Bank of India Car Loan in Bengaluru

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

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

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 NameComplete AddressIFSCMICRContact Detail
Bangalore MainBangalore Main, 11, Bank Of India Building, K.G.Road, Bangalore, Karnataka, Pin-560009BKID0008400560013002080-22959437, 22959438
MalleswaramMalleswaram, No 112, Ist Floor, Margosa Road, Bangalore, Karnataka, Pin-560003BKID0008401560013007080-23567593, 22959500
VisweswarapuramVisweswarapuram, 83 Digaronal Road, Visveswarapuram, Bangalore, Pin-560004BKID0008402560013010080-26612656, 26620225
VirgonagarVirgonagar, Vill Avalahalli, Post Virgonagar, Bangalore, 560049, Karnataka, Pin-560049BKID0008403560013016
Cantonment, Jothi MahalCantonment, Jothi Mahal, 49, St Marks Road, Bangalore,, Karnataka, Pin-560001BKID0008404560013003080-22959478, 22959474
Jaya NagarJaya Nagar, 2904 11 Main Road, 4Th Block Jayanagar, Bangalore, Karnataka, Pin-560025BKID0008405560013006080-22959483, 22959484
RajajinagarRajajinagar, 675, Ii Block, Nr Navarang Theatre, Bangalore, Karnataka, Pin-560110BKID0008406560013008
J C RoadJ C Road, 75 J C Road, Bangalore, Bangalore, Karnataka, Pin-560002BKID0008407560013005
YeshwantpurYeshwantpur, 6, Regulated Market, Yeshwantpur, Bangalore, Karnataka, Pin-560022BKID0008408560013011080-22959528
Richmond TownRichmond Town, 22, Bangalore, Karnataka, Pin-560025BKID0008409560013009080-22959513, 22959512

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