Avail Best Deals on Personal Loan from Bank of India

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Bank of India

Bank of India was formed on 7th September 1906 by a group of businessmen, originally from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalized along with 13 other banks.

Beginning with a single office in Mumbai, with 50 employees, the Bank has made a rapid growth over the years and has grown into an institution with a national presence and voluminous international operations. In business volume, the Bank occupies a premier position among the nationalized banks.

The Bank has 4828 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 50 Zonal Offices. There are 56 branches/ offices and 5 Subsidiaries and 1 joint venture abroad.

What is a Personal Loan?

A person applies for a personal loan whenever they are in urgent need of cash to pay in certain emergency situations. There are many reasons for which an individual applies for a personal loan. These may be as follows:

  1. To pay for the marriage expenses of daughter child.
  2. To pay for medical expenses
  3. To pay off previous debts
  4. For debt consolidation

A personal loan is a type of unsecured debt. This refers to the fact that a person does not need to provide any collateral to the lenders to get a loan. However, the eligibility of an individual for a personal finance is very strictly evaluated. This is because the personal loan has a certain risk factor associated with the process. As a result, the bank is not sure whether the borrower will return the loan amount back or not. This is the reason why the previous credit history, salary of the person and the tenure of the loan should be properly checked in order to avoid rejection from a bank.

It is necessary to compare the Interest Rates that are offered by the various banks in order to avoid any regrets after taking the loan. A person who is not eligible for a personal loan can take a gold loan as the process for a gold loan is simpler and does not require any complicated documentation or requirements.

Why Bank Of India Personal Loan?

The personal loan provides many advantages to the people as they can fulfill their small desires by taking this loan. Bank of India is a leading bank in the country and provides top-notch services to its customers that are on par with any other bank. The bank has a presence not only in India but, also in seven other countries. They provide personal loans to the customers with the following benefits:

They provide loans to people who are salaried and earn a specific salary amount.

Special loan offers to self-employed professionals, such as lawyers, doctors, architects, engineers and so on.

Features of Bank of India Personal Loan:

  1. Bank of India personal loan is easily available. You can apply online for Bank of India personal loan.
  2. Bank offers very reasonable rates of interest to the customers.
  3. Besides that, there is no need to pledge anything to the bank as a security.
  4. The documentation process is very easy and simple. You just have to submit very basic documents to the bank.
  5. The bank provides other offers on the personal loan to the customers too.
  6. You can get a minimum loan amount of Rs.1 Lakhs.
  7. The maximum amount of loan can be Rs. 20 Lakhs.
  8. You can return the loan within three years.
  9. Furthermore, if you are eligible your loan will be approved within 5 years.
  10. After the approval of the loan, the loan disbursal is very quick and easy.
  11. There is no need of any guarantor.

 

Interest Rates

The interest rates provided by the banks are quite affordable. It basically depends on your income and the amount of loan you require.

The bank provides you a loan at 15.20% to 24.00% per annum.

Loan amount

Basically, the amount of loan that you get depends on your monthly salary or annual income.

It can be Rs. 1 Lakhs to 20 Lakhs.

Repayment-

You have to return this amount of loan with 36 EMI’s. In simple words, you have to pay 36 EMIs.

Tenure-

You have to repay the borrowed amount of loan after some period of time. This is called the tenure of the loan. it can be 12 to 60 months.

Approval Period

If you are eligible then you will get the loan approval within 48 to 72 hours.

Documents Required-

  1. Identity verification – Bank asks for one proof of identity. It can be (Aadhar card/ voter ID card/ PAN card/ driving license/passport)
  2.  Address verification – One proof of address is also required. (Aadhar card/ voter ID card/ PAN card/ driving license/passport/ration card/utility bills/rent agreement)
  3. 2 passport size colored photos. But the applicant should not be wearing the glasses in the photograph.
  4. Income proof is also required. For salaried it is the salary slip of last three months and for self-employed, it is the ITR of the last three years.

How can you Apply?

Nowadays it is very easy to apply for a personal loan. you can apply for a personal loan online in two minutes.

  1. visit www.dialabank.com
  2. after that fill the online application form.
  3. Enter your basic information like your name, contact number and E-mail online.
  4. You will get a call back automatically as you fill the form.

Why Dialabank?

It is India’s first financial helpline company so anybody can trust

Interest rates are very low.

  1. You will get a document pickup facility from your doorstep.
  2. The customer query response is very quick.
  3. There are no charges for the guidance of the customer’s queries.
  4. For more information you may call on 60011600.

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Special Note: We do not provide Personal Loan to bad credit holder, but you can fulfill your money requirement with Gold Loan easily.

Leading personal loan providers (Click to Apply)

Axis Bank Personal Loan

PNB Personal Loan

SBI Personal Loan

ICICI Bank Personal Loan

Citibank Personal Loan

Bandhan Bank Personal Loan

Fullerton India Personal Loan

 

Special Note: We do not provide Personal Loan to bad credit holder, but you can fulfill your money requirement with Gold Loan easily.

Leading personal loan providers (Click to Apply)

  1. Axis Bank Personal Loan
  2. PNB Personal Loan
  3. SBI Personal Loan
  4. ICICI Bank Personal Loan
  5. Citibank Personal Loan
  6. Bandhan Bank Personal Loan
  7. Fullerton India Personal Loan

Personal Loan Calculator Personal Loan Interest Rates
Personal Loan Calculator Personal Loan Interest Rates

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.