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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 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 15th 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

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