Bank of India Car Loan in Bengaluru
Last Updated : Sept. 5, 2017, 12:16 p.m.
About Bank of India Car Loan Bengaluru
Bank of India (BOI) is one of the leading public sector banks into the business of lending and deposits. Within its realm of lending, a car loan is also there to let the aspirants drive at affordable interest rates. Its branches are scattered across India and much so in Bengaluru given its solid IT base being so crazy to drive on the beautiful roads of the city.
Bank of India Car Loan Bengaluru at a Glance
| Particulars | Details |
|---|---|
| Interest Rate | 6.85% onwards |
| Loan Amount | Maximum Loan Amount : ₹ 50,00,000 for Resident Indian(individuals) & ₹ 100,000 for corporates for Resident Indian; ₹ 50,00,000 for Non-Resident Indians |
| Loan Tenure | Upto 7 Years for New Cars & upto 3 years for pre-owned cars |
| Processing Fee | NIL |
| Prepayment Charges | New Cars: ₹ 500 per application irrespective of the limit Pre-owned cars: 1% of loan amount minimum ₹500/- and Max ₹10,000/ |
Eligibility Criteria
Check out the below eligibility criteria for a smooth approval of your car loan application in Bengaluru.
- 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 Bengaluru
Bank of India Car Loan Bengaluru Branches
The bank has a substantial number of branches in Bengaluru for you to avail a car loan. The representatives there would help you in the best possible manner by suggesting you the right product.
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Bangalore Main | Bangalore Main, 11, Bank Of India Building, K.G.Road, Bangalore, Karnataka, Pin-560009 | BKID0008400 | 560013002 | 080-22959437, 22959438 |
| Malleswaram | Malleswaram, No 112, Ist Floor, Margosa Road, Bangalore, Karnataka, Pin-560003 | BKID0008401 | 560013007 | 080-23567593, 22959500 |
| Visweswarapuram | Visweswarapuram, 83 Digaronal Road, Visveswarapuram, Bangalore, Pin-560004 | BKID0008402 | 560013010 | 080-26612656, 26620225 |
| Virgonagar | Virgonagar, Vill Avalahalli, Post Virgonagar, Bangalore, 560049, Karnataka, Pin-560049 | BKID0008403 | 560013016 | |
| Cantonment, Jothi Mahal | Cantonment, Jothi Mahal, 49, St Marks Road, Bangalore,, Karnataka, Pin-560001 | BKID0008404 | 560013003 | 080-22959478, 22959474 |
| Jaya Nagar | Jaya Nagar, 2904 11 Main Road, 4Th Block Jayanagar, Bangalore, Karnataka, Pin-560025 | BKID0008405 | 560013006 | 080-22959483, 22959484 |
| Rajajinagar | Rajajinagar, 675, Ii Block, Nr Navarang Theatre, Bangalore, Karnataka, Pin-560110 | BKID0008406 | 560013008 | |
| J C Road | J C Road, 75 J C Road, Bangalore, Bangalore, Karnataka, Pin-560002 | BKID0008407 | 560013005 | |
| Yeshwantpur | Yeshwantpur, 6, Regulated Market, Yeshwantpur, Bangalore, Karnataka, Pin-560022 | BKID0008408 | 560013011 | 080-22959528 |
| Richmond Town | Richmond Town, 22, Bangalore, Karnataka, Pin-560025 | BKID0008409 | 560013009 | 080-22959513, 22959512 |
