Bank of India Jammu

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About Bank of India

Bank of India (BOI), a name that must have crossed your mind when it comes to availing a loan or opening deposit accounts, isn’t it. From the day of its foundation over a century in 1906 to today’s times of controlling the function of more than 5,000 branches, the bank has gone quietly on its way to glory by providing a rich vein of products customized to address the requirements of a wider section of the population. With years of vigil in the banking space, BOI has managed to carve an impression that reads, products are for all. It simply means you can serve all your needs here. It is by the virtue of its customization, BOI today is a force to be reckoned with when it comes to providing the top-notch services to retail, corporate MSME, rural and NRI customers.

Go into the years that went by, you will see the bank was founded by few influential businessmen with a paid-up capital of ₹ 50 lakhs. Now, the bank’s revenue is into crores. Similarly, a headcount of 50 in 1906 has now gone into bigger thousands, expanding the reach of BOI among a wider pool of customers. So, what are you waiting for? Join Bank of India in your bid for a merry financial run. Even the hilly areas of Jammu is tapped by BOI, which has nearly 10-15 branches there. Bank with your nearest branch of BOI by taking a look at the table below.

Bank of India Jammu Branches

Branch NameComplete AddressIFSCMICRContact Detail
Maulana Azad RoadMaulana Azad Road, Shrinagar, Jammu & Kashmir-190001BKID0007900190013002
JammuJammu, Vir Marg, Residency Road, Jammu, Jammu & Kashmir-180001BKID00079011800130020191-2573025, 533138
UdhampurPost Box-5, 23/11, Mukherjee Bazar, Court Road-149001BKID0007903182013001
DalgateDalgate, Khaibar Chowk, Opp. Khaibar Hospital, Srinagar Jammu & Kashmir-190001BKID0007904190013003
SatwariSatwari, 19, Satwari, Jammu, Jammu, Jammu & Kashmir-180003BKID00079061800130030191-2450918, 2454206
GangyalP.C.D.A Complex, Jammu Cantt. BKID0007911180013004
Jammu Mid CorporateSewa Complex Opp Fire Station, National Highway Gangyal, Jammu-180010BKID00079121800130050191-2480363
VijaypurMain Bazar , Near Mini Bus Stand, V& Po Vijaypur, Distt. Samba, Jammu & Kashmir-184120BKID0006358
KatraBhawanis Paradise Hotel, Jammu Road, Katra, Jammu & Kashmir-182301 BKID0007913
KathuaKathua Branch Neeraj Mall, Shahidi Chowk, Ward No 5, District Kathua, Jammu & Kashmir- 184101BKID0007914

Products Offered by Bank of India in Jammu

Get ready to be welcomed with an extensive product range at Bank of India in Jammu branches. Whatever your needs are, the Jammu branches of the bank are full of customized products. Be it a personal loan to bring home the high-definition television or a suitable home loan to take you to your dream home, the bank has what you need. So, why not know about those products and let your wishes get fulfilled? What do you think, folks? I am sure, you will approve of this idea. So, let’s explore the products of BOI through a table outlined below.

Basic Product Details of Bank of India in Jammu

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 Access Loans from Bank of India in Jammu

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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