Bank of India Pension Loan

Name: Bank of India Pension Loan
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Wide Choice

Quick Disbursal

SmartMatch

Digital Process

Wide Choice

Quick Disbursal

SmartMatch

Digital Process

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Apply Personal Loan Online

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

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

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

Why Choose Paisabazaar?

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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

Bank of India Pension Loan Highlights

Interest Rates	11.60% p.a. onwards
Loan Amount	Up to Rs 20 lakh
Tenure	Up to 5 years
Processing Charges	Up to 1% of the loan amount

Bank of India Pension Loan Interest Rates

Bank of India Pension loan interest rate starts at 11.60% p.a. Stated below are fixed and floating interest rates of pension loan:

Floating Interest Rates

Star Pensioner Loan Scheme	11.60% p.a.
Star Suvidha Express Personal Loan	11.60% p.a.

Fixed Interest Rates

Star Pensioner Loan Scheme	13.20% p.a.
Star Suvidha Express Personal Loan	12.20% p.a.

Fees and Charges of Bank of India Pension Loan

Type	Processing Charges
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)

Types of Bank of India Pension Loan Schemes

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 Star Suvidha Express Personal Loan scheme, a special personal loan scheme, to its select customers.

Loan Amount: Up to Rs 20 lakh

Tenure: Up to 7 years

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Bank of India Pension Loan Eligibility Criteria

For Star Pensioner Loan

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 Suvidha Express Personal Loan

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

Documents Required for Bank of India Pension Loan

While the Bank of India has not clearly stated the documents required for availing pension loans, the documentation, if any, should be minimal as the bank would already have most of the required documents due to the KYC of the pension accounts maintained with the bank.

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 Bank Of India Lenders

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All Your Needs

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What our customers say

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.

Tanmay BorkatakiDec 12, 2025

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

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

Suraj VermaDec 3, 2025

Same day approval. wow.

The loan was approved the same day — super smooth and transparent process.

Shiv KumarDec 3, 2025

Best Loan Terms on My Credit Score in the Market

Paisabazaar helped me get a loan even with a borderline credit score. Really impressed with how smooth everything was.

SunnyDec 3, 2025

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Written By

Sumit Kumar

Reviewed By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

Bank of India Pension Loan

Find Best Personal Loan Offers

How Can I Apply for a Personal Loan Online?

Bank of India Pension Loan Highlights

Bank of India Pension Loan Interest Rates

Floating Interest Rates

Fixed Interest Rates

Fees and Charges of Bank of India Pension Loan

Types of Bank of India Pension Loan Schemes

BOI Star Pensioner Loan

Star Suvidha Express Personal Loan

Bank of India Pension Loan Eligibility Criteria

For Star Pensioner Loan

For Suvidha Express Personal Loan

Documents Required for Bank of India Pension Loan

How Can I Apply for a Personal Loan Online?

Personal Loan Articles

What our customers say

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