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Q.

What is Bank of India Home Loan Processing Fee?

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0 2024-06-30T22:30:56+00:00

Hello there. I saw you were asking about the Bank of India home loan processing fee and I’d like to offer you my help with the same. The processing fee is categorised into two, where the processing fee starts at 0.25% of the loan amount taken from the Bank of India.

I am sharing the rest of the information with you below.

What is the BOI Home Loan Processing Fee?

The Bank of India provides a total of 6 different home loans, which are as follows:

  1. Star Home Loan

  2. Star Diamond Home Loan

  3. Star Smart Home Loan

  4. Star Pravasi Home Loan

  5. Star Top Up Home Loan

  6. Star Home Loan - Furnishing

All of these home loans have the same processing fee, with two categorisations. Here are the processing fees for home loans taken by the Bank of India.

Categorisation 

Processing Fee

Processing Fee for Individuals

One time at 0.25% of the Loan amount: Minimum Rs. 1500 to maximum Rs. 20000

Processing Fee for other than individuals

One time at 0.50% of the Loan amount: Minimum Rs. 3000 to maximum Rs. 40000

This is all from my side regarding the home loan processing fee charged by the Bank of India. I hope you find this information useful.

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