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Bank of India Business Loan

Bank Link

https://www.bankofindia.co.in/Home/MSME
Loan Amount

Min Rs. 5 Lakh and Max Rs. 50 Lakh
Interest Rate

Starting from 13.00%
Tenure

12 months to 60 months
Pre Payment Charges

2%
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Service Charges

 Processing fee   :    1.15%

Self
Minimum Age (in yrs.)

25 to 65 years
Minimum Income (in Rs.)

Regular Income
Minimum Work Experience (yrs.)

minimum 2 years and minimum business turnover of Rs. 0 .
Residence Status (yrs.)

Valid Residence proof
Id Proof

Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
Address Proof

Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement
DOB Proof

10th class certificate/certificate of birth
Financial Docs

  • Address proof : Aadhaar Card, Voter’s ID Card, registry copy, rent agreement

  • Identity proof : Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card

  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI

  • Income Tax PAN

  • 6 months bank statement
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Salaried
Minimum Age (in yrs.)

Minimum Income (in Rs.)

Minimum Work Experience (yrs.)

Residence Status (yrs.)

Id Proof

Address Proof

DOB Proof

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.
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