Being an Indian state-owned commercial bank with headquarters in Mumbai, Bank of India (BOI) is a government owned subsidiary since 1969. This reputed bank with its key products and services is catering the needs of all. Known for offering a wide list of products on commercial banking, private & retail banking, asset management, credit card, this bank is no doubt fulfilling everyone’s needs.
However, when it comes to satisfying the needs of all, the bank is here with its best of travel loan. Yes, whether you want to travel abroad with family, or want to spend your friend’s wedding somewhere in India, this reputed bank is here, fulfilling all your traveling needs. So, if you are willing to know the travel loan details offered by Bank of India, go through this article.
Bank of India Travel Loan Details:
| Interest Rates | 12.40%-13.65% |
|---|---|
| Loan Amount | 10 Lakh |
| Repayment | 36 months |
| Processing Fees | 2% |
Features and Benefits of Bank of India Travel Loan
- Attractive interest rates
- Flexible repayment options
- Loans available for various needs
- Minimal Paperwork
- Quick processing & Disbursal
- Enjoy the convenience of doorstep service
Eligibility Criteria for Bank of India Travel Loan
To avail the travel loan in Bank of India, you need to fit into the below eligibility criteria.
- Minimum age of the applicant should be 21 years
- Maximum age of the applicant should be 58 year
- Individual with minimum monthly income of Rs.10,000
Next, thing on which you need to pay attention is the documentation required to get the personal loan in this bank.
Documentation Required for Bank of India Travel Loan
| Salaried | Self-Employed |
|---|---|
| Signed application form with photograph | Signed application form with photograph |
| Copy of passport/voter ID card/driving license | Copy of passport/voter ID card/driving license |
| Processing fee cheque | Processing fee cheque |
| Last 3 months bank statement/6 months bank passbook | Last 3 months bank statement/6 months bank passbook |
| Latest salary slip | Latest Bank statement |
| Current dated salary certificate with the latest Form 16 | Latest ITR or Form 16 |
