Avail the best interest rates, as Bank of India offers personal loans starting from 9.10% p.a. for a loan amount ranging up to Rs 25 lakh. They also have special offers for pensioners, with rates as low as 11.75% p.a., and for doctors, with rates starting at 12.25% p.a.
Experience seamless services with BOI personal loans. Apply for Bank of India personal loan online now and enjoy the benefits of excellent global service and cost-effectiveness.
Discover the convenience and ease of applying online for a BOI personal loan. However, before applying for the same, glance through the interest rates by Bank of India, processing fees, etc that are designed to meet your financial needs in just a few clicks. Experience hassle-free borrowing and quick approvals online.
|Starts from 9.10% p.a to 14.75% p.a.
|Up to Rs. 25 lakh
|One time 2% of loan amount Rs 1,000 - 10,000
Table of Contents: Bank of India Personal Loan
The interest rate is determined based on factors such as applicant type, loan type, and existing relationship with the bank. Bank of India provides personal loans starting from 9.10% p.a. For detailed information on BOI interest rates and charges for various personal loan schemes, refer to their table below for a detailed understanding:
|Name of Personal Loan Scheme
|Rate of Interest (% p.a.)
|BOI Star Personal Loan
|Salaried individuals, self-employed individuals, and professionals
|12.15% p.a. and so on
|BOI Star Mitra Personal Loan
|For all physically challenged individuals – minors through their guardian, salaried, and self-employed.
|BOI Star DOCTOR – Plus
|Registered medical practitioners
|10.95% p.a. to 11.95% p.a.
|BOI Star Pensioner Loan Scheme
|Regular pensioners and family pensioners
Bank of India offers a diverse range of loans to suit your unique financial needs. Whether you're looking for a secured loan with attractive interest rates or an unsecured loan with quick approval, we have options to match your requirements.
Introducing the Bank of India Personal Loan EMI calculator—a tool for understanding and managing your multi-purpose loan finances.
BOI Personal Loan EMI calculator helps you determine the total EMI, cost of interest and amount payable for different amounts , rate of interest, repayment tenure. Let this EMI calculator simplify your calculations to know the optimum tenure and EMI for Bank of India Personal loan depending upon the repayment capacity of the borrower.
|Loan Paid to Date (%)
When exploring personal loans, it's crucial to be well-informed about various aspects, such as the benefits of an EMI calculator and having a clear understanding of Bank of India Personal Loan interest rates. Not just that, it's essential to compare these rates with other leading banks and NBFCs in order to discover the most affordable ones for your borrowing needs.
|Interest Rates (p.a.)
|Bank of India
|9.10% p.a -14.75% p.a.
|2% of loan amount
|Up to 2.50%
|Up to 1.50%
|Up to 2.50%
|1.5% to 2%
|Kotak Mahindra Bank
|Up to 3.50%
|IDFC First Bank
|Up to 2.75%
When it comes to Bank of India's personal loan eligibility criteria, there are certain factors that the bank considers before approving a loan. This criteria evaluates your personal loan eligibility on the basis of multiple factors including your credit score, age, etc., Following are the Bank of India personal loan eligibility criterias.
|General Eligibility Criteria
|Over 18 years
|Minimum of ₹10,000
|Should be salaried or a self-employed individual
Not sure of your credit score? Check now for free!
BOI Personal loan schemes offer competitive interest rates and flexible repayment options. Find out more about these various schemes for a personal loan by checking the criteria below.
Here is a table for the Bank of India Personal Loan documents required when applying for an BOI Personal Loan:
|Passport/Voter ID/Driving License
|Driving License/Passport/Aadhar Card/Latest Telephone bill/Latest electricity bill/ Latest piped gas bill
|Latest 6 month salary slip and 1 year ITR/Form 16 for salaried individuals/last 3 years ITR with certified computation of Income/Balance Sheet/Capital Account Statement/Profit & Loss Account
The exclusive features and benefits offered by Bank of India ranges from interest rates to flexible repayment options. Let’s go through the exclusive features and benefits that makes taking BOI loans most convenient and seamless:
Now complete the online
process in just 5 minutes
Now avial presonal loan
under tenure period of
Can be used for a
varity of purposes.
Get loan at an interest
rate starting from 9.10% p.a.
Apply for upto 25 lakh
Get personal loan without
pledging any collateral
Here’s the step-by-step process that you can follow to apply for Bank of India personal loan on Buddy Loan:
Ready to take the next step? Apply for a Personal loan now!
Eligibility for a instant loan from Bank of India varies based on factors such as income, credit score, employment stability, and repayment capacity. It is recommended to contact the bank for specific eligibility criteria.
The maximum personal loan amount from Bank of India depends on factors like income, creditworthiness, and repayment capacity. Contact the bank for accurate information on loan limits.
You can avail Rs25 Lakh upto personal loan amount from Bank of India depends on factors like income, creditworthiness, and repayment capacity. Contact the bank for accurate information on loan limits.
Bank of India may offer various types of personal loans, home loans, vehicle loans, education loans etc to employees of corporates as well and many more.
Individuals who meet the eligibility criteria of Bank of India's criteria for income, credit score, and employment stability are eligible to apply for a personal loan.
10,000 is the minimum salary required to avail personal loan in BOI.
Bank of India provides personal loans starting from 9.10% p.a. Onwards.
Yes, If your annual salary is 20,000, then you're eligible for a personal loan because the monthly income requirement begins from Rs. 10,000 onwards.
No, you don't have to pledge any security or collateral to Bank of India for personal loans.
Bank of India takes 2-7 working days to approve a personal loan varies depending on various factors.
Documents required for a BOI personal loan typically include identification proof, address proof, income proof, bank statements, and other relevant documents.
Yes, you can as a couple co-applicant on a Personal Loan turn into co-borrowers in a loan application is usually approved.
The applicants to have a minimum CIBIL score of 750 or more to be eligible for its personal loans.
Bank of India does not impose any penalty for the early repayment of personal loans.
Pre-payment charges for a BOI personal loan charges a one-time processing fee of 2% of the loan amount + GST is applicable, subject to a minimum of Rs.1000/- and a maximum of Rs.10,000.
Pre-payment charges for a Bank of India personal loan charges a one-time processing fee of 2% of the loan amount + GST is applicable, subject to a minimum of Rs.1000/- and a maximum of Rs.10,000/-.
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