BOI Home Loan

I want to apply for Star Home Loan of Bank of India BOI so can you please tell me the eligibility criteria to apply for this loan?

[Shaleen]

Bank of India (BoI) is commercial bank with headquarters in Mumbai, Maharashtra, India. It was established in 1906 and nationalized in 1969.

BOI Star Home Loan

Purpose -

To purchase/construct house/flat

To renovate/extend/repair existing house/flat

To purchase a plot of land for construction of house

Take over of home loan from other banks/FIs- subject to conditions .

Eligibility

Salaried employees, Professionals, Self-employed persons.

Requests are also considered from NRIs, PIOs, HUF, and Prop. Firm, Partnership firms and corporate

Quantum of Loan -

For construction/purchase of a house/flat-Rs.300 Lacs (Rs.500 Lacs in major metros viz. Mumbai, Kolkata, New Delhi and Chennai)

Repairs/renovation/extension to house/flat –Rs.50 lacs

Purchase of a plot - Rs.300 lacs

Minimum Home Loan :- for Metro/Urban Centres :-Rs. 1 Lac

Rate of Interest -

BOI Base Rate 9.70% w.e.f. 05.10.2015 Irrespective of Repayment period

For Limits Upto RS.75 Lacs : Base Rate 9.95%

For Limits Rs.75 Lacs & above 0.25% above Base Rate presently 10.20%