Bank of India Loan against Property Interest Rates 2024
Bank of India Loan Against Property: Get instant Quotes for Bank of India Loan Against Property Interest Rates 2023, Documents, EMI, Eligibility at Deal4loans.
Bank of India Loan against property details
Interest Rates | 11.10% |
Loan Amount | 3 Lakh – 10 Crore |
Repayment Period | Upto 12 Years |
Processing Fees | upto Rs. 20000/- plus GST. |
Pre Payment Charges | Nil |
Minimum Income | 12000 Per Month |
Bank of India Loan Against Property Eligibility
ADVANCES TO INDIVIDUALS : MAXIMUM AGE LIMIT :
Individuals in permanent service max. 60 years.
For Proprietary concerns/Self Employed/non-salaried people – Maximum -70 Years
(Age limit is the maximum age at the end of the repayment Period)
Bank of India Loan against property Interest Rates
- Loan/ Overdraft Reducible (Monthly Reducible Limit) – 8.85%
- Overdraft –Non -Reducible – 9.35% PA.
Bank of India Loan against Property EMI Calculator
EMI calculator helps you in calculate emi per month details of your property loan.
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MAX. REPAYMENT PERIOD: 12 YEARS
MARGIN
i. Nil Margin for loan limit provided on the basis of Circle Rate/Registration value of the property (100% Loan amount);
ii. 60 % of Market value ( 40 % Loan amount);
iii. 50% of Distress Sale Value (50% Loan amount), whichever is lowest of i, ii & iii.
REQUIREMENT OF NET TAKE HOME PAY /DSCR- FOR LOANS :
✓ For individuals : Net take home pay (net of EMI of proposed advance) not to be less than 40% of gross income of the applicant.
✓ For Prop. Firm/Partnership Firm/Company(Loan /Reducible OD) : DSCR: Min.1.5;
✓ For Overdraft facility(Non-reducible ) : ISCR Min.1.5
Processing Fees & charges: 1% of the loan amount, Maximum Rs.50000
Pre Payment Charges: NIL
Available Products of Bank of India: