Bank of India Ahmedabad

Banks323 views

About Bank of India

It was Autumn of 1906 when a group of well established businessmen from Mumbai founded Bank of India (BOI). The business was running under the control of private ownership till 1969 when it became a public lender with the Government of India acquiring the majority stake in the bank. Starting with a paid-up capital of 50 lakhs and 50 staff members, the bank has continuously moved up the ladder with time. Bank of Today symbolizes trust in the fields of retail banking, corporate banking, MSME banking, rural banking, NRI banking and much more. These banking verticals boast of customized products to suit the tastes of different customers with different behavioural traits.

Today, it is well spread out with over 5,000 branches across the country. These branches are controlled through 54 zonal offices. The bank came out with a public issue in the year 1997, followed by Qualified Institutional Placement (QIP) in 2008. BOI’s reach is not confined to India alone, it has gone on to establish over 22 branches overseas spread across 5 continents. It has covered its bases across important financial centres across the globe-Tokyo, London, Hong Kong, New York, Paris and Singapore.

As far as Ahmedabad is concerned, the bank has branches that total to over 70. If you are staying in Ahmedabad and looking for the branches of the bank, you can glance at the table below.

Branches of Bank of India Ahmedabad

Branch NameComplete AddressIFSCMICRContact Detail
Ahmedabad MainNavrangpura, Swastik Society, Charrasta, Ahmedabad, Gujarat, Pin-380009BKID0002000380013003079-25352281
PanchavatiPanchavati, Ambavadi, Ellisbridge, Ahmedabad, Gujarat,
Pin-380006
BKID000200138001304026406978
Ashram RoadAshram Road, Opp Hr Arts College, Ashram Road, Ahmedabad, Gujarat, Pin-380009BKID000200238001300626582395, 26589706
Delhi ChaklaDelhi Chakla, Ahmedabad, Gujarat, Pin-380001BKID0002003380013007079-25622734, 25620955
Ellis BridgeEllis Bridge, Ahmedabad, Gujarat, Pin-380006BKID0002004380013008079-26576152, 26577158
Manek ChowkManek Chowk, Sankadi - Sheri Naka, Manek Chowk, Ahmedabad, Gujarat, Pin-380001BKID000200738001301722140754, 22144706
ManinagarManinagar, Station Road, Maninagar, Ahmedabad, Gujarat, Pin-380008BKID000200838001301825462137, 25462770
New Cloth MarketNew Cloth Market, Purshottam Mill Compd, Outside Rajpur Gate, Ahmedabad, Gujarat, Pin-380002BKID0002010380013023079-22160258, 22161241
PaldiPaldi, Vidyalaya Chambers, Opp Paldi Bus Stand, Ahmedabad, Gujarat, Pin-380006BKID0002011380013024079-26578226, 26579707

Products Offered by Bank of India in Ahmedabad

Looking forward to fulfill your wishes with Bank of India? Well, you have an extensive line of products to choose from. But the choice of products will be dictated by the wish you have. If you don’t want to be a tenant anymore, a customized home loan with maximum repayment period and attractive interest rate is rolling out a red carpet for you to take your feet into your dream home. There are other products like a car loan, personal loan and others that are perfectly placed to fulfill your wishes. You can get through the offers of BOI with respect to the products in the table below.

Basic Loan Details of Bank of India in Ahmedabad

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
BOI Star Home LoanSalaried employed, self-employed businessmen, professionals, HUF, NRIs, PIOs, corporate and partnership firms are eligibleUpto ₹ 5 Cr8.65% - 9.55%0.25% of the loan amount
Minimum- ₹ 1,000+service tax as applicable

Maximum-₹ 20,000+service tax as applicable
Upto 30 Years
BOI Star Personal Loan SchemeSalaried employees, professionals, pensioners are eligibleUpto ₹ 5 lakhs-10 lakhs12.10% - 14.10%2% of the loan amountUpto 3 years in most cases. In some exceptional case, the maximum tenure goes upto 5 years
BOI Star Vehicle Loan Salaried employees, professionals, NRIs are eligibleUpto ₹ 50 Lakhs-2 Crores9.25%₹ 500 per application+service tax as applicableUpto 7 years
BOI Star Loan Against PropertySalaried, self-employed, partnership firms, people with high net worth are eligible48 times of average monthly gross salary for salaried

4 times of average net annual income for last 2-3 years in the case of self-employed
10.50%-11% p.a.-Upto 15 years
BOI Star Vidya LoanStudents should be an Indian national and must have got admission to a higher education course in recognized institutes in India or overseas₹ 10 lakhs in India

₹ 20 lakhs abroad
8.50%-9.00% p.a.No processing fee for studies in India. However, overseas study comes with a fee of ₹ 1,000
10-15 years

Documents Required to Avail Loans from Bank of India in Ahmedabad

DocumentsSalariedSelf-employed
BOI Star Home LoanIdentity Proof- PAN Card/Passport/Voter ID/Aadhaar card

Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card

Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement

Property Documents Like Cost Estimation, Property Map, etc
Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card

Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card

Income Proof-ITR, Audited Balance Sheet and Profit & Loss Account Statement for the Last 3 Years

Property Documents Like Cost Estimation, Property Map, etc
BOI Star Personal Loan SchemeIdentity Proof- PAN Card/Passport/Voter ID/Aadhaar card

Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card

Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement
BOI Star Vehicle Loan Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card

Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card

Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement
Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card

Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card

Income Proof-ITR, Audited Balance Sheet and Profit & Loss Account Statement for the Last 3 Years
BOI Star Loan Against PropertyIdentity Proof- PAN Card/Passport/Voter ID/Aadhaar card

Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card

Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement

Equitable Home Security
Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card

Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card

Income Proof-ITR, Audited Balance Sheet and Profit & Loss Account Statement for the Last 3 Years

Equitable Home Security

 

People Also Look For

Personal Loan Interest Rates December 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank12.00% - 17.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates December 2018
State Bank of India/SBI8.75% - 9.35%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.85% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.10% - 9.35%
Axis Bank8.85% - 9.10%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%