{"id":450,"date":"2020-11-16T05:31:22","date_gmt":"2020-11-16T05:31:22","guid":{"rendered":"https:\/\/www.loanfasttrack.com\/blog\/?p=450"},"modified":"2020-11-28T10:23:17","modified_gmt":"2020-11-28T10:23:17","slug":"bank-of-india-boi-home-loan","status":"publish","type":"post","link":"https:\/\/www.loanfasttrack.com\/blog\/blog\/home-loan\/bank-of-india-boi-home-loan\/","title":{"rendered":"BANK OF INDIA (BOI) HOME LOAN"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/bank-of-india-boi-home-loan-1024x576.jpg\" alt=\"BOI Home Loan\" class=\"wp-image-457\" srcset=\"https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/bank-of-india-boi-home-loan-1024x576.jpg 1024w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/bank-of-india-boi-home-loan-300x169.jpg 300w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/bank-of-india-boi-home-loan-768x432.jpg 768w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/bank-of-india-boi-home-loan-800x450.jpg 800w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/bank-of-india-boi-home-loan.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<table class=\"wp-block-table has-subtle-pale-pink-background-color has-background\"><tbody><tr><td>   <strong><em>Bank Of India offers home loans to eligible borrowers with EMIs starting from \u20b9655 per lac.   Interest rates start from 6.85% p.a. overextended loan tenures up to 30   years with processing fees starting from 0.25% of the loan amount.<\/em><\/strong>   <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Features Of Bank Of India Housing\nLoan<\/strong>:<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>BOI is the lowest interest\nrate home loan provider.<\/li><li>BOI home loan interest rates\n2020 starts from 6.85% p.a.<\/li><li>Lowest per lac EMI of\nRs.655\/-<\/li><li>Longer repayment tenure\navailable for 30 years.<\/li><li>BOI housing loan interest is\ncalculated on daily reducing balance.<\/li><li>Discounted interest rates for\nwomen borrowers.<\/li><li>BOI bank home loans are also\navailable for NRIs.<\/li><li>No administrative charges.<\/li><li>Nil prepayment charges for\nfloating interest rates. <\/li><li>Free personal accident\ninsurance cover.<\/li><li>PMAY credit linked subsidy\nschemes available with subsidy upto Rs.2.67 lakhs.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Current Home Loan Interest Rates BOI\n2020 Chart <\/strong>&nbsp;<\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>CIBIL Score<\/strong>\n  <\/td><td>\n  <strong>Salaried Borrowers<\/strong>\n  <\/td><td>\n  <strong>Self-Employed Borrowers<\/strong>\n  <\/td><\/tr><tr><td>\n  &nbsp;\n  <\/td><td>\n  <strong>Womens<\/strong>\n  <\/td><td>\n  <strong>Others<\/strong>\n  <\/td><td>\n  <strong>Womens<\/strong>\n  <\/td><td>\n  <strong>Others<\/strong>\n  <\/td><\/tr><tr><td>\n  760 &amp; Above\n  <\/td><td>\n  6.85% p.a.\n  <\/td><td>\n  6.85% p.a.\n  <\/td><td>\n  6.85% p.a.\n  <\/td><td>\n  6.85% p.a.\n  <\/td><\/tr><tr><td>\n  Between 725 &#8211;\n  759\n  <\/td><td>\n  7.% p.a.\n  <\/td><td>\n  7.05% p.a.\n  <\/td><td>\n  7.10% p.a.\n  <\/td><td>\n  7.15% p.a.\n  <\/td><\/tr><tr><td>\n  Between 675 &#8211;\n  724\n  <\/td><td>\n  7.10% p.a.\n  <\/td><td>\n  7.15% p.a.\n  <\/td><td>\n  7.70% p.a.\n  <\/td><td>\n  7.75% p.a.\n  <\/td><\/tr><tr><td>\n  For CIBIL Score\n  of -1 &amp; 0\n  <\/td><td>\n  7.% p.a.\n  <\/td><td>\n  7.05% p.a.\n  <\/td><td>\n  7.10% p.a.\n  <\/td><td>\n  7.15% p.a.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p><strong><em>Note:\n&nbsp;&nbsp; (i) Interest rates are subject to\nchange without prior notice.<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>(ii) Interest rates applicable only for\nStar Home Loan\/Star Smart Home Loan\/Star Diamond Home Loan <\/em><\/strong><\/p>\n\n\n\n<p><strong><em>(iii) Interest rates are based on CIBIL\nscores of the borrowers.<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>(iii) 0.50% additional BOI housing loan\ninterest rates for CRE-RH home loans i.e. for borrowers who own multiple\nproperties i.e. 2 or more. <\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/cibil-and-its-significance-in-home-loan\/\"><strong>Click to understand the significance of CIBIL in home loan<\/strong><\/a><strong> &amp; <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-how-your-home-loan-inquiry-impacts-your-cibil-scores\/\"><strong>to know how your home loan inquiry can impact your CIBIL score<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>BOI Bank Home Loan Interest Rates For\nVarious Home Loan Schemes<\/strong><\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  BOI Star Home Loan\n  <\/td><td>\n  6.85% p.a. &#8211; 7.75% p.a.\n  <\/td><\/tr><tr><td>\n  BOI Star Smart Home Loan\n  <\/td><td>\n  6.85% p.a. &#8211; 7.75% p.a.\n  <\/td><\/tr><tr><td>\n  BOI Star Diamond Home Loan \n  <\/td><td>\n  6.85% p.a. &#8211; 7.75% p.a.\n  <\/td><\/tr><tr><td>\n  BOI\n  Star Top Up Loan\n  <\/td><td>\n  7.35% p.a &#8211; 8.25% p.a.&nbsp; \n  <\/td><\/tr><tr><td>\n  BOI\n  Star Pravasi Home Loan\n  <\/td><td>\n  6.90% p.a. &#8211; 6.95% p.a.\n  <\/td><\/tr><tr><td>\n  BOI\n  Earnest Money Deposit (EMD) Scheme\n  <\/td><td>\n  6.85% p.a. &#8211; 11.85% p.a.\n  <\/td><\/tr><tr><td>\n  Pradhan\n  Mantri Awas Yojana (PMAY)\n  <\/td><td>\n  6.85% p.a.\n  <\/td><\/tr><tr><td>\n  BOI\n  Star Loan Against Property\n  <\/td><td>\n  8.85% p.a. &#8211; 9.35% p.a.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>BOI Home Loan Details<\/strong><\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  Eligible Profile\n  <\/td><td>\n  Salaried, Self-Employed Professionals,\n  Self-Employed Non-Professionals, Corporates (Proprietorship Firm, Partnership\n  Firm, Private Ltd. Company), NRIs, PIOs &amp; HUFs.\n  <\/td><\/tr><tr><td>\n  Age Criteria\n  <\/td><td>\n  Minimum 21 years &amp; maximum 70 years.\n  <\/td><\/tr><tr><td>\n  Loan Amount \n  <\/td><td>\n  Maximum up-to Rs.5 Crores.\n  <\/td><\/tr><tr><td>\n  Repayment Tenure\n  <\/td><td>\n  Maximum up-to 30 years.\n  <\/td><\/tr><tr><td>\n  Loan Funding\n  <\/td><td>\n  Maximum up-to 85%* of the market value of\n  the property.\n  <\/td><\/tr><tr><td>\n  Types Of BOI Home Loan\n  <\/td><td>\n  BOI\n  Plot Loan, BOI Home Improvement Loan, BOI Plot Plus Construction Loan, BOI <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\">Home Loan<\/a>, BOI <a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\">Home Loan Balance\n  Transfer<\/a>, BOI <a href=\"https:\/\/www.loanfasttrack.com\/Apply-now.html\">Top Up Loan<\/a>, BOI <a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\">Home Repairs &amp; Renovation Loan<\/a>, BOI <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\">Loan Against Property<\/a>.\n  <\/td><\/tr><tr><td>\n  BOI Home Loan Interest Rates \n  <\/td><td>\n  Starts\n  from 6.85% p.a.\n  (Discounted\n  interest rates for womens)\n  <\/td><\/tr><tr><td>\n  BOI Per Lac EMI\n  <\/td><td>\n  Starts\n  from Rs.655\/-\n  (Rs.655\/-\n  is the per lakh EMI calculated @ of 6.85% p.a. for 30 years)\n  <\/td><\/tr><tr><td>\n  Rate Package Available\n  <\/td><td>\n  Floating\n  &amp; Fixed interest rate.\n  <\/td><\/tr><tr><td>\n  BOI <a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\">Home Loan<\/a> Processing Fees\n  <\/td><td>\n  For\n  individuals 0.25% of the loan amount + applicable GST \n  (Minimum\n  Rs.1,500\/- &amp; Maximum Rs.20,000\/-)\n  &nbsp;\n  For\n  Partnership Firms &amp; Corporates &#8211; 0.50% of the loan amount + applicable\n  GST \n  (Minimum\n  Rs.3,000\/- &amp; Maximum Rs.40,000\/-)\n  &nbsp;\n  (<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/must-know-all-costs-in-home-loan\/\">Read to know the\n  complete list of charges on home loans- CLICK<\/a>)\n  <\/td><\/tr><tr><td>\n  Prepayment Charges\n  <\/td><td>\n  Floating\n  interest rates &#8211; Nil.\n  Fixed\n  interest rates- 0.65% &#8211; 2.25% of the outstanding balance.\n  <\/td><\/tr><tr><td>\n  BOI Home Loan Schemes Available\n  <\/td><td>\n  BOI\n  Star Home Loan, BOI Star Smart Home Loan, BOI Star Diamond Home Loan, BOI\n  Star Pravasi Home Loan, BOI Earnest Money Deposit (EMD) Scheme, Pradhan\n  Mantri Awas Yojana (PMAY), BOI Star Loan Against Property.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>BOI Home Loan Calculator<\/strong><\/h3>\n\n\n\n<p>Use\nLoanfasttrack\u2019s BOI <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-emi-calculator\/\">Home Loan EMI\ncalculator<\/a> to calculate your EMI outgo.It&nbsp; is\na hassle free simple generic calculator which gives you accurate estimates of\nthe EMI for various loan amounts as well as the loan tenures. The calculator\nalso displays the total interest payable for the said home loan tenure.<\/p>\n\n\n\n<p>Simply\nenter 3 variables to get the desired EMI amount i.e. the loan amount, <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\">home loan<\/a> rate of interest &amp; loan\ntenure.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-1-1024x571.png\" alt=\"\" class=\"wp-image-451\" srcset=\"https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-1-1024x571.png 1024w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-1-300x167.png 300w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-1-768x428.png 768w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-1-800x446.png 800w, https:\/\/www.loanfasttrack.com\/blog\/wp-content\/uploads\/2020\/11\/EMI-Calculator-1.png 1171w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.loanfasttrack.com\/emi-calculator.html\"><\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>EMI Amortization Chart<\/strong><\/h3>\n\n\n\n<p>An\namortization chart provides details on periodic loan repayments compromising\nthe principal &amp; the interest amount until the loan is repaid. While each\nmonthly payment remains the same, the payment is made up of parts that vary\nover time. The amortization schedule determines the percentage of EMI outgo\ntowards the interest component versus principal component. <\/p>\n\n\n\n<p><strong>Home Loan Amortization Chart For\nRs.30 Lakhs Housing Loan For 20 Years<\/strong><\/p>\n\n\n\n<p>(Assuming\nyour loan is disbursed in the month of October @ 6.85% p.a.) <\/p>\n\n\n\n<p><strong>Yearly Chart <\/strong><\/p>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <strong>Year<\/strong>\n  <\/td><td>\n  <strong>Total EMI <\/strong>\n  <\/td><td>\n  <strong>Principal<\/strong>\n  <\/td><td>\n  <strong>Interest <\/strong>\n  <\/td><td>\n  <strong>Balance <\/strong>\n  <\/td><\/tr><tr><td>\n  2020\n  <\/td><td>\n  68,970\n  <\/td><td>\n  17,695\n  <\/td><td>\n  51,275\n  <\/td><td>\n  29,82,306\n  <\/td><\/tr><tr><td>\n  2021\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  73,879\n  <\/td><td>\n  2,02,001\n  <\/td><td>\n  29,08,427\n  <\/td><\/tr><tr><td>\n  2022\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  79,099\n  <\/td><td>\n  1,96,781\n  <\/td><td>\n  28,29,326\n  <\/td><\/tr><tr><td>\n  2023\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  84,692\n  <\/td><td>\n  1,91,188\n  <\/td><td>\n  27,44,633\n  <\/td><\/tr><tr><td>\n  2024\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  90,678\n  <\/td><td>\n  1,85,202\n  <\/td><td>\n  26,53,953\n  <\/td><\/tr><tr><td>\n  2025\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  97,091\n  <\/td><td>\n  1,78,789\n  <\/td><td>\n  25,56,863\n  <\/td><\/tr><tr><td>\n  2026\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,03,954\n  <\/td><td>\n  1,71,926\n  <\/td><td>\n  24,52,909\n  <\/td><\/tr><tr><td>\n  2027\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,11,303\n  <\/td><td>\n  1,64,577\n  <\/td><td>\n  23,41,606\n  <\/td><\/tr><tr><td>\n  2028\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,19,172\n  <\/td><td>\n  1,56,708\n  <\/td><td>\n  22,22,436\n  <\/td><\/tr><tr><td>\n  2029\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,27,595\n  <\/td><td>\n  1,48,285\n  <\/td><td>\n  20,94,840\n  <\/td><\/tr><tr><td>\n  2030\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,36,617\n  <\/td><td>\n  1,39,263\n  <\/td><td>\n  19,58,225\n  <\/td><\/tr><tr><td>\n  2031\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,46,273\n  <\/td><td>\n  1,29,607\n  <\/td><td>\n  18,11,952\n  <\/td><\/tr><tr><td>\n  2032\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,56,613\n  <\/td><td>\n  1,19,267\n  <\/td><td>\n  16,55,339\n  <\/td><\/tr><tr><td>\n  2033\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,67,683\n  <\/td><td>\n  1,08,197\n  <\/td><td>\n  14,87,655\n  <\/td><\/tr><tr><td>\n  2034\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,79,538\n  <\/td><td>\n  96,342\n  <\/td><td>\n  13,08,117\n  <\/td><\/tr><tr><td>\n  2035\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  1,92,230\n  <\/td><td>\n  83,650\n  <\/td><td>\n  11,15,886\n  <\/td><\/tr><tr><td>\n  2036\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  2,05,820\n  <\/td><td>\n  70,060\n  <\/td><td>\n  9,10,067\n  <\/td><\/tr><tr><td>\n  2037\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  2,20,368\n  <\/td><td>\n  55,512\n  <\/td><td>\n  6,89,698\n  <\/td><\/tr><tr><td>\n  2038\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  2,35,949\n  <\/td><td>\n  39,931\n  <\/td><td>\n  4,53,750\n  <\/td><\/tr><tr><td>\n  2039\n  <\/td><td>\n  2,75,880\n  <\/td><td>\n  2,52,627\n  <\/td><td>\n  23,253\n  <\/td><td>\n  2,01,123\n  <\/td><\/tr><tr><td>\n  2040\n  <\/td><td>\n  2,06,910\n  <\/td><td>\n  2,01,123\n  <\/td><td>\n  5,787\n  <\/td><td>\n  0\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>BOI\nHome Loan Schemes<\/p>\n\n\n\n<p><strong>1) BOI Bank Home Loan<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Available for purchasing a plot, for construction of a house on plot, purchasing a resale\/ready to move\/<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/mportant-loan-facts\/\">under-construction property<\/a> and also for repairs\/renovation\/alteration\/addition of the house. (<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-builder-case-resale-case\/\">Click to know the difference in home loan for resale &amp; builder case<\/a>)<\/li><li>Available for all salaried, self-employed, self-employed professionals, Corporates (Proprietorship Firm, Partnership Firm, Private Ltd. Company), NRIs, PIOs &amp; HUFs from 21 years to 70 years.<\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\">Home loan balance transfer<\/a> available. (<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-lowest-rate-for-6-95p-a\/\">Get complete knowledge on home loan balance transfer-CLICK<\/a>) <br><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-transfer-details\/\">Compare home loan transfer details of BOI with other leading banks<\/a>.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Maximum loan amount of Rs.5 Crores.<\/li><li>Additional 15% of the home loan amount maximum up-to Rs.5 Lakhs can be availed for furnishing the house which will be available at the same BOI home loan rate with the maximum repayment tenure of 10 years. <\/li><li>Loans for the installation of the solar PVs are also available at the BOI housing loan rate of interest. <\/li><li>LTV funding:<br>* 80% on the agreement value\/ cost of the property (excluding stamp duty, registration and other documentation charges) for loan amount below Rs.75 Lakhs.<br>* 75% on the agreement value\/ cost of the property (excluding stamp duty, registration and other documentation charges) for loan amount above Rs.75 Lakhs.<\/li><li>BOI <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/what-do-you-mean-by-loan-eligibility-in-home-loan\/\">home loan eligibility<\/a> will be calculated as lower of the two.<\/li><\/ul>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  For Salaried Home Borrowers\n  <\/td><td>\n  72 times of gross monthly salary or 6 times\n  of gross annual income based on IT returns.\n  <\/td><\/tr><tr><td>\n  For Self-Employed Home Borrowers\n  <\/td><td>\n  6 times of Gross annual income based on IT\n  returns.\n  <\/td><\/tr><tr><td>\n  For HUF\/Proprietorship \/Partnership Firm\/\n  Pvt. Ltd. Company\n  <\/td><td>\n  6 times of cash accruals (Profit after tax +\n  depreciation) as per Balance Sheet\/P&amp;L Account.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>or<\/p>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  &nbsp;\n  For Salaried Home Borrowers\n  <\/td><td>\n  Net Take Home Pay\n  (NTH):- \n  <\/td><td><\/td><\/tr><tr><td>\n  <strong>Gross\n  Monthly Income<\/strong>\n  &nbsp;\n  Up-to Rs.1 Lakh Rs.1 Lakh &#8211; Rs.5 LakhAbove Rs.5 Lakhs\n  \n  \n  <\/td><td>\n  <strong>&nbsp;NTH<\/strong>\n  <strong>&nbsp;<\/strong>\n  <strong>&nbsp;<\/strong>\n  40% <strong>&nbsp;<\/strong>\n  30%\n  <strong>&nbsp;<\/strong>\n  25%\n  <\/td><td>\n  <strong>FOIR\n  (Fixed Obligation Against Income Ratio)<\/strong>\n  &nbsp;\n  60%\n  70%\n  &nbsp;\n  75%\n  <\/td><td><\/td><\/tr><tr><td>\n  For Self-Employed Home Borrowers\n  <\/td><td><\/td><\/tr><tr><td>\n  For HUF\/Proprietorship \/Partnership Firm\/\n  Pvt. Ltd. Company\n  <\/td><td>\n  Minimum 1.5 DSCR (Debt-service Coverage\n  Ratio).\n  <\/td><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<ul class=\"wp-block-list\"><li>For the borrowers purchasing the 2nd house, notional rental income from the property can be considered for higher home loan eligibility.<\/li><li>BOI star home loan interest rates range from 6.85% p.a. To 7.75% p.a.<\/li><li>Home loan interest rate in BOI is charged on daily reducing balance.<\/li><li>BOI home loan processing fee <br>&#8211; For salaried\/self-employed proprietor\/ self-employed professional &#8211; 0.25% of the loan amount plus applicable GST subject to minimum of Rs.1,500\/- and maximum of Rs.20,000\/- <br>&#8211; For Partnership Firm &amp; Pvt. Ltd. Comp &#8211; 0.50% of the loan amount plus applicable GST subject to minimum of Rs.3,000\/- and maximum of Rs.40,000\/-<\/li><li>Nil prepayment charges on floating BOI house loan interest rate. <\/li><li>Step-up &amp; Step-down EMI facility available.<\/li><li>Free personal accident insurance cover.<br><\/li><\/ul>\n\n\n\n<p>\n\nCompare BOI Home Loan With <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-icici-bank-home-loans\/\">ICICI Bank Home Loan<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-hdfc-ltd-home-loan\/\">HDFC Ltd. Home Loan<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/canara-bank-home-loan\/\">Canara Bank Home Loan<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/sbi-home-loan\/\">SBI Home Loan<\/a> &amp; <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/axis-bank-home-loan\/\">Axis Bank Home Loan<\/a>.\n\n<\/p>\n\n\n\n<p><strong><em>For the latest BOI Home Loan, Home Loan Transfer interest rates &amp; processing fees offer call on 9321020476 or login to<\/em><\/strong><strong><em> <\/em><\/strong><a href=\"https:\/\/www.loanfasttrack.com\/index.html\"><strong><em>Loanfasttrack<\/em><\/strong><\/a><strong><em>.<\/em><\/strong><\/p>\n\n\n\n<p><strong>2) BOI Star Smart Home Loan<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is an overdraft home loan scheme of BOI which provides interest relief without compromising the liquidity.<\/li><li>Eligible profiles from 21 years to 70 year:|<br>&#8211; BOI\u2019s existing saving account customers or current deposit customers who have maintained an average balance of Rs.5000\/- for the last 1 year.<br>&#8211; BOI\u2019s new customer who opens a saving account or current deposit account with them with an opening balance of Rs.5000\/-<br>&#8211; Salaried customers having salary accounts with BOI.<br>&#8211; Self-employed &amp; self-employed professional with uninterrupted flow of income.<\/li><li>Minimum loan amount is Rs.5 Lakhs for salaried &amp; for others is Rs.10 Lakhs.<\/li><li>Maximum loan amount:<br>&#8211; For construction\/purchase of home &#8211; Rs.5 Crores.<br>&#8211; For repairs, renovation &amp; extension of home &#8211; Rs.50 Lakhs.<br>&#8211; For plot purchase &#8211; Rs.3 Crores. (Read: <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/everything-you-must-know-before-purchasing-a-land-availing-the-land-loans\/\"><strong>Everything You Must Know Before Purchasing A Land &amp; Availing The Land Loans<\/strong><\/a>)<br>&#8211; For home furnishing &#8211; Rs.5 Lakhs.<\/li><li>Longer repayment tenures up-to 30 years.<\/li><li>BOI rate of interest home loan for Star smart overdraft scheme range from 6.85% p.a &#8211; 7.75% p.a.<\/li><li>Interest is charged on daily reducing balance.<\/li><li>Processing fees 0.25% of the loan amount + applicable GST (Min Rs.1,500\/- &amp; Maxi Rs.20,000\/-) &#8211; for individuals &amp;<\/li><\/ul>\n\n\n\n<p>0.50% of the loan amount + applicable GST (Min\nRs.3,000\/- &amp; Max Rs.40,000\/-) &#8211; for Partnership Firms &amp; Corporates.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The surplus amount in\nsavings\/current deposit account automatically gets transferred to the home loan\naccount thus reducing the interest burden.<\/li><li>Drawing limit and sanction\nlimit is simultaneously reduced on every repayment of EMI.<\/li><li>Provides cheque book, debit\ncard, mobile banking and online banking facility to the borrowers who wish to\nmanage their saving\u2019s account while dealing with the home loan.<\/li><li>Loan funding of 80%.<\/li><li>Nil prepayment charges on\nfloating interest rate home loan.<\/li><\/ul>\n\n\n\n<p><strong>Compare BOI\u2019s Star Smart Home Loan with <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/sbi-home-loan\/\"><strong>SBI\u2019s Maxgain Product<\/strong><\/a><strong>,<\/strong><a href=\"https:\/\/drive.google.com\/open?id=1H7VBzrBHYpyfOjqTee0-66hRyVWg61NOxB6JlrpEAuc\"><strong> <\/strong><\/a><strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/axis-bank-home-loan\/\">Axis Bank Super Saver Home Loan<\/a> &amp; <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/?s=why+choose+icici+bank\"><strong>ICICI Bank Home Overdraft Product<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<p><strong>3) BOI Star Diamond Home Loan<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Available for all <strong>high net worth <\/strong>salaried, self-employed,\nself-employed professionals, firms\/ corporates for residential accommodation of\ntheir partners\/directors from 21 years to 70 years, only for cities of Mumbai,\nPune, Ahmedabad, Delhi, Chennai, Kolkata, Bangalore, &amp; Hyderabad. <\/li><li>High net worth = individuals\n&amp; firms\/corporates with average minimum\ngross income of Rs.1 Crore and above as per the audited balance sheets for the\nlast 3 years.<\/li><li>Maximum loan amount available\nis Rs.5 Crores.<\/li><li>Funding of 75% on the cost of\nthe property \/ agreement value.<\/li><li>Minimum income for\nindividuals is 25% of the gross income &amp; minimum 1.5 DSCR (Debt-service\nCoverage Ratio) for firms\/ corporates.<\/li><li>Maximum loan tenure of up-to\n30 years.<\/li><li>Interest rates range from\n6.85% p.a. &#8211; 7.75% p.a.<\/li><li>Interest is charged on daily\nreducing balance.<\/li><li>Step-up &amp; Step-down EMI\nfacility available.<\/li><li>One-time processing fees of\nRs.50,000\/- plus applicable GST.<\/li><li>Nil prepayment charges on\nfloating interest rate home loan.<\/li><\/ul>\n\n\n\n<p><strong>4) BOI Star Top Up Loan<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Available only for existing loan borrowers (salaried, self-employed and self-employed professional) from 21 years to 70 years with good repayment track records of minimum 24 months.<\/li><li>BOI loan top up amount can be used for any business or personal purposes except the speculative purposes. <\/li><li>Minimum loan amount is Rs.2 Lakhs and maximum loan amount should not exceed 75% of the market value of the property inclusive of the existing outstanding home loan amount. <\/li><li>Repayment tenure of maximum 12 years for BOI <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\">top up loan<\/a> on home loan.<\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/top-up-loans-loanfasttrack\/\">Top up loan<\/a> BOI interest rates range from 7.35% p.a. &#8211; 8.25% p.a. <\/li><li>Processing fees 0.25% of the loan amount + applicable GST (Min Rs.1,500\/- &amp; Maxi Rs.20,000\/-) &#8211; for individuals &amp; 0.50% of the loan amount + applicable GST (Min Rs.3,000\/- &amp; Max Rs.40,000\/-) &#8211; for Partnership Firms &amp; Corporates.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Nil prepayment charges on\nfloating interest rate home loan.<\/li><li>Click to know the detailed <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/document-checklist-for-top-up-for-salaried-customers\/\">list of documents\nrequired for applying top up loan for salaried loan borrowers.<\/a><\/li><\/ul>\n\n\n\n<p>Compare\nBOI Star Top Up Loan with <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/icici-bank-home-loan-top-up\/\">ICICI Bank home loan\ntop up.<\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>5) BOI Star Pravasi Home Loan<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is an <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/everything-you-must-about-nri-home-loans\/\">NRI Home Loan<\/a> available for NRI, PIO (Person of Indian origin), OCI (Overseas Citizen of India) &amp; Merchant Navy employees having steady flow of income and holding valid passports for construction\/purchase of home, for repairs, renovation &amp; extension of home, for purchase of plot for construction of home, for home furnishing and for <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-transfer-for-nri\/\">balance transfer of home loan<\/a> from other lender Banks\/NBFCs.<br>(Also Read: <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-transfer-requirements\/\">Home loan transfer requirements<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/benefits-of-home-loan-transfer\/\">Benefits of home loan transfer<\/a>)<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Minimum loan amount is Rs.1\nLakh &amp; maximum loan amount is Rs.5 Crores.<\/li><li>Longer repayment tenure of\nup-to 30 years.<\/li><li>Interest rate of <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/housing-loan-benefits-for-women-borrower-in-india\/\">home loan for women\nborrowers<\/a> is 6.90% p.a. and for others is 6.95% p.a.<\/li><li>Interest is charged on daily\nreducing balance.<\/li><li>Processing fees 0.25% of the\nloan amount (Min Rs.1,500\/- &amp; Maxi Rs.20,000\/-) &amp; 0.50% of the loan\namount (Min Rs.3,000\/- &amp; Max Rs.40,000\/-) + applicable GST.<\/li><li>Home loan eligibility:<\/li><\/ul>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  For Salaried Home Borrowers\n  <\/td><td>\n  72 times of gross monthly salary or 6 times\n  of gross annual income based on IT returns.\n  <\/td><\/tr><tr><td>\n  For Self-Employed Home Borrowers\n  <\/td><td>\n  6 times of Gross annual income based on IT returns.\n  <\/td><\/tr><tr><td>\n  For HUF\/Proprietorship \/Partnership Firm\/\n  Pvt. Ltd. Company\n  <\/td><td>\n  6 times of cash accruals (Profit after tax +\n  depreciation) as per Balance Sheet\/P&amp;L Account.\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<ul class=\"wp-block-list\"><li>Net take home pay (NTH)\/\nDSCR:<\/li><\/ul>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  &nbsp;\n  For Salaried Home Borrowers\n  <\/td><td>\n  Net Take Home Pay\n  (NTH): &#8211; \n  <\/td><td><\/td><\/tr><tr><td>\n  <strong>Gross\n  Monthly Income<\/strong>\n  &nbsp;\n  Up-to Rs.1 Lakh Rs.1 Lakh &#8211; Rs.5 LakhAbove Rs.5 Lakhs\n  \n  \n  <\/td><td>\n  <strong>&nbsp;NTH<\/strong>\n  <strong>&nbsp;<\/strong>\n  <strong>&nbsp;<\/strong>\n  40% <strong>&nbsp;<\/strong>\n  30%\n  <strong>&nbsp;<\/strong>\n  25%\n  <\/td><td>\n  <strong>FOIR\n  (Fixed Obligation Against Income Ratio)<\/strong>\n  &nbsp;\n  60%\n  70%\n  &nbsp;\n  75%\n  <\/td><td><\/td><\/tr><tr><td>\n  For Self-Employed Home Borrowers\n  <\/td><td><\/td><\/tr><tr><td>\n  For HUF\/Proprietorship \/Partnership Firm\/\n  Pvt. Ltd. Company\n  <\/td><td>\n  Minimum 1.5 DSCR (Debt-service Coverage\n  Ratio).\n  <\/td><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<ul class=\"wp-block-list\"><li>Nil prepayment charges on\nfloating BOI house loan interest rate. <\/li><li>Step-up &amp; Step-down EMI\nfacility available.<\/li><li>Free personal accident\ninsurance cover for loan up-to Rs.5 Crores.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/nri-list-of-documents-for-applying-home-loan\/\">Click to get the\ncomplete list of documents required for NRI Home Loans.<\/a><\/p>\n\n\n\n<p><strong>6) BOI (EMD) Earnest Money Deposit\nScheme<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>EMD are short term loans available for all eligible borrowers with a minimum age of 21 years to finance them to pay the booking amount for the residences\/plots sold by the urban development authorities, housing boards and other government entities.<\/li><li>Maximum loan amount is Rs.10 Lakhs.<\/li><li>Loan Eligibility:<br>&#8211; For Salaried &#8211; Gross salary p.m. X 12 times.<br>&#8211; For others &#8211; Last year annual income as shown in the ITR.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Maximum funding of 90%\navailable.<\/li><li>Interest rates applicable are\n6.85% p.a. for loans below 1 year and for loans above 1 year 11.85% p.a. <\/li><li>Processing fees of Rs.500\/-\n(one time) per application.<\/li><li>No prepayment charges.<\/li><\/ul>\n\n\n\n<p>Click\nto find out <a href=\"https:\/\/www.loanfasttrack.com\/blog\/?s=builder+property\">the merits and demerits\nfor investing in resale &amp; builder property<\/a>. <\/p>\n\n\n\n<p><strong>7) Pradhan Mantri Awas Yojana (PMAY)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest subsidy on housing\nloans of 3% &#8211; 6.50% for all eligible borrowers (salaried\/self-employed\/NRI)\nfrom 21 years to 70 years having yearly income from Rs.3 Lakhs to Rs.18 Lakhs\n&amp; belonging to the EWS, LIG &amp; MIG segment for the purchase \/\nconstruction of their first house.<\/li><li>Maximum subsidy amount of up-to Rs.2.67 lakhs provided for\nthe borrower who does not own any pucca house in his name.<\/li><li>Maximum carpet areas of the house under PMAY scheme is up-to\n110 sq meter i.e. 1184 sq.ft.<\/li><li>Maximum income to avail the benefits of this scheme is\nmaximum up-to Rs.18 Lakhs p.a.<\/li><li>Longer repayment tenure up-to\n30 years with subsidy up-to 20 years of the loan tenure.<\/li><li>Interest rate applicable for all is 6.85% p.a.<\/li><li>Maximum loan amount eligible for the subsidy is up-to Rs.12\nLakhs.<\/li><li>Processing fees &#8211; nil up-to maximum loan amount eligible for\nsubsidy and above standard processing fees charges will be applicable which\nare- 0.25% of the loan amount (Min Rs.1,500\/- &amp; Maxi Rs.20,000\/-) &amp;\n0.50% of the loan amount (Min Rs.3,000\/- &amp; Max Rs.40,000\/-) + applicable\nGST.<\/li><li>Nil prepayment charges.<\/li><\/ul>\n\n\n\n<p><strong>8) BOI Star Loan Against Property\n(BOI Mortgage Loan)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Available for all salaried, self-employed, self-employed professionals, Corporates (Proprietorship Firm, Partnership Firm, Private Ltd. Company), NRIs, PIOs &amp; HUFs from 21 years to 70 years against the pledge of the property to fulfill their personal and professional needs.<\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/loan-against-property.html\">Mortgage loan<\/a> can also be availed in the form of overdraft facility. (CLICK to know more on <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-all-about-mortgage-overdraft-o-d\/\">mortgage overdraft<\/a> loans) <\/li><li>Maximum loan amount is Rs.5 Crores.<\/li><li>Maximum loan repayment tenure of up-to 15 years. <\/li><li>BOI <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\">mortgage loan interest rates<\/a> range from 8.85% p.a. &#8211; 9.35% p.a.<br>(<a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/loan-against-property-balance-transfer-lowest-interest-rates-in-india\/\">Check out mortgage loan balance transfer @ lowest interest rates in India<\/a>)<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Processing fees &#8211; maximum\nup-to Rs.20,000\/- plus applicable GST.<\/li><\/ul>\n\n\n\n<p>Compare BOI Star Loan Against Property with <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/icici-bank-loan-against-property-lap\/\">ICICI Bank\u2019s Loan\nAgainst Property.<\/a> <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Processing fees for overdraft\nmortgage loan:<\/li><\/ul>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  For Loan\n  Repayment By Instalment\n  <\/td><td>\n  For Mortgage OD\n  (Reducible)\n  <\/td><td>\n  For Mortgage OD\n  (Non-Reducible)\n  <\/td><\/tr><tr><td>\n  1% of the loan amount + applicable GST\n  <\/td><td>\n  For 1st Year:\n  0.5% of the loan amount + applicable GST\n  <\/td><td>\n  0.50% of the sanctioned amount \/reviewed\n  limit + applicable GST\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  (Minimum Rs.5,000\/- &amp; Maximum\n  Rs.50,000\/-)\n  <\/td><td>\n  (Minimum Rs.5,000\/- &amp; Maximum\n  Rs.30,000\/-)\n  <\/td><td>\n  (Minimum Rs.5,000\/- &amp; Maximum\n  Rs.30,000\/-on annual basis) \n  &nbsp;\n  <\/td><\/tr><tr><td>\n  &nbsp;\n  <\/td><td>\n  For Subsequent Years:\n  0.25% of the reviewed limit + applicable GST\n  <\/td><td>\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  &nbsp;\n  <\/td><td>\n  (Minimum Rs.2,500\/- &amp; Maximum\n  Rs.15,000\/-)\n  <\/td><td>\n  &nbsp;\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>Click\nto know the documents required for <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\">applying for a mortgage\nloan<\/a>\nfor <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/mortgage-loan-list-of-documents-for-salaried-customers\/\">salaried<\/a>, self employed &#8211; <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/mortgage-loan\/mortgage-loan-list-of-documents-for-self-employed-private-ltd-firm\/\">Pvt. Ltd Company<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/mortgage-loan\/mortgage-loan-list-of-documents-for-self-employed-partnership-firm\/\">Partnership firm<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/mortgage-loan\/mortgage-loan-list-of-documents-for-self-employed-proprietorship-firm\/\">Proprietorship Firm<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/document-checklist-for-mortgage-loan-balance-transfer-for-salaried-customers\/\">mortgage loan balance\ntransfer for salaried<\/a>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/loan-against-property-at-lowest-interest-rate-with-loanfasttrack\/\">Click to find out the\nlowest interest rate loan against property with <\/a><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/loan-against-property-at-lowest-interest-rate-with-loanfasttrack\/\">Loanfasttrack<\/a><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/loan-against-property-at-lowest-interest-rate-with-loanfasttrack\/\">.<\/a><strong><\/strong><\/p>\n\n\n\n<p><strong><em>For\nthe latest BOI Mortgage Loan interest rate call on 9321020476 or login to<\/em><\/strong><strong><em> <\/em><\/strong><a href=\"https:\/\/www.loanfasttrack.com\/index.html\"><strong><em>Loanfasttrack<\/em><\/strong><\/a><strong><em>.<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>BOI Home Loan Income Tax Benefits<\/strong><\/h3>\n\n\n\n<p>Income\ntax benefits are available on both- interest paid as well as on the principal\namount repaid by the borrower.<\/p>\n\n\n\n<p>As\nper the Indian Income Tax Act, 1961: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The principal repaid can be\nclaimed for tax deduction under section 80C of the Income Tax Act up-to Rs.1.5\nLakhs p.a. <\/li><li>The interest paid can be\nclaimed for tax deduction under section 24 of the Income Tax Act up-to Rs.2\nLakhs p.a. for the property self-owned by the borrower.<\/li><li>Entire interest amount can be\nclaimed in a year for the property which is rented out by the borrower.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>BOI Home Loan Documents Required<\/strong><\/h3>\n\n\n\n<p>1) <strong>KYC<\/strong> &#8211; Pan Card, Aadhar Card, Latest\nPassport size photograph, Office proof &amp; Residence Proof.<\/p>\n\n\n\n<p>2) <strong>Income Documents<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Documents required for home loan for salaried person<\/strong> &#8211; 4 months Salary Slips, 6\nmonths Bank Account Statement, 2 years Form 16.<\/li><li><strong>Documents required for home loan for self-employed<\/strong> &#8211; 3 years ITR with Saral Copy, Balance Sheet,\nP&amp;L Account, Capital Account \u2013 CA certified, 12 months bank account\nstatements of all bank accounts savings + current account.<\/li><\/ol>\n\n\n\n<p>3) <strong>Property documents<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Prior Chain of Agreement<\/li><li>OC\/CC + approved plans<\/li><li>Index 2<\/li><li>Share Certificate<\/li><li>Society Registration Copy<\/li><li>Property Tax Receipt.<\/li><\/ol>\n\n\n\n<p>4) <strong>Additional documents required for <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-lowest-rate-for-6-95p-a\/\"><strong>home loan transfer<\/strong><\/a><strong><\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>LOD <\/li><li>Outstanding Balance Letter<\/li><li>18 months repayment track\nrecord.<\/li><\/ol>\n\n\n\n<p>5) <strong>Other documents<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Duly signed BOI home loan application form.<\/li><li>Processing fees cheque.<\/li><\/ol>\n\n\n\n<p>6) <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/nri-list-of-documents-for-applying-home-loan\/\">Click for documents\nrequired for NRI home loan<\/a> <\/p>\n\n\n\n<p>7) Please refer to the links for detailed documents for BOI home loan<strong> apply.<\/strong><\/p>\n\n\n\n<p>a) Home loan documents required <strong>Resale Case<\/strong> <strong>for <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-salaried-list-of-documents-resale-case\/\"><strong>salaried<\/strong><\/a><strong>, for self-employed f<\/strong>or <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-proprietorship-firm-resale-case\/\">Proprietorship firm<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-private-limited-company-resale-case\/\">Private Ltd. Company<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-partnership-firm-resale-case\/\">Partnership Firm<\/a>.&nbsp; <br>b) Documents required for home loan <strong>from builder for <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-salaried-list-of-documents-builder-case\/\"><strong>salaried<\/strong><\/a><strong>, for self-employed <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-proprietorship-firm-builder-case\/\">Proprietorship firm<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-private-limited-company-builder-case\/\">Private Ltd. Company<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-list-of-documents-for-self-employed-partnership-firm-builder-case\/\">Partnership Firm<\/a>.&nbsp;&nbsp; <br>c) Housing loan documents required for <strong>home loan balance transfer for <\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-list-of-documents-for-salaried\/\"><strong>salaried<\/strong><\/a><strong>, self-employed <\/strong>&#8211; <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-list-of-documents-for-self-employed-proprietorship-firm\/\">Proprietorship Firm<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-list-of-documents-for-self-employed-private-limited-company\/\">Private Limited Company<\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-balance-transfer-list-of-documents-for-self-employed-partnership-firm\/\">Partnership Firm<\/a>.<\/p>\n\n\n\n<p>Click\nto know <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/best-banks-for-housing-loan-in-india\/\">housing loan interest\nrates of different banks<\/a> and to know <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/home-loan-interest-rates%ea%98%a1compare-rates-of-top-banks\/\">which bank has the\nlowest home loan interest rate<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Similar Banks Offering Home Loans<\/strong><\/h3>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-icici-bank-home-loans\/\"><strong>ICICI\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/why-choose-hdfc-ltd-home-loan\/\"><strong>HDFC\n  Ltd.<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/canara-bank-home-loan\/\"><strong>Canara\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/sbi-home-loan\/\"><strong>SBI\n  Bank<\/strong><\/a><strong><\/strong>\n  <\/td><td>   <strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/axis-bank-home-loan\/\">Axis   Bank<\/a><\/strong><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/axis-bank-home-loan\/\">  <\/a> <\/td><\/tr><\/tbody><\/table>\n\n\n\n<table class=\"wp-block-table has-subtle-pale-pink-background-color has-background\"><tbody><tr><td>\n  <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong><em>Zero Processing Fees For Home Loan\n  Balance Transfer. <\/em><\/strong><\/a><strong><em><\/em><\/strong>\n  <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong><em>Click To Avail The Offer.<\/em><\/strong><\/a><strong><em> <\/em><\/strong>\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>Loanfasttrack\nis a Mumbai based loan provider company since 2015 offering loan services in\nMumbai on&#8211; <a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>housing loan in\nMumbai<\/strong><\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>mortgage loan in\nMumbai<\/strong><\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\"><strong>personal loan in\nMumbai<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\">,<\/a><a href=\"https:\/\/www.loanfasttrack.com\/business-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/business-loan\/apply-online-now.html\"><strong>business Loan in\nMumbai<\/strong><\/a>, <a href=\"https:\/\/www.loanfasttrack.com\/business-loan.html\"><strong>unsecured\nbusiness loans<\/strong><\/a>,<a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>home loan transfe<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>r<\/strong><\/a>, top-up loans, <a href=\"https:\/\/www.loanfasttrack.com\/car-loan.html\"><strong>car loans<\/strong><\/a> and <a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>loan transfers<\/strong><\/a>. Loanfasttrack is a direct sales\nassociate with leading banks namely, ICICI Bank, HDFC Ltd, Canara Bank, Citi\nBank, Piramal Housing Finance, etc.<\/p>\n\n\n\n<p>Visit<a href=\"http:\/\/www.loanfasttrack.com\"> <\/a><a href=\"http:\/\/www.loanfasttrack.com\"><strong>www.loanfasttrack.com<\/strong><\/a>. <\/p>\n\n\n\n<p>Seek\nexpert advice on <strong>9321020476<\/strong>. <\/p>\n\n\n\n<p>You\ncan also email on <a href=\"mailto:info@loanfasttrack.com\"><strong>info@loanfasttrack.com<\/strong><\/a>.<\/p>\n\n\n\n<p>Loanfasttrack\u2019s\nspecialized services includes providing:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The<a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\"><strong>best bank for home\n<\/strong><\/a><a href=\"https:\/\/www.loanfasttrack.com\/home-loan.html\"><strong>loan<\/strong><\/a><strong>.<\/strong><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/best-banks-for-mortgage-loan-in-india\/\"><strong>Best Banks For Mortgage Loan In India<\/strong><\/a><strong><\/strong><\/li><li>Assured low interest rates\nfor<a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/mortgage-loan\/apply-online-now.html\"><strong>loan against\nproperty in Mumbai<\/strong><\/a>.<\/li><li>Lowest<a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/home-loan\/apply-online-now.html\"><strong>home loan rates in\nMumbai<\/strong><\/a><strong>.<\/strong><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\"><strong>Instant loan in\nMumbai<\/strong><\/a><strong>.<\/strong><\/li><li>Instant <a href=\"https:\/\/www.loanfasttrack.com\/personal-loan\/apply-online-now.html\"><strong>personal loan in Mumbai<\/strong><\/a> &amp;<a href=\"https:\/\/www.loanfasttrack.com\/business-loan\/apply-online-now.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/business-loan\/apply-online-now.html\"><strong>business loan in Mumbai<\/strong><\/a><\/li><li>Low cost<a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"> <\/a><a href=\"https:\/\/www.loanfasttrack.com\/balance-transfers.html\"><strong>home loan balance\ntransfer<\/strong><\/a>.<\/li><\/ul>\n\n\n\n<p><strong>Additional Read<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/how-to-apply-online-for-home-loan-mortgage-loan-loan-transfers-by-loanfasttrack\/\"><strong>How To Apply Online For Home Loan, Mortgage Loan &amp; Loan\nTransfers \u2013 By Loanfasttrack<\/strong><\/a><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/know-how-to-deal-with-the-increasing-interest-rates-of-housing-loans\/\"><strong>Know How To Deal With The Increasing Interest Rates Of\nHousing Loans<\/strong><\/a><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/everything-you-must-know-before-purchasing-a-land-availing-the-land-loans\/\"><strong>Everything You Must Know Before Applying For A Housing Loan<\/strong><\/a><strong><\/strong><\/li><li><a href=\"https:\/\/www.loanfasttrack.com\/blog\/blog\/finance\/is-pre-emi-better-than-full-emi-find-out-yourself\/\"><strong>Is pre-EMI is better than full EMI<\/strong><\/a><strong><\/strong><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Bank Of India offers home loans to eligible borrowers with EMIs starting from \u20b9655 per lac. Interest rates start from 6.85% p.a. overextended loan tenures up to 30 years with processing fees starting from 0.25% of the loan amount. Key Features Of Bank Of India Housing Loan: BOI is the lowest interest rate home loan &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-450","post","type-post","status-publish","format-standard","hentry","category-home-loan"],"_links":{"self":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/comments?post=450"}],"version-history":[{"count":7,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/450\/revisions"}],"predecessor-version":[{"id":462,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/posts\/450\/revisions\/462"}],"wp:attachment":[{"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/media?parent=450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/categories?post=450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.loanfasttrack.com\/blog\/wp-json\/wp\/v2\/tags?post=450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}