Bank of India Personal Loan Interest Rate is based on one year Marginal Cost of Fund-based Lending Rate (MCLR) of Bank of India, which is currently 7.35%. So as per the Bank of India 1-year MCLR the personal loan interest rate ranges from 10.85-12.85%. But other than that the factors which will affect your Bank of India Personal Loan Interest Rate is your eligibility. So, if you want to get an affordable rate from Bank of India, you need to ensure that you will take care of the following factors that are mentioned in this article below. Credit Score To make a good first impression, you need to make sure that your credit history is free from default and due payments. How is a credit history built? Your credit score is built on the base of your borrowed credits including both secured and unsecured loans. And the score will range from 300-900. If your credit score comes under the range of 300-600, it means you have some unsettled debts on your credit history. If your credit score falls