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Bank of India
About

Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalized along with 13 other banks.


Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalized banks.


The Bank has 3101 branches in India spread over all states/ union territories including 141 specialized branches. These branches are controlled through 48 Zonal Offices . There are 29 branches/ offices (including three representative offices) abroad.

Loan Amount,Interest Rates @ EMI
Base Rate 10.20%
Upto 75 lacs 10.20% - EMI @ 978.00
Above 75 lacs 10.25% -EMI @ 982.00
Tenure
Min 1 Year - Max 20 Years
Features


  • Loans for Resident Individuals, NRI's, HUF, Partnership and Proprietorship companies.
  • Funds for plot to a maximum of 30 Lacs
  • Free Personal Accident Insurance cover for the borrower (covering accidental death as well as permanent total disablement) as per terms of insurance policy covering loan outstanding as on the date of accident.

  • Flexibility to shift from Floating to Fixed and vice versa.

  • Part payment on loan is allowed with out any charges

  • Interest is calculated on daily balance basis

 
Products
Knowing about the product will always make the home loan processing smooth to every customer. Before going for a home loan processing see which product suits you best.
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Home Loan Documents
To start with the home loan processing a customer need to submit the documents and this will vary depending on the product, bank and income source.
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Eligibility Calculators
One of the most important stages in home loan processing is the calculation of the applicants’ eligibility for the home loan. By taking one gross and net incomes into consideration.
Calculate Eligibility....
Application Tracking
Normally customers want to know their file status during the home loan process. But people face different types of situations where they wrongly...
Track Application....
Home Loan Agreement
Normally customers want It is the Agreement which a customer need to sign before going for disbursement of the loan which he requested to the bank to fund...
Read Facility Agreement....
Draft Agreements
To complete the legal and technical process over a property which the customer is buying by taking the home loan need to have a sale...
Download Draft Agreemets....
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