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Bank of India of personal loan

Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.

Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.

The Bank has over 5000 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 55 Zonal Offices and 8 NBG Offices. There are 60 branches/ offices and 5 Subsidaries and 1 joint venture abroad.

The Bank has been the first among the nationalised banks to establish a fully computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is also a Founder Member of SWIFT in India. It pioneered the introduction of the Health Code System in 1982, for evaluating/ rating its credit portfolio.

Emergency loan by Bank of india

Eligible customers

Customers Drawing salary through BOI Bank 

All existing standard housing loan customers

All existing standard personal loan customers 

Loan amount

For salaried: 3 times of last drawn gross salary; Max: Rs. 5.00 Lakhs.

For existing housing loan/Personal customers:

3 times of last drawn gross salary in case of salaried persons, max: Rs. 5.00 Lakhs

3 times of monthly income based on the latest ITR in case of self-employed borrowers; Max: Rs. 5.00 Lakhs.

No processing fee

Apply from the official bank of india website “Click Here