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.

• Interest rate: 11.10%-16.20% 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)

Disclaimer: Bank of India is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Bank of India for personal loans. No offers/services from Bank of India are being provided by Paisabazaar for personal loans. For further information about  Bank of India for personal loans, users are required to reach out directly to Bank of India.

• 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

• 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

• 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

• 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

• 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.

• 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.

• 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.

• 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.

• 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