Bank of India Car Loan in Chennai
Last Updated : Sept. 5, 2017, 12:26 p.m.
About Bank of India Car Loan Chennai
Chennai is one of the picturesque cities of India with a spectacular scenery of artifacts and seawater that have a refreshing feel every time you come down here. But the residents of Chennai also like to drive a car on the city roads and look for a lender that can provide a custom loan featuring attractive interest rates. There is one bank that can do the same, and the name is Bank of India, a leading public sector bank involved in converting the car dream into reality with a car loan.
Bank of India Car Loan Chennai 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
- 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 Chennai. 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 Chennai
Bank of India Car Loan Chennai Branches
You can find a decent number of branches of Bank of India in Chennai. 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 Name | Complete Address | IFSC | MICR | Contact Detail | |
|---|---|---|---|---|---|
| Chennai Main | Chennai Main, 17 Errabalu Chetty Str, Chennai, Chennai, Tamil Nadu, Pin- 600001 | BKID0008000 | 600013009 | ||
| Mount Road | Mount Road, 175/1 Anna Salai, Pb 2703 Chennai, Chennai, Tamil Nadu, Pin- 600002 | BKID0008001 | 600013010 | 044-28520248, 28520565 | |
| Mylapore | Mylapore, 174, Luz Church Road, Mylapore, Chennai, Tamil Nadu, Pin- 600004 | BKID0008002 | 600013011 | 044-24991369, 24992622 | |
| Sowcarpet | Sowcarpet, 59 Devaraja Mudaliar R, Sowcarpet, Chennai, Tamil Nadu, Pin- 600003 | BKID0008003 | 600013018 | 044-25352381, 25354008 | |
| Theagaroyanagar | T Nagar, 104 Sir Theagaroya Road, T.Nagar, Chennai, Tamil Nadu, Pin- 60017 | BKID0008004 | 600013014 | 044-28150249, 28150774 | |
| Royapettah | Royapettah, 183, Royapettah High R, Royapettah, , Chennai, Tamil Nadu, Pin- 600014 | BKID0008005 | 600013013 | 044-28132952, 24816339 | |
| Thousandlight | Thousandlight, 406 Llyods Road, Gopalapuram Post, Chennai, Tamil Nadu, Pin- 600086 | BKID0008006 | 600013015 | 044-28350066, 28350076 | |
| Purasawalkam | Purasawalkam, Palace Regency Ist Fl, 80 - 93 Puraswalkam Road, Chennai, Tamil Nadu, Pin- 600010 | BKID0008007 | 600013012 | 044-26404545, 26421219 | |
| Egmore | Egmore, 15/16 Casa Major Road, Egmore, Chennai, Tamil Nadu, Pin- 600008 | BKID0008009 | 600013004 | ||
| Adayar | Adayar, 33/3 1St Main Road, Gandhi Nagar, Chennai, Tamil Nadu, Pin- 600020 | BKID0008010 | 600013002 | 044-24412719, 24425884 | |
| Guindy | Guindy, Spic Centre, 44 - A Mount Road Guindy, Chennai, Tamil Nadu, Pin- 600032 | BKID0008011 | 600013005 | 044-22350638, 22352453 | |
| Cathedral Road | Cathedral Road, Garuda Building, 46, Cathedral Road, Chennai, Tamil Nadu, Pin- 600086 | BKID0008012 | 600013003 | 044-28112369, 28112567 | |
| K.K.Nagar | K.K.Nagar, 455, Rk Shanmugam Road, K.K.Nagar, Chennai, Tamil Nadu, Pin- 600078 | BKID0008013 | 600013006 | 044-24713529, 28470847 | |
| Kodambakkam | Kodambakkam, 12 Puliyur Ii Main Roa, Major Trust Puram, Chennai, Tamil Nadu, Pin- 600024 | BKID0008014 | 600013007 | 044-24727657, 24831371 |