What is Bank of India Home Loan, Bangalore Review?

While going through many home loans my brother zeroed in on the Bank of India (BOI). He did this after looking at many positive BOI home loan reviews from them.

BOI offers four types of home loans namely:

• Star Home Loan

• Star Diamond Home Loan

• Star Smart Home Loan

• Star Pravasi Home Loan (NRIs)

Star Home Loan 

• It has no prepayment penalty

• This loan has free accidental Insurance coverage of up to Rs 5 Crore.

• The age limit is between 18-70 years.

Star Diamond 

• The loan can be availed up to 7.5 Crore.

• Step Up/Down EMI facility available

• Instant Loan top-up.

Star Smart Home

• Loan up to 5 Lakhs for Salaried and 10 Lakhs for Self Employed.

• Overdraft Facility.

• Insurance Premium as part of Home Loan.

Star Pravasi

• Smart Home Loan OD facility.

• Loan for existing properties (Renovation)

• No maximum limit.

After looking into this he called customer support to avail of the loan. This helped him get his new home quickly.

To complete my dream home purchase, I came across a few home loans. While checking them, I read many Bank of India Home Loan Reviews.

There were many good reviews about their services. The reviews talked about four main points:

• There are no hidden charges while closing the loan.

• The process is hassle-free and not overworked with documentation.

• The Loan availing process takes place online and can be finished within 15 minutes.

After considering the reviews, I decided to go on the Bank of India website to avail a home loan. The process was smooth and faced no hurdles. This helped me get the home I desired.

My friend had an account in Bank of India. He wanted to purchase a property and availed the home loan. However, he was a bit skeptical and was wondering is Bank of India good for home loan? But he said that the Bank was courteous and made sure the loan was disbursed at the earliest.

My friend also said why Bank of India offers good home loan options.

• Bank of India offered a competitive interest rate.

• There are different home loan options as per needs.

• Documentation is at the bare minimum while getting the loan.

• The loan can be taken online and the process finishes in quick time.

He could avail the loan easily and facilitate his property purchase.