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Travel Around the World with Bank of India Travel Loan

Travel Loan931 views

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 Rates12.40%-13.65%
Loan Amount10 Lakh
Repayment36 months
Processing Fees2%

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.

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Documentation Required for Bank of India Travel Loan

Signed application form with photographSigned application form with photograph
Copy of passport/voter ID card/driving licenseCopy 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

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Personal Loan Interest Rates February 2020
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank10.75% - 21.45%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank10.99% - 18.00%
Tata Capital10.99% - 18.00%

Home Loan Interest Rates February 2020
State Bank of India/SBI7.90% - 8.55%
HDFC8.00% - 8.95%
LIC Housing8.10% - 8.95%
PNB Housing Finance9.25% - 12.00%
Piramal Capital & Housing Finance9.00% - 9.10%
Tata Capital9.20% - 9.35%
ICICI Bank8.25% - 9.35%
Bank of Baroda8.15% - 9.15%
Axis Bank8.90% - 9.15%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%