Check your Bank of India personal loan eligibility. Rate: 10.85 - 14.85% p.a. Max amount: ₹15 L.
Bank of India offers personal loan at an interest rate of 10.85 - 14.85% p.a. with a maximum tenure of 5 years. The maximum loan amount is ₹15 L with a minimum monthly income requirement of ₹20,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹1 Lakh | ₹3,267 | ₹17,612 | ₹6,952/mo |
| ₹2 Lakh | ₹6,534 | ₹35,224 | ₹13,903/mo |
| ₹3 Lakh | ₹9,800 | ₹52,800 | ₹20,852/mo |
| ₹4 Lakh | ₹13,067 | ₹70,412 | ₹27,803/mo |
| ₹5 Lakh | ₹16,334 | ₹88,024 | ₹34,754/mo |
| ₹7 Lakh | ₹22,867 | ₹1,23,212 | ₹48,654/mo |
| ₹10 Lakh | ₹32,668 | ₹1,76,048 | ₹69,507/mo |
| ₹15 Lakh | ₹49,002 | ₹2,64,072 | ₹1,04,260/mo |
Bank of India Personal Loan interest rate ranges from 10.85 - 14.85% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Bank of India offers a maximum personal loan of ₹15 L with a tenure of up to 5 years.
The processing fee for Bank of India Personal Loan is 1.50% of loan amount + GST.
Bank of India Personal Loan prepayment policy: 3% of outstanding.
The minimum monthly income required is ₹20,000. Use the calculator above to check your exact eligibility based on your income.