Bank of India (BOI) Personal Loan Interest Rates 2021 – EMI Calculator Online

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

Bank of India Personal loan details

Interest Rates 8.65% – 11.35%
Max. Loan Amount Upto 10 lakh
Processing Fees Upto Rs.6250 + GST
Min. Income Rs.10000/- p.m
Loan Repayment upto 5 years

₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 20 September 2021)

Compare Personal Loan Rates – Eligibility – Process of Top 10 Banks. Check CIBIL score absolutely FREE.

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 2020

  • » BOI Star Pensioner Loan Scheme- 9.35%
  • » Fully Secured – 11.35%
  • » Clean/Unsecured – 12.35%
  • » Senior Citizens – 10.35%
  • » Financing Secured under tie-up arrangements – 11.35%

Bank of India Personal Loan EMI Calculator

Easy emi tool to know about your loan emi per month, 3 easy steps which makes your loan process simple:

1. Enter loan amount
2. Enter Interest rates
3. Enter repayment period

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

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

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