Bank of India provides financial assistance for purchase of ready dwelling units as well as for plots and construction thereon under Star Home Loan Scheme. The loan is also available for renovation, repair, addition or extension of an existing construction. Under Bank of India Star Home Loan Scheme, a borrower can take upto Rs 300 lacs of amount with repayment extended upto 20 years. There is a very little processing fee and customers are permitted for prepayment without any extra charge.
Free personal accient insurance cover and life insurance protection to the borrowers are other highlights of the Bank of India home loan scheme. A very competitive rate of interest according to the prevailing market trend is another advantage of the loan scheme. Moreover, Non Resident Indians as well as Persons of Indian Origin are eligible for obtaining loans under the scheme. | 
