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  • Bank of India Star Holiday Loan Scheme is Rated as "Excellent!" by 51 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bank of India Star Holiday Loan Scheme

    Bank of India was founded on 7th September, 1906 in Mumbai. It now has over 4,963 branches across India and has 60 branches and 5 subsidiaries and 1 joint venture abroad. Bank of India also has its presence in 22 foreign countries and is spread across 5 continents.

    BOI Star Holiday Loan Scheme

    Bank of India offers Star Holiday Loan Scheme to meet airfare, train and bus expenses. The loan can be used to meet the accommodation expenses while on pilgrimage, tour or excursion that you, your spouse, children and your parents or close relatives take in India or abroad.

    Apply for Personal Loan

    Features of Bank of India Star Holiday Loan Scheme

    Type of loan

    Demand loan that is reducible as per repayment schedule.

    Quantum of loan amount

    Clean loan: Maximum limit is Rs.2 lakhs.

    In the event you have a liquid collateral security that is at least 50% of the loan amount sanctioned, then the maximum loan amount limit is Rs.5 lakhs.

    If the collateral security is equal to 100% of the loan amount sanctioned, then the maximum loan amount limit is Rs.10 lakh.

    Pensioner get a maximum loan of Rs.1 lakh.

    Minimum limit of loan:-

    For metro and urban centres: Rs.10,000

    For rural and semi urban centres: No limit

    Margin No margin but the loan amount should not exceed the proposed requirement.
    Repayment term

    Maximum: 24 EMIs with effect from one month after the 1st disbursement of the loan amount.

    In exceptional cases, you will get up to 36 EMIs.

    Processing charges

    2% of the loan amount is charged as the processing fee subject to a minimum of Rs.1,000 and maximum of Rs.10,000 plus the service tax.

    The minimum loan amount for the pensioners is Rs.500 and the maximum limit is Rs.2,000.

    Processing fee will not be charged for senior citizens.

    Bank of India Star Holiday Loan Scheme Interest rates

    The BOI Star Holiday Loan scheme interest rate for fully secured advances where the collateral is at least 100% of the loan amount is base rate + 3% that is 12.95% per annum.

    Interest rate for partly secured advances where the collateral is at least 50% of the loan amount is base rate + 3.50% that is 13.45% per annum.

    Interest rate for clean or unsecured loan is base rate + 4.25% i.e. 14.20% per annum.

    Base rate for pensioners or senior citizens for loan amount up to Rs.50,000 is base rate + 3% i.e. 12.95% per annum.

    Eligibility Criteria for taking Bank of India Star Holiday Loan Scheme

    Bank of India Star Holiday Loan scheme is offered to salaried employees, professionals, self-employed, pensioners, staff members, agriculturists, businessmen and to individuals having a high net worth.

    How to calculate EMI on BOI Star Holiday Loan Scheme

    You must know how much EMI you will be paying each month and how long it is going to take for you to clear out the loan, before taking a loan. BankBazaar offers you EMI Calculators, where you will have to fill in details of the loan amount, tenure and the interest rate.

    Based on your capacity to pay off the loan EMI, you can choose the tenure that you see fit. BankBazaar will give you a breakup of the loan, amortization, repayment details, interest and principal components etc.

    Bank of India Star Holiday Loan Scheme FAQs

    Who can take BOI Star Holiday Loan scheme?

    Salaried employees, professionals, self-employed, pensioners, staff members, agriculturists, businessmen and to individuals having a high net worth can avail this loan.

    What is the maximum loan limit?

    The maximum loan amount offered is Rs.10 lakh.

    What is the BOI Star Holiday Loan scheme interest rate?

    The BOI Star Holiday Loan interest rate ranges from 12.95% to 14.20%.

    What is the repayment period offered?

    The repayment term for the loan is 24 months and 36 months in exceptional cases.

    Is there a processing fee charged?

    Yes, 2% of the loan amount is charged as the processing fee, however, the processing fee is not charged for senior citizens.

    Bank of India Star Holiday Loan Scheme Reviews

    • Bank of India Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the Bank Of India for 50000. The experience was good, after submitting the documents I got the loan amount with in 2 days. The interest rate was very good. I'll have to pay an EMI of 1200 for 48 months. It has been a good experience so far.
      Was this review helpful? 13
      , belgaum
      Reviewed on Jul 24, 2018
    • Bank of India Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience i had with them and the loan amount which they had provided had been satisfactory and the interest rate with them also had been good as well. The services from the staff and their customer support also had been well and good.
      Was this review helpful? 8
      , mumbai
      Reviewed on Jul 12, 2018
    • Bank of India Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan I have taken personal loan from the Bank of India . Am satisfied with the rate of interest which they have provided . There is no processing fees they provide 3 years tenure period . They came in person and provided the loan . Am satisfied with customer service
      Was this review helpful? 4
      , hyderabad
      Reviewed on Jun 24, 2018
    • Bank of India Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      Taken personal loan from Bank of india , with promising rate of interest while comparing to other banks available in market. Easy approval process , am satisfied with the loan amount based on my requirements . Customer service and the customer response is best in terms of clearing queries .
      Was this review helpful? 1
      , navi mumbai
      Reviewed on Apr 30, 2018
    • Bank of India Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The BANK OF INDIA has offered me the loan on time, they have delivered the required loan amount and I am satisfied with it. The customer support service and the response is good with the BANK OF INDIA and I am satisfied with the interest rate which they have offered was very low when compared with other banks.
      Was this review helpful? 3
      , chennai
      Reviewed on Apr 23, 2018
    • Bank of India Personal Loan
      "Better card to use"
      0.5 4.0/5 "Great!"
      Bank of India has disbursed my personal loan amount within 10 days of time. The customer support service is good with the bank of India. The rate of interest and the charges are good with the bank of India. The prompt response has been given by this bank.
      Was this review helpful? 2
      , new delhi
      Reviewed on Mar 23, 2018
    • Bank of India Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with BANK OF INDIA 1 year back. The loan amount was 11 lakhs and the Interest rate was satisfactory . The loan process was very smooth and easy. The loan was approved on time and they have provided door step service for collecting documents.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Feb 27, 2018
    • Bank of India Personal Loan
      "Personal loan with BOI"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from BOI. The approved loan amount was 40000. The rate of interest was nominal only. The monthly EMI comes around 860 with a total tenure of 4 years. 2 years i have paid the EMI.The customer service and response is good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Feb 20, 2018
    • Bank of India Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BANK OF INDIA 6 months back. The loan amount was 12 lakhs and the Interest rate was 8.52% and the tenure period was 3 years . Here the loan process was good and the processing fee was nominal. I had a good experience here overall .
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 31, 2018
    • Bank of India Personal Loan
      "Need improvement "
      0.5 2.0/5 "Expected more"
      The bank of India personal loan service was not up to the mark and they never gave me the response which I was expected from them. The response part need to be improved with the bank of India personal loan services. The rate of interest and the charges are average with the bank of India, rather I would say it is lesser than HDFC bank.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 16, 2018
    • Bank of India Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken Personal Loan from Bank of India and the experience was very good. The loan amount was for Rs 2.5 lakhs with the rate of interest of 14.99% which is nominal rate. This was a preapproved loan and the loan amount was disbursed within a day. Customer service was good and they followed up on time. The tenure of the loan is 4 years and it was overall a good service from BOI.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jan 09, 2018
    • Bank of India Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I had applied for the personal loan from Bank of India, my loan application was approved and the requested amount was disbursed. The loan amount was for 1 lakh with the rate of interest of 11% which is nominal when compared to other banks. Door step service was given to collect the documents. The customer service was good and they responded well. The process was very smooth and the loan amount was approved within 2-3 days.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Nov 13, 2017
    • Bank of India Personal Loan
      "OK OK EXPERIENCE"
      0.5 2.0/5 "Expected more"
      I am having a ok ok experience with the Bank of India as i took a personal loan from there . Customer service was good the bank provided me the rate of interest of 16% as it was high and also charged me rupees 3500 . I did not had an option so i took the loan from there .
      Was this review helpful? 1
      , raipur
      Reviewed on Oct 29, 2017
    • Bank of India Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I went to Bank of India branch, they provided me preapproved option within a day they processed the loan and got the disbursed at end of the day. I took the loan amount of Rs.75 lakhs with 14% of interest. Now it got closed and I got NOC, they done simple documentation process.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 11, 2017
    • Bank of India Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Bank of India has approved and disbursed my loan within 10 days of time. The customer service with bank of India is very good. The way they give response to the customer is very good. The rate of interest is nominal when compared with others. I am satisfied with the loan amount.
      Was this review helpful? 4
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank of India Personal Loan
      "Process is good. "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bank of India and the experience to get this loan was not a huge deal. The process was simple and the documentation was not much. The response was timely and I got the funds I needed with a normal interest rate and charges.
      Was this review helpful? 1
      , warangal
      Reviewed on Aug 10, 2017
    • Bank of India Personal Loan
      "100000"
      0.5 1.0/5 "Really Bad"
      Ranveer Kumar S/O- Saryug Sharma At- Kazichak Po+Ps- Barh Dist-Patna (Bihar) 803213 It was an excellent process with Bank of India. I had taken a personal loan and the bank has very good options. I got a lesser rate of interest and I can also close my loan any time in the tenure of five years and I do not get charged for it. Also their customer services are good too.
      Was this review helpful? 4
      , patna
      Reviewed on Jul 04, 2017
    • Bank of India Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took personal loan from Bank of India .Nearly 13.5% rate of interest was offered and within 10 days the loan was disbursed. Rs.1500 to 2000 was charged as the processing fee. I felt that the service is good. I have the salaried account with them so the process went on smooth.The loan amount given was less comparing to the other banks
      Was this review helpful? 3
      , bhubaneshwar
      Reviewed on May 25, 2017
    • Bank of India Personal Loan
      "Best in terms and conditions"
      0.5 5.0/5 "Blown Away!"
      It was an excellent process with Bank of India. I had taken a personal loan and the bank has very good options. I got a lesser rate of interest and I can also close my loan any time in the tenure of five years and I do not get charged for it. Also their customer services are good too.
      Was this review helpful? 1
      , rourkela
      Reviewed on May 22, 2017
    • Bank of India Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bank of India personal loan process is good. They provide very good service I had taken this loan loan back and it is closed as well I had opted for 7 laks rupees loan amount with rate of intrerst 9% they have not charged any processing fee just . I just gave voter id and company letter. They had charged 3% as the foreclosure charge.
      Was this review helpful? 5
      , margao
      Reviewed on May 13, 2017
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