Bank of India Chennai

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About Bank of India

A bank par excellence with unmatched products and customized services represents the value proposition of Bank of India (BOI), a state-owned lender that offers services from over 5,000 branches across the country. Over 50 zonal offices are set up to take stock of the operational network of these branches. Not only it gains the presence in India, but even the overseas territories are also tapped by BOI. The bank has branches spread across 22 countries in five continents. It enjoys a presence in important financial centres across the globe, including Tokyo, Singapore, London and others.

The history of BOI is over a century when few businessmen of Mumbai worked together to set up the bank in 1906. After years of private management, the bank got under the arm of the public sector with the government nationalizing it in 1969. Since then, the bank is moving up its growth trajectory. In the pursuit of becoming a preferred bank, BOI has taken rapid strides in the areas of retail banking, corporate banking, MSME banking, NRI banking and rural banking.

If you are staying in Chennai and want to avail services from BOI, below is a table that can guide you to the nearest branch of the bank.

Bank of India Chennai Main Branch Address & IFSC Code

 Branch NameComplete AddressIFSCMICR Contact Detail
Chennai MainChennai Main, 17 Errabalu Chetty Str, Chennai, Chennai, Tamil Nadu, Pin- 600001BKID0008000600013009
Mount RoadMount Road, 175/1 Anna Salai, Pb 2703 Chennai, Chennai, Tamil Nadu, Pin- 600002BKID0008001600013010044-28520248, 28520565
MylaporeMylapore, 174, Luz Church Road, Mylapore, Chennai, Tamil Nadu, Pin- 600004BKID0008002600013011044-24991369, 24992622
SowcarpetSowcarpet, 59 Devaraja Mudaliar R, Sowcarpet, Chennai, Tamil Nadu, Pin- 600003BKID0008003600013018044-25352381, 25354008
TheagaroyanagarT Nagar, 104 Sir Theagaroya Road, T.Nagar, Chennai, Tamil Nadu, Pin- 60017BKID0008004600013014044-28150249, 28150774
RoyapettahRoyapettah, 183, Royapettah High R, Royapettah, , Chennai, Tamil Nadu, Pin- 600014BKID0008005600013013044-28132952, 24816339
ThousandlightThousandlight, 406 Llyods Road, Gopalapuram Post, Chennai, Tamil Nadu, Pin- 600086BKID0008006600013015044-28350066, 28350076
PurasawalkamPurasawalkam, Palace Regency Ist Fl, 80 - 93 Puraswalkam Road, Chennai, Tamil Nadu, Pin- 600010BKID0008007600013012044-26404545, 26421219
EgmoreEgmore, 15/16 Casa Major Road, Egmore, Chennai, Tamil Nadu, Pin- 600008BKID0008009600013004
AdayarAdayar, 33/3 1St Main Road, Gandhi Nagar, Chennai, Tamil Nadu, Pin- 600020BKID0008010600013002044-24412719, 24425884
GuindyGuindy, Spic Centre, 44 - A Mount Road Guindy, Chennai, Tamil Nadu, Pin- 600032BKID0008011600013005044-22350638, 22352453
Cathedral RoadCathedral Road, Garuda Building, 46, Cathedral Road, Chennai, Tamil Nadu, Pin- 600086
BKID0008012600013003044-28112369, 28112567
K.K.NagarK.K.Nagar, 455, Rk Shanmugam Road, K.K.Nagar, Chennai, Tamil Nadu, Pin- 600078BKID0008013600013006044-24713529, 28470847
KodambakkamKodambakkam, 12 Puliyur Ii Main Roa, Major Trust Puram, Chennai, Tamil Nadu, Pin- 600024BKID0008014600013007044-24727657, 24831371

Products Offered by Bank of India in Chennai

Obviously, your focus would be on the products that can add fuel to your dream, which can be anything from visiting the shores of Maldives to taking out all the new car from the showroom. BOI offers a wide range of products designed to meet your requirements, including personal loan, car loan, home loan, loan against property and others. You can know about the products in detail by glancing at a table below.

Basic Details of Bank of India Loans in Chennai

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
BOI Star Home LoanSalaried employed, self-employed businessmen, professionals, HUF, NRIs, PIOs, corporate and partnership firms are eligibleUpto ₹ 5 Cr8.75% - 8.80%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 lakhs12.00% - 14.00%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 in Chennai

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

Equitable Home Security

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