Check your Bank of India business loan eligibility. Rate: 11.25 - 14.75% p.a. Max amount: ₹2.50 Cr.
Bank of India offers business loan at an interest rate of 11.25 - 14.75% p.a. with a maximum tenure of 5 years. The maximum loan amount is ₹2.50 Cr with a minimum monthly income requirement of ₹30,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹5 Lakh | ₹10,934 | ₹1,56,040 | ₹26,034/mo |
| ₹10 Lakh | ₹21,867 | ₹3,12,020 | ₹52,065/mo |
| ₹15 Lakh | ₹32,801 | ₹4,68,060 | ₹78,098/mo |
| ₹20 Lakh | ₹43,735 | ₹6,24,100 | ₹1,04,131/mo |
| ₹25 Lakh | ₹54,668 | ₹7,80,080 | ₹1,30,162/mo |
| ₹30 Lakh | ₹65,602 | ₹9,36,120 | ₹1,56,196/mo |
| ₹50 Lakh | ₹1,09,337 | ₹15,60,220 | ₹2,60,327/mo |
| ₹1 Crore | ₹2,18,673 | ₹31,20,380 | ₹5,20,650/mo |
Bank of India Business Loan interest rate ranges from 11.25 - 14.75% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Bank of India offers a maximum business loan of ₹2.50 Cr with a tenure of up to 5 years.
The processing fee for Bank of India Business Loan is 1% + GST.
Bank of India Business Loan prepayment policy: 2% of outstanding.
The minimum monthly income required is ₹30,000. Use the calculator above to check your exact eligibility based on your income.