Bank of India Car Loan in Ahmedabad

About Bank of India Car Loan Ahmedabad

Ahmedabad, the city of management graduates and a home to a large number of business enterprises, also has a segment that dreams of buying a car of their choice. Specifically, to tap this massive requirement, Bank of India (BOI) is placed in large numbers through its extensive branch network in the city. Based on the type of car you wish to buy, the bank would provide you a loan that could also fit into your pocket.

Bank of India Car Loan Ahmedabad at a Glance

ParticularsDetails
Interest Rate9.25%
Loan AmountMaximum Loan Amount : ₹ 50,00,000 for Resident Indian(individuals) &₹ 100,000 for corporates for Resident Indian; ₹ 50,00,000 for Non-Resident Indians
Loan TenureUpto 7 Years for New Cars & upto 3 years for pre-owned cars
Processing FeeNIL
Prepayment ChargesNew Cars: ₹ 500 per application irrespective of the limit

Pre-owned cars: 1% of loan amount minimum ₹500/- and Max ₹10,000/

Eligibility Criteria

  • Salaried employees working in both public and private firms are a welcome at Bank of India for Car Loan.  Also eligible are Non-resident Indians (NRIs), self-employed and professionals.
  • Companies, Partnership Firms, Sole Proprietorship Firms and Hindu Undivided Families are prohibited from applying for a car loan at BOI.

Documentation

A list of documents is needed to avail BOI Car Loan in Ahmedabad. Interested to know which are the documents being asked to submit?

  • Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card
  • Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card
  • Signature Verification Proof-PAN Card/Passport/Driving License
  • Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement (For Salaried), ITR, Audited Balance Sheet and Profit & Loss Account Statement for the Last 3 Years (Self-Employed)
  • RTO Copy
  • Processing Fee Cheque
  • A Duly Filled Application Form

For more information, visit Car Loan Ahmedabad

Bank of India Car Loan Ahmedabad Branches

Branch NameComplete AddressIFSCMICRContact Detail
Ahmedabad MainNavrangpura, Swastik Society, Charrasta, Ahmedabad, Gujarat, Pin-380009BKID0002000380013003079-25352281
PanchavatiPanchavati, Ambavadi, Ellisbridge, Ahmedabad, Gujarat,
Pin-380006
BKID000200138001304026406978
Ashram RoadAshram Road, Opp Hr Arts College, Ashram Road, Ahmedabad, Gujarat, Pin-380009BKID000200238001300626582395, 26589706
Delhi ChaklaDelhi Chakla, Ahmedabad, Gujarat, Pin-380001BKID0002003380013007079-25622734, 25620955
Ellis BridgeEllis Bridge, Ahmedabad, Gujarat, Pin-380006BKID0002004380013008079-26576152, 26577158
Manek ChowkManek Chowk, Sankadi - Sheri Naka, Manek Chowk, Ahmedabad, Gujarat, Pin-380001BKID000200738001301722140754, 22144706
ManinagarManinagar, Station Road, Maninagar, Ahmedabad, Gujarat, Pin-380008BKID000200838001301825462137, 25462770
New Cloth MarketNew Cloth Market, Purshottam Mill Compd, Outside Rajpur Gate, Ahmedabad, Gujarat, Pin-380002BKID0002010380013023079-22160258, 22161241
PaldiPaldi, Vidyalaya Chambers, Opp Paldi Bus Stand, Ahmedabad, Gujarat, Pin-380006BKID0002011380013024079-26578226, 26579707

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