Car Loan Rates EMI 2024

Bank of India Car Loan in Chandigarh

Bank of India Car Loan in Chandigarh

Last Updated : March 24, 2022, 12:46 p.m.

About Bank of India Car Loan in Chandigarh

Driving a car on the roadside with family and friends is a privilege many want to experience. But very few manage to realize it in their lifetime. Bank of India (BOI), a state-owned bank with more than 5,000 branches across the country, is the right option to get the finance for your dream car. It’s car loan service is available throughout India, including Chandigarh, the capital of Punjab and Haryana. You can buy an altogether new model or a used one by availing the loan from BOI.

Bank of India Car Loan Chandigarh at a Glance

Interest Rate6.85% onwards
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 to Apply for Bank of India Car Loan in Chandigarh

  • Salaried employees of both public and private sector units can apply for a personal loan at Bank of India.
  • Self-employed, non-resident Indians (NRIs), companies, partnership firms, proprietorship concerns are also eligible.
  • The individuals are not likely to be more than 65 years while availing a car loan.

Documents Sought by Bank of India to Sanction Car Loan in Chandigarh

Bank of India seeks a list of documents that you should present to get the car loan without any hassle. So, check out the documents below.

  • 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

Check for more in Car Loan Chandigarh

Bank of India Car Loan Chandigarh Branches

Branch NameComplete AddressIFSCMICRContact Detail
Sector 17Banks Square, Sector 17, Chandigarh, Pin-160017BKID00062001600130010172-2702853, 2704018
Sector 20Sector 20, S.C.F. - 9, Sector 20-C, Chandigarh, Pin-160020BKID00062011600130030172-2706746, 2708826
Sector-32Sector-32 (Chandigarh), S.C.O.290- 291, Chandigarh, Pin-0172-2601359BKID00062021600130040172-2601359, 2601591
Sector 35Sector 35, Sco 415-416, Sector35 C, Chandigarh, Pin-160022BKID00062031600130020172-2668915, 2668916
Chandigarh Hi Tech Branch181-182, Ground Floor, Sector 17-C, ChandigarhBKID00062061600130070172-2703311
Chandigarh Service BranchChandigarh Service Branch, Bank Square, Sector-17, Chandigarh, Pin-160117BKID00062061600130070172-2704018, 2711910
Sector 40S.C.O. 323, Sector 40D, Chandigarh, Pin-160036BKID0006207160013011
Chandigarh Retail HubS.C.O. 81-82, Sector 17-B ChandigarhBKID00062081600130120172-2724610
Sector 47Sector 47, S.C.O. No. 113, Sector 47 C, Chandigarh, Pin-160047BKID00062101600130140172-5025647
Sector 31Sector 31, Star House S.C.O. 76-82, Sector 31A, Chandigarh-160030BKID0006211160013021

Related Post