Availing Bank of India personal loan from is no more of a hassle as the lender offers the same credit facility to all the applicants at an attractive interest rate. The bank offers the loan to one and all and ensures that you get the loan in the best way. In order to know more about BOI personal loan interest rates , just read the page below.
Bank of India Personal Loan Interest Rates 2024
| Particulars | Details |
|---|---|
| Interest Rate | 10.35% - 14.85% |
| Loan Amount | ₹10, 000- ₹10 Lakh |
| Tenure | 3 Years/5 Years |
| Processing Fee | 2% of the Loan Amount+GST |
Bank of India Tenure Wise MCLR
| Tenure Wise MCLR | Effective Rate |
|---|---|
| Overnight MCLR | 8.10% |
| 1 Month MCLR | 8.35% |
| 3 Months MCLR | 8.45% |
| 6 Months MCLR | 8.65% |
| 1 Year MCLR | 8.85% |
Bank of India Personal loan Balance Transfer
If your existing personal loan lender is charging the higher interest rate, all you need to do is just transfer your current PL to BOI. The bank is offering the loan at an attractive interest rate which also allows you to save on your EMI and Interest Outgo.
Frequently Asked Questions
1. What is the current Bank of India personal loan interest rate?
The current Bank of India personal loan interest rate is 10.35%.
2. What is the interest rate of Bank of India personal loan 2024?
The interest rate of Bank of India personal loan 2024 is 10.35%-12.35%
3. What is the rate of interest of 3 lakh in the Bank of India?
The interest rate on a personal loan of 3 lakh from BOI starts at 10.35 percent but the applicant’s CIBIL score, income, and other major financial considerations also play a crucial role in determining your rate of interest.
4. What is the interest of 7 lakh in the Bank of India?
The interest rate of 7 lakh on a personal loan from BOI starts at 10.35 percent. The rest is dependent on the loan amount, CIBIL score, repayment capacity, and other major factors that determine your credit health or your pocket strength.
5. What is the interest of 5 lakh in the Bank of India?
The interest rate of 5 lakh personal loan in BOI starts at 10.35 percent and will usually remain the same for each amount. However, it is highly dependent on the borrower’s CIBIL score and repayment capacity. If you have a higher income and you are associated with a reputed company, you are more likely to get a lower interest rate.
6. What is the rate of interest of 10 lakh in the Bank of India?
The BOI personal loan interest rate on an amount of 10 lakh starts at 10.35 percent. Furthermore, it is subject to the borrower’s CIBIL score and repayment capacity. If you have a strong credit profile, the bank may provide you with a reduced interest rate.
7. What will be the interest rate of Bank of India personal loan for senior citizens?
The interest rate of Bank of India personal loan for senior citizen is 10.35%
8. What will be the interest rate of Bank of India personal loan for women?
The interest rate of Bank of India personal loan for women is 10.35%
9. What is the Bank of India Personal Loan Customer Care number?
The Bank of India Personal Loan Customer Care number is 8010968305 or you can also SMS to 7669300024 to solve your query.
10. How can I negotiate with the Bank of India on the personal loan interest rate?
If you have a great CIBIL score and a strong existing relationship with your bank, you can negotiate with your bank to get a lower interest rate.