Bank of India Personal Loan

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  • Loan Amount: Upto Rs. 20 lakh
  • Processing Fees: As Offered By The Bank

Apply for Personal Loan Starting From 10.50%*

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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 18/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 18/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :18/01/2020

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हिंदी में पढ़े
Updated: 17-01-2020 06:26:47 AM

Bank of India Personal Loan is a category that offers various types of personal loans to fulfill diverse needs of different individuals. From salaried professionals to physically challenged individuals to pensioners to students, everyone can avail a personal loan from Bank of India.

Bank of India Personal Loan - Features and Benefits
Bank of India Personal Loan - Interest Rate
BOI Star Personal Loan
Star Mitra Personal Loan
BOI Star Pensioner Loan Scheme
Star Education Loan
BOI Star Doctor - Plus
BOI Star Vidya Loan Scheme
Star Holiday Loan Scheme
Bank of India Personal Loan - Documents Required
Bank of India Personal Loan - EMI Calculator
Compare Bank of India Personal Loan VS Other Lenders
How to Apply for Bank of India Personal Loan at Paisabazaar?
Bank of India - Customer Care
Bank of India Personal Loan - Features and Benefits
  • Loan amount: The loan amount offered by Bank of India starts from Rs. 10,000 and goes up to Rs. 20 lakh. The loan amount offered by the bank depends upon an individual’s eligibility
  • Flexible tenure: Repaying Bank of India personal loan is flexible as the repayment period varies from 12 to 60 months and can be selected by an individual as per his repayment ability
  • Flexible end use: Bank of India offers various types of personal loans like BOI Star Personal Loan, Star Mitra Personal Loan, BOI Star Pensioner Loan Scheme, Star Education Loan, BOI Star Doctor- Plus, BOI Star Vidya Loan Scheme and Star Holiday Loan Scheme. These loans can be availed by different individuals to serve various purposes in life
  • Easy application: All the personal loans offered by Bank of India are easy to apply online and requires minimum documentation
Bank of India Personal Loan - Interest Rate

The interest rate offered by Bank of India on a personal loan starts from 13.10% and varies from individual to individual depending upon his age, credit score, employer, repayment history, etc.

BOI Star Personal Loan

Like any other personal loan, BOI Star Personal Loan can be availed to deal with various expenses like getting married, paying medical bills, opting for higher studies, renovating home or any other personal expense.

  • Professionals and individuals with high net worth, salaried employees, regular pensioners or family pensioners drawing regular monthly pension through Branch, staff members and retired employees of Bank of India can avail this loan
  • The loan amount offered starts from Rs. 10,000 (minimum loan amount offered to metro and urban centres) and goes up to Rs. 10 lakh
Eligible Loan Amount
Salaried Employees10 times of monthly net Emoluments(take home pay) or 20 times of monthly Gross Emoluments
Professionals/individuals of high net worth50 % of Gross Annual Income as per last Income Tax Returns or 100 % of Gross Average Annual Income as per last three years Income Tax Returns
Star Mitra Personal Loan

Star Mitra Personal Loan is offered with an aim to help physically challenged personals with funds so that they can live independently. The loan amount allows them to purchase durable appliance/aids that may help in them in day to day life.

  • All physically challenged individuals who are either salaried professionals or self- employed individuals and parents/guardians of all minors (physically challenged) can avail this loan
  • The maximum loan amount offered by Bank of India’s Star Mitra Personal Loan is Rs. 1 lakh
Eligible Loan Amount
Salaried Employees10 times of net salary for salaried persons
Self- employed individuals50% of net annual income as per latest Income Tax Return

Note: Net take home of an individual should not be less than 40% after he has availed the loan amount. Also, in case of minors, income of parents/guardian would determine the eligibility)

BOI Star Pensioner Loan Scheme

This loan is offered to the pensioners so that they can live independently and can pay their own medical bills or can fulfill their dreams.

  • Regular or family pensioners who are drawing monthly pension through the branch or retired employees (other than dismissed/compulsorily retired) are eligible for this loan
  • The maximum age of regular pensioner/family pensioner at the end of repayment period should be maximum 75 years
  • The maximum loan amount offered to pensioner and family pensioner is 15 times of monthly pension with subject to maximum Rs. 5 lakh
  • The maximum limit of BOI Star Pensioner Loan Scheme for individuals over 75 years is Rs. 1 lakh
Star Education Loan

The aim of Star Education Loan is to help the deserving students to pursue higher studies in India as well as abroad.

  • Eligible loan amount:
Studies in IndiaMaximum Rs. 10 lakh
Studies abroadMaximum Rs. 20 lakh
  • Eligibility Criteria:
  1. You should be an Indian citizen
  2. You should have a secured seat to a higher education course in any of the recognized institutions of India or Abroad through either merit based selection process or entrance test (after completion of HSC that is 10 plus 2 or equivalent)
  3. You must have a good academic career
  4. You should not have any outstanding education loan from any other institution
  5. Your father or mother has to be the co- borrower

 Eligible courses:

IndiaAbroad
1. Approved Courses leading to graduate /post graduate degree and P.G. diplomas conducted by recognized colleges/ universities by UGC/Government/AICTE/AIBMS/ICMR

2. Courses conducted by IIM, IIT, IISc, XLRI, NIFT, NID and other Institutes set up by Central/State Govt.

3. Courses like ICWA, CA, CFA, etc.

4. Regular Degree /Diploma courses like Aeronautical, Pilot Training Shipping, degree/diploma in nursing or any other discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council

 

1. Graduation: Job oriented professional/technical courses offered by reputed universities.

2. Post-Graduation: MCA, MBA, MS, etc.

3. Courses conducted by CIMA – London, CPA in USA, etc.

  • Expenses covered in the loan:
  1. Fee payable to school/college/hostel
  2. Examination/laboratory/library fee
  3. Caution deposit/building fund/refundable deposit supported by Institution bills/purchase of books/equipment/instruments/uniforms
  4. Travel expenses/passage money for studies abroad
  5. Life Insurance Premium for life cover of student/co-borrower
  6. Purchase of computers/Laptops – essential for completion of the course
  7. Any other expenses  required to complete the course – like study tours, project work, thesis, etc
BOI Star Doctor - Plus

BOI Star Doctor- Plus loan is offered to qualified registered medical practitioner for any approved purpose. The maximum loan amount that can be availed is Rs. 20 lakh

  • Eligibility:
  1. You should be a qualified registered medical practitioner with minimum 3 years of experience in any branch of medical science that is recognized by DCI/MCI/other statutory/regulatory authorities to practice in India
  2. You should be at least 25 years old and your maximum age should be 75 years
  • Eligible loan amount:
For salaried24 times of gross monthly salary
For othersTwo times of Gross Annual Income as per Income Tax Return Depreciation (as per audited financial statements)
BOI Star Vidya Loan Scheme

This loan is offered to finance the education of those Indian students who have secured admission in selected premier educational institutes in India, either through entrance test or selection process.

  • Eligible loan amount:
Institutes under List “A”Rs. 30 lakh
Institutes under List “B”Rs. 20 lakh
Institutes under List “C”Rs. 10 lakh
  • Courses covered:
  1. Regular full time Degree/Diploma courses (certificate / part-time courses not covered)
  2. Full time Executive Management courses like PGPX (For IIMs) are also covered
  • Expenses covered: Fees payable to College, school, examination, hostel, library fee, equipment and purchase of laptop/computer or any other expense related to education
Star Holiday Loan Scheme

Star Holiday Loan Scheme is offered to meet expenses related to a vacation like train/bus/airfare charges, accommodation, sightseeing, shopping, etc. The minimum loan amount offered is Rs. 10,000.

  • Eligible loan amount:
In case liquid collateral security is offered like TDRs, NSCs, IVPs, KVPs, LIC Policy (Surrender Value) etc. at least equal to 50% of loan amount sanctioned)Upto Rs. 5 lakh
In case liquid collateral security is offered like TDRs, NSCs, IVPs, KVPs, LIC Policy (Surrender Value) etc. at least equal to 100% of loan amount sanctionedUpto Rs. 10 lakh
PensionersUpto Rs. 1 lakh
Bank of India Personal Loan - Documents Required

The documents required to opt for Bank of India Personal Loan can vary as per the type of personal loan you opt for. However, the list of basic documents is as follows:

  • Identity proof:Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
  • Address proof:Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
  • Income proof:Bank Account Statement, Salary Slips
Bank of India Personal Loan - EMI Calculator

You can always calculate your EMI using a pen and a paper but it is more convenient to use a personal loan EMI calculator in order to estimate your monthly EMI payouts as it saves your time and tells you the EMI within seconds.

  • Go to the Personal Loan EMI calculator
  • Scroll the sliders to loan principal amount, the applicable interest rate and the required loan tenure
  • Get instant results
Compare Bank of India Personal Loan VS Other Lenders
ParticularsBank of IndiaSBIAxis BankHDFC BankCiti BankICICI BankBajaj Finserv
Interest RateStarting from 13.10%Starting from 11%11.49% to 17.49%11.25% to 21.50%Starting from 10.99%11.50% to 19.25%Starting from 12.99%
Tenure12 to 60 months6 to 71 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months
Loan amountUp to 20 lakhUp to Rs. 20 lakhRs. 50,000 to Rs. 15 lakhUp to Rs. 40 lakhUp to Rs. 30 lakhUp to Rs. 20 lakhUp to Rs. 25 lakh
Processing FeeAs decided by the bankUp to 2% of loan amount plus GSTUp to 2% of loan amount plus GSTUp to 2.50% of the loan amount plus GSTUp to 3% of the loan amount plus GSTUp to 2.25% of loan amount plus GSTUp to 3.99% of the loan amount plus GST
Apply NowApply NowApply NowApply NowApply NowApply NowApply Now
Bank of India - Customer Care
  1. You can call on 1800 220 229 / 1800 103 1906 / 022-4091 9191
  2. You can visit the nearest branch
  3. You can write a letter at Bank Of India, Star House, C – 5, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
FAQs
What should be my credit score to avail Bank of India Personal Loan?
How can I apply for Bank of India personal loan online?
How do I apply for Bank of India personal loan offline?
How is my interest rate calculated by Bank of India?
Can I reapply for Bank of India personal loan if my loan application gets rejected?
What should be my credit score to avail Bank of India Personal Loan?

The banks usually prefer a credit score of 750 or above to offer a personal loan.

How can I apply for Bank of India personal loan online?

It is convenient to apply for Bank of India personal loan if you apply through Paisabazaar. All you need to do is to fill a form with mandatory information and your loan application will be processed.

How do I apply for Bank of India personal loan offline?

You can visit the nearest branch of Bank of India to apply for a personal loan offline.

How is my interest rate calculated by Bank of India?

The interest rate of a personal loan offered by Bank of India starts from 13.10% and is calculated on the basis of an individual’s credit score, age, employer, repayment history, etc.

Can I reapply for Bank of India personal loan if my loan application gets rejected?

You will have to call the customer care at 1800 220 229 / 1800 103 1906 / 022-4091 9191 to check if it is possible for to reapply for a personal loan.

Did you find this article helpful? Rate it.

Bank of India Personal Loan
(4.5/5 ) 11 Reviews
Write a review
Feb 20 , 2019
5/5
Good Financial service

I honestly didn’t expect such a quick turnaround time and was pleasantly surprised by this.

Feb 20 , 2019
5/5
Easy application process

Easy application process. This was so impressive!

Feb 20 , 2019
4/5
Minu mukherjee

Bank of India transferred the personal loan to my bank account three days after they approved my application.

Feb 20 , 2019
5/5
Honesty

I honestly didn’t expect such a quick turnaround time and was pleasantly surprised by this.

Feb 20 , 2019
5/5
Very happy with service

I am an exiting customer will continue to always trust Bank of India for all my loan requirements.

Feb 20 , 2019
4/5
straightforward

very straightforward loan application form

Feb 20 , 2019
5/5
Great service

After I submitted it, I was instantly told my loan was approved. This was so impressive!

Feb 20 , 2019
5/5
Very simple process

The process was very simple and hardly took a couple of minutes.

View All Reviews
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