#1
February 1st, 2016, 09:26 AM
| |||
| |||
Bank of India Personal Loan
I want to apply for Personal Loan in Bank of India so can you please tell me the eligibility criteria and the other details of this loan?
|
#2
February 1st, 2016, 09:55 AM
| |||
| |||
Re: Bank of India Personal Loan
Bank of India is commercial bank with headquarters in Mumbai, Maharashtra, India. It was established in 1906 and nationalized in 1969. Star Personal Loans Star Personal Loan Scheme provides loan to meet various Personal requirements of customers and their family. Bank offers loans for marriage expenses, medical expenses, educational expenses, purchase of consumer durables etc. Maximum quantum of advance is Rs.10.00 lakhs, depending upon the income, with very attractive interest rate and easy repayment plan. Eligibility - 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 their Bank. Purpose - 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. Max. Loan- Min. Size of loan Rs.5.00 lacs Minimum size of loan: - At Metro and Urban Centres: Rs.10, 000/- At Rural and Semi Urban centres: No minimum size of loan. Rs.10.00 lacs Minimum size of loan: - At Metro and Urban Centres: Rs.10, 000/- At Rural and Semi Urban centres: No minimum size of loan. |