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| COMPARE : PERSONAL LOAN |
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| Bank of India Personal Loan |
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| Introduction |
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| Bank of India has two personal loan schemes star mitra personal loan for physically challenged persons to help in becoming independent. Loan is provided to physically challenged persons to purchase durable and sophisticated aids / appliances needed by them. The loan is given to even minor children who are unfortunately physically challenged. To them loan is provided through their parents / legal guardians. The other personal loan scheme is star personal loans for personal requirements of customers and their family members to meet cost of marriage, medical treatment, education expenses of children, etc. |
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| Highlights |
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Salaried |
Self Employed |
| Loan Scheme |
Star personal loan |
Star personal loans |
| Loan Type |
Term Loan/Demand Loan/Overdraf |
Term Loan/Demand Loan/Overdraf |
| Loan Amount |
Min. - Rs 10000
Max. - Rs 1000000
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Min. - Rs 10000
Max. - Rs 1000000
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| Tenure |
Min. - 36 months.
Max. - 60 months.
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Min. - 36 months.
Max. - 60 months.
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| Interest Rate |
Min. - 14.2 %
Max. - 15.2 %
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Min. - 14.2 %
Max. - 15.2 %
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| Time to Process Loan |
5 days |
5 days |
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 Fees & charges
Fees & charges
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Salaried |
Self Employed |
| Processing Fee |
2 % |
2 % |
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| Comment on Charges |
Processing fee - 2.00 % of loan amount Min. Rs.1, 000/- and Max. Rs.10, 000/- |
Processing fee - 2.00 % of loan amount Min. Rs.1, 000/- and Max. Rs.10, 000/- |
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Security
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Security |
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#Equitable/Legal Mortgage of commercial or residential properties.
Hypothecation charge on assets acquired.
#Collateral security in the form of pledge of gold/gold ornaments, NSC/Indira Vikas Patra, Bonds, Assignment of LIC policies, Relief Bonds etc. |
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Show All Personal Loans
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