Bank of India Bengaluru

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About Bank of India

What comes to your mind when the word ‘Bank’ does the round? I am sure, trust is what your answer would be, right!. And it aptly fits into the case of Bank of India (BOI), which through its extensive line of custom products, has made a name for itself in the fragmented banking space consisting of large, mid and small banks vying against each other. Be it retail banking, corporate banking or rural banking, the bank endeavours to fulfill the needs of customers with utmost efficiency.

Take a Sneek-peek into the history of the bank and you will find it was set up by eminent businessmen from the city of Mumbai in September 1906. It was started with a paid-up capital of ₹ 50 lakhs, and 50 employees were hired to take care of the bank’s operation. BOI was privately managed till 1969 when it was nationalized along with 13 other banks. In 1997, the bank went public in the capital market and a decade later came its Qualified Institutional Placement (QIP) in 2008. BOI today boasts of a massive presence across India and globally. The bank has over 5,000 branches in India and 20 branches overseas, covering important financial centres like Tokyo, Hong Kong, New York, London, Singapore, and Paris.

When it comes to Bengaluru, the bank has about 40-50 branches to serve the people in the city. Want to get a sight of the branches of the city? Take a below and find your answer.

List of Bank of India Branches in Bengaluru

Branch NameComplete AddressIFSCMICRContact Detail
Bangalore MainBangalore Main, 11, Bank Of India Building, K.G.Road, Bangalore, Karnataka, Pin-560009BKID0008400560013002080-22959437, 22959438
MalleswaramMalleswaram, No 112, Ist Floor, Margosa Road, Bangalore, Karnataka, Pin-560003BKID0008401560013007080-23567593, 22959500
VisweswarapuramVisweswarapuram, 83 Digaronal Road, Visveswarapuram, Bangalore, Pin-560004BKID0008402560013010080-26612656, 26620225
VirgonagarVirgonagar, Vill Avalahalli, Post Virgonagar, Bangalore, 560049, Karnataka, Pin-560049BKID0008403560013016
Cantonment, Jothi MahalCantonment, Jothi Mahal, 49, St Marks Road, Bangalore,, Karnataka, Pin-560001BKID0008404560013003080-22959478, 22959474
Jaya NagarJaya Nagar, 2904 11 Main Road, 4Th Block Jayanagar, Bangalore, Karnataka, Pin-560025BKID0008405560013006080-22959483, 22959484
RajajinagarRajajinagar, 675, Ii Block, Nr Navarang Theatre, Bangalore, Karnataka, Pin-560110BKID0008406560013008
J C RoadJ C Road, 75 J C Road, Bangalore, Bangalore, Karnataka, Pin-560002BKID0008407560013005
YeshwantpurYeshwantpur, 6, Regulated Market, Yeshwantpur, Bangalore, Karnataka, Pin-560022BKID0008408560013011080-22959528
Richmond TownRichmond Town, 22, Bangalore, Karnataka, Pin-560025BKID0008409560013009080-22959513, 22959512

Products Offered by Bank of India in Bengaluru

As we know Bank of India has strengthened its presence across several banking verticals, let’s know the kind of products that it has in store for you. From personal loan to vehicle loan, it has products aptly designed to meet each individual’s aspirations. How will BOI loans act as a catalyst for bringing change in life? For that, a glance at the table is required.

Basic Details of Bank of India Loans in Bengaluru

ProductEligibilityLoan AmountInterest RateProcessing Fee
BOI Star Home LoanSalaried employed, self-employed businessmen, professionals, HUF, NRIs, PIOs, corporate and partnership firms are eligibleUpto ₹ 5 Cr8.50% - 8.60%0.25% of the loan amount
Minimum- ₹ 1,000+service tax as applicable

Maximum-₹ 20,000+service tax as applicable
BOI Star Personal Loan SchemeSalaried employees, professionals, pensioners are eligibleUpto ₹ 5 lakhs-10 lakhs11.90% - 13.90%2% of the loan amount
BOI Star Vehicle Loan Salaried employees, professionals, NRIs are eligibleUpto ₹ 50 Lakhs-2 Crores9.25%₹ 500 per application+service tax as applicable
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.-
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

Documents Required

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

 

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