#1
16th November 2015, 10:23 AM
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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?
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#2
16th November 2015, 10:23 AM
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Re: BOI Home Loan
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% |
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