Bank of India Home Loan Interest Rates 2025

Bank of India Home Loan Amount 

Up to INR 5 Crores

Bank of India Housing Loan Interest Rate

10.70% p.a. To 12.20% p.a.

Loan Tenure

Up to 30 years

Processing Fees

0.25% of the loan amount

CIBIL Score

Interest rates

825 +

10.70% p.a.

800 - 824

10.70% p.a.

760 - 799

10.70% p.a.

725 - 759

10.80% p.a.

675 - 724

10.90% p.a.

Below 675 - Women Beneficiary

Salaried -12.00% p.a.

Self-employed - 12.15% p.a.

Below 675 - Others

Salaried -12.05% p.a.

Self-employed - 12.20% p.a.

CIBIL-Personal Score of -1 and 0

11.00% p.a.

Loan Scheme

Features

Star Pravasi Home Loan

Dedicated to NRIs holding a valid Indian passport and persons of Indian origin holding a valid foreign passport. All co-owners must be co-applicants for the loan. To purchase/construct a house/flat, repair/renovate a house/flat, purchase a plot for building a house, and transfer home loan from another bank.

BOI Star Loan Against Property

You can pledge a property to get cash for purposes, such as trade, business, educational expenses, repair/extension of house/flat, repayment of the existing loan, and more.

BOI Star Diamond Home Loan

High-net-worth individuals, firms/corporate companies can avail the loan under the scheme for residential accommodation of their partners/directors, having a minimum average gross income of Rs.1 crore and above during the last 3 years as per audited balance sheet/IT returns.

BOI Star Top Up Loan

Get an additional loan upon the existing home loan for any purpose other than speculative purposes, such as investment in equities. All existing home loan borrowers with satisfactory conduct for the last two years can apply for this loan.

BOI Star Home Loan

Loans to purchase a plot for constructing a house, purchase/construct a house/flat, and repair/renovation/alteration/addition to existing house/flat up to Rs.5 crore over a maximum of 30 years.

BOI Star Smart Home Loan

Existing or new savings/current account holders with an average balance or opening balance of Rs.5,000 in the account or individuals with s alary account with BOI and others qualify for home loans of a minimum of Rs.5 lakh. Financing provided for repairs/ renovation of house/flat, purchase of plot and household articles, and installing solar PVs.

Pradhan Mantri Awas Yojana

This is a government scheme aiming to provide credit-linked subsidy for housing loans availed for new construction and addition of rooms to existing homes. Individuals from weaker sections and low-income groups are eligible for this scheme.

Salaried employee

Self-Employed

Loan application form

Loan application form

Passport Size Photos

Passport Size Photos

Identity Proof – Passport/Driving Licence/Voter ID/PAN

Identity Proof – Passport/Driving License/Voter ID/PAN

Address Proof – Registered Rent Agreement, Utility Bill (last 3 months), and Passport

Address Proof – Registered Rent Agreement, Utility Bill (last 3 months), and Passport

Income Documents – last 6 months’ payslip, last 2 years’ Form 16, last 6 months’ bank statement showing salary credit and any EMI debit

Business proof, such as GST registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

Year

Interest Rates

2024

10.70% p.a. To 12.20% p.a.

2023

8.30-10.75

2022

9.10%p.a.

2021

6.5% p.a. - 8.35% p.a.

2020

6.85% p.a.