Bank of India Home Loan in Mumbai

Last Updated : April 11, 2017, 4:58 p.m.

About Bank of India Home Loan Mumbai

So, you are a proud resident of Mumbai, the financial capital of India and the state Capital of Maharashtra. You have had many successes in Mumbai except not able to buy a home of your choice because of not finding any lender which could have offered you a great deal on the same, right! Bank of India (BOI), a bank you must have seen and heard, is right there in your city to cater to your home wish in an affordable manner. Want to get a sight of its affordability before taking a plunge with Bank of India? Check out the details below.

Bank of India Home Loan Mumbai at a Glance

Eligibility Criteria

Want to know who are the ones eligible for a home loan at BOI in Mumbai? It’s the salaried employees, self-employed businessmen, professionals, HUFs, NRIs, PIOs, corporate and partnership firms who can apply for a home loan at the bank. The eventual loan disbursal amount, though, depends on the income and the ability of the borrower to repay the EMI. Being clear on the eligibility front is half the home loan disbursal journey won by you as a borrower.

Documentation

Do arrange the below list of documents that are asked by Bank of India to approve your home loan application. The documents are as follows-

• 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 (For Salaried), ITR, Audited Balance Sheet and Profit & Loss Account Statement for the Last 3 Years (For Self-employed)
• Property Documents Like Cost Estimation, Property Map, Property Allotment Copy, Complete Property Chain, etc
• Signature Verification Proof-PAN Card/Passport/Driving License
• Business Establishment Proof-Utility Bills of Shops & Establishments
• Processing Fee Cheque
• A Duly Signed and Filled Application Form

Seeking more information? Visit Home Loan Mumbai

Bank of India Home Loan Mumbai Branches

In search of the nearest BOI branch to submit your home loan application in Mumbai? Check out from the list below. You can also get to know the IFSC Code, MICR Code and contact number of the branches. All these information pertaining to Bank of India will be useful in your bid to buy your dream home in Mumbai.