Checking your Bank of India Home Loan Application Status is an essential step to track the progress of your loan request. With multiple convenient methods like net banking, the mobile app, and customer care, you can easily stay updated on your application.
This blog will show you how to check your application status using all available methods.
How to Check Bank of India Home Loan Application Status Online?
To check the status of your Bank of India (BOI) Home Loan Application online, follow these steps:
Time needed: 3 minutes
- Visit the BOI Loan Status Tracking Page:
Navigate to the Bank of India Loan Status Tracking page.
- Enter Your Application Details:
Input the application number provided at the time of your loan application. or enter your registered mobile number.
- Submit the Information:
Click on the ‘Submit’ button to view your loan application status.
Also Check: How to Download Bank of India (BOI) Home Loan Statement?
How to Check Bank of India Home Loan Application Status via Mobile Application?
To check your Bank of India Home Loan Application Status via the mobile application, follow these steps:
- Download the BOI Mobile App: Install the app from Google Play Store or Apple App Store.
- Log In: Enter your User ID and Password.
- Go to ‘Loans’ Section: Tap on the ‘Loans’ tab in the app.
- Select Home Loan: Find and select your Home Loan.
- Check Status: View the Application Status in your loan account details.
For any issues, contact 1800 103 1906 or visit the nearest branch.
How to Check Bank of India Home Loan Application Status via Customer Care?
To check your Bank of India Home Loan Application Status via Customer Care:
- Call the Toll-Free Number: Dial 1800 103 1906 or 1800 220 229.
- Provide Application Details: Share your Application Number and any other required information with the representative.
- Receive Status Update: The customer care executive will inform you of your application status.
Note: These helplines are available 24/7 for your convenience.
Read More: Bank of India Customer Care Number
How to Register Bank of India Home Loan Account Online?
To register your Bank of India (BOI) Home Loan Account online, follow these steps:
- Visit the BOI Home Loan Registration Page.
- Fill Out the Form with your Loan Account Number, DOB, and Registered Mobile Number.
- Verify OTP sent to your registered number.
- Create a User ID and Password for online access.
- Log In to your account to manage your home loan.
For assistance, contact 1800 103 1906 or visit your nearest BOI branch.
Also Read: Documents Required for BOI Home Loan
How Long Does It Take to Process a Bank of India Home Loan Application?
The processing time for a Bank of India Home Loan Application usually takes around 7 to 15 working days, depending on factors like document verification, credit score, and internal approval timelines.
To stay updated, applicants can regularly check their Bank of India Home Loan Application Status online via the official BOI portal or contact customer care for updates.
Also Read: Bank Of India (BOI)Home Loan Eligibility Criteria
Why Is My Bank of India Home Loan Application Taking Longer Than the Estimated Timeline?
If your Bank of India Home Loan Application Status shows a delay, it could be due to a few common reasons:
| Reason | Description |
|---|---|
| High Application Volume | A surge in requests can slow down processing times. |
| Document Issues | Missing, unclear, or additional verification of documents may cause hold-ups. |
| Internal Delays | Backend checks, approvals, or system glitches can affect timelines. |
| Complex Profile | Self-employed applicants or property-related concerns may require extra review. |
| Pending Response | Delays in responding to queries from the lender can pause the process. |
Check Out: Bank Of India Home Loan Interest Rates-2025
Is There a Way to Expedite My Bank of India Home Loan Application Status?
Yes, you can speed up your home loan process by following a few smart steps. While checking your Bank of India Home Loan Application Status, make sure you’ve done the following to avoid unnecessary delays:
| Tip | Description |
|---|---|
| Maintain a High Credit Score | A CIBIL score of 700+ increases your chances of quick approval. |
| Clear Existing Debts | Settle all outstanding loans or credit card dues before applying. |
| Apply with a Co-Applicant | Boost your eligibility by adding a co-applicant with strong financials. |
| Understand Loan Details | Be clear about the loan tenure, interest rate, and terms before applying. |
Check Out: Bank Of India Home Loan Eligibility Calculator
After Bank of India Home Loan Approval, How Long Until Funds Are Disbursed?
After your Bank of India Home Loan Application is approved, the disbursement of funds typically occurs within 5 to 15 days. This timeframe can vary based on factors such as document verification, property evaluation, and compliance with the bank’s disbursement procedures.
Can a Co-applicant Check the Bank of India Home Loan Status Independently?
Yes, a co-applicant can check the Bank of India Home Loan Application Status independently, provided they have the necessary loan reference number or credentials linked to the application. Access is usually available through net banking, mobile app, or by contacting customer care.
What happens if a co-applicant wants to withdraw from the application?
If a co-applicant decides to withdraw from a home loan application, it may affect the loan approval process, especially if their income or credit profile was key to eligibility. Here’s what usually happens:
- Eligibility Check: The bank will review if the main applicant still qualifies based on income or credit score.
- Updated Documents: You’ll need to submit new documents showing the change.
- Possible Delay: Removing a co-applicant might slow down the process. You can track updates by checking your Bank of India Home Loan Application Status.
How does a co-applicant’s credit score affect the application status?
A co-applicant’s credit score has a big impact on your home loan approval. Here’s how in simple terms:
- Stronger Application: If the co-applicant has a good credit score, it makes the loan application stronger and may lead to better interest rates and faster approval.
- Better Eligibility: Combining both incomes helps reduce the debt-to-income ratio, which improves your chances of getting the loan.
- Future Benefits: Paying the loan on time improves credit scores for both, making it easier to get loans in the future with better terms.
Read More: Is Adding a Co-Applicant to Your Home Loan the Right Choice for You?
Why Was My Bank of India Home Loan Application Rejected?
A home loan application can be rejected due to several reasons, including a low credit score, insufficient income, unstable employment, high debt-to-income ratio, incomplete documentation, or issues with the property or location. Understanding the specific cause of rejection can help you rectify the issue before reapplying.
If rejected, how soon can I reapply?
If your home loan application is rejected, you can apply again after fixing the issues. It’s usually a good idea to wait 3 to 6 months. Use this time to improve your credit score, pay off any debts, and make sure all your documents are correct and complete.
How can I improve my application if it was previously rejected?
- Improve Credit Score: Pay bills on time, reduce outstanding debt, and maintain a low credit utilization ratio.
- Clear Debts: Pay off existing loans to lower your debt-to-income ratio.
- Correct Documentation: Ensure all documents are accurate and complete to avoid suspicion.
- Stable Employment: Maintain job stability to prove income reliability.
Will a rejection affect my credit score?
Yes, a loan rejection can have a minor impact on your credit score, especially if you apply with multiple lenders in a short period. However, if you improve your credit habits, the effect can be minimal and short-lived.
You can track your progress by checking your Bank of India Home Loan Application Status after addressing the issues.
Read More: Tips to Maintain a High Credit Score
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Conclusion
Tracking your Bank of India Home Loan Application Status helps you stay informed at every stage of the loan process. For quick updates, use online platforms, mobile banking, or contact customer care.
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Frequently Asked Questions
You can track your application status by visiting the Bank of India Loan Status Tracking page. Enter your application number and registered mobile number to view the current status.
Typically, you’ll need your application number and registered mobile number to access your loan status online.
Yes, by logging into the BOI Mobile App, you can navigate to the ‘Loans’ section to track your application status.
Yes, you can visit your nearest Bank of India branch or contact their customer care at 1800 103 1906 for assistance.
The processing time varies, but it typically takes a few weeks. You can monitor the progress using the online tracking system.
Contact Bank of India’s customer service with your personal details to retrieve your application number.
Yes, the bank will notify you via SMS or email upon approval of your loan application.
It indicates that your application is still being reviewed and has not yet reached a final decision.
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