EMI: ₹16,334/month at 10.85%. Min income: ₹34,754/month.
A ₹5 Lakh personal loan from Bank of India at 10.85% interest for 3 years will cost you ₹16,334 per month as EMI. You will pay a total interest of ₹88,024 over the loan tenure. The minimum monthly income needed is ₹34,754 (assuming no existing EMIs).
Bank of India Personal Loan EMI for ₹5 Lakh at 10.85% for 3 years is ₹16,334 per month.
You need a minimum monthly income of ₹34,754 for a ₹5 Lakh personal loan from Bank of India (at 10.85% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh personal loan from Bank of India at 10.85% for 3 years is ₹88,024.
Bank of India charges a processing fee of 1.50% of loan amount + GST for Personal Loan.
Bank of India Personal Loan prepayment policy: 3% of outstanding.