Bank of India Personal Loan

Bank of India Personal Loan Features

Bank of India Personal Loan Eligibility Criteria Details
Bank of India Personal Loan Interest Rate 9.75% p.a.
Bank of India Personal Loan Lowest EMI per lakh Rs 2112
Bank of India Personal Loan Tenure 12 to 60 months
Bank of India Personal Loan Processing Fee 1% to 2% of Loan Amount
Bank of India Personal Loan Prepayment Charges Allowed after 12 Months (2 – 4 %)
Bank of India Personal Loan Part Payment Charges Allowed after 12 Months (2 – 4 %) 
Bank of India Personal Loan Min Loan Amt ₹ 50,000
Bank of India Personal Loan Max Loan Amt ₹ 75 Lakh

Why Bank Of India Personal loan?

  1.  Simple documentation.
  2.   Competitive pricing.
  3.   Personal loan disbursal in just 2 days*.
  4.  Transparent procedure.
  5.   Personal loans are available for various needs.

What does Bank of India offer?

  1.  You can know your Personal loan eligibility in 1 minute, available online and across all branches.
  2. BOI has highly competitive interest rates for personal loans.
  3.  Special offers on interest rates and nominal charges for BOI account holders.
  4. Personal loan offers* for women employees.

Bank Of India Personal Loan Documents

BOI offers you personal loans with simple and easy documentation process (though documentation varies from individual to individual). It is based on your profession, income and loan requirement. Documents required are:

  1. Proof of identity: Passport / voter ID card / driving license.
  2. Last 3 months bank statement / 6 months bank passbook.
  3. Salary slips / current dated salary certificate with the latest Form 16.
  4. Proof of address: Copy of ration card / telephone or electricity bill / rental agreement / passport.

Bank of India Personal Loan Eligibility Criteria:

Regular Income Group: In this group comes salaried doctors, Chartered Accountants, employees of private limited companies, employees from public sector undertakings including central, state and local bodies.

You are eligible if you are:

  1. Age: 21-60 years.
  2. Employment: Have had a job for at least 2 years, and a minimum of 1 year with your current employer.
  3. Minimum Income: Minimum income requirement is Rs. 12,000/- per month. It goes up to Rs. 15,000/- if in Mumbai, Delhi, Bangalore, Chennai, Calcutta, Ahmedabad, Cochin.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.25% – 14.50%

ICICI Gold Loan

7.25% – 16.10%
Muthoot Finance Gold Loan

7.25% – 24.00%

Axis Bank Gold Loan

7.25% – 17.00%
Manappuram Gold Loan

7.25% – 26.00%

Yes Bank Gold Loan

7.25% – 15.99%
Bank of India Gold Loan

7.25% – 26.00%

Federal Bank Gold Loan 

7.25% – 13.50%
IIFL Gold Loan

7.25% – 12.00%

Central Bank of India Gold Loan

7.25% – 14.65%

Canara Bank Gold Loan

7.25% – 12.65%

Allahabad Bank Gold Loan

7.25% – 10.45%

Induslnd Bank Gold Loan

7.25% – 15.75%
PNB Gold Loan

7.25% – 11.75%

Bajaj Finance Gold Loan

7.25% – 26%
SBI Gold Loan

7.25% – 15.99%

Indian Bank Gold Loan

7.25% – 15.99%
UCO Bank Gold Loan

7.25% – 26.00%

Kotak Mahindra Bank Gold Loan

7.25% – 13.50%
Syndicate Bank Gold Loan

7.25% – 12.00%