Bank of India (BOI) is offering housing loans for their customers under the scheme Star Home Loan, The loan is provided very quickly in speedy process and also comes with reasonable margin and nominal processing charges.
The Bank of India Provides home loan to purchase a Plot for construction of a House, to purchase / construct house / flat, as well as for renovation / repair / alteration / addition to house / flat, furnishing of house.
Interest Rates: The loan is available at very competitive rates of interest, currently available in the industry.
Loan Amount: Maximum home loan amount is Rs.30 lacs.
Repayment: The repayment ranges upto 20 years.
Bank of India Star Home Loan Features, Benfits & Advantages:
- Option for different EMI amounts for different periods during tenure of loan to suit customers repayment capacity.
- Prepayment of Loan permitted
- Interest is calculated on daily balance basis which is of great advantage to customer as it results in lower interest amount.
- Loan to NRIs as well as Persons of Indian Origin.
- Simplified application form/procedures for convenience of customers, and speedy approvals.
- Free Personal Accident Insurance cover
- Life Insurance Cover to borrowers for Loan Protection(optional)
