Bank of India Personal Loan Indore - Rates March 2024, Eligibility, EMI, IFSC

Bank of India Personal Loan in Indore

About Bank of India Personal Loan Indore

Staying in Indore? But dreaming of a scuba diving experience in Barcelona? Is education and marriage of your kids your priority? All these wishes and needs have the answer ready at Bank of India (BOI) Personal Loan. The loan will come easy to your pocket with affordable interest rates, while simple and easy documentation lay the foundation for a smooth loan experience at BOI.

Apply Personal Loan @ 10.75%* Rate

Bank of India Personal Loan Indore at a Glance

Interest Rate10.35% - 14.85%
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.

Documents Required to Obtain Personal Loan from Bank of India in Indore

Don’t know which are the documents that the bank asks to submit in the case of a personal loan? Take a look 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 Indore

Bank of India Personal Loan Indore Branches

You can easily make a visit to the nearest BOI branch in Indore to submit your personal loan application by taking a cue from the table below. The table not only shows the address but also has information regarding IFSC Code, MICR Code and contact numbers of the branches. All these can prove vital for a hassle-free personal loan journey with Bank of India in Indore.

Branch NameComplete AddressIFSCMICRContact Detail
Indore MainIndore Main, Pungalia Bhawan, Santa Bazar, Indore- 452002, Madhya PradeshBKID00088004520130060731-2542381, 2542382
PalasiaPalasia, 575/1, Mahatma Gandhi, Road, Indore, 452001, Madhya PradeshBKID00088014520130130731-2434055, 2530022
KhajaranaKhajarana, 202, Saket, Indore- 452001, Madhya PradeshBKID00088024520130090731-2563554, 2563555
SiyaganjSiyaganj, 34 Siyaganj, Main Road, Indore- 452001, Madhya PradeshBKID00088034520130180731-2542968, 572219
RambaugRambaug, 142 Tilak Path, Rambaug, Indore-452001, Madhya PradeshBKID00088044520130150731-2540582, 2541545
Devi Ahalya MargDevi Ahalya Marg, 901, M. G. Road, , Khatipura, Indore-452001, Madhya Pradesh
MalharganjMalharganj, 27, Kailash Marg, Indore, Indore- 452001, Madhya PradeshBKID00088064520130110731-2419156, 2419154
SanyogitaganjSanyogitaganj, 148/1, Ravindranath Ta, Marg, Indore- 452001, Madhya PradeshBKID00088074520130170731-2526726, 5041261
Transport NagarTransport Nagar, 36, Narmada Chambers, Snehnagar Main Road, Indore- 452001, Madhya PradeshBKID00088084520130190731-2449173, 2449901
Palasia Housing And FinancePalasia Housing & Pers. Finance, Mourya Centre, 16 Dr Rs Bhandari Marg, Indore-452001, Madhya PradeshBKID0008809452013024
Vijay NagarVijay Nagar (Indore), Gf - A, Scheme No. 54, Near Sica School, Main, Indore-452002, Madhya PradeshBKID00088104520130200731-2558159
Shramik ColonyRao(M.P.), 37, Shramik Colony, Bombay-Agra Road, Rao, 453331, Madhya PradeshBKID0008811452013016
Rajendra Nagar2-C, Alankar, Rajendranagar, , Indore, 452012, Madhya PradeshBKID00088144520130140731-2321143, 2321486
Mhow334A, Simrole Road, Mhow, 453441, Madhya PradeshBKID000881645201302107324-272634, 273339

  • Personal Loan Interest Rates March 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%