Bank of India Car Loan in Indore
Last Updated : Sept. 5, 2017, 12:31 p.m.
About Bank of India Car Loan Indore
How do you feel when a beautiful car crosses you by? Won’t you get tempted to buy it? I am sure, you would be. When you put your hand into the wallet and find you do not have the penny required to bring home a car, there is a sense of disappointment. But not anymore as Bank of India (BOI) is all set to let you experience the madness of driving via a car loan, which in many ways can be called attractive. Can’t believe it? But it indeed is true to everyone across India including you people in Indore. Let’s find out more below.
Bank of India Car Loan Indore 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
Get ready with a list of documents needed to avail BOI Car Loan in Indore. Keen to know which are the documents you would need to submit? Here is the list 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
For more information, visit Car Loan Indore
Bank of India Car Loan Indore Branches
You can find a good number of branches of Bank of India in Indore. Don’t know the locations of the branches in the city? Take a glance at the table below and find the nearest branch. The table also contains key information such as IFSC Code, MICR Code, as well as contact details of the branches.
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Indore Main | Indore Main, Pungalia Bhawan, Santa Bazar, Indore- 452002, Madhya Pradesh | BKID0008800 | 452013006 | 0731-2542381, 2542382 |
| Palasia | Palasia, 575/1, Mahatma Gandhi, Road, Indore, 452001, Madhya Pradesh | BKID0008801 | 452013013 | 0731-2434055, 2530022 |
| Khajarana | Khajarana, 202, Saket, Indore- 452001, Madhya Pradesh | BKID0008802 | 452013009 | 0731-2563554, 2563555 |
| Siyaganj | Siyaganj, 34 Siyaganj, Main Road, Indore- 452001, Madhya Pradesh | BKID0008803 | 452013018 | 0731-2542968, 572219 |
| Rambaug | Rambaug, 142 Tilak Path, Rambaug, Indore-452001, Madhya Pradesh | BKID0008804 | 452013015 | 0731-2540582, 2541545 |
| Devi Ahalya Marg | Devi Ahalya Marg, 901, M. G. Road, , Khatipura, Indore-452001, Madhya Pradesh | BKID0008805 | 452013004 | |
| Malharganj | Malharganj, 27, Kailash Marg, Indore, Indore- 452001, Madhya Pradesh | BKID0008806 | 452013011 | 0731-2419156, 2419154 |
| Sanyogitaganj | Sanyogitaganj, 148/1, Ravindranath Ta, Marg, Indore- 452001, Madhya Pradesh | BKID0008807 | 452013017 | 0731-2526726, 5041261 |
| Transport Nagar | Transport Nagar, 36, Narmada Chambers, Snehnagar Main Road, Indore- 452001, Madhya Pradesh | BKID0008808 | 452013019 | 0731-2449173, 2449901 |
| Palasia Housing And Finance | Palasia Housing & Pers. Finance, Mourya Centre, 16 Dr Rs Bhandari Marg, Indore-452001, Madhya Pradesh | BKID0008809 | 452013024 | |
| Vijay Nagar | Vijay Nagar (Indore), Gf - A, Scheme No. 54, Near Sica School, Main, Indore-452002, Madhya Pradesh | BKID0008810 | 452013020 | 0731-2558159 |
| Shramik Colony | Rao(M.P.), 37, Shramik Colony, Bombay-Agra Road, Rao, 453331, Madhya Pradesh | BKID0008811 | 452013016 | |
| Rajendra Nagar | 2-C, Alankar, Rajendranagar, , Indore, 452012, Madhya Pradesh | BKID0008814 | 452013014 | 0731-2321143, 2321486 |
| Mhow | 334A, Simrole Road, Mhow, 453441, Madhya Pradesh | BKID0008816 | 452013021 | 07324-272634, 273339 |