Star Diamond Home Loan

Home ownership is an aspiration for many, and in bustling metropolitan cities where luxury is not just a desire but a status symbol, owning a premium property becomes a statement of one’s achievements. If you’ve ever imagined stepping into a lavish residence that mirrors your accomplishments, the STAR DIAMOND HOME LOAN might just be your key to unlocking this dream. In this blog, we dive deep into the intricacies of this esteemed home loan product.

The Joy of Owning a Home without the Burden

The tagline itself, “Joy of owning a home without burden”, sets the tone for what the STAR DIAMOND HOME LOAN offers. As we navigate through the urban landscapes, the challenges of finding suitable financing for luxury properties can be daunting. However, with the STAR DIAMOND HOME LOAN, you can embark on your home buying journey with confidence. So, what makes this loan unique?


Designed specifically to finance premium properties, the STAR DIAMOND HOME LOAN assures a seamless experience. With minimal processing, competitive interest rates, and backed by the trust and legacy of the Bank of India, this home loan product stands out. The aim is clear – to simplify the process for those wishing to purchase luxurious residential properties in prime metropolitan locales.

Moreover, the online application process has been streamlined to offer simplicity and convenience. Thus, allowing potential homeowners to apply from the comfort of their homes or offices. Truly, stepping into the world of luxury living has never been this easy.

Features at a Glance

Quantum of LoanAbove 7.5 Cr
Maximum QuantumUp to 8% of Pure Value of Property
Repayment TenureUp to 360 months
Moratorium PeriodUp to 36 months
Smart Home LoanOD facility for entire balance @ROI of Home Loan
Takeover/Balance TransferFacility with additional loan amount
Top Up LoanInstant availability
Loan for Property ModificationsAddition/extension/renovation
Insurance InclusionPremium considered under Project Cost
Flexible EMIStep up/Step Down facility

Distinct Advantages of Star Diamond Home Loan

Among its numerous benefits, a few stand out:

  • Attractive low-interest rates that won’t burn a hole in your pocket.
  • The paperwork is minimal, ensuring a hassle-free application process.
  • There are no hidden charges, ensuring transparency.
  • Importantly, there’s no prepayment penalty, granting flexibility to borrowers.

Transitioning into the eligibility criteria, it’s designed to be inclusive.

Eligibility Criteria for BOI Star Diamond Home Loan

To avail the STAR DIAMOND HOME LOAN, it’s imperative to meet certain eligibility benchmarks set by the institution. Let’s navigate through these criteria to ascertain if you’re the ideal candidate:

Who’s Eligible:

  • Resident Status:
    • Resident Indian
    • NRI
    • PIO
  • Applicant Type:
    • HNI Individuals: This can include those who are:
      • Salaried
      • Self-employed
      • Professionals
    • Non-individuals: Entities such as:
      • Group/Association of Individuals
      • HUF
      • Corporates

Financial Prerequisites:

  • A consistent financial background, with a minimum average gross income of Rs. 1 Cr & Above during the last 3 years.

Age Factor:

  • The age range is set between 18 to 70 years, where 18 is the minimum age to apply, and 70 should be the maximum age at the time of final repayment.


  • It’s worth noting that trusts are not considered eligible under this loan scheme.

Interest Rates and Other Charges

The rate of interest is intrinsically linked with the CIBIL Personal Score for individuals. It ranges between 8.30% to 9.65%, calculated on a daily reducing balance.

Documentation Simplified

Applying for the STAR DIAMOND HOME LOAN requires certain necessary documentation. Here’s a breakdown to ensure a seamless process:

For Individuals:

Proof of Identity – Choose any one from the following:

  • PAN
  • Passport
  • Driver’s Licence
  • Voter ID

Proof of Address – You can submit any one of these:

  • Passport
  • Driver’s Licence
  • Aadhar Card
  • Latest Electricity Bill
  • Latest Telephone Bill
  • Latest Piped Gas Bill

Proof of Income:

  • For salaried individuals: Latest 6 Month Salary/Pay Slip and One year ITR/Form16
  • For those self-employed: Last 3 years ITR complemented with Computation of Income, Profit & Loss Account, Balance Sheet, and Capital Account Statement

For Other than Individuals:

The documentation extends a bit further, considering the nature of entities:

  • KYC of Partners/Directors
  • PAN Card copy of Company/Firm
  • Registered Partnership Deed/MOA/AOA
  • Certificate of incorporation, where applicable
  • Account statement for the last 12 months
  • Firm’s Audited Financials for the past 3 year

The STAR DIAMOND HOME LOAN isn’t just a financial product; it’s a gateway to upscale living. With its numerous features, benefits, and a flexible approach, this home loan promises to be a companion in your journey towards luxury home ownership. So, if you’ve been on the fence about purchasing that dream home, now might be the time to take the leap. Experience grandeur, opulence, and the joy of home ownership with STAR DIAMOND HOME LOAN. Apply today!

Also check home loans from other banks

LenderHome Loan Interest Rates (Above 75 lakhs)Home Loan Interest Rates (Above 30 lakhs to 75 lakhs)Home Loan Interest Rates (Up to 30 lakhs)
LIC Housing Finance8.50% – 10.75%8.50% – 10.55%8.50% – 10.35%
State Bank of India8.50% – 10.05%8.50% – 10.05%8.50% – 10.15%
HDFC Bank Limited8.40% onwards8.40% onwards8.40% onwards


What is the maximum tenure BOI offers home loan for

The maximum tenure for the home loan is 20-30 years (but the tenure of the loan can also change based on the scheme.)

Are BOI housing Finance interest rates fixed or floating?

Offers both fixed and floating interest rate options for home loans. With a fixed rate, the interest remains constant throughout the loan tenure, while with a floating rate, it fluctuates with the market condition.

How is Interest Rate Determined for BOI Home Loan

BOI determines the interest rate based on factors like the loan amount, loan tenure, CIBIL Score, and the type of interest rate (fixed or floating) chosen by the borrower.

How can I calculate the EMI for BOI Home Loan?

You can calculate the EMI for using any online EMI Calculator

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