EMI: ₹9,800/month at 10.85%. Min income: ₹20,852/month.
A ₹3 Lakh personal loan from Bank of India at 10.85% interest for 3 years will cost you ₹9,800 per month as EMI. You will pay a total interest of ₹52,800 over the loan tenure. The minimum monthly income needed is ₹20,852 (assuming no existing EMIs).
Bank of India Personal Loan EMI for ₹3 Lakh at 10.85% for 3 years is ₹9,800 per month.
You need a minimum monthly income of ₹20,852 for a ₹3 Lakh personal loan from Bank of India (at 10.85% rate, assuming no existing EMIs).
The total interest payable on ₹3 Lakh personal loan from Bank of India at 10.85% for 3 years is ₹52,800.
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.