Compare Bank of India Personal Loan interest rates online. Check Interest rates, Processing Fees, Documents, Eligibility, Process of BOI Personal Loan at Deal4loans.com.
Bank of India Personal loan details
|Interest Rates||13.20% – 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|
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.
Personal Loan Interest Rates of Bank of India
BOI Base Rate 9.70% as on 05.10.2015
Interest Rates as follows
» 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:
- Bank of India personal loan
- Bank of India Home Loan
- Bank of India Car Loan
- Bank of India Credit Card
Source: Bank of India Website
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Tags: Bank of India