Bank of India (BOI) Loan

Bank of India (BOI): is a private sector bank established in the year 1906, headquartered in Bandra Kurla Complex, Mumbai. Since nationalization in the year 1969, the bank has been owned by the Government of India. Bank of India has more than 500 branches across India as of 31 March 2019. The most important thing is that this bank works internationally. Apart from opening various types of savings accounts through banks, customers can avail loans for various types of loans like education, marriage, medical etc.

What is Bank Loan

Most of us prefer to borrow money from a bank or a trusted Non-Banking Financial Company (NBFC) as they are reliable as well as bound by government policies. Credit is one of the primary financial products that any bank or non-banking financial company offers.

When a lender lends money to a person or organization with a certain guarantee or on the belief that the recipient i.e. the borrower will repay the borrowed money with some additional benefit i.e. interest, the process is called credit or loan. to take

Information Related to Taking Loan from Bank of India

Various types of banking services are provided by Bank of India. Out of which savings and current account, insurance and various loans like personal loan, education loan, vehicle loan, agriculture loan, small business loan and home loan etc. can be availed at very low interest rates. For your information let us tell you that for taking any type of loan from Bank of India you have to pay processing fee.

BOI Personal Loan

Bank of India Personal Loans are offered at the most attractive interest rates to meet various personal needs of customers. Bank of India personal loans can be availed for marriage expenses, medical expenses, educational expenses and other such genuine purposes. Bank of India Specially Handicapped people can avail loan through 'Bank of India Star Mitra Loan' scheme for independent living.

Bank of India personal loans are best suited for people who need cash urgently. You can use the funds available under a personal loan to meet various expenses like wedding expenses, medical expenses, education expenses, etc. Bank of India personal loans come with interest rates starting at 10.85% per annum with repayment tenures ranging from 12 months to 60 months. You can get a maximum loan of up to 10,00,000 lakh rupees under Bank of India Personal Loan.

Bank of India Personal Loan Types

Various schemes under Personal Loan by Bank of India like – Bank of India Star Personal Loan, Star Mitra Personal Loan, BOI Star Pensioner Loan Scheme, Star Education Loan, BOI Star Doctor-Plus, BOI Star Vidya Loan Scheme and Star Holiday Scheme By , you can get a loan as per your requirement.

BOI Star Personal Loan

BOI Star Personal Loan can be availed for various expenses like wedding preparations, urgent medical bills, home renovation and more. The maximum eligible loan amount is 10 lakhs and can be repaid in 60 months i.e. 5 years.

Types of Star Personal Loans	Interest Rate
Secured Loan	12.50% p.a.
Unsecured Loan	13.50% p.a.
For Senior Citizens	(up to Rs. 50,000) :11.50% p.a.
While financing through tie-up	12.50% p.a.

BOI Personal Loan Eligibility

Bank of India Personal Loan Eligibility Criteria are as follows –

• Along with being an Indian citizen, the applicant should be above 18 years of age.
• Professionals, salaried employees, regular pensioners, high net worth individuals, family pensioners receiving monthly pension from a bank branch, retired employees can apply for a personal loan.
• The applicant must have a good credit score with a regular source of income.

Important Documents

• Proof of Identity – Copy of Passport/Voter ID Card/Driving License.
• Address Proof – Copy of Ration Card/Telephone or Electricity Bill/Rent Agreement/Passport.
• Proof of age.
• Proof of income and occupation.
• Bank statement of last 3 to 6 months.

How to Apply for BOI Loan Online

• To avail an online loan from Bank of India, you first need to visit its official website https://www.bankofindia.co.in/.
• Now the home page will open in front of you, here you have to click on the option of the type of loan you want to take for Apply Online Loan under Online Services. (For example clicked on Star Guaranteed Emergency Credit Line (GECL)).
• How to Apply for BOI Loan Online
• To avail an online loan from Bank of India, you first need to visit its official website https://www.bankofindia.co.in/.
• Now the home page will open in front of you, here you have to click on the option of the type of loan you want to take for Apply Online Loan under Online Services. (For example clicked on Star Guaranteed Emergency Credit Line (GECL)).
• Now a form will open in front of you, in which you have to enter information like name of borrower, structure, name of principal, account number, city/district where loan is required, branch name etc.
• After this, a declaration will be given at the bottom of the form, you have to read it completely and put a tick mark and finally click submit.
• After submitting the form, you will receive a message on your mobile phone and email id that the bank has received the form.
• After which you can contact your bank to get your loan information

(BOI Personal Loan Contact Number)

If you have any loan related issues or complaints, queries, feedback or suggestions regarding personal loan application and process, you can call 1800 220 229 toll-free. A customer care executive will help you in a friendly manner after listening to your problems properly. Apart from this, you can also get your problem resolved by calling 1800 103 1906, (022) – 40919191, Landline Number – 022-66684444.

Important Link
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