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Bank of India Personal Loan

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
Documents Required

  • Duly filled in application form along with 3 recent passports sized photographs
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Identity Card of Employer
  • Proof of Income: Recent 3 months salary slip or Salary Certificate from the currently employed organization.
  • For Business Owners/ Self-Employed Persons: IT Returns, Profit & Loss Account, Audited Balance Sheets, Assessment orders, advance tax challans (for both company as well as firm and personal account) for the previous three years.

  • Get loans at competitive interest rates
  • Simplified application form for easing out both applicants as well as approval procedure
  • Loans can be availed for a range of purpose which includes home renovation, education, wedding, medical expenses and so on.

  • The applicant should be any one of the following to secure the home loan from Bank of India – Salaried Individual, Self-employed personal, professionals, Non-Resident Indians, Hindu Undivided Family, Proprietor Firm, Persons of Indian Origin, Partnership firms and Corporate
  • The minimum age of the applicant should be 21 years
  • The applicant should have a regular source of income to secure the loan
Other Details

  • The maximum amount of loan availed under this scheme is Rs 10 lakhs
  • The applicants can avail 10 times of monthly net take home pay.
  • The processing fee is 2.00% of the loan amount
  • Stamp charges for documents will be levied on the borrowers


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