Bank of India Home Loan for Government Employees

  • Home Loan By Property
  • Home Loan By Profession
  • Home Loan By Scheme
  • Home Loan By Amount

Getting a home loan is a big step towards owning your dream house, and it’s especially important for people who work for the government. The Bank of India has special home loan options just for government employees. These loans are great because they understand that government jobs are stable. This way, if you work for the government, these loans can help make it happen without too much stress on your wallet.

Get in Touch for Home Loan Expert Advice
Connect with our Home Loan Advisor Now!
  • Personalized Home Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Home Loan Interest rate comparison
+91
Choose City

Terms and Conditions

CONSENT IN RELATION TO ACCESS TO CREDIT INFORMATION THROUGH Equifax

End-user (customer)hereby consents to Loantap financial technology being appointed as your authorized representative to receive your Credit Information from Equifax on an ongoing basis until the purpose of Credit Risk Assessment. is satisfied or the expiry of 6 months from the date the consent is collected; whichever is earlier.

This End User Agreement (the “Agreement” ) is made between you (the “User” or “You” ) and Urban Money Private Limited hereinafter referred to as “URBAN MONEY ”, a private limited company having its registered office at 1st Floor, Tower A, M3M Urbana Business Park, Sector 67, near M3M Urbana, Gurugram, Haryana 122001. (“Urban Money ”, “Us” or “We”, which term shall include its successors and permitted assigns). The User and URBAN MONEY shall be collectively referred to as the “Parties” and individually as a “Party”.

Table of Content

1. Bank of India Home Loan for Government Employees Highlights

2. Bank of India Home Loan for Government Employees Fees and Charges

3. Bank of India Home Loan for Government Employees Documents Required

4. Bank of India Home Loan for Government Employees Eligibility Criteria

5. Bank of India Home Loan Schemes for Government Employees

Read more
Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Last Updated: 15 December 2025

Bank of India Home Loan for Government Employees – Highlights

Feature Description
Who Are Eligible? Government employees with stable income and good creditworthiness.
Maximum Loan Amount Depends on the borrower’s income, repayment capacity, and property value.
Loan Tenure Up to 30 years, allowing for extended repayment periods.
Margin Varies based on the loan amount and property type.
Upfront Fee It may include processing fees; specific schemes may offer waivers or discounts.

Bank of India Home Loan for Government Employees – Fees and Charges

Here is a chart to help you with your home loan’s interest rate and other charges. 

CIBIL-Personal Score of 825 and above RBLR + CRP 0.00% less BSD 0.95% presently 8.30%
CIBIL-Personal Score between 800 to 824  RBLR + CRP 0.00% less BSD 0.95% presently 8.30% 
CIBIL-Personal Score between 760 and 799  RBLR + CRP 0.00% less BSD  0.65% presently 8.60% 
CIBIL-Personal Score between 725 and 759  RBLR + CRP 0.10% less BSD 0.65% presently 8.70%
CIBIL-Personal Score between 675 and 724  RBLR + CRP 0.20% less BSD 0.35% presently 9.10%  
CIBIL-Personal Score below 675  Salaried RBLR + 1.30 % presently 10.55%

Non-Salaried RBLR + 1.45% presently 10.70%

(For Others) 

RBLR + 1.35% presently 10.60%

RBLR +1.50% presently 10.75%
CIBIL-Personal Score of -1 and 0  RBLR + CRP 0.30% less BSD 0.65% presently 8.90%

Bank of India Home Loan for Government Employees – Documents Required

  • Proof of Identity: PAN, Passport, Driver’s License, or Voter ID.
  • Proof of Address: Recent utility bills, Aadhar Card, or Passport.
  • Employment Verification: Official ID card or employment letter.
  • Income Proof: Recent salary slips, Form 16, or ITR for the last three years.
  • Property Documents: Legal documents related to the property being financed.

Bank of India Home Loan for Government Employees – Eligibility Criteria

Employment Sector: Must be employed in the central, state, or local government.

Stable Income: Demonstrable steady income from government employment.

Creditworthiness: Good credit history to ensure loan repayment capability.

Age Limit: Must not exceed 70 years at loan maturity.

Bank of India Home Loan Schemes for Government Employees

The Bank of India offers special home loan options for people who work for the government. These options come with perks like low interest rates and the chance to pay back the loan over a long time. This is a great opportunity for government workers to own a home without worrying too much about high costs or complicated processes. If you’re a government employee considering a home loan, the best step is to talk to the Bank of India. They can help you find the right plan for your job benefits and financial situation. 

Only one home loan is available, and the portal does not offer any other scheme specialised for government officials.

Frequently Asked Question (FAQs)

How much can a government employee take from a home loan from the Bank of India?

The amount a government employee can borrow from the Bank of India as a home loan depends on their income, repayment capacity, and the property’s value.

What is the maximum age for government employees to repay the Bank of India home loan?

The maximum age at which government employees can repay the Bank of India home loan is 70 years at the time of final repayment.

Who is eligible for Bank of India Home Loan for Government Employees?

Government employees who are resident Indians, including salaried, self-employed, and professionals, are eligible for Bank of India Home Loans.

Quick Links

Loan Offers By Bank Of India's

Home Loan by Nationalized Bank

Home Loan by Private Bank

Home Loan by NBFC

Home Loan Calculators

Bank Of India Calculators

Bank wise Home Loan Calculators

Bank Wise Home Loan Interest Rate

Urban Money

Products & Offers

Loans

Tools & Calculators

Calculator

CIBIL Score

Credit Score

Credit Cards

Credit Cards
Become a Partner

Disclaimer:

The website may provide information about various loan products, insurance products, credit scores & links to other websites or resources over which urbanmoney.com does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that urbanmoney.com is providing these information & links only as a convenience, and further agree that urbanmoney.com is not responsible for the veracity of such information. Please note that users are advised to independently verify the information & do other requisite due diligence before making any decision and that urbanmoney.com nor its employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website.  And further that user’s use of links to such external websites are subject to the terms of use and privacy policies located on those sites.

© 2025 www.urbanmoney.com. All rights reserved.