EMI: ₹13,067/month at 10.85%. Min income: ₹27,803/month.
A ₹4 Lakh personal loan from Bank of India at 10.85% interest for 3 years will cost you ₹13,067 per month as EMI. You will pay a total interest of ₹70,412 over the loan tenure. The minimum monthly income needed is ₹27,803 (assuming no existing EMIs).
Bank of India Personal Loan EMI for ₹4 Lakh at 10.85% for 3 years is ₹13,067 per month.
You need a minimum monthly income of ₹27,803 for a ₹4 Lakh personal loan from Bank of India (at 10.85% rate, assuming no existing EMIs).
The total interest payable on ₹4 Lakh personal loan from Bank of India at 10.85% for 3 years is ₹70,412.
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.