The sum Bank of India or BOI charges for the administrative labor required to review and process your home loan application is known as the "home loan processing fee." The BOI home loan processing fee varies based on the loan type, borrower category, and loan amount.
Individuals: A one-time processing fee of 0.25% of the loan amount is applicable, with a minimum of Rs 2,500 and a maximum of Rs 20,000.
Non-Individuals: Processing charges are double that of individuals, i.e., 0.50% of the loan amount, with a minimum of Rs 5,000 and a maximum of Rs40,000.
Star Diamond Home Loan: A flat processing fee of Rs 50,000, irrespective of the loan amount.
For builders tie up projects, the processing fees of 0.15% of loan amt. Max. Rs. 10000.
I hope you found this helpful.
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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:
Star Home Loan
Star Diamond Home Loan
Star Smart Home Loan
Star Pravasi Home Loan
Star Top Up Home Loan
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.
Get a Home Loan at the Lowest Interest Via NoBroker Home Loan! Some related information:What is processing fee for home loan in 2024?
What is Bank of India Home Loan Processing Fee?
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2024-06-30T21:51:41+00:00 2024-08-06T15:08:17+00:00Comment
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