- Buying a house or a car?
- Big decision of Bank of India
- No need to pay even 1 rupee processing fee!
BOI Special Festival Offer : Bank of India, one of India's leading public sector banks, has announced a 100 percent rebate on applicable processing charges on eligible Home Loans and 4-wheeler loans. This special discount will be valid from 1 October 2026 to 31 March 2027. (BOI Special Festival Offer)
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Purpose of limited time offer?
Launched during the festive season, the limited-time offer aims to reduce the initial financing costs of eligible customers for borrowing, help them realize their dreams of owning a home and vehicle, and strengthen the bank's presence in the retail lending space.
This customer will get full discount
Customers with a CIBIL Personal Credit Score of 725 or above can avail full waiver of applicable processing charges. This discount will be availed on various types of home loans including top-up loan, smart home loan and star diamond home loan. The concession will also be applicable to home loan transfer facility subject to the applicable eligibility criteria of the bank. Some home loan schemes like PMAY 2.0 Urban, Affordable Housing Loan and Star Samriddhi Home Loan have already waived the processing fee. The existing concessions on these schemes will continue.
What is required for a four-wheeler loan?
In case of four-wheeler loans, individual customers with a CIBIL personal credit score of 725 or above can avail 100 percent waiver on applicable processing charges on eligible new vehicle loans. Besides, eligible non-individual borrowers with external credit rating of BBB or above or CMR-3 and better will also benefit from this concession.
To promote electric mobility, Bank of India is also offering 100 percent discount on applicable processing charges on loans for purchase of electric four-wheelers. The condition of applicant's CIBIL personal credit score is not applicable for this facility, the terms and conditions of the bank loan will remain applicable.
Bank's effort to provide more benefits to eligible customers
The move reflects Bank of India's continued focus on making retail lending more accessible and affordable, as well as strengthening its home loan and auto loan portfolio. The bank is trying to provide more benefits to eligible customers who are planning to buy a house or a four-wheeler by reducing the initial financial cost of taking a loan.
This offer will be valid till 31 March 2027 and will be subject to the eligibility criteria and applicable terms and conditions as determined by the bank. To know the eligibility, more information and application process of this offer, customers can visit their nearest Bank of India branch or visit the official website of the bank.
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