Bank of India Personal Loan Apply, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
If you want to take personal from Bank of India (BOI) then this article is for you because in this article we will tell you Bank of India Personal Loan Will provide all the information related to
In this article, we will know what is Bank of India personal loan, how much loan amount can we get under this loan, how much rate of interest do we have to pay on this personal loan, what are the documents to apply and is eligibility etc. For this you are requested to read this article till the end.
Bank of India Personal Loan 2024
Bank of India, you should know that Personal Loan What happens? And why do we take personal loan? The loan we take for our personal expenses like marriage, interest expenses, medical, house repair, traveling etc. personal loan happens. Like other banks and financial institutions, Bank of India also provides Instant Personal Loan.
The special thing about personal loan is that while taking this loan, the bank does not have to tell you where you are going to use the amount of this loan. You can use this amount anywhere as per your wish. personal loan a unsecured loan This happens because you do not have to give any collateral or security while taking a loan from the bank. That’s why the bank provides you a loan based on your credit score. Yours CIBIL score The better your loan will be approved in less time.
Bank of India Providing personal loan to people at attractive interest rate. It is called BOI Star Personal Loan . If you need money immediately Bank of India Personal Loan can apply for _ let you know Bank of India offers two types of personal loans. One is Unsecured personal loan and the other is Secured personal loan. loan amount in both, Eligibility is different, about which we will get further information in this article.
Key Features of BOI Personal Loan
- Loan Name: Bank Of India Personal Loan 2024
- Lending Bank: Bank Of India
- Loan Amount: Rs. 10,000 to 20 lakhs
- Interest Rate: Starting from 11.25%
- Loan Repayment Period: 12 to 60 months
- Loan Type: Unsecured Loan, Secured Loan
- Application Mode: Online & Offline
- Official Website : bankofindia.co.in
- Learn wiki of BOI
Bank of India Personal Loan Amount:
Bank of India offers two types of personal loans to the people. one is unsafe Personal Loan and the other is Secured Personal Loan. The loan amount is also different in both the personal loans. You can check the loan amount here :
- Unsecured Personal Loan: Under this loan, you can get a personal loan up to a maximum of Rs 10 lakh.
- Secured Personal Loan: Under this loan, you can get a personal loan up to a maximum of Rs 20 lakh.
Bank of India Personal Loan Interest Rate 2024
If you are taking a personal loan from any bank, you should know the interest rate on the personal loan of that bank. Bank of India personal loan interest rate is a floating interest rate at monthly intervals every year. Generally this interest rate is starting from 11.25% per annum. Before taking personal loan Personal Loan Interest Rate 2023 It is necessary to have information about If you apply for that loan without knowing the interest rate of the loan properly, then you may have to face difficulties at the time of repayment of the loan.
Bank of India Personal Loan Repayment Tenure ( Loan Terenure ) :
Before taking a loan, it is very important for you to know how much time you are getting to repay the loan. Bank of India gives you 12 to 60 months to repay the personal loan. You can easily repay the loan during this time period.
BOI Processing/Handling Fees & charges
What are the charges you have to pay on this personal loan and how much you have to pay, you can see all this here. You can get information about stamp duty for documents from your nearest bank branch.
| RATE OF INTEREST All linked to Banks MCLR BOI MCLR 8.70 % wef. 10.12.2018 | |
| Quite safe | 1 year MCLR + 4.50% |
| Clean/unsafe | 1 year MCLR + 5.50% |
| Secured financing under tie up arrangement | 1 year MCLR + 4.50% |
| 60 years and above Rs. For loans up to Rs.50,000/- | 1 year MCLR + 3.50% |
| PROCESSING CHARGES (All charges are Exclusive of GST) |
| One time 2.00% of loan amount Min. Rs.1,000 / – Max. Rs.10,000/-Senior Citizen (60 years & above) No Processing Charges |
Features and Benefits of Bank of India Personal Loan
Before taking a BOI personal loan, you can know its features and benefits here :
- You can take a personal loan from this bank from Rs.10,000 to Rs.20 lakh.
- Salaried person and self employed can apply for this personal loan.
- If you are a salaried person and your salary account is in this bank then you get this loan in very few documents and your loan is approved in very less time.
- You can take this Bank of India Personal Loan for Wedding, Medical, Educational Expenses, To Purchase Consumer Durables, Home Furnishing, Vacation Can be taken to meet the expenses of celebrating.
- Personal loan from Bank of India (BOI), you can give a misscall to its helpline number 8010968305 or you can SMS to 7669300024.
- For more details you can contact to nearest branch.
- Salaried permanent employees, professional and high net worth individuals, regular pensioners or family pensioners receiving regular monthly pension through our bank branch, staff members, retired employees (other than dismissed/compulsory retired) can apply for can do
- BOI personal loan For this you can apply both online and offline.
- 12 to 60 months to repay this loan.
- Processing Fee You have to pay 2% of the loan amount.
- If you are in dire need of money and your relative or friend is not helping you, then in this situation you can apply for Bank of India Personal Loan.
- Bank of India personal loan rate of interest varies from time to time.
BOI Personal Loan Eligibility
If you fulfill all the eligibility of the bank If yes, then you can apply for this personal loan. The eligibility for Bank of India personal loan is given here:
- Salaried permanent employees, professionals and individuals with high net worth can apply for this loan.
- Regular pensioners or family pensioners of Bank of India can apply for this loan.
- staff members, retired employees (other than dismissed/compulsory retired) are eligible.
- No information has been given regarding the age limit on the official website of Bank of India ( BOI) but generally the applicant should be minimum 21 years and maximum 60 years.
BOI Personal Loan Documents Required
- Signed application form with photo
- Copy of Passport/Voter ID Card/Driving License
- processing fee check
- Last 3 months bank statement / 6 months bank passbook
- latest salary slip
- Latest Form 16. Present Dated Salary Certificate with
Bank of India Personal Loan Apply
If you have read this article completely then you must have come to know whether you are eligible for this loan or not. If you are eligible then you can apply for this personal loan. You can apply for a personal loan in two ways. One you can apply online and second you can apply offline. Both the process of application is given to you here.
First of all let us know how we can apply online :
Bank of India personal loan online apply:
- First of all you have to visit the official website of Bank of India bankofindia.co.in
- On the home page of the website, you will see the option of personal loan, click on it.
- After clicking, the next page will open.
- After coming to the new page, you will see the option of Apply Now, click on it.
- Application form will open in front of you.
- You have to enter all the information asked in the form correctly and submit the form.
- After that the bank officials will contact you.
- your documents and proceed with the loan process.
- If you are found eligible for this BOI personal loan then your loan will be approved.
- After loan approval, the loan amount is transferred to your bank account.
How to apply offline ?
If you do not want to apply online and you want to apply offline then you can. To apply offline, follow the steps given below :
- First of all you have to go to your nearest Bank of India branch.
- After going to the bank, the bank official will have to tell you that you want to take a personal loan.
- The bank official will give you the personal loan application form.
- You have to enter all the information asked in this form correctly, attach your documents and submit it there.
- Bank official will verify your documents and form.
- your credit score and documents, you will be informed that you are eligible for a personal loan of up to Rs.
- If you fulfill all the eligibility then the loan amount is transferred to your account.
How to check BOI personal loan status ?
- To check the status of your application, first click on this link https://www.bankofindia.co.in/MayWeReachYou.
- After clicking, a new page will open. On this page you will see the option of Track Status, click on it.
- You will have two boxes open in front of you. In this you have to click on Check Now by entering Reference No and Kefcha Code.
- After clicking, the status of your application will appear in front of you.
Personal loan EMI calculator
can pay your loan in monthly installments (EMIs ). The EMI of the loan depends on three main factors. Loan amount, interest rate and loan tenure. You can calculate your EMI by visiting the official website of Bank of India. The longer the tenure of the loan, the lower will be the EMI.
How to Login to Bank of India Portal ?
- To login, first you have to visit the official website of Bank of India, bankofindia.co.in.
- On the home page of the website, you will see the option of login, click on it.
- Login form will open in front of you.
- After that you can login to the portal with the help of username and password.
Bank Of India Personal Loan Customer Care Number
Any kind of problem in taking personal loan from Bank of India ( BOI), then you can talk to its customer care. The customer care numbers are given to you here:
- Toll-free number – COVID support – 1800 220 229
- Toll-free number (24/7) – 1800 103 1906
- Telephone number (chargeable) – (022) – 4091 9191
- Head office number – 022-6668 4444
Conclusion:
In this article we have given you Bank of India Personal Loan Provided complete information about Teach yourself from this article how you can take a person loan from Bank of India ( BOI).
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FAQs on Bank of India Personal Loan
What is the interest rate for personal loan in Bank of India ?
Starting from 11.35% Per Annum.
How can I check my loan status in Bank of India ?
You can check the status of your application by visiting the official website of Bank of India ( BOI) or by talking to the customer care.
How can I get a personal loan from Bank of India ?
You can apply for personal loan online by visiting the official website of Bank of India.
How much personal loan can I get from Bank of India ?
You can get a personal loan up to a maximum of Rs 20 lakh from Bank of India (BOI)
What is BOI customer care number ?
Toll-free number – COVID support – 1800 220 229 Toll-free number (24/7) – 1800 103 1906 Telephone number (chargeable) – (022) – 4091 9191 Head office number – 022-6668 4444