Bank of India Car Loan: BOI Bank has come up with Car Loans at attractive interest rates for the customers. Anyone can avail this loan to buy their dream car. In this article we Bank of India Car Loan You will get all the information related to it, so you can read this article till the end.
When you take a loan to buy an old, new or luxury car, it is a car loan. Just as we take a bike loan to buy a bike, similarly we take a car loan to buy a car.
in present time Bank of India Car Loan Interest Rate 7.25% p.a. starts from You can get this loan for a longer tenure of 7 years.
Bank of India Car Loan in Hindi
Under Bank of India Car Loan, you can get a loan up to a maximum of Rs 200 lakh. You can avail this loan to buy a new, used or any type of car.
BOI car loan comes under the category of a secured loan. That is, to take this loan, you have to give some collateral or security, but in a car loan, the car itself acts as a collateral. The processing fee for this loan is up to 1% of the loan amount.
You can calculate the EMI of your loan with the help of Bank of India Car Loan EMI Calculator by visiting the official website of the bank, so that you can find out how much installment of rupees you will have to pay at the time of loan payment.
HIGHLIGHTS:
| loan name | bank of india car loan 2022 |
| name of lender | Bank of India |
| Rate of interest | Starting at 7.25% p.a. |
| processing fee | For New Car Loan: Up to 0.25% (Min Rs 1000, Max Rs 5000) For Second Hand Car Loan: 1% of the loan amount (Minimum Rs.500, Maximum Rs.10,000) |
| loan tenure | up to 7 years |
| application mode | online / offline |
| official website | www.bankofindia.co.in |
Bank of India Car Loan Interest Rate 2022
At present, the interest rate of BOI Car Loan starts from 7.25% per annum. This interest rate may vary depending on the CIBIL score, profile, loan amount, age etc. of the applicant. If you are an existing customer of the bank and your credit score is very good, then you can take advantage of the bank’s attractive interest rates.
Bank of India Car Loan Benefits and Features
- Any person can take advantage of Bank of India car loan to buy any type of new or used car.
- Under this loan, you can take a maximum loan of Rs.200 lakhs.
- You can apply for this car loan both online and offline.
- You can also apply for Bank of India Loan by calling the customer care number of the bank.
- The processing fee for New Car Loan is up to 0.25% of the loan amount subject to a minimum of Rs.1000 and a maximum of Rs.5000.
- The processing fee for a second hand car loan is up to 1% of the loan amount with a minimum of Rs.500 and a maximum of Rs.10,000.
- BOI Car Loan The maximum term is up to 7 years.
BOI Car Loan Eligibility
- All types of Salaried Employees, Professionals, Self Employed Salaried Employees, Professionals, Self Employed Individuals can apply.
- Both residents and non-residents of India are eligible.
- The maximum age of the applicant should not exceed 65 years.
- Companies, partnership firms, proprietary concerns and other forms of corporate entities are eligible.
- HUF not eligible.
Bank of India Car Loan Documents Required
For more information about the document, you can contact the bank by visiting it. Some common documents are as follows:
- Signed Application Form with Photograph
- Photo ID and Age Proof
- Proof of residence
- Last 6 months bank statement
- Documents for Salaried Applicants:
- Last 3 months salary slip
- Form 16 or Income Tax Return
- Documents for Self Employed Applicants:
- Income tax return of last 3 years with computation of income
- CA Certified / Audited Balance Sheet and Profit & Loss Account for the last 3 years
How to apply Bank of India Car Loan?
If you fulfill all the conditions of the bank, then you can apply for it both online and offline. You can also apply for the loan by calling the customer care number of the bank. Follow the steps given below to apply:
Bank of India Car Loan Apply Online
- after visiting the website car loan Click on the option.
- All the information related to the car loan will come in front of you.
- To apply, click on the option of Apply Now.
- The loan application form will open in front of you.
- Enter the requested information and click on submit.
- Then the bank will contact you and the loan process will be continued further.
How to apply for car loan offline?
- To apply offline, you must first go to your nearest bank branch.
- Contact the bank employee who will provide you information about the car loan.
- Your documents will be verified.
- Then you have to fill the form and submit the documents.
- In this way your application will be done.
BOI Car Loan Customer Care Number
- Customer care: 8010968305 / 7669300024
conclusion
In this article we have given you Bank of India Car Loan in Hindi Complete information about has been provided. Anyone can avail this loan to buy their dream car.
For any kind of information about this loan, you can write to us in the comments.
FAQ:
The interest rate starts from 7.25% p.a.
You can get loan up to Rs.200 lakh.
Up to 1% of the loan amount.