Dear Customer, please note that we have revised our Interest Rates and improved our Product Service delivery w.e.f 01.10.2018; Visit our nearest branch for update. View More...

Audited Financial Results as on 31.12.2017

Audited Financial Results as on 31.12.2016

Audited Financial Results as on 31.12.2015

Financial Statement as on 31.Dec.2018

Audited Financial Statement as on 31.Dec.2018

Exchange Rates


This is a unique product for principled savers who want to save and earn interest at competitive rates. Save for better tomorrow.


Main features and benefits


  • Unlimited access to unsecured loans and Secured loans depending on your monthly Net salary.
  • Competitive Interest rates on secured loans are 1.0% less than the unsecured loan facilities adjusted in line with market rates.
  • The maximum repayment period is 3 years including moratorium subject to annual review of the account. The maximum repayment period can be extended up to 5 years at the discretion of BOIUL.
  • In case of any personal purchases using personal loan; - For secured loans: 75% - based on actual cost or purchase price and for Unsecured is Nil.

Basic Requirements

  • Formal Application stating the amount, purpose, tenor, source of repayment and proposed security.
  • Third party guarantee of persons with adequate worth. (Can be waived at the discretion of BOIUL depending on the standing of the borrower)
  • Specific Security Agreement(SSA)/Hypothecation agreement (if applicable)
  • Letter of undertaking from the employer that in case the borrower ceased to be its employee due to any reason such as resignation/retirement/death and or on transfer to other place, the employer will pay the loan amount.
  • Financial Card Number for the borrowing entity.
  • Any other information as may be requested by the Bank, depending on the nature of the request.