Bank of India (BOI) Home Loan

Note: The rates mentioned above are as of September 2026 and are subject to change at the discretion of bank.

Check with the bank to know if fixed-rate packages are available for you. Apart from the above, you may have to pay certain additional fees and charges, such as CERSAI fees and delay in filing of records. More details are available on our home loan processing charges page.

BOI Home Loan Interest Rates

BOI housing loan interest rates are linked to the Repo Based Lending Rate (RBLR) as well as the individual's CIBIL Score. The RBLR currently stands at 8.10%. If your credit score is low, you may have to pay higher interest rates. There is no concession for women borrowers in the 760+ CIBIL score category. However, for CIBIL scores below 760, women borrowers are given a concession of 0.05%.

Bank of India Home Loan Schemes

Bank of India (BOI) offers housing loans with attractive features and benefits with interest rates starting from 7.10% p.a. Loan tenures of up to 30 years, easy repayment options, and low processing fees starting from 0.25% of the loan amount, are features that make their home loans affordable. BOI home loans are also known for their simplified application process, excellent customer service, and fast approvals.

The four main housing loans offered by Bank of India are BOI Star Home Loan, Star Diamond Home Loan, BOI Star Smart Home Loan, and Star Pravasi Home Loan. From time to time, the bank offers discounts on home loan interest rates and processing fees during the festive season.

• BOI Star Home Loan* BOI charges 75% of the processing fees charged for individual applicants for rural applicants.**Interest rate is applicable for salaried individuals/professionals/self-employed persons/corporates/NRIs/PIOs/partnership firms/HUF/proprietor firm applicants.
  • Interest Rate: 7.10%  p.a. onwards
  • Processing Fees: 0.25% of the loan amount (Min. Rs.1,500; Max. Rs.20,000) and 0.50% of the loan amount (Min. Rs.3,000; Max. Rs.40,000)
  • Free personal accident insurance cover.
  • Housing loans up to Rs.3 crore available for applicants of selected cities.
  • 0.5% concession on interest rates for women borrowers.
  • Bank of India's official Star Home Loan page confirms this free personal accident insurance cover extends up to Rs.5 crore, at no additional cost to the borrower. 
• BOI Star Diamond Home Loan* BOI charges 75% of the processing fees charged for individual applicants for rural applicants.**Interest rate is applicable for high net worth individuals/firms/corporates
  • Interest Rate: 7.10% p.a.
  • Processing Fees: 0.35% of the loan amount (Min. Rs.1,500; Max. Rs.35,000) for individual applicants and 0.50% of the loan amount (Min. Rs.3,000; Max. Rs.40,000) for other applicants
  • Available for loan amounts above Rs.7.5 crore.
  • Can be availed by individuals/firms/corporates with average minimum gross income of Rs.1 crore.
  • Available for applicants from select cities (New Delhi, Hyderabad, Pune, Bangalore, Chennai, etc.).
• BOI Star Smart Home Loan*BOI charges 75% of the processing fees charged for individual applicants for rural applicants.**Interest rate is applicable for existing BOI savings bank account or current deposit customer or those who are willing to open an SB/CD/salary account with BOI
  • Interest Rate: 7.10% p.a.
  • Processing Fees: 0.35% of the loan amount (Min.Rs.1,500; Max. Rs.35,000) 0.50% of the loan amount (Min.Rs.3,000; Max. Rs.40,000)
  • Available for existing BOI savings account or current deposit customers.
  • Available for new customers who open a new savings account/current deposit account.
  • Minimum home loan for salaried at Rs.5 lakh and Rs.10 lakh for others.
• Star Pravasi Home Loan*All processing fees mentioned are excluding registration costs, stamp duty charges, etc*Can be availed by NRIS or PIOs.
  • Interest Rate: 7.65% p.a.
  • Processing Fees: 0.50% of the loan amount (Min.Rs.3,000; Max. Rs.40,000) and 0.25% of the loan amount (Min.Rs.1,500; Max. Rs.20,000)
  • Available for NRIs with valid passport and Persons of Indian Origin (PIOs).
  • Loan amount of up to Rs.5 crore to buy or construct a house/flat in select cities.
  • Repayment tenure of up to 30 years.
  • Bank of India also offers the Star Top Up Loan, which lets existing home loan borrowers access additional funds against their property at the same interest rate as the base home loan, and Star Home Loan – Furnishing, which finances the furnishing of a new home. Both schemes are listed in the interest rate table above. 

Bank of India Home Loan Calculator

Before you avail a home loan, it is very important to know the EMI you will end up paying. This will help you plan your money better. You can use the Home Loan EMI Calculator available on BankBazaar to ascertain your future mortgage EMIs. This is a free tool which will help you understand how much money you should set aside every month to pay your mortgage.

To calculate the home loan EMI amount, you will be required to enter basic loan-related information such as the principal loan amount, the applicable interest rate, the loan tenure, and the processing fee charged.

The BankBazaar Home Loan EMI Calculator will also allow you to enter any prepayments you are planning to make and the frequency of such payments to give you accurate results.

Once you enter the required details and the EMI amount is generated, you will also be able to see the amortisation table. This table will give you a break-up of how your EMI amount will be posted towards the principal and interest on your loan. If you make any prepayments, this table will help you understand your overall interest savings. You can understand your loan repayment schedule payment better using this table.

Bank of India Home Loan Eligibility Criteria

The eligibility requirements for BOI home loans differ from one loan to another. The bank offers various housing finance schemes for salaried individuals, non-salaried individuals, NRIs, PIOs, individuals with high net worth, firms, corporates, etc.

Get in touch with the bank for more information.

Across Bank of India's Star Home Loan and Star Pravasi Home Loan schemes, applicants must be at least 18 years old, with the loan required to be repaid before the applicant turns 70. 

Documents Required for All Home Loan Applicants

The list of documents required to avail a BOI home loan will be communicated to you by the bank when you make an enquiry or submit your application. However, many lenders require the below-mentioned documents to process a housing loan application:

Identity proof (Any one from the list)

• PAN Card
• Driving Licence
• Voter ID
• Passport
• Aadhaar Card

Proof of Residence (Any one from the list)

• Aadhaar Card
• Passport
• Driving Licence
• Election ID
• Utility bills

Proof of income (For salaried applicants)

• Recent salary slips
• Recent bank account statement/passbook

Proof of income (for self-employed applicants)

• IT Returns
• Profit and Loss Statement
• Audited Balance Sheet

Property documents

• Sales deed
• No Objection Certificate (NOC)
• Sale agreement
• Registration documents

Bank of India Pradhan Mantri Awas Yojana

BOI offers home loans for eligible applicants under the Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri Awas Yojana (PMAY). This scheme aims to make housing affordable in India by offering an interest subsidy for eligible applicants. The beneficiaries are classified into the following groups:

• Economically Weaker Section (EWS)
• Low Income Group (LIG)
• Middle Income Group (MIG -I & MIG - II)

• Note: The PMAY Credit Linked Subsidy Scheme (CLSS), which previously offered interest subsidies of 3% to 6.50%, ended on 31 March 2024. PMAY 2.0 (launched August 2024) focuses on direct benefit transfer and does not include a CLSS component. Please contact the bank for current PMAY benefits available.

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