EMI: ₹6,534/month at 10.85%. Min income: ₹13,903/month.
A ₹2 Lakh personal loan from Bank of India at 10.85% interest for 3 years will cost you ₹6,534 per month as EMI. You will pay a total interest of ₹35,224 over the loan tenure. The minimum monthly income needed is ₹13,903 (assuming no existing EMIs).
Bank of India Personal Loan EMI for ₹2 Lakh at 10.85% for 3 years is ₹6,534 per month.
You need a minimum monthly income of ₹13,903 for a ₹2 Lakh personal loan from Bank of India (at 10.85% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh personal loan from Bank of India at 10.85% for 3 years is ₹35,224.
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.