Home  »  Banking  »  Loans  »  Personal Loan  »  Bank of India Personal Loan

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
Details
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.
Benefits

  • 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.
Eligibility

  • 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

Find IFSC


More Headlines

Get Latest News alerts from Goodreturns

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more