Bank of India Personal Loan

Bank of India offers personal loans @ 10.85% p.a. onwards for loan amounts of up to Rs 25 lakh. It...

Competitive Interest Rates

Curated offers from 30+ lenders

Very Less Turnaround Time

Money in your account instantly

100% Online Loan Processing

Offers ranked according to eligibility

Minimal Documentation Required

Hassle-free & paperless

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5.7cr+Satisfied Customers

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₹65k Cr+Loans Disbursed

Get Cashback of ₹1,000^* on Loan Disbursal

Valid till 31^st March '26*T&C Apply

Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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Google Play Store

4.5_/5

15.5L Reviews

5.7cr+Satisfied Customers

65+Lending Partners

₹65k Cr+Loans Disbursed

Competitive Interest Rates

Curated offers from 30+ lenders

Very Less Turnaround Time

Money in your account instantly

100% Online Loan Processing

Offers ranked according to eligibility

Minimal Documentation Required

Hassle-free & paperless

Find Best Personal Loan Offers

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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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About Bank of India Personal Loan

Bank of India Personal Loan Highlights

Bank of India Personal Loan Interest Rates

Comparison Table of Personal Loan Interest Rates for Various Lenders

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Pre-approved Offers with Instant Disbursals

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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

Avail Personal Loan for
All Your Needs

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

Avail Personal Loan for
All Your Needs

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

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.

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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Meri shaddi thi

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Easy personal loan available

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Raj SinghJan 13, 2026

Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

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Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

Aridaman Singh ParhichaDec 11, 2025

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Written By

Vandana Punj

Reviewed By

Shamik Ghosh

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Bank of India Personal Loan