
Bank of India Home Loan Interest Rates for All Schemes in India
Bank of India aims to meet the varied housing finance needs of a varied customer base in India. The bank provides an array of home loan products, each of which is designed to meet a different housing requirement for the applicant. Bank of India home loans start from 8.30% p.a. onwards and go up to 10.65% p.a. Tabulated below are the various interest rates for each of the home loan plans on offer by the Bank of India.
| PNB Home Loan Plans | Plan Interest Rate |
|---|---|
| Star Home Loan | 8.30% p.a. onwards |
| Star Pravasi Home Loan | 8.30% p.a. - 9.65% p.a. |
| Star Diamond Home Loan | 8.30% p.a. - 9.65% p.a. |
| Star Smart Home Loan | 8.30% p.a. - 9.65% p.a. |
| Star Home Loan - Furnishing | 8.30% p.a. - 9.65% p.a. |
| Star Top-Up Loan | 8.30% p.a. - 10.65% p.a. |
Bank of India Home Loan Interest Rates for Balance Transfer, Top Up and Overdraft
To offer the maximum convenience to its loan applicants, the Bank of India offers many valuable features in its housing finance segment. The key ones are explained below:
Bank of India Home Loan Top-Up
Need extra money to buy furnishings for your newly moved-in home but don't have ready cash in hand? Bank of India's special top-up home loan scheme can be of help here. It is called Star Top-Up Loan and helps you conveniently top up your current home loan with an additional amount without pushing you to go through all the formalities again and apply for a fresh one. Bank of India home loan top-up interest rate ranges between 7.35% p.a. and 10.65% p.a.
Bank of India Home Loan Overdraft
The overdraft facility at BOI allows you to make withdrawals from your home loan account, which you can also operate as an overdraft account with the bank, up to the excess amount that you have deposited therein for future contingencies. These could be spending on renovations, upgrades, or immediate buying of the house for which you would need ready cash. With a small amount deposited every month into your home loan account (also used as an overdraft) with the Bank of India, you can withdraw funds up to the excess available and meet your personal home requirements.
Bank of India Home Loan EMI Calculation 2025
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 8.30% p.a. | Rs. 12,292 | Rs. 8,552 | Rs. 7,548 |
| Rs. 20 lakh | 8.30% p.a. | Rs. 24,584 | Rs. 17,104 | Rs. 15,096 |
| Rs. 30 lakh | 8.30% p.a. | Rs. 36,876 | Rs. 25,656 | Rs. 22,644 |
| Rs. 40 lakh | 8.30% p.a. | Rs. 49,167 | Rs. 34,208 | Rs. 30,191 |
| Rs. 50 lakh | 8.30% p.a. | Rs. 61,459 | Rs. 42,760 | Rs. 37,739 |
| Rs. 60 lakh | 8.30% p.a. | Rs. 73,751 | Rs. 51,312 | Rs. 45,287 |
| Rs. 70 lakh | 8.30% p.a. | Rs. 86,043 | Rs. 59,864 | Rs. 52,835 |
| Rs. 80 lakh | 8.30% p.a. | Rs. 98,335 | Rs. 68,417 | Rs. 60,383 |
| Rs. 90 lakh | 8.30% p.a. | Rs. 1,10,627 | Rs. 76,969 | Rs. 67,931 |
| Rs. 1 crore | 8.30% p.a. | Rs. 1,22,919 | Rs. 85,521 | Rs. 75,478 |
Disclaimer:
The figures in the table above are based on an 8.30% p.a. interest rate offered by the Bank of India Home Loan. They may vary, however, based on the different interest rates offered by other banks, your monthly income, and other factors.
How to Calculate Bank of India Home Loan Interest Rates?
If you are unsure about the rate of interest payable on the specific loan amount you wish to avail of with the Bank of India Home Loans, the best way is to use the online home loan EMI calculator, which is readily available at EMI. For a better reference, we list below the interest rate and the EMI amounts payable on home loans from the Bank of India, as an example.
Compare Bank of India Home Loan Interest Rate with Top Banks
The Bank of India offers competitive interest rates on all its home loan products. Taking a home loan, however, is a crucial decision, and it helps to do your homework before applying for the loan. Given below are the current home loan interest rates and processing fees for the Bank of India, as well as a few other leading banks in the country, for your reference.
Bank of India Home Loan Balance Transfer
If your current home loan amount interest rates are becoming a regular bother, the good news is that you can consider switching your standing loan amount to the Bank of India. With its competitive rates of interest and quality customer service, the bank does seem to be an alluring choice for many home loan applicants in India. Bank of India home loan balance transfer interest rates start at 7.35% p.a. The simple and hassle-free procedure to apply for a home loan balance transfer with the Bank of India is as follows:
Go to Repay Right on the website of BASIC Home Loan.
On the form provided on the page, key in all the important details about your current loan amount (outstanding), current rate of interest p.a. on the existing loan amount, new rate of interest p.a. for Bank of India home loans, current loan repayment tenure, and current EMI amount.
Click on Next to submit the form.
On the next page, you will be able to see your total savings on the home loan amount with Bank of India Home Loan Balance Transfer.
Alternatively, feel free to connect with the BASIC Home Loan team to guide you through the home loan balance transfer from your current bank to the Bank of India.
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