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BOI Star Home Loan
 
Repayment(can be customized) Highly flexible - maximum 25 yrs. including moratorium period of 18 months (max.) in monthly installments, including Bank’s approved projects. Loan to be normally repaid before date of retirement in case of salaried persons and before attaining 65 years of age in case of others.
Eligible Quantum of Loan/ EMI Calculation of quantum of loan is related to Income/repayment capacity of proponent/borrower

Salaried Employees : 72 times of gross monthly salary or 6 times of gross annual income based on I-T Returns.
Self-employed/ Professionals etc. 6 times of Gross annual income based on I-T Returns
HUF/Proprietorship /Partnership Firm/ Company 6 times of cash accruals (PAT+Depreciation) as per Balance Sheet/P&L Account

In case of Individuals
Net Take Home pay(NTH)/income (net of all deductions including EMI of Proposed loan) is stipulated as under :-

i. Gross Monthly Income upto Rs.1 Lacs NTH Minimum – 40%
ii. Gross Monthly Income over Rs.1 Lac up to Rs. 5 Lacs NTH Minimum – 30%
iii. Gross Monthly Income over Rs.5 Lacs NTH Minimum – 25%

In case of HUF/Proprietorship/ Partnership firm/Company : DSCR should be minimum 1.5.

Rate of Interest (Floating ROI- linked bank’s base rate , p.a. at monthly rests)

{Under Festival Offer valid up to 31.03.2013 for loans sanctioned on or after 10.09.2012 & 1st disbursement up to 31.03.2013}


Upto 5 yrs > 5-10 yrs > 10-15 yrs > 15-20 yrs
FOR LIMITS UPTO RS.30 LACS : 10.25 10.25 10.25 10.25
FOR LIMITS OVER RS.30 LACS BELOW RS.75 LACS : 10.35 10.35 10.35 10.35
FOR LIMITS RS.75 LACS & ABOVE 10.50 10.50 10.50 10.50
Security Mortgage/Equitable Mortgage (1st charge) on land/flat/house. Third Party guarantee(if mortgage could not be created at the time of disbursement).
 

 
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Extra ordinary General Meeting


The Bank's press release for the quarter ended 30th June 2014


Outcome of the 18th Annual General Meeting


OTP for Internet transactions with credit card


Notice for Customer


Corporate Social Responsibility


We are proud to inform that our Nairobi Branch is now ISO certified with ISO 9001:2008 (2013-2016) for Provision of Banking Services


The bank never asks any confidential information to customers such as: ATM card no., credit card no. ATM pin, user id of internet banking, login password, transaction password, account number, etc. If such information is asked over phone or mobile or through email, avoid disclosing such confidential information to the caller. In such cases Customers are requested to bring this to the notice of their parent branch/call centre


Notice for esteemed customers regarding 'CTS-2010' Standards Cheques Forms


As per RBI directive PIN is required for debit card PoS transactions on domestic terminals from 1.10.13.



Cash withdrawal limit through ATMs has been increased from Rs.15000/= to Rs.25000/= w.e.f. 01/06/2013



International Card transactions temporarily blocked


To extend the benefit of exercising another option to join the existing pension scheme in terms of Joint Note dated 27.04.2010 to Officers / Family Members of deceased Officers who had taken voluntary retirement from Bank's service on or after 29.09.1995 under Regulation 19(1) of Bank of India Officers' Service Regulations 1979


Public Notice for BOI Customer.


Cash Retraction feature has been disabled on all BOI ATMs in terms of RBI guidelines.


Interest Subsidy for Education Loans

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BOI Star Home Loan