🇮🇳 India

Bank of India Last updated2026-05-28

Bank of India EMI Calculator 2026 rates.

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Quick answer

Bank of India home loan rate starts at 8.5% (typical 8.75%) as of 2026. A ₹50 lakh loan at 8.75% over 20 years = an EMI of approximately ₹44,186/month.

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EMI Calculator

Live

Loan Amount

₹

₹25.00 L

Interest Rate (p.a.)

Tenure (years)

Monthly EMI

₹21,696

/month

Total Interest

₹27.07 L

52% of total

Total Payable

₹52.07 L

over 20 years

Principal vs Interest Split

48% principal

52% interest

✨ Live · For home, personal, auto, education loans · Excludes processing fees

📊 Current rates

Bank of India loan rates (May 2026)

🏠 Home Loan

8.5–10.5%

typical: 8.75% p.a.

💵 Personal Loan

10.85–16.85%

typical: 12.5% p.a.

🚗 Car Loan

8.85–12%

typical: 9.35% p.a.

💳 Processing Fee

0.25% of loan amount (max ₹15,000 for home loans). One of the lowest in the PSB segment.

🔁 Prepayment

Zero on floating-rate retail home loans. 1% on fixed-rate.

About Bank of India

Why choose Bank of India?

Bank of India is one of India's oldest PSU banks (est. 1906, nationalized 1969), headquartered in Mumbai with about 5,100 branches across India and 24 international offices. Total advances around ₹6 lakh crore. BoI has historically been strong in Maharashtra and Gujarat with a large MSME and agricultural lending book. The home loan book is around ₹70,000 crore, growing at ~16%/year. BoI exited RBI PCA in 2019 after recapitalization.

🎯 Unique angle

Bank of India has the largest international branch network among Indian PSUs (24 branches in 18 countries including London, New York, Singapore, Tokyo, Paris, Hong Kong), making it the dominant NRI bank for Europe-based and Asia-Pacific Indians. For Indian-origin professionals in London, Paris, Frankfurt, Singapore, and Tokyo buying property back home, BoI offers door-to-door home loan processing.

Product highlights

✓ BoI Star Home Loan: 8.5-9.5% repo-linked rate
✓ BoI Star Diamond Home Loan for premium customers (HNI segment)
✓ BoI NRI Home Loan with global branch network handling
✓ BoI Pre-Approved Personal Loan for Star salary account holders
✓ BoI Reverse Mortgage Loan Enabled Annuity (senior citizens)

❓ Bank of India FAQ

Common questions.

Bank of India for NRI home loans in Europe?

BoI is one of the top 3 Indian banks for European NRI home loans alongside SBI and ICICI. The London, Paris, and Frankfurt branches handle full home loan documentation locally — salary statements in EUR/GBP, embassy attestation, and property paperwork all processed without flying to India. Particularly strong for Indian-origin professionals in finance (London), tech (Berlin, Munich), and pharma (Switzerland-based Indians) buying property in Mumbai, Pune, Bangalore, Hyderabad, or Chennai.

BoI Star Diamond Home Loan — what makes it different?

Star Diamond is BoI's HNI-segment home loan product with negotiable rates typically 25-50 bps below the standard rate card. Eligibility: net worth above ₹2 crore or AUM with BoI above ₹50 lakh. Includes dedicated relationship manager, priority processing (3-5 day disbursal vs 10-15 standard), and bundled wealth-advisory services. Most useful for senior corporate executives and business owners with ₹2-10 crore home purchases in Mumbai, Delhi, Bangalore metros.

BoI reverse mortgage annuity — how is it different from IDBI?

Both BoI and IDBI offer reverse mortgages to senior citizens but with different structures. BoI's "Star Reverse Mortgage Loan Enabled Annuity" pays you a fixed monthly annuity for a specified period (5-20 years) against your home equity, then settles via property sale at term end or your death. IDBI's product is more flexible on payment structure but with a smaller maximum loan size. For seniors who want predictable monthly income without estate-planning complexity, BoI's structured annuity is often preferred.

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