Bank of India Kochi
Last Updated : Feb. 14, 2017, 12:55 p.m.
About Bank of India
Over hundred autumns ago, came the time for Bank of India (BOI) to emerge at the helm of few wise men from Mumbai. It was September 1906 when that monumental event took place. It kept doing good work under the private control for over 6 decades. The year 1969 was the time when the Government of India took over the bank from the private management. And from then to now, the bank has been constantly treading the path of success through its philosophy of providing customized products and services. In this glorious journey, the bank has also seen it going to the capital market with the public issue in 1997 and saw its Qualified Institutional Placement (QIP) in 2008.
In all these years, the bank has managed to stay competitive in many verticals like corporate banking, retail banking, MSME banking, rural banking and others. The bank has qualified professionals to undertake different tasks at different regions of the country. In cities, it has general banking officers familiar with the behavioural traits of the consumers. Similarly, the bank has rural correspondents to align with the banking needs of the population in those areas.
If we talk about the presence of the bank, it is impressive with over 5,000 branches across the country. The bank has set up 50 zonal offices to make sure the operation of branches is in top order. It also has a decent presence in Kochi with about 10 branches located in the city. Let’s find out the Kochi branches of BOI in a table below.
Bank of India Kochi Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Kochi | C C Vi/96 (A) Bazar Ro, Mattancherry, Kochi- 682002, Kerala 682002, KERALA | BKID0008510 | 682013005 | 0484-2224575, 2225339 |
| Ernakulam Service Branch | M.G. Road, Kochi-682016, Kerala | BKID0008585 | 682013001 | 0484-2372225, 2370352 |
| Ernakulam Mid Corporate Branch | Ernakulam Mid Corporate Branch, Manavalan Building, Jawahar Nagar East, Vyttila, Kochi-682019 | BKID0008518 | 682013023 | |
| Ernakulam | Ernakulam, At Kannankeri Estate, Shanmugham Road , Ernakulam- 682031, Kerala | BKID0008500 | 682013002 | 0484-2354508, 2372225 |
| M G Road (Ernakulam) | M G Road(Ernakulam), Xxxv/1301 - 2, Collis Es, M. G. Road, Kochi-682016, Kerala | BKID0008501 | 682013009 | 0484-2353683, 2353857 |
| College Ground | College Ground, P.B.No.1088, M. G. Road, Ernakulam, Kochi-682011, Kerala | BKID0008502 | 682013004 | 0484-2360696 |
| Ernakulam NRI | Ernakulam NRI, Collis Estate, Ravipur, M.G.Road, Ernakulam, K, Ernakulam, 682016, Kerala | BKID0008503 | 682013003 | 0484-2365158, 2370352 |
| Ernakulam Housing Finance & Personal Banking | Ernakulam Housing Finance, Kaloor Tower, Kaloor, Kadavanthara Road, Kochi, 682017, Kerala | BKID0008504 | 682013010 | 0484-2536036 |
| Willingdon Island | Willingdon Island, Post Box No. 540, Willingdon Island, Kochi, 682003, Kerala | BKID0008511 | 682013006 | 0484-2666265, 2668471 |
| Kakkanad | Kakkanad, 10/164C, Thadathil Bld, Airport Rd, Kochi- 682030, Kerala | BKID0008512 | 682013021 | |
| Kalamassery South | Kalamassery South, University P.O., Kalamassery South, Kochi- 682022, Kerala | BKID0008569 | 682013007 | 0484-2555890, 2555540 |
| K P Vallon Road | K P Vallon Road Kadavanthara Junction Kochi-682020, Kerala | BKID0008587 |
Products Offered by Bank of India in Kochi
Bank of India and you get your desired financial products to keep banking with it. Depending upon the magnitude and type of wishes you have, the bank will provide the products attuned to the same. The products offered by the bank generally include a personal loan, home loan , car loan, loan against property and others.
Basic Details of Loans from Bank of India in Kochi
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| BOI Star Home Loan | Salaried employed, self-employed businessmen, professionals, HUF, NRIs, PIOs, corporate and partnership firms are eligible | Upto ₹ 5 Cr | 8.85% onwards | 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 Scheme | Salaried employees, professionals, pensioners are eligible | Upto ₹ 5 lakhs-10 lakhs | 10.35% - 14.85% | 2% of the loan amount | Upto 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 eligible | Upto ₹ 50 Lakhs-2 Crores | 6.85% onwards | ₹ 500 per application+service tax as applicable | Upto 7 years |
| BOI Star Loan Against Property | Salaried, self-employed, partnership firms, people with high net worth are eligible | 48 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 Loan | Students 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 to be Submitted to Access Loans from Bank of India in Kochi
| Documents | Salaried | Self-employed |
|---|---|---|
| BOI Star Home 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 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 Scheme | 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 | |
| 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 Property | 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 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 |