Bank of India Indore

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About Bank of India

It would be quite inhuman if someone says, ”I do not have any dream”. A natural feeling within you always prompts you to set a goal, prepare a strategy and draw out plans to achieve the same. And if the goal is what you can say is a financial one, then you have to fall back on the bank that has products for the same. Taking all that into account, Bank of India (BOI) could well be the financial institution that you have to approach. It’s a state-owned bank with branches evenly spread across the length and breadth of India. Be it the high-profile locations of Delhi and Mumbai to even the small places like Sambalpur and Ranchi, the bank has made its root stronger. Overall, the branches of BOI totals to over 5,000 with 50 zonal offices in operation to take stock of the branch activity. Even it has spread its wings overseas by having a presence in over 20 nations across five continents. The bank operates in some important financial hubs across the world. These hubs are Tokyo, Hong Kong, London, New York and others.

If we speak of its presence in Indore, it has around 40-50 branches in the city. Look at the table below to find the branches of Bank of India in Indore.

Bank of India Indore Branches

Branch NameComplete AddressIFSCMICRContact Detail
Indore MainIndore Main, Pungalia Bhawan, Santa Bazar, Indore- 452002, Madhya PradeshBKID00088004520130060731-2542381, 2542382
PalasiaPalasia, 575/1, Mahatma Gandhi, Road, Indore, 452001, Madhya PradeshBKID00088014520130130731-2434055, 2530022
KhajaranaKhajarana, 202, Saket, Indore- 452001, Madhya PradeshBKID00088024520130090731-2563554, 2563555
SiyaganjSiyaganj, 34 Siyaganj, Main Road, Indore- 452001, Madhya PradeshBKID00088034520130180731-2542968, 572219
RambaugRambaug, 142 Tilak Path, Rambaug, Indore-452001, Madhya PradeshBKID00088044520130150731-2540582, 2541545
Devi Ahalya MargDevi Ahalya Marg, 901, M. G. Road, , Khatipura, Indore-452001, Madhya Pradesh
BKID0008805452013004
MalharganjMalharganj, 27, Kailash Marg, Indore, Indore- 452001, Madhya PradeshBKID00088064520130110731-2419156, 2419154
SanyogitaganjSanyogitaganj, 148/1, Ravindranath Ta, Marg, Indore- 452001, Madhya PradeshBKID00088074520130170731-2526726, 5041261
Transport NagarTransport Nagar, 36, Narmada Chambers, Snehnagar Main Road, Indore- 452001, Madhya PradeshBKID00088084520130190731-2449173, 2449901
Palasia Housing And FinancePalasia Housing & Pers. Finance, Mourya Centre, 16 Dr Rs Bhandari Marg, Indore-452001, Madhya PradeshBKID0008809452013024
Vijay NagarVijay Nagar (Indore), Gf - A, Scheme No. 54, Near Sica School, Main, Indore-452002, Madhya PradeshBKID00088104520130200731-2558159
Shramik ColonyRao(M.P.), 37, Shramik Colony, Bombay-Agra Road, Rao, 453331, Madhya PradeshBKID0008811452013016
Rajendra Nagar2-C, Alankar, Rajendranagar, , Indore, 452012, Madhya PradeshBKID00088144520130140731-2321143, 2321486
Mhow334A, Simrole Road, Mhow, 453441, Madhya PradeshBKID000881645201302107324-272634, 273339

Products Offered by Bank of India in Indore

Bank of India (BOI) welcomes you with an extensive range of financial products to choose from. These products come handy in your bid to fulfill your wishes, which can be anything. From roaming along the mesmerizing beaches of the Caribbean Islands to purchasing a 10-storey building, wishes can go to any direction and the horizon. With a view to letting you achieve your dream, an extensive loan of loans such as home loan, car loan, personal loan and much more are available from the bank to choose from.

Basic Details of Bank of India Loans in Indore

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
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
Upto 30 Years
BOI Star Personal Loan SchemeSalaried employees, professionals, pensioners are eligibleUpto ₹ 5 lakhs-10 lakhs11.90% - 13.90%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 You Need to Present to Get Loans from Bank of India in Indore

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-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-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-Audited Balance Sheet and Profit & Loss Account Statement for the Last 3 Years

Equitable Home Security

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