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Bank of India
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Loans offered by Bank of India
| Bank of India Loans | Interest Rate | Processing Fee | Loan Amount/Tenure | |
|---|---|---|---|---|
Bank of India Personal Loan | 11.6% - 16.2% | Up to 1% (Maximum Rs 15,000) | Up to ₹25L Tenure(1 - 7 Years) | Know More |
Bank of India Home Loan | 8.15% - 11.65% | Up to 1% of loan amount + GST | Up to ₹7.5Cr Tenure(3 - 30 Years) | Know More |
Bank of India Business Loan | 10.2% - 12.95% | Starting from ₹500 – 10,000 | ₹5L - ₹5Cr Tenure(5 - 7 Years) | Know More |
Features and Benefits of Bank of India
The first Indian bank to open a branch outside the country and in Europe, the Bank of India has established itself as one of the premier financial organisations in the country. The blue-coloured five-cornered star of the logo stands for over 100 years of trend-setting and banking knowledge in the Indian Banking Sector. Held privately till 1969, it was nationalised by the Indian Government along with 13 other banks. The bank later went public in 1997. The bank enjoys a significant portion of its business coming from international branches. It is prominent in the loans and mortgages under its brand name Star Mitra Personal Loan, Star Home Loan, and Star Mortgage loan.
Given below are some of the features and benefits of the products and services offered by Bank of India:
- Bank of India offers attractive loan products to its customers at attractive rates of interest
- There are no charges for the prepayment of a loan from Bank of India
- Simplified application forms and quick approvals add to the convenience of the customer
- The bank provides complimentary Personal Accident cover to customers along with their loan products
- Bank of India offers personal loan to customers to meet various kind of financial needs such as purchasing consumer durables, marriage expenses, medical expenses, etc
- Bank of India provides ease in accessing their products with several mobile applications for different banking needs
FAQ
From refinancing to reducing your interest, we have the answers right here.
Who is the founder of Bank of India?
The Bank of India was founded in 1906 by a group of prominent businessmen from Mumbai, Maharashtra. The bank was held under private ownership till 1969 and was nationalised along with 13 other banks.
Is the Bank of India a good bank?
The Bank of India has established itself as one of the premium banking services by providing high-quality services for over 100 years. Owing to its comprehensive branch connectivity, the Bank of India can provide their services to people all over the world.
Is BOI a private bank?
Bank of India is an Indian nationalised bank. It operates under the ownership of the Ministry of Finance.
How many branches does BOI have in India?
Bank of India has established a significant presence in the country owing to its 7,735 branches in the 34 states and Union Territories.
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