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India's Most Trusted Partner via Cred Source
Bank of India (BOI) is one of the oldest and most prestigious public sector banks in
India, founded in 1906. Nationalized in 1969, BOI has grown into a major
financial giant with extensive domestic operations and 50+ foreign offices in key
international hubs including London, Tokyo, Singapore, and New York.
Bank of
India Star Home Loan scheme is renowned for offering some of the lowest interest rates
in the Indian banking industry, with zero hidden charges, daily reducing balance
calculation, and minimal processing charges.
BOI caters to home purchases, plot
construction, home renovation, and balance transfers with customizable EMI plans and
extended tenures up to 30 years.
Why choose Bank of India through Cred Source:
Who can apply for Bank of India home loan:
Salaried Employees, Self-Employed Professionals, Business Owners & NRIs.
Minimum 18 years to maximum 75 years at maturity.
₹20,000/month for salaried; ₹3.0 Lakh/year net profit for self-employed.
750+ score recommended for lowest interest rate tier.
Estimated EMI for Bank of India Home Loan at 7.10% p.a. interest rate:
| LOAN AMOUNT | TENURE (YEARS) | INTEREST RATE | ESTIMATED MONTHLY EMI |
|---|---|---|---|
| ₹30 Lakh | 20 Years | 7.10% p.a. | ₹25,845 / month |
| ₹50 Lakh | 20 Years | 7.10% p.a. | ₹43,075 / month |
| ₹1.0 Crore | 20 Years | 7.10% p.a. | ₹86,150 / month |
About Bank of India home loans via Cred Source: