BOI- Bank of India Credit Card Eligibility Calculator

If you meet the following criteria, then you will be eligible for a BOI- Bank of India Credit Card from more than one bank.

Age : The minimum age required to hold a BOI- Bank of India Credit Card is 18 years, while the maximum age at which a BOI- Bank of India Credit Card can be availed is 60 years.

Credit Score : A minimum credit score of 650 is required to avail of a BOI- Bank of India Credit Card. the bank in which the individual already has an account.

Employment Status : To avail of a BOI- Bank of India Credit Card, a steady flow of income is required. Both salaried and self-employed can avail of a card as long as you can provide proof of steady income flow.

Net Monthly Income : Minimum Rs. 15,000 as net monthly income is required to avail of aBOI- Bank of India Credit Card.

ITR : Self-employed individuals are required to submit last year’s ITR as well, along with identity proof when applying for a BOI- Bank of India Credit Card.

Factors Affecting BOI- Bank of India Credit Card Eligibility

Credit Score : Credit score is an indication of a person’s creditworthiness. Lower the score; lesser is the creditworthiness. Besides, the more benefits a card has, the more is the required credit score. Some banks do have a specified card for those who do not have a credit score. However, if you have a certain credit history, then the minimum credit score of 650 is required.

Income : Although a minimum income of Rs. 15,000 is required to be eligible for the card, but it will be a card with very few to none benefits. Higher income will attract a better card, which has a lot more benefits and a robust reward system.

Organization : Each bank has a list of organizations with it, which are considered by the bank as trusted companies. So, if you work among any of those organizations, then the eligibility criteria for you are relaxed as compared to those who do not.

Previous BOI- Bank of India Credit Card Record : In case you already have a BOI- Bank of India Credit Card and want to apply for another one, then the record of your previous card can be used to consider your eligibility. Thus, if you have maintained a good repayment record in your previous card, then it will serve as a positive sign for the bank when considering your eligibility.

Existing relationship with bank : If you already have a savings or salary account with a bank, then based on an existing relationship, you can easily be eligible for a BOI- Bank of India Credit Card issued by that bank. As compared to new customer banks have relaxed norms for existing ones. ICICI Bank has low-income criteria for customers who have a salary or savings account with the bank.

 

Eligibility Criteria for BOI- Bank of India Credit Card

Minimum and Maximum Age

21 Yrs. – 65 Yrs.

Note: However, many banks require minimum age of 18 years

Loan Amount

  • Upto Rs. 10 lakhs. Some banks give maximum loan upto Rs. 50 lakhs
    Note: Loan amount depends upon the value of the Vehicle and the EMI you can pay

Net Monthly Income

  • Min. Rs. 15,000 per month

Employment Type

  • Salaried and Self Employed
  • Interest rates are typically in the range of 7.75% to 29.00% per annum

Minimum Work Experience

  • 1 year of total work experience
  • Business tenure should of 5 years & ITR required for at least 2 years (For Self Employed only)

CIBIL Score for BOI- Bank of India Credit Card

  • 650 & more credit history
    Note: Most banks avoid giving BOI- Bank of India Credit Cards if you have low credit score



  • Allahabad Bank

Instant Personal, Car, Education, Home, Business Loan up to ₹ 50,000 - ₹ 50 Lakhs