Home loans help you find the dream house that you can finally call your permanent home. With the rise in real estate, home loans have become hugely popular as many banks now have direct tie-ups with builders that offer home loans in a simple and hassle free manner.
Bank of India is a trusted name in the home loan section and in general a trusted bank since many years. The bank in itself is over 100 years old and is a government owned bank since 1969. Bank of India offers financial services to retail, commercial and private banking and has a wide presence in the Indian market with several branches and ATMs in rural and metro cities.
Why people prefer Bank of India Home Loans
Bank of India home loans are popular because it is a government bank and offers one of the lowest interest rates. Bank of India offers home loans to salaried, self-employed and professionals who can avail this loan after submitting the relevant documents.
Bank of India home loans offers interest rate of 9.70% to 9.95% per annum. The loan tenure is upto 30 years and the processing fee is 0.25% of the total loan amount. There are also no pre-closure charges as such if you repay the loan earlier than the loan tenure.
Bank of India also offers free personal accident insurance for all home loans that covers the borrower with accidental death and permanent disability. Bank of India home loans also offer life insurance policy to cover the borrower against death during the loan tenure. Bank of India home loans also enjoy all tax benefits. There is also an option to avail balance transfer scheme wherein you can transfer an existing home loan to Bank Of India (as long as your previous loan was paid in good standing).
Benefits of Applying Bank of India Home Loan on Letzbank
You can get the service charge waived off when you apply for Bank of India home loan at Letzbank website. Any application that gets submitted on Letzbank enjoys the benefit of service charge waiver.
Letzbank also gives you a comparative list of all loans and helps you find the best deals. You can easily calculate your loan EMI using our handy EMI calculator tool. Or make use of Instant Quote service that allows you to know the loan quote directly from the respective bank.
You can easily make a comparison between different banks and also check your credit score online as well as file your IT Returns online. Letzbank also offers various insurances that can be purchased with ease.
Lastly, Letzbank has special offers scheme that is offered in partnership with various banks, retailers, e commerce companies that bring you the best online experience and help you save on flight bookings, shopping, and much more.