|Loan Name||Interest Rate||Processing Fee||Loan Amount||Tenure|
|BOI Star Personal Loan||12.90% - 13.90%, Floating||1,000 to ₹10,000 + applicable tax, One time fee||10,00,000||60 months|
|BOI Star Education Loan||1 year MCLR+2.50%||0||Up to 20 lakh||Up to 15 years|
|BOI Star Mitra Personal Loan||1.00%||2%||Up to Rs 1 lakh||Up to 5 years|
|BOI Star Doctor Plus Loan||1 year MCLR+3.00%||50%||20 lakhs||84 months|
|BOI Star Vidya Loan||Up to 10.70%||0||30 Lakhs||Up to 15 years|
|BOI Star Pensioner Loan Scheme||1 year MCLR+2.50%||2% from the loan amount||Up to 5 lakhs||60EMI|
|BOI Star IPO||Up to 1 year MCLR+4.50%||1% sanctioned from the loan amount||Up to 10 lakhs||Up to 60 days|
|BOI Star Holiday Loan Scheme||Up to 1 year MCLR+5.50%||2% charged from the loan amount||Up to 10 lakhs||Up to 36 EMIs|
|BOI Pradhan Mantri Kaushal Rin Yojna (Skill Loan Scheme)||1 year MCLR+1.50%||0||Up to 150,000||Up to 7 years|
Q: What are the types of personal loan in the Bank of India?
A: Bank of India offers two types of personal loan borrowers that are secure and unsecured personal loans.
Secure personal loans are granted against some security or collateral while unsecured personal loans do not require any collateral.
Q: What are the interest rates BOI providing for Personal loan borrowers?
A: BOI offers an attractive rate of interest for the personal loan applicants. The interest rate range is from 12.90% to 13.90% Based on the borrower's profile.
Q: How much is the processing fee for a personal loan in Bank of India?
A: BOI is charging 2% of the loan amount with at least Rs.1,000 and a maximum of Rs.10,000 along with applicable service tax.
Q: Why should I choose Bank of India for a personal loan?
A: Bank of India provides a choice of secured and unsecured personal loans for a low rate of interest. The bank also offers a long tenure with an overdraft facility for its personal loan.
Q: What are the features of star personal loan in the bank of India?
A: The personal loan product offered by the bank is known as BOI Star Personal Loan with attractive features as follows: