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Bank of India
Bank of India is a public sector bank offering lease rental discounting with competitive terms for eligible applicants.
Interest Rate
8.50% - 10.50%
Processing Fee
Up to 0.75% of loan amount
Max Loan Amount
Up to 70% of discounted rental value
Max Tenure
Up to 10 years (capped at remaining lease term)
Key Benefits
Features
- Loan tenure aligned to lease period
- Funds usable for business expansion or refinancing
Special Offers
- Lower rate for long-term, reputed corporate tenants
Pros & Cons
Advantages
- Lower starting interest rate
- Wide branch network for in-person support
Considerations
- Documentation-heavy, slower processing than private banks
Eligibility
- Leased commercial property with a creditworthy tenant
- Registered lease/rent agreement
- Clear property title
Documents Required
- Lease/rent agreement
- Property documents
- Tenant KYC
- Rental bank statements
Frequently Asked Questions
Important Disclaimer
- All information provided is for reference purposes only and subject to change.
- Interest rates and fees are indicative and may vary based on your profile and market conditions.
- Loan approval is subject to the bank's terms and conditions and credit assessment.
- Processing-fee cashback, where applicable, is credited only after loan disbursal and unlocks upon EMI completion — it is not available for guest applications.
- Please verify all details with the bank before making any financial decisions.
Ready to apply with Bank of India?
Get your processing fee back as cashback after disbursal.
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