Monthly EMI: ₹3,267 at 10.85% for 3 years. Total interest: ₹17,612.
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With a ₹1 Lakh personal loan from Bank of India at 10.85% for 3 years, you will pay a monthly EMI of ₹3,267. The total amount payable is ₹1,17,612, of which ₹17,612 is interest.
At 10.85% interest rate for 3 years, the EMI for ₹1 Lakh Personal Loan from Bank of India is ₹3,267 per month. Total interest payable: ₹17,612.
Bank of India offers Personal Loan at 10.85 - 14.85% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1 Lakh at 10.85% for 3 years, you would pay approximately ₹17,612 as total interest, making the total repayment ₹1,17,612.
Bank of India's prepayment policy for Personal Loan: 3% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Bank of India offers competitive rates starting from 10.85 - 14.85% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹1 Lakh personal loan.