Travel Around the World with Bank of India Travel Loan

Travel Loan 317 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

SalariedSelf-Employed
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

Personal Loan Interest Rates January 2018
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.70%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 12.99% - 20.00%
Kotak Bank 10.99% - 17.99%
RBL 14.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 11.49% - 18.00%
Home Loan Interest Rates January 2018
State Bank of India/SBI 8.30% - 8.60%
HDFC 8.35% - 8.95%
Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.60% - 9.35%
Indiabulls Housing Finance Limited 8.35% - 8.55%
Kotak Bank 8.35%
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