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Bank of India Personal Loan for ₹2 Lakh

EMI: ₹6,534/month at 10.85%. Min income: ₹13,903/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
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Total Payment
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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Bank of India Personal Loan for ₹2 Lakh - Key Details

Interest Rate
10.85% p.a.
Monthly EMI
₹6,534
Total Interest
₹35,224
Total Payment
₹2,35,224
Min Income Required
₹13,903/mo
Processing Fee
1.50% of loan amount + GST

A ₹2 Lakh personal loan from Bank of India at 10.85% interest for 3 years will cost you ₹6,534 per month as EMI. You will pay a total interest of ₹35,224 over the loan tenure. The minimum monthly income needed is ₹13,903 (assuming no existing EMIs).

Frequently Asked Questions

What is Bank of India personal loan EMI for ₹2 Lakh?

Bank of India Personal Loan EMI for ₹2 Lakh at 10.85% for 3 years is ₹6,534 per month.

What income do I need for ₹2 Lakh personal loan from Bank of India?

You need a minimum monthly income of ₹13,903 for a ₹2 Lakh personal loan from Bank of India (at 10.85% rate, assuming no existing EMIs).

What is the total interest on ₹2 Lakh personal loan from Bank of India?

The total interest payable on ₹2 Lakh personal loan from Bank of India at 10.85% for 3 years is ₹35,224.

What is Bank of India's processing fee for ₹2 Lakh personal loan?

Bank of India charges a processing fee of 1.50% of loan amount + GST for Personal Loan.

Can I prepay my Bank of India personal loan?

Bank of India Personal Loan prepayment policy: 3% of outstanding.

₹2 Lakh Personal Loan from Other Banks

SBIFrom 11.15 - 14.30%HDFC BankFrom 10.50 - 21.00%ICICI BankFrom 10.75 - 19.00%Axis BankFrom 10.49 - 22.00%Kotak Mahindra BankFrom 10.99 - 24.00%Bank of BarodaFrom 10.60 - 14.50%PNBFrom 10.40 - 14.85%Canara BankFrom 10.55 - 14.20%Union BankFrom 10.80 - 14.50%Indian BankFrom 10.30 - 14.15%

Other Bank of India Personal Loan Amounts

₹1 LakhEMI ₹3,267/mo₹3 LakhEMI ₹9,800/mo₹4 LakhEMI ₹13,067/mo₹5 LakhEMI ₹16,334/mo₹7 LakhEMI ₹22,867/mo₹10 LakhEMI ₹32,668/mo₹15 LakhEMI ₹49,002/mo