Bank of India (boi): Features, Benefits and Contact Details

Mumbai is the headquarters of the Bank of India, a government-controlled commercial bank. The bank offers a wide range of banking products and financial services to commercial and retail customers and specialized merchant banking services to enterprises (NRIs) carrying out foreign exchange transactions.

Bank of India Features and Benefits

Bank of India, the first to open branches outside the country and in Europe, is now considered one of the top financial institutions in the country. The blue, five-cornered star of the logo represents over a century of banking wisdom and trend-setting in the Indian banking industry. The bank was privately owned until 1969, when it and thirteen other banks were nationalized by the Government of India.

In 1997, the bank went public. The bank’s international branches account for much of its total business. It specialises in loans and mortgages under brand names such as Star Mitra Personal Loan, Star Home Loan, and Star Mortgage Loan. Following are some of the features and benefits of the products and services offered by Bank of India:

• Bank of India provides ease of accessing its products with multiple mobile applications for various banking needs
• Simplified application forms and quick approvals enhance customer convenience
• The bank offers complimentary personal accident cover to customers with its loan products
• Bank of India offers personal loans to customers to meet various financial needs, such as purchasing consumer durables, paying for marriage, and paying for medical expenses.
• Bank of India customers can choose from attractive loan options at competitive interest rates.
• Prepayment of Bank of India loans is complimentary.

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Loans offered by Bank of India

Bank of India Loans	Features
Bank of India Home Loan	Interest Rate: 8.4% – 10.85%Loan Amount/Tenure: Up to ₹5Cr Tenure (3 – 30 Years) Processing Fee: Up to 1% of loan amount + GST
Bank of India Business Loan	Interest Rate: 10.2% – 12.95%Loan Amount/Tenure: ₹5L – ₹5Cr Tenure (5 – 7 Years) Processing Fee: Starting from ₹500 – 10,000
Bank of India Personal Loan	Interest Rate: 10.25% – 14.85%Loan Amount/Tenure: Up to ₹10L Tenure (1 – 5 Years) Processing Fee: Up to 1% (Maximum Rs 7,500)

Services and Goods Offered by Bank of India

Some of the goods and services offered by Bank of India are listed below:

BOI Top-Up Loan

Any existing home loan holder with a solid repayment record during his two-year tenure can apply for a top-up loan from BOI. All the consumer needs to do is text 7669300024 or give a missed call to 8010968305. These loans are available at the current home loan rate plus a 0.50 per cent annual premium.

Home Loan BOI Star

Bank of India offers home loan solutions for several purposes, including purchase, construction, remodelling, repairs, buying a piece of land, and taking home loans from other lenders. Any professional, self-employed person or salaried employee can apply for this loan. In big metros, you can get a loan of up to Rs 5 crore, and in other places, up to Rs 3 crore. The interest rates for these loans range from 7.80% to 8.75% per annum.

BOI Star Personal Loan

You can use a BOI Star Personal Loan to meet various financial demands. These loans can be used for consumer durables, medical bills, education costs, holidays abroad, and wedding expenses. The maximum loan amount is Rs 20 lakh, depending on the applicant’s income and credit history. Professionals, high-net-worth individuals, and salaried employees are all eligible for this loan. Bank of India offers personal loans at interest rates as low as 11.75% per annum.

Bank of India Corporate Office Contact Details

If you have any questions or concerns related to the services provided by Bank of India, you can contact their representatives through the following channels:

Address:

• Bank of India, Star House, C – 5, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
• Landline: 022-40919191

Toll-Free Numbers:

24/7 Chargeable Number: (022) – 40919191

Email Address: [email protected]