100% Free

Bank of India Personal Loan for ₹1 Lakh

EMI: ₹3,267/month at 10.85%. Min income: ₹6,952/month.

1
Your Details
Income Details
₹
₹
Loan Parameters
%
2
Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
₹ 0
0%
Remaining Income
₹ 0
0%

Bank of India Personal Loan for ₹1 Lakh - Key Details

Interest Rate
10.85% p.a.
Monthly EMI
₹3,267
Total Interest
₹17,612
Total Payment
₹1,17,612
Min Income Required
₹6,952/mo
Processing Fee
1.50% of loan amount + GST

A ₹1 Lakh personal loan from Bank of India at 10.85% interest for 3 years will cost you ₹3,267 per month as EMI. You will pay a total interest of ₹17,612 over the loan tenure. The minimum monthly income needed is ₹6,952 (assuming no existing EMIs).

Frequently Asked Questions

What is Bank of India personal loan EMI for ₹1 Lakh?

Bank of India Personal Loan EMI for ₹1 Lakh at 10.85% for 3 years is ₹3,267 per month.

What income do I need for ₹1 Lakh personal loan from Bank of India?

You need a minimum monthly income of ₹6,952 for a ₹1 Lakh personal loan from Bank of India (at 10.85% rate, assuming no existing EMIs).

What is the total interest on ₹1 Lakh personal loan from Bank of India?

The total interest payable on ₹1 Lakh personal loan from Bank of India at 10.85% for 3 years is ₹17,612.

What is Bank of India's processing fee for ₹1 Lakh personal loan?

Bank of India charges a processing fee of 1.50% of loan amount + GST for Personal Loan.

Can I prepay my Bank of India personal loan?

Bank of India Personal Loan prepayment policy: 3% of outstanding.

₹1 Lakh Personal Loan from Other Banks

SBIFrom 11.15 - 14.30%HDFC BankFrom 10.50 - 21.00%ICICI BankFrom 10.75 - 19.00%Axis BankFrom 10.49 - 22.00%Kotak Mahindra BankFrom 10.99 - 24.00%Bank of BarodaFrom 10.60 - 14.50%PNBFrom 10.40 - 14.85%Canara BankFrom 10.55 - 14.20%Union BankFrom 10.80 - 14.50%Indian BankFrom 10.30 - 14.15%

Other Bank of India Personal Loan Amounts

₹2 LakhEMI ₹6,534/mo₹3 LakhEMI ₹9,800/mo₹4 LakhEMI ₹13,067/mo₹5 LakhEMI ₹16,334/mo₹7 LakhEMI ₹22,867/mo₹10 LakhEMI ₹32,668/mo₹15 LakhEMI ₹49,002/mo