Bank of India Reduces Home Loan Rates by 25 Basis Points for New and Existing Customers

Bank of India, one of the leading public sector banks in India, has announced a reduction of 25 basis points in its home loan interest rates, benefitting both new and existing customers. With this revision, the home loan rate stands reduced from 8.10 % p.a. to 7.90% p.a. based on CIBIL score. This move is aimed at making home ownership more accessible and affordable, in line with the Bank’s ongoing commitment to support customers in achieving their financial goals. The revised rates come into effect from the 15^th April 2025 

In addition to home loans, Bank of India has also reduced interest rates by 25 basis points across select existing retail loan products, including vehicle loan, personal loan, loan against property, education loan and Star reverse mortgage loan. This adjustment reflects the Bank’s proactive approach to passing on the benefits of favourable market conditions to its customers, while continuing to offer competitive and customer-friendly lending solutions.