Bank of India Personal Loan | Comes in variety to meet the demands of a wide range of applicants. Various categories of applicants, ranging from salaried professionals and physically challenged individuals to pensioners and students, can apply for a personal loan from Bank of India Personal Loan for amounts up to Rs. 10 lakhs.
Bank of India’s Characteristics Personal Loan
- Loan Amount: Bank of India personal loan amounts ranging from Rs. 10,000 to Rs. 10 lakhs. The amount of a loan offered to an individual is determined by the application group to which he or she belongs.
- Flexible repayment time: The repayment period of a Bank of India Personal Loan is flexible, ranging from 12 to 60 months, and can be selected by an individual based on his or her financial ability.
- Bank of India offers a variety of personal loans, including the BOI Star Personal Loan, the BOI Star Mitra Personal Loan, the BOI Star Pensioner Loan Scheme, the BOI Star Doctor Plus, and the BOI Star Holiday Loan Scheme. Individuals can use these loans to meet a variety of personal requirements.
- Easy application: Bank of India personal loans can be applied for online with minimal documents.
Bank of India Personal Loans
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BOI Star Personal Loan
- The BOI Star Personal Loan can be used to cover a wide range of expenses, including wedding expenses, medical bills, further education, home renovations, and more.
- The loan amount ranges from Rs. 10,000 (available in a limited number of locations) to Rs. 10 lakhs.
- This loan has a maximum term of 60 months.
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Personal Loan from StarMitra
- The Star Mitra Personal Loan was created with the goal of providing finances to physically challenged individuals so that they can live freely.
- The money from the loan can be utilised to buy durable gadgets or devices that will support them in their daily lives.
- The Bank of India’s Star Mitra Personal Loan has a maximum loan amount of Rs. 1 lakh.
- This Bank of India personal loan has an interest rate of 8.65% per annum.
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The BOI’s Star Pensioner Loan Program
- This loan is available to retirees so that they can live independently, pay their own medical bills, and plan for other needs.
- The maximum credit amount available to pensioners and their families is 15 times their monthly pension, up to a maximum of Rs. 5 lakhs.
- Individuals over 75 years old can borrow up to Rs. 1 lakh under the BOI Star Pensioner Loan Scheme.
- The interest rate given in this scheme begins at 9.35 percent per annum.
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BOI Plus Star Doctor
- Qualified registered medical practitioners can apply for a BOI Star Doctor-Plus loan for any recognised purpose.
- A maximum loan amount of Rs. 20 lakhs can be obtained.
- Employees on a salary
- Professionals and high-net-worth individuals
- Regular pensioners or family pensioners who get a monthly pension from a BOI branch, as well as BOI employees
- Employees of the BOI who have retired (other than those who have been fired or forced to resign)
Documents Required for a Personal Loan from Bank of India
The documentation needed to apply for a Bank of India personal loan vary depending on the type of loan you apply for. However, the following are some important documents that must be submitted in order to obtain this loan:
- Passport, PAN, Voter Identity Card, Driving License, and Aadhaar are all acceptable forms of identification.
- Ration card, bank account statement, passport, driving licence, electric bill, telephone bill, sale deed/property purchase agreement (for self-owned properties), Aadhaar, and so on are all acceptable forms of address evidence.
- Bank account statements, salary slips, and other forms of proof of income are acceptable.
Check the status of your Bank of India personal loan application.
The steps to verify the Bank of India personal loan status on the BOI website are as follows:
- Step 1: Visit the Bank of India’s personal loan tracking page.
- Step2: To check the status of your personal loan application, enter your application number and mobile number, then click ‘Submit.’
Customer Service at Bank of India
- Bank of India (BOI) 24*7 customer helpline number:
- Call 1800 220 229 / 1800 103 1906 / 022-4091 9191 for further information.
You can go to the Bank of India branch closest to you.
Bank of India, Star House, C – 5, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051
Conclusion:
Lastly, Bank of India personal loan customer care number can be your 24*7 support in order to get you query solved, complaint registered, etc. However, still you are not finding it easy or confuse about anything come to Afinoz, we are here for you.
Read More:- Personal Loans – An easy way to fulfill your dreams
