New interest rate of Bank of India for home loan
In a move that benefits new and existing borrowers alike, Bank of India (BOI) has reduced its home loan interest rate from 8.15% to 7.50% as of June 2025. The new rate applies to borrowers under its BOI Star Home Loan Scheme, following a revision in the RBI repo rate. This development is a significant relief for homebuyers looking to save on EMI and enjoy flexible repayment terms.
Let’s explore what this rate change means, and why Bank of India is now one of the most competitive PSU banks for housing finance.
📉 New interest rate of Bank of India for home loan New vs Previous Interest Rate
| Time Period | Interest Rate (%) |
|---|---|
| March–May 2025 | 8.15% |
| June 2025 Onward | 7.50% |
The 0.65% reduction translates to big EMI savings. For example, a ₹50 lakh loan over 20 years would now save a borrower more than ₹4,00,000 in total interest.
✨ Key Features of New interest rate of Bank of India for Home Loan Scheme
✅ New Interest Rate: Starts at 7.50% p.a
👩 Women Borrower Concession: Additional 0.05% discount
🔄 Repo-linked Lending Rate (RLLR) – Transparent and responsive to RBI policy
📆 Tenure: Up to 30 years or till borrower turns 75 years
🚫 No Prepayment or Part-payment Charges – Ideal for flexible repayment
💰 Loan-to-Value (LTV): Up to 90% of property value depending on loan amount
📃 Simple documentation & faster disbursement
🔍 Who Should Consider This Loan?
🏠 First-time homebuyers looking for affordable EMI
👨👩👧👦 Families planning to buy a larger home
👩 Women borrowers seeking extra interest concession
🔁 Borrowers planning to balance transfer from higher rate loans
👴 Senior citizens looking for longer tenure up to 75 years
💡New interest rate of Bank of India for home loan Benefits of Choosing Bank of India Home Loan
PSU Trust + Low Rate: Government-backed reliability with aggressive pricing.
Women-Focused Offer: Female applicants enjoy better rates.
No Hidden Fees: Save on early closure or part-payments.
Long Tenure Comfort: Lower EMIs spread across 30 years.
Instant EMI Calculator & Online Processing: Quick eligibility check with minimal visits.
📍 Why Borrow with Mortbuzz in Hadapsar, Pune?
If you’re from Hadapsar, Amanora, Magarpatta, Mundhwa, or Kharadi, Mortbuzz offers:
💼 Personalized BOI home loan comparison
🏠 Doorstep service – from application to disbursement
🔍 Eligibility checks and EMI planning
✅ 100% assistance with paperwork and coordination
We connect you with BOI’s best offers—without needing to step into a branch.
🧮 How Much Can You Save?
Here’s a quick comparison for a ₹40 lakh loan:
| Loan Amount | Tenure | Old EMI @ 8.15% | New EMI @ 7.50% | Total Savings |
| ₹40 Lakh | 20 yrs | ₹33,912 | ₹32,279 | ~₹3.93 Lakhs |
Use our EMI calculator to check your exact numbers.
📞 Final Thoughts: Should You Apply Now?
es — if you’re looking for a low interest rate, women-friendly offers, and PSU-backed security, Bank of India’s updated home loan is hard to beat.
And with Mortbuzz by your side, you don’t have to worry about paperwork, approvals, or running around.
Apply now and lock in your rate while it’s at its lowest!
📲 Contact Mortbuzz Toda
📍 Office: Hadapsar, Pune
📞 Call/WhatsApp: +91 9028XXXXXX
🌐 Website: www.mortbuzz.in