Bank of India Personal Loan Interest Rates March 2019 – EMI Calculator, Eligibility

Are you looking for Bank of India personal loan calculator? Compare with others on Interest Rates, EMI Calculator, Loan amount, process, approval time, and application status & loan eligibility through emicalculator-india.com

Bank of India is commercial bank with headquarters in Mumbai, Maharashtra, India. Founded in 1906, it has been government-owned since nationalisation in 1969. Customer care number of Bank of India – 1800 22 0229.

Bank of India offers personal loans as BOI Star Personal Loan from 10000 to 10 lakh or 20 times of monthly salary. Processing fees are 2% of loan amount + Service Tax. BANK OF INDIA disbursed loan in your account within 48 working hours.

Quick Apply Personal Loan

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

Eligibility

Salaried employees, Professionals and individuals with high net worth, regular pensioners or family pensioners drawing regular monthly pension through Bank of India branch, Staff members, retired employees (other than dismissed/compulsorily retired) are eligible to take loan.

Bank of India personal loans available for the end use of Marriage in family, Vacations, Consumer durables, education, renovation for home etc.

Important Info for Bank of India Personal Loan

Interest Rates 13.00% – 15.00%
1 Year MCLR Rate 8.70%
lowest emi per lakh for 4 years Rs. 2633
Processing Fee 2.00% of loan amount or Rs. 1000 to max. Rs. 10,000 plaus S.T
Prepayment Charges NIL
Repayment 5 Years
Guarantor Suitable third party guarantee acceptable to the Bank
Age 21 – 55
Loan Amount 50000 – 10 lakh
Disbursal Time 4-6 days
Minimum Income Per Month 30000
Bank Bank of India

Bank of India Personal Loan Interest Rates

Fully Secured 4.00% + BSS (0.30%) above 1 Year MCLR = 13.60%
Clean/Unsecured 5.00% + BSS (0.30%) above 1 Year MCLR = 14.60%

Documents Required for Bank of India Personal Loans
Identity Proof – Passport, photo pan card, driving license, votes id card, photo ration card
Address Proof – Passport, telephone bill, ration card, electricity bill, driving license, life/medical insurance policy, rental agreement, and apartment allotment letter.

Bank of India Personal Loan EMI Calculator

For calculate monthly emi, enter your required loan amount, interest rate & repayment period. Example if you take 3 lakh of loan amount at 14.70% ROI for 5 years your emi would be Rs.7089.82 per month.

Loan Amount     Rs.
Interest Rate % Per Annum
Loan Tenure Years
Installment Date
Results
Loan Amount Rs. 2,00,000
Monthly Instalment (EMI) Rs. 5,516
Total Interest Amount Rs. 64,748
Total Amount (Principal + Interest) Rs. 2,64,748
Installment NoInstallment DateOpening BalanceEMIInterestPrincipal
201704/2017 To 12/2017Rs. 2,00,000Rs. 49,644Rs. 20,363Rs. 29,281
Apr04/2017Rs. 2,00,000Rs. 5,516Rs. 2,417Rs. 3,099
May05/2017Rs. 1,96,901Rs. 5,516Rs. 2,379Rs. 3,137
Jun06/2017Rs. 1,93,764Rs. 5,516Rs. 2,341Rs. 3,175
Jul07/2017Rs. 1,90,589Rs. 5,516Rs. 2,303Rs. 3,213
Aug08/2017Rs. 1,87,376Rs. 5,516Rs. 2,264Rs. 3,252
Sep09/2017Rs. 1,84,124Rs. 5,516Rs. 2,225Rs. 3,291
Oct10/2017Rs. 1,80,833Rs. 5,516Rs. 2,185Rs. 3,331
Nov11/2017Rs. 1,77,502Rs. 5,516Rs. 2,145Rs. 3,371
Dec12/2017Rs. 1,74,131Rs. 5,516Rs. 2,104Rs. 3,412
201801/2018 To 12/2018Rs. 1,70,719Rs. 66,192Rs. 21,887Rs. 44,305
Jan01/2017Rs. 1,70,719Rs. 5,516Rs. 2,063Rs. 3,453
Feb02/2017Rs. 1,67,266Rs. 5,516Rs. 2,021Rs. 3,495
Mar03/2017Rs. 1,63,771Rs. 5,516Rs. 1,979Rs. 3,537
Apr04/2017Rs. 1,60,234Rs. 5,516Rs. 1,936Rs. 3,580
May05/2017Rs. 1,56,654Rs. 5,516Rs. 1,893Rs. 3,623
Jun06/2017Rs. 1,53,031Rs. 5,516Rs. 1,849Rs. 3,667
Jul07/2017Rs. 1,49,364Rs. 5,516Rs. 1,805Rs. 3,711
Aug08/2017Rs. 1,45,653Rs. 5,516Rs. 1,760Rs. 3,756
Sep09/2017Rs. 1,41,897Rs. 5,516Rs. 1,715Rs. 3,801
Oct10/2017Rs. 1,38,096Rs. 5,516Rs. 1,669Rs. 3,847
Nov11/2017Rs. 1,34,249Rs. 5,516Rs. 1,622Rs. 3,894
Dec12/2017Rs. 1,30,355Rs. 5,516Rs. 1,575Rs. 3,941
201901/2019 To 12/2019Rs. 1,26,414Rs. 66,192Rs. 15,017Rs. 51,175
Jan01/2017Rs. 1,26,414Rs. 5,516Rs. 1,528Rs. 3,988
Feb02/2017Rs. 1,22,426Rs. 5,516Rs. 1,479Rs. 4,037
Mar03/2017Rs. 1,18,389Rs. 5,516Rs. 1,431Rs. 4,085
Apr04/2017Rs. 1,14,304Rs. 5,516Rs. 1,381Rs. 4,135
May05/2017Rs. 1,10,169Rs. 5,516Rs. 1,331Rs. 4,185
Jun06/2017Rs. 1,05,984Rs. 5,516Rs. 1,281Rs. 4,235
Jul07/2017Rs. 1,01,749Rs. 5,516Rs. 1,229Rs. 4,287
Aug08/2017Rs. 97,462Rs. 5,516Rs. 1,178Rs. 4,338
Sep09/2017Rs. 93,124Rs. 5,516Rs. 1,125Rs. 4,391
Oct10/2017Rs. 88,733Rs. 5,516Rs. 1,072Rs. 4,444
Nov11/2017Rs. 84,289Rs. 5,516Rs. 1,018Rs. 4,498
Dec12/2017Rs. 79,791Rs. 5,516Rs. 964Rs. 4,552
202001/2020 To 12/2020Rs. 75,239Rs. 66,192Rs. 7,081Rs. 59,111
Jan01/2017Rs. 75,239Rs. 5,516Rs. 909Rs. 4,607
Feb02/2017Rs. 70,632Rs. 5,516Rs. 853Rs. 4,663
Mar03/2017Rs. 65,969Rs. 5,516Rs. 797Rs. 4,719
Apr04/2017Rs. 61,250Rs. 5,516Rs. 740Rs. 4,776
May05/2017Rs. 56,474Rs. 5,516Rs. 682Rs. 4,834
Jun06/2017Rs. 51,640Rs. 5,516Rs. 624Rs. 4,892
Jul07/2017Rs. 46,748Rs. 5,516Rs. 565Rs. 4,951
Aug08/2017Rs. 41,797Rs. 5,516Rs. 505Rs. 5,011
Sep09/2017Rs. 36,786Rs. 5,516Rs. 444Rs. 5,072
Oct10/2017Rs. 31,714Rs. 5,516Rs. 383Rs. 5,133
Nov11/2017Rs. 26,581Rs. 5,516Rs. 321Rs. 5,195
Dec12/2017Rs. 21,386Rs. 5,516Rs. 258Rs. 5,258
202101/2021 To 03/2021Rs. 16,128Rs. 16,548Rs. 392Rs. 16,156
Jan01/2017Rs. 16,128Rs. 5,516Rs. 195Rs. 5,321
Feb02/2017Rs. 10,807Rs. 5,516Rs. 131Rs. 5,385
Mar03/2017Rs. 5,422Rs. 5,516Rs. 66Rs. 5,450
Total:Rs. 2,64,768Rs. 64,740Rs. 2,00,028

Precalculated emis for BOI personal loan, based on loan amount, interest rates and tenure.

Loan Amount Tenure In Years Interest Rate Monthly EMI
100000 5 12.50% Rs. 2,250
150000 5 12.75% Rs. 3,394
200000 5 13.95% Rs. 4,648
250000 5 14.00% Rs. 5,817
300000 5 12.50% Rs. 6,749
350000 5 12.75% Rs. 7,919
400000 5 13.95% Rs.  9,297
450000 5 12.50% Rs. 10,124
500000 5 12.75% Rs. 11,313
550000 5 13.95% Rs. 12,783
600000 5 13.10% Rs. 13,683
650000 5 13.95% Rs. 15,108
700000 5 14.00% Rs. 16,288
750000 5 12.50% Rs. 16,873
800000 5 12.75% Rs. 18,100
850000 5 13.95% Rs. 19,756
900000 5 12.50% Rs. 20,248
950000 5 12.75% Rs. 21,494
1000000 5 12.50% Rs. 22,498

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