Your Wallet
Bank of India waives processing fees on home and car loans till March 2027
Borrowers with a CIBIL score of 725 or more can skip the fee; EV car loans qualify regardless of score.
In short
100%processing fee waived
- Valid till 31 March 2027
- CIBIL 725+ needed
- EV car loans: no score cut-off
What's on offer
Bank of India is waiving 100% of processing charges on home loans and new car loans until 31 March 2027. Individuals need a CIBIL score of 725 or above. It covers regular home loans, top-ups and loans moved over from other banks, subject to the bank's rules.
Loans for electric cars get the waiver whatever the credit score.
Worth knowing
A fee waiver doesn't guarantee approval; normal eligibility checks still apply. Before switching, compare the interest rate too — over a 20-year home loan, a small rate difference matters far more than a one-time fee.
