I think I felt the happiest and most proud of myself when I bought my own house. But during the process, I realised that it's difficult to find a financial institution to finance a new house these days due to skyrocketing real estate prices. I chose the BOI Star Smart home loan option. This home loan has a number of exceptional features and benefits, including low-interest rates, large loan amounts, and a longer repayment period.
If you want help with getting the best loan that you possibly can. Check out NoBroker Loan ServicesBenefits and Features of the BOI Star Smart home loan
Type of Loan: The BOI Star Smart Home Loan is tied to the customer's current or savings account.
Repayment Period: Borrowers who take out a BOI Star Smart home loan are allowed to make their payments for a maximum of 30 years.
Loan Amount: The BOI Star Smart Home Loan, which offers salaried individuals a loan limit of Rs 5 lakh, provides all the financing they need to buy a new home. Ten lakhs of rupees (for other people). The standard home loan plan will determine the maximum amount you can borrow from this loan.
Method of Repayment: The BOI Star Smart Home Loan can be taken care of in equivalent regularly scheduled instalments with standing charge directions.
Option to Pay Less Interest: With this loan, any money in a Savings Bank or Current Account that is above a certain threshold will automatically be transferred to your home loan account, which will help lower your interest rate.
Overdraft Account: Customers who have a BOI Star Smart home loan have the option of using their account as an overdraft until the excess amount is deposited.
The benefit of Surplus: You can use the surplus money in your account for any purpose, personal or professional.
Double Advantage: The BOI Star Smart home loan provides interest relief in addition to simple liquidity.
What is the home interest rate of Bank of India Star Smart?
| CIBIL Score | Salaried Individuals | Non-Salaried |
760 and above |
RBLR + CRP 0.00% presently 9.25% (no concession for women beneficiary) |
RBLR + CRP 0.00% presently 9.25% (no concession for women beneficiary) |
725 to 759 |
RBLR + CRP 0.10% presently 9.35% (no concession for women beneficiary) |
RBLR + CRP 0.10% presently 9.35% (no concession for women beneficiary) |
675 – 724 |
RBLR + CRP 0.20% presently 9.45% (no concession for women beneficiary) |
RBLR + CRP 0.20% presently 9.45% (no concession for women beneficiary) |
675 and 724 |
Salaried RBLR + 1.30 % presently 10.55% (For Women) |
Non-Salaried RBLR + 1.45% presently 10.70% (For Women) |
RBLR + 1.35% presently 10.60% |
RBLR +1.50% presently 10.75% |
|
Score below 675 |
RBLR + CRP 0.30% presently 9.55% (no concession for women beneficiary) |
RBLR + CRP 0.30% presently 9.55% (no concession for women beneficiary) |
This is all you need to know about BOI Star Smart home loan.
Read More: What is the Home Loan Interest Rate of Karnataka Gramin Bank? Is Gramin Bank Nationalised Or Not? What is the Home Loan Interest Rate of Axis Bank Empower?Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
What is the Home Interest Rate of Bank of India Star Smart?
Pragya
348 Views
1
2 Year
2023-04-18T11:51:34+00:00 2023-04-18T11:56:44+00:00Comment
Share