Bank of India Car Loan in Gurugram Eligibility-Wishfin

Bank of India Car Loan in Gurugram

About Bank of India Car Loan Gurugram

Come to Gurugram and you would see MNCs from one square to another, along with beautiful food courts that would satisfy the gourmet in you. How about riding a car on the roads of Gurugram? Sounds interesting, right! However, if you do not have a car, you can get it via Bank of India Car Loan. Founded in 1906, the bank is set on the mission of fulfilling the varied needs of the customers. With attractive interest rates, Bank of India (BOI) can let you ride without digging any hole in your pocket.

Bank of India Car Loan Gurugram 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

  • 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.


A list of documents is needed to avail BOI Car Loan in Gurugram. Keen 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 Gurugram

Bank of India Car Loan Gurugram Branches

You can find a good number of branches of Bank of India in Gurugram. Don’t know the locations of the branches in the city? Take a look at the table below and do the needful. The table also contains key information such as IFSC Code, MICR Code, as well as contact details of the branches.

Branch NameComplete AddressIFSCMICRContact Detail
Old Railway RoadOld Railway Road, Gurugram, Haryana, Pin- 122001BKID00067011100130490124-2320708, 2321922
MGF PlazaMGF Plaza, Gurugram, Dlf Phase Ii, Mehrauli Gurugram Road, Gurugram, 122002, HaryanaBKID0006704110013078
Kasan RoadKasan Road, Near Bus Stand Manesar, Haryana, Pin- 122050
BKID00067051100130790124-2337590, 2337591
IslampurGovt.Girls School, Sohna Road, Village IslampurBKID0006706110013084
Rewari RoadRewari Road, Near Patrol Pump, Pataudi– Gurugram, Pin-122503
Sector 40DSS 84 - 85, Sector 40, Gurugram, Pin- 122003BKID00067161100131070124-2381381
Sohna Road Shop No 14 15 16 JMD Galleria Mall Opp Malibu Town Sector 47 Sohna Road GurugramBKID0006736110013126
Sector 56Sector 56 Branch, SCO 66, Sector 56 Gurugram Haryana- 122011BKID0006737110013134
Sohna Ward No 5 At Po Sohna Baluda Road Distt Gurugram Haryana, Pin-122103BKID0006739110013137
Gurugram Sector 10Gurugram Sector 10 Branch, Sco 99, Huda Market, Sector 10 A, Gurugram, Distt Gurugram, Haryana, Pin-122001BKID0006729110013138
Gurugram Sector 23Gurugram Sector 23 Branch, Sco 17, Huda Market, Sector 23 A, Gurugram, Distt Gurugram, Haryana, Pin-122001BKID0006730110013139
NUHNUH Branch, Ground Floor, Civil Lines, Nuh, Distt Mewat, Haryana, Pin-122107BKID0006747
Old Delhi Gurugram Road837, Khasra No. 52, Main Old Delhi Gurugram Road, Kapashera, New Delhi 110 037BKID0006095110013147

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%