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Bank of India Personal Loan

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Valid till 31st March '26*T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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15.5L Reviews

5.7cr+Satisfied Customers
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₹65k Cr+Loans Disbursed
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Competitive Interest Rates

Curated offers from 30+ lenders

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Very Less Turnaround Time

Money in your account instantly

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100% Online Loan Processing

Offers ranked according to eligibility

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Minimal Documentation Required

Hassle-free & paperless

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%

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Compare & Choose the Best Offer

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Know Your Chances of Approval

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About Bank of India Personal Loan

  • Bank of India offers tailor made loans to meet the personal needs of its applicants at competitive interest rates.
  • The lender offers quick loan disbursal with minimal documentation.
  • The bank does not levy any processing charges for differently abled borrowers.
  • Women borrowers are offered a concession of 0.50% on Bank of India personal loan interest rates.
  • Bank of India offers special rates for doctors, salary account holders, PSU and government employees.

Bank of India Personal Loan Highlights

  • Interest rate: 10.85%-16.15% p.a.
  • Loan Amount: Up to Rs 25 lakh
  • Loan Tenure: Up to 7 years
  • Processing Fees: 0.50%-1% (Minimum Rs 250 and Maximum Rs 15,000)

Bank of India Personal Loan Interest Rates

Bank of India Personal Loan interest rates start from 10.85% p.a. It offers personal loan interest rates based on the applicant type, loan type and applicant’s existing relationship with the bank. While the bank has not disclosed interest rate differentiation based on the credit score, monthly income, job profile, employer’s profile, etc. of its personal loan applicants, Indian Bank may also consider these factors, just like many lenders do, while setting its personal loan interest rates.

Floating rates

Clean/Unsecured 13.85% p.a.
Financing secured under tie-up arrangements 12.85% p.a.
For senior citizens above 60 years of age and above and loan amounts up to Rs 50,000 11.85% p.a.
Star Pensioner Loan Scheme 10.85% p.a.
Star Suvidha Express Personal Loan Salaried/Pensioner- 10.85% p.a.; Others- 11.85% p.a.

Fixed Rates

Clean/Unsecured 16.15% p.a.
Financing secured under tie-up arrangements 15.15% p.a.
For senior citizens above 60 years of age and above and loan amounts up to Rs 50,000 14.15% p.a.
Star Pensioner Loan Scheme 13.15% p.a.
Star Suvidha Express Personal Loan Salaried/Pensioner- 13.15% p.a.; Others/NRI- 14.15% p.a.

Comparison Table of Personal Loan Interest Rates for Various Lenders

Banks/NBFCs Interest Rates(p.a.)
Bajaj Finance 10% - 30% p.a.
Axis Bank 9.99% onwards
IndusInd Bank 10.35%* onwards
IDFC FIRST Bank 9.99% onwards
HDFC Bank 9.99% onwards
ICICI Bank 9.99% onwards
Kotak Mahindra Bank 9.98% onwards
Tata Capital 10.99% onwards

*when applied through Paisabazaar
Last updated on 9th February 2026

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Bank of India Personal Loan Fees and Charges

Type Processing Charges
Star Personal Loan 1% of the loan amount (Minimum Rs 2,500; Maximum – Rs 15,000)
For Senior Citizens- NIL
Star Pensioner Loan Scheme Senior Citizen (60 years & above)- NILFor others- One time @ 0.50% (Rs 250-Rs 1,000)
Star Suvidha Express Personal Loan 1% of the loan amount (Minimum Rs 2,500; Maximum – Rs 15,000)

Also know about the personal loan processing fee.

Types of Bank of India Personal Loans

BOI Star Personal Loan

  • Purpose: Bank of India offers a regular personal loan scheme to fulfill all the personal financial requirements of the applicants like marriage, education, medical, etc.
  • Loan Amount: Up to Rs 25 lakh
  • Tenure: Up to 7 years

BOI Star Pensioner Loan

  • Purpose: Bank of India Pension loan scheme fulfills the personal financial needs of the pensioners/family pensioners.
  • Loan Amount: Up to Rs 10 lakh
  • Tenure: Up to 5 years

Star Suvidha Express Personal Loan

  • Purpose: Bank of India offers a special personal loan scheme, Star Suvidha Express Personal Loan scheme to its select customers.
  • Loan Amount: Up to Rs 20 lakh
  • Tenure: Up to 7 years

Star Mitra Personal Loan

  • Purpose: BOI Star Mitra Personal Loan scheme is a special scheme offered to differently abled individuals to finance the purchase of sophisticated aids or appliances and durables to promote their physical and social rehabilitation.
  • Loan amount: Up to Rs 2 lakh
  • Tenure: Up to 5 years

Eligibility Criteria for Bank of India Personal Loan

BOI Star Personal Loan

  • Salaried, self-employed and professionals are eligible for BOI Star Personal Loan.
  • Groups of permanent and confirmed employees can also avail personal loans from the Bank of India.
  • The maximum age of the applicant at the time of loan maturity should be 70 years.

Also know about personal loan for salaried individuals in detail

For Pensioners

  • The maximum age of the applicant should be 75 years at the time of loan maturity.
  • Regular pensioners/family pensioners drawing pension through Bank of India.

For Star Suvidha Express Personal Loan

  • Salaried individuals having salary accounts with Bank of India.
  • Existing salaried home loan borrowers of Bank of India.
  • Maximum age at the time of loan maturity- 75 years.

BOI Star Mitra Personal Loan

  • Salaried, self-employed individuals and professionals are eligible for the Start Mitra Personal Loan scheme.
  • The maximum age of the applicant at the time of loan maturity should be 70 years.

Bank of India may also consider the monthly income and credit score of its applicants, just like other banks and NBFCs do to check personal loan eligibility of their applicants.

Documents Required for Bank of India Personal Loan

  • ID Proof- Passport/PAN/Voter ID/Driving License
  • Address Proof- Driving License/Aadhar Card/Passport/Latest telephone bill/Latest electricity bill/Latest piped gas bill
  • Income Proof- Latest 6 month salary slip and 1 year ITR/Form 16 for salaried individuals; last 3 years ITR with CA certified Computation of Income/Profit & Loss Account/Balance Sheet/Capital Account Statement

Bank of India Personal Loan Customer Care

Call Centre is available 24×7

Toll Free Numbers- 1800 103 1906

Chargeable Number- (022) – 40919191

Also know about Bank of India Personal Loan customer care numbers and grievance redressal in detail

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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FAQs

Bank of India has not specified the disbursal time for personal loans. However, most banks/NBFCs usually take 2-7 working days for the disbursal of personal loans. Some lenders also offer pre-approved instant personal loans to select customers. To apply with lenders offering personal loans with quicker disbursal.

Bank of India offers personal loans at floating and fixed interest rates.

Bank of India has not specified the cut-off credit score for personal loan applicants. However, applicants with credit scores of 750 and above have higher chances of availing personal loans at lower interest rates.

No, Bank of India offers BOI Star Pensioner Loan to regular pensioners or family pensioners drawing monthly pension from Bank of India.

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What our customers say

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I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026

Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Sadia KhatunJan 15, 2026

Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

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Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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