1. Bank of India (BoI) under its festive offer for retail products is offering home loans at concessional interest rate with no processing charges.
2. The bank has waived loan processing charges and will provide home loan at concessional rates. Home loan of up to ₹30 lakh would be available at 8.35% while loan above ₹30 lakh would be linked to repo rate.
3. The bank has also launched an SME welcome offer, loans between ₹50 and ₹5 crore would be available at concessional rate depending on value of security.
4. Customers can avail cheaper loans with added benefits such as waiver in processing fees, pre-approved digital loans and loans with no escalation in interest rates spread across various categories.