Bank of India Personal Loan Interest Rate in 2024

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Bank of India Personal Loan Interest Rate in 2024: Bank of India provides personal loans of up to ₹20,00,000 to fulfill your individual needs. Compared to other banks, the interest rates are competitive.

You can apply for a personal loan for medical expenses, home renovation, wedding costs, purchases, or any other personal reasons.

Bank of India Personal Loan Interest Rate in 2024

Loan FeaturesDetails
Loan AmountUp to ₹50,000 (maximum ₹20,00,000)
Online ApplicationApproval possible in just 5 minutes
Interest RatesStarting from 10.75% per annum (subject to change)
TenureFlexible tenure of up to 5 years
Required DocumentsAadhaar card, PAN card, photo, electricity bill (if available), salary slip/bank statement, eligibility proof (for self-employment), residence proof, income proof, mobile number
EligibilityAge 21-58 years, minimum monthly income of ₹10,000, good credit score
BenefitsQuick processing, minimal documentation, versatile usage for any personal reasons, no hidden fees
Websitebankofindia.co.in
Toll-Free Number1800 220 229

Bank of India Personal Loan Interest Rate in 2024

Important Note:

  • The details provided are for information purposes only. Actual interest rates and fees may vary.
  • Loan approval is subject to your eligibility and the bank's policies.
  • Borrow responsibly and carefully review all terms and conditions.
  • It's advisable to compare with other banks.

How to Apply:

  1. Visit the Bank of India website.
  2. Select the personal loan section.
  3. Fill out the application form.
  4. Upload the required documents.
  5. Submit and get approval in 5 minutes.

Required Documents:

  • Aadhaar card
  • PAN card
  • Passport-sized photo
  • Electricity bill (if available)
  • Salary slip for employed individuals
  • Bank statement for the last 3 months
  • Eligibility proof for self-employed professionals
  • Residence proof
  • Income proof
  • Current mobile number

Eligibility Criteria:

  • Age: 21 to 58 years
  • Minimum Monthly Income: ₹10,000
  • Good Credit Score

Benefits of Bank of India Personal Loan:

  • Quick processing and disbursal
  • Flexible tenure of up to 5 years
  • Competitive interest rates (starting from 10.75% per annum)
  • Minimal documentation
  • No cultural or security requirements
  • Funds can be utilized for any personal reasons

Apply today and fulfill your personal needs!

For More Information:

  • Bank of India Website: https://bankofindia.co.in/hi/personal-loan
  • Bank of India Toll-Free Number: 1800 220 229

Note:

  • Interest rates and charges are subject to change.
  • Loan approval depends on the applicant's eligibility and the bank's policy.

Also, Keep in Mind:

  • Apart from Bank of India, many other banks and financial institutions provide personal loans.
  • It's crucial to compare interest rates, fees, and loan terms from various banks.
  • Borrow within your means.
  • Carefully read all terms and conditions before taking a loan.

We hope this information proves helpful for you!

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