Bank of India (BOI) Personal Loan – Interest Rates 2016

Compare Bank of India Personal Loan interest rates online. Check Interest rates, Processing Fees, Documents, Eligibility, Process of BOI Personal Loan at Deal4loans.com. BOI Star Pensioner Loan Scheme

Bank of India Personal loan details

Interest Rates 12.70% – 14.70%
Max. Loan Amount Upto 10 lakh
Processing Fees 2.00 % of loan amount Min. Rs.1, 000/- and Max. Rs.10, 000/- Pensioners
Min. Income Rs.10000/- p.m
Loan Repayment upto 5 years


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Loan Amount

Employment Status

 
Bank of India offers personal loan under two schemes – Mitra Loan & pensioner Scheme. you can avail a loan for marriage expenses, medical expenses, educational expenses, purchase of consumer durables etc.
 
Maximum loan which you can get from Bank of India is Rs.10 lakh or depending upon the income & repayment period.
 
Minimum loan amount a borrower can apply is Rs.10000 in metros & theirs no limit in rural areas.
 

Bank of India Personal Loan Interest Rates

BOI Base Rate 9.70% as on 05.10.2015
Interest Rates as follows
 
» BOI Star Pensioner Loan Scheme- 11.70%
» BOI Star Mitra Personal Loan – 10.70%
» Normal Persons / Men – 14.70%
» For Women – 14.20% (concession to women – 0.50 %)
» Senior Citizens – 12.70%
» Interest Rates under Secured loan – 13.20% for women & 13.70% for others.
 
Repayment Options of upto 3 years under unsecured scheme & 5 years in secured category
 
Other Charges and Processing Fees:-
One time @ 2.00 % of loan amount Min. Rs.1, 000/- and Max. Rs.10, 000/- Pensioners: One time @ 2.00 % of loan amount, min. Rs. 500/- and max. Rs. 2,000/-.Plus Service Tax

No processing charges for Senior Citizens (60 years & above)
 
Available Products of Bank of India:

Source: Bank of India Website