The BOI Star Top Up Home Loan is a flexible financial product offered by Bank of India, designed for existing home loan borrowers looking to access additional funds. With competitive interest rates and an easy application process, it provides borrowers with a simple way to meet their financial needs.
BOI Star Top Up Home Loan Highlights
| Category | Details |
|---|---|
| Interest Rate | Starting from 8.25% p.a. |
| Moratorium Period | Up to 36 Months |
| Processing Fee | 0.25% of the loan amount (Min ₹1,500 – Max ₹20,000) |
Check Out: Bank Of India Home Loan
Bank Of India Star Top Up Home Loan Interest Rates 2025
The interest rates for the Bank of India (BOI) Star Top Up Home Loan are structured based on the applicant’s CIBIL score and occupation. Below is a detailed breakdown:
| CIBIL Score Range | Interest Rate |
|---|---|
| 825 and above | 8.15% per annum |
| 800 to 824 | 8.35% per annum |
| 760 to 799 | 8.60% per annum |
| 725 to 759 | 8.70% per annum |
| 675 to 724 | 9.30% per annum |
| Below 675 | 10.40% (Salaried) / 10.55% (non-salaried) |
Note: Interest rates may vary based on loan amount, tenure, and eligibility. For the latest rates, visit Bank of India official Star Top Up Home Loan page.
BOI Star Top Up Home Loan Eligibility Criteria
Before applying for a Star Top Up Home Loan, it’s essential to understand the eligibility criteria. Here’s the essential eligibility checklist set by Bank of India.
| Criteria | Details |
|---|---|
| Applicant Type | Resident Indians/NRI/PIO are eligible |
| Age | Minimum: 18 yearsMaximum: 70 years (at loan maturity) |
| Employment Type | Salaried, Self-employed, Professionals, Business Owners |
| Income Requirement | Stable and regular income with valid proof |
| Credit Score | Preferably 700 and above (better rates for higher scores) |
| Co-applicants Allowed | Yes (e.g., spouse, parents, earning children) |
Read More: Bank Of India (BOI) Home Loan Eligibility Criteria
BOI Star Top Up Home Loan Processing Fees
| Applicant Type | Processing Charge |
|---|---|
| Individuals | 0.25% of the loan amount; Minimum ₹1,500 and Maximum ₹20,000 |
| Non-Individuals | 0.50% of the loan amount; Minimum ₹3,000 and Maximum ₹40,000 |
Please note that these charges are exclusive of Goods and Services Tax (GST).
BOI Star Top Up Home Loan Other Fees and Charges
BOI Star Top Up Home Loan includes additional fees such as processing, prepayment, and document charges, which vary based on the service and loan type.
| Fee Type | Details |
|---|---|
| Processing Charges | – Individuals: 0.35% of the loan amount; Minimum ₹3,500 and Maximum ₹30,000. – Non-Individuals: 0.50% of the loan amount; Minimum ₹5,000 and Maximum ₹40,000. |
| Premium for Loans Above ₹2 Crore | An additional premium of 0.25% over the proposed interest rates is charged for Smart Home Loans exceeding ₹2 crore. |
| CRE-RH Home Loans | Commercial Real Estate – Residential Housing (CRE-RH) Home Loans attract an additional 0.50% interest rate. |
| Prepayment Penalty | No prepayment penalty is applicable. |
| Hidden Charges | The loan has no hidden charges. |
| Accidental Insurance Coverage | Free accidental insurance coverage up to ₹5 crore is provided. |
Source: Bank of India – Schedule of Charges
BOI Star Top Up Home Loan USPs
The BOI Star Top Up Loan offers several unique features tailored to meet the additional financial needs of existing home loan borrowers:
- Flexible Loan Utilization: Funds can be used for various purposes, including home furnishing, solar panel installation, or renovation of existing property.
- Attractive Interest Rates: Competitive rates starting from 8.25% per annum, linked to the borrower’s CIBIL score.
- Extended Repayment Tenure: Offers a maximum repayment period of up to 30 years, providing flexibility in managing EMIs.
- Moratorium Period: A moratorium period of up to 36 months is available, allowing borrowers a grace period before repayment begins.
- Minimal Processing Fees: Processing charges are 0.25% of the loan amount for individuals (minimum ₹1,500 and maximum ₹20,000).
- No Prepayment Penalty: Borrowers can repay the loan ahead of schedule without incurring any prepayment charges.
- Free Accidental Insurance: Complimentary accidental insurance coverage up to ₹5 crore is provided, adding an extra layer of security.
For detailed information and personalized assistance, it’s advisable to contact your nearest Bank of India branch or visit their official website.
Check Out: Bank of India Home Loan Eligibility Calculator
BOI Star Top Up Home Loan Documents Required
Documents required for the Bank of India (BOI) Star Top Up Home Loan:
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card, Passport, Voter ID, Aadhaar Card, Driving License |
| Address Proof | Aadhaar Card, Utility Bill, Passport, Rent Agreement, Driving License |
| Income Proof (Salaried) | Latest 3 months’ salary slips, Form 16, Latest ITR, Bank statements (6 months) |
| Income Proof (Self-employed) | ITR for last 3 years, Audited Balance Sheet, Profit & Loss Account, Bank statements |
| Home Loan Account Statement | Statement of the existing home loan account (from BOI or other bank) |
| Property Documents | Sale Deed, Registered Agreement, Occupancy Certificate, Approved Plan |
| Photographs | Recent passport-sized photographs |
Read More: Documents for Home Loan Application
How to Apply to BOI Star Top Up Home Loan?
Time needed: 1 minute
- Visit BOI Branch or Website
Apply through your nearest Bank of India branch or check for online application options on the official website.
- Fill Out Application Form
Complete the loan application form with personal, income, and loan account details.
- Submit Documents
Submit all required documents along with the filled application form.
- Loan Evaluation & Sanction
The bank will verify your documents, evaluate your repayment capacity, and approve the top-up amount.
- Disbursement
Once sanctioned, the top-up loan amount is credited to your account or used as per the loan purpose.
Also Read: Online vs Offline Home Loan Application in India: Which is Better?
Bank of India Home Loan: Other Products
Bank of India offers multiple home loan schemes, each with its own interest rate structure and features.
| Home Loan Scheme | Interest Rate |
|---|---|
| BOI Star Home Loan | 8.10% p.a. onwards |
| BOI Star Diamond Home Loan | 8.25% p.a. onwards |
| BOI Star Smart Home Loan | 8.25% p.a. onwards |
| BOI Star Pravasi Home Loan (NRI Loan) | 8.25% p.a. onwards |
| BOI Star Top Up Loan | 8.25% p.a. onwards |
| BOI Star Home Loan – Furnishing | 8.10% p.a. onwards |
Source: BOI Official Website – Interest Rate Circular
Check Out: Bank of India Home Loan Interest Rates 2025
Compare Top Banks Top Up Home Loan Interest Rates
Compare the latest top-up home loan interest rates offered by leading banks in India to find the most affordable financing option for your additional funding needs.
| Bank Name | Interest Rate |
|---|---|
| HDFC Bank | 9.45% p.a. on words |
| ICICI Bank | 9.00% p.a. on words |
| Axis Bank | 8.75% p.a. on words |
| State Bank of India (SBI) | 8.55% p.a. on words |
| Bank of Baroda | 8.40% p.a. on words |
Get the Best Home Loan Offers with Credit Dharma
Credit Dharma is your trusted partner for securing the best Home Loan offers, with over ₹500 Cr+ loans handled and partnerships with 20+ leading banks. We provide exclusive access to the lowest interest rates and a seamless, digital process with fast approvals in just 1-2 weeks, backed by lifetime support from our home loan experts.
Why choose Credit Dharma? We provide:
- Lowest Interest Rates: Save more with every EMI.
- Maximum Funding: Get up to 100% funding for your dream home.
- Simple & Digital Process: No tedious paperwork or branch visits.
- Expert Guidance: Lifetime support from our team of specialists.
Compare, choose, and secure the best Home Loan offer with Credit Dharma — your home loan journey starts here!
Conclusion
The BOI Star Top Up Loan offers a convenient way to access additional funds on your existing home loan with attractive interest rates and flexible terms. It’s a smart financial solution for home improvements, emergencies, or personal needs without the hassle of a new loan.
For personalized assistance with your home loan, consider scheduling a free consultation call with Credit Dharma today.
Frequently Asked Questions
The BOI Star Top Up Loan is an additional loan facility offered to existing home loan borrowers of Bank of India, allowing them to borrow extra funds over and above their current home loan for personal needs, excluding speculative purposes.
Existing home loan customers of Bank of India with a satisfactory repayment track record are eligible to apply for the Star Top Up Loan
The maximum loan amount is determined based on the applicant’s repayment capacity and the value of the property, ensuring that the total exposure does not exceed 90% of the property’s market value.
The loan offers a maximum repayment tenure of up to 30 years, inclusive of any moratorium period.
Interest rates start from 8.25% per annum and are linked to the applicant’s CIBIL score.
Yes, for individuals, the processing fee is 0.25% of the loan amount, with a minimum of ₹1,500 and a maximum of ₹20,000. For non-individuals, the fee is 0.50% of the loan amount, with a minimum of ₹3,000 and a maximum of ₹40,000.
Applicants need to provide identity proof, address proof, income proof, property documents, and the statement of the existing home loan account.
HDFC Home Loan
SBI Home Loan
