- 1 BOI Personal Loan
- 2 What is processing fee for Bank of India Personal Loan?
BOI Personal Loan
The Bank of India provide personal loan to the customer for their personal expenses. The BOI Personal Loan offered as Star Personal loan scheme. The Bank of India Personal loan offered as Fully secured loan and Unsecured loan. The Personal loan offered in various form to the customer. The Bank of India offer Star Top Up loan, Doctor loan, Star Pensioner Loan Scheme, auto loan and educational loan.
You can use BOI personal loan up to 20 lakhs under Star Personal loan scheme. You can use loan amount for personal requirements like marriage, education, medical expenses, emergency expenses. The customer of Bank of India can dial BOI customer care number for their enquiry related to BOI personal loan application. You can dial on 1800 103 1906 and 1800 220 229. The Bank of India PL amount depend on Income, ITR, Business Stability.
The Bank of India customer can give a missed call on 8010968305 or SMS to 7669300024 to get personal loan. You can visit your nearest Bank of India branch to get assistance for Bank of India. Bank of India Personal Loan Contact Number useful to know loan status, complaint, query, feedback and suggestion.
The Bank of India offer Personal loan as various type of credit scheme. The customer can get Demand, Term Loan in Bank of India. The BOI customer can get maximum Overdraft, Overdraft limit up to Rs.5 lacs to confirmed permanent employees of Central and State Government. The scheme also offered to employees of Public sector organization and Reputed Corporates firms.
The Bank of India offer personal loan for personal usages. But the customer are requested to not to use loan amount in Speculations. Which means customer should not use in stock market, cryptocurrency and high risk investments. You should never use any Bank’s Loan amount in speculative assets.
Also read, Bank of India balance check number
Bank of India Personal Loan Interest Rate
The Bank of India offer loan at attractive interest rate. You can get Fully secured loan and Unsecured loan at lowest interest rate. If you wanted to apply for fully secured loan at attractive interest rate which is 1 Year MCLR + 4.50% Interest rate. But remember, The Bank of India’s personal loan Interest rate depend on your credit history.
If you opted for Unsecured/ clean loan then the Bank offer interest rate which is 1 Year MCLR + 5.50%. The senior citizens can get personal loan at discounted interest rate. The BOI senior citizens can get personal loan loans up to Rs.50,000/- at interest rate which is 1 Year MCLR + 3.50%. You can opted for Financing Secured under tie-up arrangements in Bank of India. If you opted for such type of arrangements then you can get personal rate at 1 Year MCLR + 4.50% interest rate.
You must apply for Personal loan in Bank of India as BOI offer great customer service. The Bank of India can get assistance from Bank employee to get exact details on Interest rate in PL application. The interest rate for customer varies due to credit behavior of the customer.
Also read, Bank of India Mini statement number
Eligibility of Bank of India Personal Loan
The Bank of India offer personal loan to salaried customer and Business owners. The high net worth customer of Bank of India can get Over draft type of Facilities. The pensioners and Staff members and retired employees of Bank of India can get personal loan.
The self employed person with good credit history can get BOI personal loan. The Professional like engineer, Doctor, architect, interior designer can get term loan in Bank of India. The Business owner with good business history can get personal loan in Bank of India.
The Bank of India offer secured and unsecured type of personal loan to the customer. The secured personal loan means customer need to submit securities to the Bank to get loan. The security can be asset, government security, Gold, legal property documents. Customer can offer shares, Fixed deposits to the Bank. Customer can get Over draft facilities on the bank of India fixed deposit.
Bank of India PL Amount
Remember The amount in Bank of India PL depend on your income. It is also depend on your credit history, Income Tax return. The Business owner can submit their Profit and loss statement and GST details. If you are business owner then you can submit your firm’s balance sheet, GST details to get maximum PL amount.
The BOI personal loan maximum amount can be Rs 20 Lakhs. The senior citizens can get Personal loan up to Rs 50000. The salaried customer can get unsecured personal loan which can get be 15 times of monthly net salary amount. If you are self employed or business owner then unsecured loan up to 100% of Gross Average Annual Income as per your last three Income Tax Returns.
If you wanted to get secured BOI personal loan then your loan amount can be 30 times of net on hand monthly salary amount. If you are Business owner or self employed then you can get secured PL up to 200% of Gross Average Annual Income as per last three Income Tax Returns.
Remember, You must have good credit score in order to get personal loan easily. You must have good business history or you should have Credit history. If you have regular income like salary then you can submit your account statement and salary slip.
Also read, Bank of India RTGS form PDF
BOI Personal Loan Application Form
The customer need to submit loan documents to get personal loan. The Bank of India customer can’t apply online for personal loan. The customer can get information related to personal loan from official website. The official website of Bank of India is bankofindia.co.in.
You need to fill personal loan application form in BOI. You need to fill your personal details and professional details. You need to fill personal details such as Name, Age, Income, Marital Status, Work Experience, Employment Type, Salary slip, ITR details in the Loan application form. You can get personal loan online but in different banks.
Benefits of BOI personal Loan
The BOI personal loan offered at Attractive interest rates. The Bank of India is government owned Bank operating in India. In Bank of India personal loan, you can get long period for repayment. The customer can get flexible repayment options and can prepay your personal loan.
You can BOI personal Loan for various personal needs. The customer face minimal Paperwork during Bank of India personal loan application. The customer can get personal loan at quick processing & Disbursal process. The customer can enjoy the convenience of doorstep service in Bank of India.
The BOI Personal loan amount can be used as multi purpose usage. It means you can use loan amount without any restriction. The Bank request to not to invest in speculative assets but It depends on customer. The customer can buy electric equipment, mobile phone, laptop and computer with the help of BOI personal loan.
You can get BOI personal loan up to Rs 20 lakhs. The loan amount depend on your income and business stability. The customer can submit additional documents to get more PL amount. The Bank offers attractive interest rates on secured and unsecured personal loan.
Bank of India PL for Covid 19
The most of Indian Banks come forward to help customer in Covid 19 time period. The Bank of India offer covid 19 special personal loan to the existing customers. The customer with home loan, Personal loan can get Covid 19 personal loan easily in Bank.
Below is screenshot of Application form for Covid 19 Personal loan.
The Bank of India created easy process for salaried customer. If you are getting your salary in Bank of India then you can get covid 19 personal loan with minimum process. The maximum loan amount in covid 19 special loan is Rs 5 Lakh. The customer can get PL without NIL processing fee in Covid 19 PL. The repayment schedule can be 3 years. Also the customer can request for moratorium of 6 months on loan repayment.
The Bank of India’s personal loan offered via offline process. The BOI customer can get Home loan and Vehicle loan via online website. The customer can get BOI personal loan with minimal paper work. Even the Bank employee of BOI are very supportive in loan application process. The customer need to fill personal loan application form. Then customer need to submit it with supportive documents to get BOI personal loan.
If you want to get further details then you can refer to BOI website. The information was updated on 08-01-2022. There can be change in application process in future. If you find any mistake in article then you can contact us.
What is processing fee for Bank of India Personal Loan?
The customer need to pay 2% of loan amount as processing fee in Bank of India. The minimum processing fee in Bank of India is Rs 1000 while Maximum Processing fee capped at Rs 10000. The senior citizens can get personal loan without any processing fee.