Bank of India Star Diamond Home Loan Scheme

  • Home Loan By Property
  • Home Loan By Profession
  • Home Loan By Scheme
  • Home Loan By Amount

For all your dreams of high-end penthouses, luxurious villas and sea view apartments, the Bank of India Star Diamond Home Loan is the perfect financial partner. This high-end home loan is specifically designed to open gates to the most expensive of residential developments, offering an aspirational and premium lifestyle to its borrowers. The loan offers ready financial assistance for borrowers looking for prestigious properties and deluxe houses.

Urban Money provides end-to-end support in the Star Diamond Loan’s application process. Here, we cover the various aspects of the loan and discuss it in complete detail. Keep reading to find Bank of India Star Diamond home loan scheme interest rate and more!

Get in Touch for Home Loan Expert Advice
Connect with our Home Loan Advisor Now!
  • Personalized Home Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Home Loan Interest rate comparison
+91
Choose City

Table of Content

1. Bank of India Star Diamond Home Loan Highlights

2. Bank of India Star Diamond Home Loan Features and Benefits

3. Bank of India Star Diamond Home Loan Interest Rates

4. Bank of India Star Diamond Home Loan Fees and Charges

5. Bank of India Star Diamond Home Loan Eligibility Criteria

6. Bank of India Star Diamond Home Loan Documents Required

Read more
Written By
Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
Reviewed By
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Bank of India Star Diamond Home Loan – Highlights

Here is a quick overview of the BOI Star Diamond Home Loan.

Loan Category Home Loans
Loan Amount Higher than 7.5 crore
Maximum Loan Tenure  30 years
Interest Rates 8.30% to 9.65% p.a.
Security The concerned property to be mortgaged with the bank

Bank of India Star Diamond Home Loan – Features and Benefits

The Star Diamond Home Loan offers the following benefits to its borrowers:

  • Digital Applications
  • Overdraft Facility
  • 36 months moratorium period
  • Balance Transfer and Top-Up Facility
  • No prepayment penalty
  • Step Up/ Step Down EMIs
  • Minimal Documentation 

Bank of India Star Diamond Home Loan Interest Rates

BOI Star Home Loan’s interest rate ranges from 8.30% to 9.65% p.a.. The interest rate is linked to the credit score of an applicant. The better the score, the lower the interest rate will be. Moreover, interest is calculated on the loan using the reducing balance method, levying interest charges only on the outstanding loan amount. This results in lower interest payments and higher savings.                          

Bank of India Star Diamond Home Loan Fees and Charges

Other than the BOI Star home loan interest rate, the following charges apply to the loan.

Processing Charges NIL
PPC For Individuals 2.50% of the loan amount 
PPC For Others 0.50% of the loan amount

Bank of India Star Diamond Home Loan – Eligibility Criteria

Bank of India Star Diamond home loan scheme eligibility is based on the following factors:

  • Eligible Borrowers: Self-Employed/ Salaried Individuals/ Corporates/ HUF
  • Minimum Age: 18 years
  • Minimum Income: 1 crore and above, continuously for the last 3 years.
  • High Credit Score

Bank of India Star Diamond Home Loan – Documents Required

The following documents should be kept handy while applying for a BOI Star home loans:

For Individual Borrowers:

  • ID Proof: Aadhar Card/ Driver’s License/ Voter’s ID
  • Address Proof: Utility Bills/ Aadhar Card
  • Income Proof: 6 months’ salary slips/ Form 16/ Balance Sheet and P&L account for last 3 years

For Group Borrowers:

  • KYC of Partners and Directors
  • Copy of Firm’s PAN Card
  • Regd. Partnership Deed/MOA/AOA
  • Incorporation Certification
  • Audited Financial Records for the last 3 years
  • Account Statement for the last 1 year

Quick Links

Loan Offers By Bank Of India's

Home Loan by Private Bank

Home Loan by Nationalized Bank

Home Loan by NBFC

Home Loan Calculators

Bank Of India Calculators

Bank wise Home Loan Calculators

Bank Wise Home Loan Interest Rate

Urban Money

Disclaimer:

The website may provide information about various loan products, insurance products, credit scores & links to other websites or resources over which urbanmoney.com does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that urbanmoney.com is providing these information & links only as a convenience, and further agree that urbanmoney.com is not responsible for the veracity of such information. Please note that users are advised to independently verify the information & do other requisite due diligence before making any decision and that urbanmoney.com nor its employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website.  And further that user’s use of links to such external websites are subject to the terms of use and privacy policies located on those sites.

© 2025 www.urbanmoney.com. All rights reserved.