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

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.