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Bank of India Personal Loan EMI Calculator

Bank of India personal loan EMI calculator allows the prospective borrowers to calculate their EMIs and total interest cost, and evaluate their loan affordability. Thus, they can plan their repayments beforehand that fit in their monthly budget. Applicants can also use the online EMI calculators available on Paisabazaar website to evaluate their overall borrowing cost.

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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 Fee6,500
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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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

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

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Bank of India Personal Loan EMI Calculator- Highlights

  • Calculates the EMIs and total interest cost payable throughout the loan tenure.
  • Available online and does not require any cost.
  • Fast and accurate.
  • Helps in managing the repayments of the prospective borrowers as per their budget.
  • Allows the individuals to assess their loan affordability.

Comparison of Bank of India Personal Loan EMI with Top Banks

Lenders Interest rate (% p.a.) Loan Amount – Rs. 5 lakh Tenure – 5 years Loan Amount – Rs. 1 lakh Tenure – 5 years
Bank of India 11.10-16.15 10,896-12,199 2,179-2,440
YES Bank 13.00 - 16.00 11,377 - 12,159 2,275 - 2,432
HDFC Bank 9.99 - 12.50 10,621- 11,249 2,124 - 2,250
Tata Capital 11.50 onwards 10,996 onwards 2,199 onwards
ICICI Bank 11.00 - 13.00 10,871-11,377 2,174-2,275
Bank of Baroda 10.40-18.10 10,722-12,724 2,144-2,545
Axis Bank 9.99 - 17.15 10,621 - 12,467 2,124 - 2,493
Kotak Mahindra Bank 10.5 - 17.20 10,747-12,480 2,149 - 2,496
Canara Bank 9.95-15.40 10,611-12,000 2,122-2,400

Factors Affecting Bank of India Personal Loan EMI

The EMI of Bank of India Personal Loan depends on three major factors:

Interest Rate

Bank of India personal loan interest rates start from 11.10% p.a. onwards. If the interest rate increases, the EMI and overall interest cost also increases, and vice-versa. Therefore, it is advised to compare the personal loan interest rates offered by various lenders and opt for lower interest rates to save on EMIs and interest cost.

Loan Amount

The higher the loan amount, the higher the EMI and interest cost provided the loan tenure and interest rate is constant.

Loan Tenure

The longer the tenure, lower is the EMI, and vice-versa. Therefore, assessing their repayment capacity using the EMI calculators before opting for a repayment tenure.

Bank of India Personal Loan Amortisation Schedule

Suppose you borrow a loan of Rs. 10 lakh @ 11.10% p.a. for a tenure of 5 years, then the following will be your amortization schedule for 1 year. For the remaining period, the principal component will continue to increase at the same pace, while the interest portion will gradually decrease.

Month Opening Balance (₹) EMI (₹) Interest (₹) Principal (₹) Closing Balance (₹)
1 10,00,000 21,781 9,250 12,531 9,87,469
2 9,87,469 21,781 9,133 12,648 9,74,821
3 9,74,821 21,781 9,011 12,770 9,62,051
4 9,62,051 21,781 8,896 12,885 9,49,166
5 9,49,166 21,781 8,779 13,002 9,36,164
6 9,36,164 21,781 8,658 13,123 9,23,041
7 9,23,041 21,781 8,540 13,241 9,09,800
8 9,09,800 21,781 8,411 13,370 8,96,430
9 8,96,430 21,781 8,289 13,492 8,82,938
10 8,82,938 21,781 8,166 13,615 8,69,323
11 8,69,323 21,781 8,036 13,745 8,55,578
12 8,55,578 21,781 7,907 13,874 8,41,704

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What Happens if you Miss Your Bank of India Personal Loan EMIs

  • Penal charges are levied
  • The overall borrowing cost increases
  • The credit score is negatively affected
  • It becomes difficult to secure personal loans in future
Why Choose Paisabazaar?
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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

Apply Now

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
All Your Needs

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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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

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 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
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