Bank of India Personal Loan in Chennai

About Bank of India Personal Loan Chennai

Bank of India (BOI), founded in 1906, is a state-owned lender with over 5,000 branches across the country. An introduction you could see in many journals. But what makes it an exciting read is its ability to satisfy the customers with a myriad of loans such as a personal loan that you can avail for marriage, education, medical emergency, and others. The bank’s personal loan band reaches to the south shore of India i.e. Chennai, the capital of Tamil Nadu.

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Bank of India Personal Loan Chennai at a Glance

ParticularsDetails
Interest Rate12.10% - 14.10%
Loan AmountUpto ₹ 5 Lakh-10 Lakh
Loan TenureUpto 3-5 Years
Processing Fee2% of the loan amount
Prepayment ChargesAs Applicable

Eligibility Criteria

Do you know who can apply for a personal loan at BOI? No! It’s the employees working in both public and private sector units. However, the  loan disbursal depends on the income and the ability of the borrower to repay the EMI. An individual with a higher income can easily meet the eligibility compared to one with a lower income.

Documentation Required to Avail Personal Loan from Bank of India in Chennai

Don’t know which are the documents that the bank asks to submit in the case of a personal loan? Have a glance at the below points showcasing documents in respect of identity, residence, address, signature verification, etc.

  • Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card
  • Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card
  • Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement
  • Signature Verification Proof-PAN Card/Passport/Driving License
  • Processing Fee Cheque
  • A Duly Signed and Filled Application Form

Check out more in Personal Loan Chennai

Bank of India Personal Loan Chennai Branches

You can check out from a wide list of BOI branches in Chennai. The list is encompassed in the table below, while providing information on the address, IFSC Code, MICR Code and contact numbers of the branches as well.

 Branch NameComplete AddressIFSCMICR Contact Detail
Chennai MainChennai Main, 17 Errabalu Chetty Str, Chennai, Chennai, Tamil Nadu, Pin- 600001BKID0008000600013009
Mount RoadMount Road, 175/1 Anna Salai, Pb 2703 Chennai, Chennai, Tamil Nadu, Pin- 600002BKID0008001600013010044-28520248, 28520565
MylaporeMylapore, 174, Luz Church Road, Mylapore, Chennai, Tamil Nadu, Pin- 600004BKID0008002600013011044-24991369, 24992622
SowcarpetSowcarpet, 59 Devaraja Mudaliar R, Sowcarpet, Chennai, Tamil Nadu, Pin- 600003BKID0008003600013018044-25352381, 25354008
TheagaroyanagarT Nagar, 104 Sir Theagaroya Road, T.Nagar, Chennai, Tamil Nadu, Pin- 60017BKID0008004600013014044-28150249, 28150774
RoyapettahRoyapettah, 183, Royapettah High R, Royapettah, , Chennai, Tamil Nadu, Pin- 600014BKID0008005600013013044-28132952, 24816339
ThousandlightThousandlight, 406 Llyods Road, Gopalapuram Post, Chennai, Tamil Nadu, Pin- 600086BKID0008006600013015044-28350066, 28350076
PurasawalkamPurasawalkam, Palace Regency Ist Fl, 80 - 93 Puraswalkam Road, Chennai, Tamil Nadu, Pin- 600010BKID0008007600013012044-26404545, 26421219
EgmoreEgmore, 15/16 Casa Major Road, Egmore, Chennai, Tamil Nadu, Pin- 600008BKID0008009600013004
AdayarAdayar, 33/3 1St Main Road, Gandhi Nagar, Chennai, Tamil Nadu, Pin- 600020BKID0008010600013002044-24412719, 24425884
GuindyGuindy, Spic Centre, 44 - A Mount Road Guindy, Chennai, Tamil Nadu, Pin- 600032BKID0008011600013005044-22350638, 22352453
Cathedral RoadCathedral Road, Garuda Building, 46, Cathedral Road, Chennai, Tamil Nadu, Pin- 600086
BKID0008012600013003044-28112369, 28112567
K.K.NagarK.K.Nagar, 455, Rk Shanmugam Road, K.K.Nagar, Chennai, Tamil Nadu, Pin- 600078BKID0008013600013006044-24713529, 28470847
KodambakkamKodambakkam, 12 Puliyur Ii Main Roa, Major Trust Puram, Chennai, Tamil Nadu, Pin- 600024BKID0008014600013007044-24727657, 24831371

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