Bank of India Car Loan in Bhubaneswar

About Bank of India Car Loan Bhubaneswar

Bhubaneswar, the capital of Odisha is a city of devotees running around the temples to worship their respective gods. But these gentlemen do want to lead a luxurious life with a car at their disposal. Looking at the cost of your favourite possession, you would need an affordable car loan to ensure the fulfillment of your dream while keeping the pocket well protected. How can you do that? Simple, buddy. Just apply for a car loan at Bank of India, which has a reasonably good base in Bhubaneswar. Founded in 1906, the bank is a trustworthy partner in providing various types of loans, including a car loan.

Bank of India Car Loan Bhubaneswar 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 Bhubaneswar. 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

Bank of India Car Loan Bhubaneswar Branches

You can find a decent number of branches of Bank of India in Bhubaneswar. If you are not aware of their locations in the city, the table below will do the needful. The table also contains key information such as IFSC Code, MICR Code, etc.

Branch NameComplete AddressIFSCMICRContact Detail
Kharvel NagarKharvel Nagar, 98, Kharavela Nagar, Keshari Jalkies Complex, Bhubaneswar, Odisha, Pin-751001BKID00051127510130060674-2536670, 2391898
Sailshree ViharSailshree Vihar, 39, HIG Duplex, Bhubaneswar, Odisha, Pin-751010BKID00051137510130080674-2741922
Ashok NagarBhubaneswar, 129, Ashok Nagar, Unit-II, Janpath, Bhubaneshwar, Odisha, Pin-751009BKID00055507510130020674-2532188, 2535192
Shahid NagarShahid Nagar, A/123, Bhubaneshwar. Odisha, Pin-751007BKID00055517510130050674-2545386
Chandaka Industrial ComplexChandaka Industrial Complex, Plot No.68(P), Annapurna House, , Bhubaneswar, Odisha, Pin-751010BKID00055537510130030674-2580040, 2586256
Kapila Prasad Market ComplexKapila Prasad Market Complex, At Kapila Prasad, P.O.Sunderpada, Bhubaneswar, Odisha, Pin- 751002BKID00055597510130040674-2591023
Bhubaneshwar SSI Bhubaneshwar SSI Branch, 102, Cuttack Road, , Bhubaneshwar,Odisha, Pin-751006BKID00055617510130070674-2570796
Bhubaneshwar Service BranchBhubaneshwar Service Branch, Keshari Talkies Complex , 98 Kharwel Nagar, Bhubaneshwar, Odisha, Pin-751001BKID00055637510130010674-2390754
Jayadev ViharJayadev Vihar, Star House, 1/1 D, Jayadev Vihar, , Bhubaneshwar, Odisha, Pin-751001BKID00055647510130090674-2551124
Kanan ViharPlot No. 203, Mig-Ii, Kanan Vihar, Phase-Ii, Bhubaneswar, Odisha, Pin-751031BKID0005567751013011

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