Monthly EMI: ₹13,067 at 10.85% for 3 years. Total interest: ₹70,412.
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With a ₹4 Lakh personal loan from Bank of India at 10.85% for 3 years, you will pay a monthly EMI of ₹13,067. The total amount payable is ₹4,70,412, of which ₹70,412 is interest.
At 10.85% interest rate for 3 years, the EMI for ₹4 Lakh Personal Loan from Bank of India is ₹13,067 per month. Total interest payable: ₹70,412.
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 ₹4 Lakh at 10.85% for 3 years, you would pay approximately ₹70,412 as total interest, making the total repayment ₹4,70,412.
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 ₹4 Lakh personal loan.