Bank of India offers preferential pricingto consumers with good CIBIL Score  


>>Borrowers availing a home loan of over 30 lakhs to benefit from reduced ROI 


 Bank of India (BOI) is offering preferential pricing to consumers with a good CIBIL Score on a home loan of INR 30 lakhs or more.

This initiative will see the bank offer a home loanat marginal cost of funds based lending rate (MCLR) for consumers with a CIBIL Score of 760 and above. MCLR is the minimum interest rate of a bank below which it cannot lend.

A consumer’s CIBIL Score is a 3-digit numeric summary of the credit information report (CIR) — summarizingthe past credit behaviour and repayment history — and ranges from 300 to 900. The higher the Score, the better are the chances of loan approval. Most banks check a consumer’s CIBIL Score and Report before approving a loan.

Bank of India shared, “We are committed to providing superior, pro-active andinnovative offerings to our customers, helping them access credit wheneverrequired. Consumers with a good credit discipline should be rewarded, as ithelps propagate the importance and need to maintain a good financial history. Our preferential pricing model aims to reward high-scoring home-loan aspirants with competitive ROI,thereby helping them making their dream home a reality.”

Bank of India’snew CIBIL Score-based ROI for home loan above INR30 Lakhs:

CIBIL Score Rate of Interest Offered
≥ 760 MCLR (minimum Home Loan interest rate) for a year
≤ 759 MCLR + 0.10 bps for a year


CIBIL’s Head of Direct to Consumers Interactive, Hrushikesh Mehtacommented, “Bank of India’s CIBILScore based incentivehelps further highlight the need to monitor and build a positive credit profile through good credit habits. This has always been our mantra and we are happy to be aligned with Bank of India on this. We are dedicated to helping consumers have a faster, easier and cheaper access to credit.”

For more information on how to build a good credit profile and a better CIBIL Score, please visit

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