BOI Star Diamond Home Loan (High Value)
Primary Lending Institution:Bank of India
₹50 Lakh to ₹20 Crore home loan at 8.40% – 9.05% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible. Minimum loan ₹50 Lakh.
What is BOI Star Diamond Home Loan (High Value)?
Premium home loan product for high-net-worth salaried professionals and established corporate executives purchasing luxury residential property.
Key Benefits & Features
Concessional interest rate for high-value loans; dedicated relationship manager; discounted processing fee; priority legal appraisal.
Property & Project Eligibility Requirements
RERA registered luxury condominium, villa, or premium gated community.
Borrower Eligibility Criteria
Senior corporate executives, doctors, CAs, and business owners with net annual income exceeding ₹12 Lakh.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://bankofindia.co.in/star-diamond-home-loan with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for BOI Star Diamond Home Loan (High Value)?
The maximum repayment tenure offered for BOI Star Diamond Home Loan (High Value) is Up to 30 years, subject to borrower's age not exceeding 70 years at loan maturity.
What are the processing charges and prepayment rules for BOI Star Diamond Home Loan (High Value)?
The processing fee is 0.15% (Max ₹15,000) + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for BOI Star Diamond Home Loan (High Value)?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does BOI Star Diamond Home Loan (High Value) require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible. Minimum loan ₹50 Lakh.