BOI Star Kisan Ghar: If you are a Bank of India customer who is also a farmer, the bank is now offering you fantastic deals. The Bank of India is offering you a loan of up to 50 lakhs to help you build a house.
BOI Star Kisan Ghar: The farmers had excellent news for the new year. Bank of India, one of the country’s largest public sector banks, has offered a slew of new farm-related services. ‘Star Kisan Ghar,’ a special loan scheme for farmers, has been introduced by the bank.
Farmers will be able to get low-interest loans for everything from house construction to house repair under this system. The bank also provides ample time for the farmers to repay this loan.
Customers of BOI will get profit.
This particular scheme would be available to Bank of India clients. Actually, BOI started this program just for their clients. Please explain the advantages of the particular scheme.
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A loan of up to Rs 50 lakh is available.
The Bank of India is providing significant assistance through this particular scheme. Keep in mind that this program is only available to a select few farmers. Only those farmers who need to build a farmhouse on their agricultural land or repair or upgrade their current house will be eligible for assistance.
Farmers can now construct their dream home with relative ease. Farmers would be able to borrow between Rs 1 lakh and Rs 50 lakh at an interest rate of 8.05 percent. Farmers will have up to 15 years to pay back the loan.
For repairs, a sum of ten lakh rupees will be provided.
This Bank of India scheme is only available to farmers who have a KCC account. Farmers would be provided a financial facility ranging from Rs 1 lakh to Rs 50 lakh under this special scheme to build a new farmhouse or dwelling. Aside from that, farmers would be offered loans ranging from Rs 1 lakh to Rs 10 lakh to repair or renovate their current homes.
There is no requirement to submit an ITR.
The most essential aspect is that there will be no requirement for farmers to receive IT returns under this program. You can learn more about Bank of India’s ‘Star Kisan Ghar’ loan plan by clicking on this link. You can also go to your nearest BOI branch or call the bank’s toll-free line at 1800 103 1906.
