Bank of India Personal Loan Apply- Bank of India is one of the country’s leading public sector banks, with branches across India. It offers its customers a range of personal loans, education loans, business loans, home loans, and gold loans. If you need immediate funds, a Bank of India Personal Loan could be a great option. The bank offers loans ranging from ₹50,000 to ₹5 lakh through a very simple process.
Bank of India Personal Loan Apply
Under the Bank of India Personal Loan, you can easily obtain a loan ranging from ₹50,000 to ₹5,00,000. This scheme is beneficial for those who need immediate funds—whether for personal expenses, education, marriage, or other needs. Bank of India provides reliable and secure loan services to its customers.
How to get a personal loan from Bank of India?
Bank of India Aadhaar Card Loan (BOI) is very easy to obtain. You can apply by visiting the bank’s official website or your nearest branch. To apply online, you need to go to the “Personal Loan” section and upload your personal information, income, loan amount, and required documents. Once eligibility is confirmed, the bank immediately approves the loan, and the amount is transferred directly to your account. The entire process is secure, fast, and reliable.
Also Read:- How to Get Your Driving License From Home- Apply Online @parivahan.gov.in
Documents Required for a Bank of India Loan
If you want to take out a personal loan from Bank of India, you must have the following documents:
- Aadhaar Card
- PAN Card
- Driving License (if available)
- Residence Certificate
- Mobile Number and Email ID
- Bank of India Loan Application Form
- If you have taken a loan from a bank before, please provide details.
- Eligibility for a Bank of India Loan
- Certain conditions apply for a loan from Bank of India:
- The applicant must be over 21 years of age
- The applicant must have a good CIBIL score (700+)
- There must be no default on any previous loan
- The applicant must have a stable source of income
- Only Indian citizens can apply.
- Key Features of a Bank of India Loan
- BOI Personal Loan: Loans available from ₹50,000 to ₹5,00,000
- Interest Rate – Starting at 10.75% per annum
- Extremely Low Processing Fees
- Easy EMI Payment Convenience
- Extremely simple documentation process
- Loan facility without any guarantee
- Bank of India Loan Interest Rates
Bank of India Personal Loan Interest Rate 2025 Bank of India has provided significant relief to its customers. According to official information from the bank, personal loans will now start at 10.75%, education loans at 8.75%, gold loans at 7.5%, and business loans at 9.25%. The bank states that these new rates are transparent and in accordance with RBI guidelines, making it easier and more affordable for the average customer to obtain a loan.
Also Read : PNB Instant Personal Loan from ₹50,000 to ₹10 Lakh from the comfort of your home using your Aadhaar card.
Bank of India Personal Loan Apply Online
You can apply for a loan from Bank of India either online or offline. Here we explain the online application process step by step:
- First, visit Bank of India’s official website, https://bankofindia.co.in.
- Go to the Loans section on the homepage and click on Personal Loans.
- Now, in the Star Personal Loans section, click on Learn More.
- On the new page, click on Apply Now.
- Now, click on Apply Online.
- The application form will open—enter your name, date of birth, address, mobile number, etc.
- Upload all documents and click Submit.
- Bank officials will review your application.
- After loan approval, the amount will be transferred directly to your account.
- Bank of India Offline Application Process
If you prefer to apply offline, visit your nearest Bank of India branch. Fill out the personal loan application form, submit the documents, and the loan will be credited to your account after the bank officials complete the processing.
Bank of India EMI Calculator
Before taking out a loan, you can use the EMI Calculator to determine your monthly EMI payment. This tool tells you the correct EMI amount based on your interest rate and loan term.
Join Our Group
My name is Anaya Afrin, the founder of Seekho Smart. I built this platform to make knowledge simple, clear, and truly useful for students and readers everywhere. With over 6 years of blogging experience, I’ve learned how to turn complex topics into easy guides that inspire learning. Through my writing, I aim to share practical knowledge that not only informs but also empowers people to grow and achieve their goals.