Bank Of India Bike Loan: The processing fee for this loan is 1% of the loan amount subject to a minimum of Rs.500 and a maximum of Rs.10,000. The maximum loan amount is Rs 200 lakh. At present, the Bank of India Two Wheeler Loan interest rate starts from 7.75% per annum which may vary depending on your CIBIL score.
In this article, we will get you complete information about Bank of India bike loan in detail, so you are requested to read this article till the end.
Bank of India Two Wheeler Loan in Hindi
To take a Two Wheeler Loan, your CIBIL Score should be very good because the bank checks the credit score, credit history of the customer before giving this loan. If your CIBIL score is good then you can take advantage of the loan with the attractive bike loan interest rate of the bank.
You can take a loan from Bank of India to buy new bikes, old bikes or super bikes. The loan amount varies from person to person or institution. You can take a maximum loan of up to Rs 50 lakh for Indian make vehicles.
With the help of Bank of India bike loan calculator, you can calculate the EMI of your loan so that you can get an idea of how much you will have to pay at the time of loan repayment.
HIGHLIGHTS:
| loan name | bank of india bike loan 2022 |
| name of lender | Bank of India |
| processing fee | Up to 1% of the loan amount Minimum Rs.500 and Maximum Rs.10,000 |
| loan amount | Maximum Rs 200 lakh |
| Rate of interest | Starting from 7.75% p.a. |
| loan tenure | up to 5 years For second hand vehicles: 3 years |
| Application Mode | online / offline |
| official website | www.bankofindia.co.in |
Bank of India Bike Loan Interest Rate 2022
Bank of India bike loan interest rate 7.75% p.a. starts with. This interest rate may vary depending on the CIBIL score of the applicant. If you want to take a loan at a low interest rate, then you have to pay attention to your credit score.
Benefits and Features of Bank of India Bike Loan
- Any person can take this loan to fulfill his bike dream.
- You can apply for the loan by giving a missed call to the bank’s helpline number 8010968305 or by SMS to 7669300024.
- You do not need a heavy duty license for this loan.
- Under the BOI Star Vehicle Loan Scheme, you can take a loan to buy an old, new bike or buy a super bike.
- Demand loan for second hand vehicles only.
- You can take a loan up to a maximum of Rs 200 lakh.
- The processing fee for Bank of India Two Wheeler Loan is 1% of the loan amount subject to a minimum of Rs.500 and a maximum of Rs.10,000.
- The loan tenure of this loan is up to a maximum of 5 years.
- It will be mandatory for you to give some guarantee to take the loan.
Loan Amount
The loan amount to be taken under this loan is as follows:
- person (resident of India)
- For Indian make vehicles – Rs 50 lakhs.
- For companies and corporate entities – Rs.100 lakh.
- For companies and corporate entities – Rs 200 lakh.
- Non Resident Indian for – Rs 50 lakh.
Bank of India Bike Loan Eligibility
- Any salaried employee, professional, self-employed salaried employee can apply for this loan.
- Both resident and non-resident of India are eligible for this loan.
- You can take a Bank of India bike loan to buy a new, used or super bike.
- Applicant’s age should not be more than 65 years.
- Companies, partnership firms, proprietary concerns and other types of corporate entities are eligible.
- HUFs are not eligible.
Bank of India Bike Loan Documents Required
- Pan Card.
- Identity Proof (Any 1) – Driving License / Aadhar Card / Passport / Voter ID.
- Address Proof (Any 1) – Driving License / Aadhar Card / Passport / Voter ID.
- Bank statement of last 3 months.
- For more information contact on Bank of India Customer Care Number or by visiting your nearest branch.
How to apply for Bank of India Bike Loan?
If you fulfill all the conditions of this loan, then you can apply for it both online and offline. You can apply for the loan by giving a misscall to the bank’s helpline number 8010968305 or by writing an SMS to 7669300024. To apply, follow the steps given below:
Bank of India Bike Loan Apply Online
- after visiting the website two wheeler loan came to the option.
- By clicking on this link, all the information related to bike loan will come in front of you.
- You have to read this information correctly.
- After that click on the option of Apply Now.
- A form will open in front of you.
- Enter the requested information in it and click on submit.
- After this the bank will contact you and the loan process will be issued further.
How to apply offline?
- First of all you have to go to your nearest branch of Bank of India.
- Contact the representative of the bank who will provide you complete information about the bike loan.
- Then your documents will be verified.
- You have to fill a form and complete some necessary process.
- After that you have to submit your documents.
- If your loan is approved then the loan amount will be transferred to your bank account.
Bank of India Loan Customer care number
- Helpline Number : 8010968305 / 7669300024
Conclusion
In this article we have you Bank of India Two Wheeler Loan in Hindi Provided complete information about. An individual who fulfills the eligibility of this loan can avail Bank of India Bike Loan to buy the bike of his dreams.
If you have any other type of information regarding this loan, then you can contact on Bank of India customer care number.
Questions related to Bank of India bike loan:
The interest rate of this loan starts from 7.75% p.a.
You can take this loan for a maximum loan tenure of 5 years.
Up to a maximum of Rs 200 lakh.