We're here to help you when you need financial support

Bankofindia is rated 4.8 / 5 based on the opinion of 254 customers

Min amount

₹ 10000

Max amount

₹ 1000000


0.034% per day

Min terms

365 days

Max terms

1825 days

PHP 10000 - 1000000

from 365 to 1825 days

for 0.034 per day

Apply now


Star House, C-5 G Block, Bandra Kurla Complex, Mumbai-400 051


1800 103 1906 / 1800 220 229 / (022) 40919191




Number CIN U99999MH1906PLC000243
Financing Company Name BANK OF INDIA LIMITED
City/Municipality Mumbai
Province Mumbai
Region Maharashtra
Classification Accounts, Deposit, Cards, Loans, Insurance, Investments


Age from 21 to 58 years old

Time to review

From application to receipt of money 1-2 working days

Other conditions

Currently employed or with a steady income and with a valid home address in Metro Manila and other select areas in the Philippines

Requirements for Employees Signed application form with photograph; Copy of passport/voter ID card/driving license ; Processing fee cheque; Last 3 months bank statement/6 months bank passbook; Latest salary slip; Current dated salary certificate with the latest Form 16
Requirements for Self-employed Signed application form with photograph; Copy of passport/voter ID card/driving license; Processing fee cheque; Last 3 months bank statement/6 months bank passbook; Latest Bank statement; Latest ITR or Form 16
Income requirements Depends on loan term and amount
Years in total job Depends on loan term and amount
Processing Fees 2% of the loan amount
Late payment Fee Depends on loan term and amount
Repayment of loan Through the site and in the branches

Bankofindia reviews

Dhawal Sharma

- reviewed Google


Great staff and culture.

Prashant Pathare

- reviewed Google


One of the top most bank in India, owned by goverment of India.established in 1906. Good customer service.

Basudeb Shil

- reviewed Google


The quality of customer service is very low.

Leave a comment

Notify of

Frequently asked questions

You can take out a BOI personal loan for domestic or international holidays, weddings, the latest gadgets, higher education, buying a car or even house repairs. You can spend this money for any purpose.

Clean/Unsecured loans:
- Marriage expenses of self, son, daughter or a dependent near relative.
- Medical Expenses incurred/to be incurred for self, spouse, children, dependent near relative.
- For education of self/spouse/ children/ near dependent relatives.
- For repairs/ renovation/ extension of existing house/flat.
- Any other personal expenses of bonafide nature as approved by the Bank

Secured loans:
- Repayment of existing housing loans from other banks/Financial Institutions, etc.
- Repairs/ Renovation/ Extension of House property. Education of self, spouse, children, near dependent relatives.
- Purchase of consumer durables, computers, professional equipment’s etc.

To do so, contact the nearest BOI branch and apply.

They can get a loan: Salaried employees, Professionals and individuals with high net worth, regular pensioners or family pensioners drawing regular monthly pension through Branch, Staff members, retired employees (other than dismissed/compulsorily retired) of Bank. It is necessary to have a stable income. Unemployed people can't get a loan.

Type of loans

Type of loans