Bank of India Car Loan in Indore-Interest Rate-Wishfin

Bank of India Car Loan in Indore

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

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.


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 NameComplete AddressIFSCMICRContact Detail
Indore MainIndore Main, Pungalia Bhawan, Santa Bazar, Indore- 452002, Madhya PradeshBKID00088004520130060731-2542381, 2542382
PalasiaPalasia, 575/1, Mahatma Gandhi, Road, Indore, 452001, Madhya PradeshBKID00088014520130130731-2434055, 2530022
KhajaranaKhajarana, 202, Saket, Indore- 452001, Madhya PradeshBKID00088024520130090731-2563554, 2563555
SiyaganjSiyaganj, 34 Siyaganj, Main Road, Indore- 452001, Madhya PradeshBKID00088034520130180731-2542968, 572219
RambaugRambaug, 142 Tilak Path, Rambaug, Indore-452001, Madhya PradeshBKID00088044520130150731-2540582, 2541545
Devi Ahalya MargDevi Ahalya Marg, 901, M. G. Road, , Khatipura, Indore-452001, Madhya Pradesh
MalharganjMalharganj, 27, Kailash Marg, Indore, Indore- 452001, Madhya PradeshBKID00088064520130110731-2419156, 2419154
SanyogitaganjSanyogitaganj, 148/1, Ravindranath Ta, Marg, Indore- 452001, Madhya PradeshBKID00088074520130170731-2526726, 5041261
Transport NagarTransport Nagar, 36, Narmada Chambers, Snehnagar Main Road, Indore- 452001, Madhya PradeshBKID00088084520130190731-2449173, 2449901
Palasia Housing And FinancePalasia Housing & Pers. Finance, Mourya Centre, 16 Dr Rs Bhandari Marg, Indore-452001, Madhya PradeshBKID0008809452013024
Vijay NagarVijay Nagar (Indore), Gf - A, Scheme No. 54, Near Sica School, Main, Indore-452002, Madhya PradeshBKID00088104520130200731-2558159
Shramik ColonyRao(M.P.), 37, Shramik Colony, Bombay-Agra Road, Rao, 453331, Madhya PradeshBKID0008811452013016
Rajendra Nagar2-C, Alankar, Rajendranagar, , Indore, 452012, Madhya PradeshBKID00088144520130140731-2321143, 2321486
Mhow334A, Simrole Road, Mhow, 453441, Madhya PradeshBKID000881645201302107324-272634, 273339

People Also Look For

Personal Loan Interest Rates December 2023
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 December 2023
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%