Bank of India Pension Loan

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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

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

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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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

Avail Personal Loan for
All Your Needs

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

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What our customers say

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Written By

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Reviewed By

Shamik Ghosh

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Bank of India Pension Loan

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How Can I Apply for a Personal Loan Online?

Bank of India Pension Loan Highlights