EMI: ₹32,668/month at 10.85%. Min income: ₹69,507/month.
A ₹10 Lakh personal loan from Bank of India at 10.85% interest for 3 years will cost you ₹32,668 per month as EMI. You will pay a total interest of ₹1,76,048 over the loan tenure. The minimum monthly income needed is ₹69,507 (assuming no existing EMIs).
Bank of India Personal Loan EMI for ₹10 Lakh at 10.85% for 3 years is ₹32,668 per month.
You need a minimum monthly income of ₹69,507 for a ₹10 Lakh personal loan from Bank of India (at 10.85% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh personal loan from Bank of India at 10.85% for 3 years is ₹1,76,048.
Bank of India charges a processing fee of 1.50% of loan amount + GST for Personal Loan.
Bank of India Personal Loan prepayment policy: 3% of outstanding.