Bank of India provides the lowest home loan rates in the industry

Full waiver on processing fees and special financing for rooftop solar panels

Bengaluru, 19 March 2024 – Bank of India (BOI), a leading public sector bank, is pleased to announce that it is offering the lowest rate of interest on home loans in the industry. At an impressive rate of 8.3% per annum onwards, BOI’s Star Home Loan sets a new standard for affordability in home financing, unmatched by any other public or private sector bank’s offerings.

Designed with customer convenience in mind, the Star Home Loan offers a hassle-free financing solution for buyers. Starting with EMI as low as Rs 755 per month per lakh, the loan package is further enhanced with an overdraft (OD) facility, providing a flexible and comprehensive financial support system for home buyers.

Besides covering home construction, renovation and furniture, the Star Home Loan broadens its scope beyond traditional financing to promote clean and renewable energy solutions. In line with the visionary PM Surya Ghar Muft Bijli Yojana, the bank offers financial assistance for the installation of rooftop solar panels up to Rs 10 lakh at the same interest rate applicable for home loans.

In addition, recognizing the growing importance of solar energy, Bank of India has launched a special BOI Star Solar Rooftop Finance Loan, featuring an attractive interest rate starting 7.00% p.a. with no processing charges. Under this scheme, individuals aiming to set up a solar rooftop can avail finance up to 95% of the project cost, with a maximum repayment period of 120 months.

Furthermore, customers can benefit from a government subsidy of up to Rs 78,000/- which can be claimed directly. With Bank of India’s commitment to empowering sustainable energy solutions and providing accessible financing options, transitioning to solar energy has never been more feasible.

Bank of India invites you to take the first step towards owning your dream home or making a sustainable choice with our solar energy financing options.

For detailed information, please visit https://bankofindia.co.in/home-loan/star-home-loan, or drop by your nearest BOI branch.

Together, let’s build a sustainable and affordable future.