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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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Revised Base Rate 9.70% w.e.f 05.10.2015

Outcome of the EGM

Notice to SB Customers

2nd and 4th Saturday OFF

ATM transactions for savings Bank A/c Customers

Notice of the Extra Ordinary General Meeting

Press Release-June 2015

Proceedings of the AGM held on 20.07.15

Notice of Book Closure of AT1 Bond

The press release for March 2015

Green Initiative

Shareholders email registration

Proceedings of Extraordinary General Meeting

Notice for our DEMAT Account Holders

Book closure for bonds

Caution Notice to Customers

Notice for Depository customers

OTP for Internet transactions with credit card

Corporate Social Responsibility

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

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

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.

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BOI Star Home Loan