BOI EMI Calculator For Home Car, Personal Loan | Bank of India Interest Rates

Bank of India EMI Calculator is an Online Tool to Calculate Equated Monthly Installment. The BOI EMI calculators to calculate home, car and Personal loan EMI are available on this page.  So, read this complete article and get a clear idea about EMI in Bank of India. Also, you can find all the details about the Bank of India EMI such as the benefits, features, documents required to apply for BOI EMI, eligibility, Processing fee, Interest rates below.

Bank of India EMI Calculator

Before you use the EMI Calculator BOI, know about what is EMI?. EMI is abbreviated as the equated monthly instalment. The EMI is the amount which is paid by the borrower to the bank. The loan amount, the interest are added, and the obtained total amount is by dividing the EMI tenure, i.e., the number of months. Then, the calculated value is nothing but the EMI. You need to pay the amount until the end of the tenure period. So, to perform such calculations, you need a calculator which is known as EMI calculator. The EMI calculator of the bank of India is called as Bank of India EMI calculator. It helps you to perform the complex EMI calculations. Using the EMI calculator on our site, you can get the exact EMI amounts.

The following are the 3 EMI calculator available on this page.

  • Bank of India Home Loan EMI calculator.
  • Bank of India Personal Loan Calculator.
  • Car loan EMI calculator Bank of India.

Bank of India is commonly known as the BOI. It is a commercial bank in India with its headquarters at Bandra-Kurla Complex, Mumbai. BOI was founded in the year 1906 and nationalised in the year 1969. Bank of India has a large number of branches and ATM’s all over India. It serves its customers with various schemes.

More About Bank of India

Bank of India EMI Calculator

Bank of India Personal Loan EMI Calculator

For many people to invest large lumps of money in buying the own house is difficult. So, you need the best EMI scheme to take the Personal loan from Bank of India. Hence, the Bank of India offering the housing loans at a low interest rate. So, have a glance at the complete details of the personal loan EMI in Bank of India below. If you have decided to apply for the EMI Personal loan in BOI, check the below steps to use the bank of India EMI calculator. You can open the BOI Personal loan account through Bank of India Personal Loan apply online facility.

How To Use BOI EMI Calculator?

  1. First of all, Click on the link below to open Bank of India Personal Loan Calculator.
  2. In a new tab, the Bank of India EMI Calculator opens.
  3. Ener the Personal loan amount, EMI interest rates, loan tenure (months/ years).
  4. Click on calculate.
  5. Then, within few seconds you can get the following BOI Personal loan EMI details.
    • EMI.
    • Total Interest.
    • Total Payment amount in rupees.

Then, check the Bank of India Personal Loan EMI details and if you want to check for the another loan amount then repeat the same process.

Personal Loan EMI Calculator Bank of India

Bank of India Personal Loan Interest Rate on EMI

BOI Personal Loan Interest Rate 2017
Interest Rates 13% to 14%
Maximum Loan Amount Up to 10 lakhs
Minimum Loan Amount Rs.10, 000/- per month
Processing Fees 2%
BOI Pensioner Loan Interest Rate 11.60%
Senior Citizens Personal Loan Interest Rate 12.60%
Loan Tenure 3 years

Personal Loan Bank of India interest rates mentioned in the above table are current personal loan rates. To know the New Bank of India Personal Loan, EMI interest rates visit the Bank of India official site.

Bank of India Personal Loan Documents

  • Bank of India Personal Loan Application Form.
  • ID Proof.
  • Address Proof.
  • Age Proof.
  • Income Proof.
  • Last 3 months bank statement.
  • Passport/ Voter id/ Driving lisence.
  • Processing Fee Cheque.
  • Latest Salary Slip.
  • Salary Certificate or Form 16.
  • Income Tax Return Certificate.

Bank of India Personal Loan Eligibility

  • Salaried employees.
  • Professionals & individuals.
  • Staff members & retired employees of BOI.
  • Self-employed.
  • Physically Challenged Minors.

All the above mentioned categories of people have the eligibility to apply for the Personal loan in Bank of India. The Bank of India Personal Loan Eligibility calculator is available at the BOI website. So, you can use the BOI Personal loan eligibility calculator to check the Personal loan eligibility.

Bank of India Personal Loan Features

  • Security.
  • Quantum of Advance.
  • BOI personal loan types are Secured and Unsecured.
  • Maximum Loan Amount is High.
  • Low Interest Rates.
  • Non-salaried self-employed professional are eligible to apply for the BOI personal loan.
  • On reducing balance basis, the Personal loan interest rates are compounded.
  • No processing charges.
  • Pensioners can also apply for the Personal loan in Bank of India.

Bank of India Home Loan EMI Calculator

Are you planning to buy a house on EMI in Bank of India? Then, use the EMI Calculator of Bank of India and check EMI per month. You can pay the instalment amounts every month on a fixed date until the end of the EMI tenure. Also check the complete details of the Home loan in Bank of India like Eligibility, Interest rates 2017, Documents Required, Processing Fee, Current Bank of India Housing Loan Interest Rates, etc. below.

Steps To Use Bank ofIndiaa housing loan EMI Calculator

  1. Firstly, click on the link below to open the Home loan EMI calculator Bank of India.
  2. Now, in a new tab, the Bank of India EMI Calculator appears.
  3. Enter the loan amount, tenure, interest rate in the space provided.
  4. Click on calculate.
  5. Within few seconds, the Home loan EMI details are displayed on the EMI calculator.

 EMI Calculator Bank of India For Home Loan

Bank of India Home Loan Interest Rate 2017

Bank of India Home Loan Details
Home loan interest rates Bank of India (For Men) 8.70%
BOI Interest Rate (For Women) 8.65%
Lowest EMI  Rs.780 per lac
Processing fees 0.25%
Prepayment charges Nil
Time for Laon Approval 8 Days
Personal Loan Tenure 30 years
Pre-closure Charges Nil

From the above table, you get the important details about the BOI housing loan such as the processing fee, Bank of India home loan rate of interest, Bank of India Housing loan tenure, etc. The Interest rates of the Bank of India Home Loan mentioned above are latest if there are any changes in the BOI home loan EMI interest rates we will update them as soon as possible.

Bank of India Home Loan Documents Required 

  • ID Proof.
  • Resident Proof.
  • Bank of India Home loan Application form.
  • 6 months Bank statements.
  • Salary slip of 3 months.
  • Processing fee cheque.
  • Income Tax Returns or Form 16.
  • Education certificates.
  • Proof of Bussiness.

Bank of India Home Loan Eligibility

  • Salaried employees.
  • Professionals.
  • Self-employed persons.
  • Partnership firms.
  • Corporate.
  • NRI.
  • PIO.
  • HUF.
  • Firm.
  • Proprietorship firms.

All the above mentioned categories of people have the eligibility to apply for the home loan bank of India. To know more about the BOI eligibility go to the official website of Bank of India. Otherwise, you can check the eligibility using the Bank of India home loan eligibility calculator.

Bank of India Home Loan Features

  • BOI home loans are available at very competitive interest rates.
  • Prepayment Loans are permitted.
  • No prepayment charges.
  • Loans are available for NRI’s.
  • Setup and Stepdown EMI’s are available.
  • Tax Benefits.
  • Life Insurance Cover.
  • Flexible Home loan EMI tenures.

Bank of India Car Loan EMI Calculator

Nowadays, everyone prefers the EMI to buy a Car. Because there are several EMI schemes in all banks and the car loan interest rates in the Bank of India are also so low. So, if you are planning to purchase a car immediately use the BOI car loan EMI calculator and check the monthly instalment amount for various loan amounts. Along with the New Bank of India car loan interest rates, you will also find the BOI car loan eligibility, benefits, Processing fee and required documents.

How To Use the BOI Car Loan EMI Calculator?

  1. Hit the link below to open BOI EMI calculator for the car loan.
  2. Now, you have to enter the Car loan amount, EMI interest rate, EMI loan tenure on the Bank of India EMI Calculator.
  3. Click on “calculate”.
  4. Within a fraction of seconds, the EMI amount, total interest and the total amount are displayed on the EMI calculator BOI.
  5. Check those details and if you want to check EMI details for another loan amount, repeat the same steps using Bank of India car loan calculator.

Bank of India EMI Calculator For Car Loan

Bank of India Car Loan Interest Rate 2017

 Car Loan EMI Scheme in Bank of India Interest Rates
Bank of India car loan Rate of Interest (For New Car) 9.35%
Bank of India used car loan Interest 9.35%
2 Wheeler Loans 9.35%
Bank of India Car Loan Details
Processing Fee 1%
Loan Tenure 1 year to 7 years

 BOI Car Loan Eligibility

  • Salaried Employees.
  • Professionals.
  • Self Employed.
  • Individuals.
  • Senior Citizens.
  • Pensioners.
  • Farmers.
  • Staff and retired employees of the Bank of India.
  • Companies.
  • Non-residents.
  • Partnership Firm.
  • Corporate entities.

All the above mentioned categories of people have eligibility to apply for the Car loan in Bank of India. But,  HUF’s are not eligible to apply for the Bank of India Car loan.

Bank of India Car Loan Documents List

  •  Bank of India car loan application form.
  • Photo Proof.
  • ID Proof.
  • Residence Proof.
  • Six months bank statement.
  • Salary Pay Slip.
  • Income Tax Return Certificate.
  • CA Certified Documents.

Features & Benefits of Car Loan Bank of India

  • Bank of India Car loan Documentation is so simple.
  • Low & competitive car loan interest rates.
  • Quantum loans.
  • Transparency.
  • Low Processing Fee.
  • Repayment is possible.
  • Secured loan.
Updated: March 28, 2017 — 12:48 pm

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