Bank of India Car Loan in Jammu

About Bank of India Car Loan Jammu

Is your dream car still elusive? Not finding the right lender and the right deal to bring home the car? You need to get in touch with Bank of India (BOI), a leading public sector bank that meets offers an attractive car loan for you to grab. You won’t find the loan a burden as the interest rates offered here are affordable and could easily fit into your pocket. The bank’s car loan service is also available in Jammu, located in the state of Jammu & Kashmir.

Bank of India Car Loan Jammu 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 Jammu. 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 Jammu

Bank of India Car Loan Jammu Branches

There are a decent number of branches in Jammu which you can visit for a car loan. These branches are up and ready to let you handle the steering with a suitable car loan. 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
Maulana Azad RoadMaulana Azad Road, Shrinagar, Jammu & Kashmir-190001BKID0007900190013002
JammuJammu, Vir Marg, Residency Road, Jammu, Jammu & Kashmir-180001BKID00079011800130020191-2573025, 533138
UdhampurPost Box-5, 23/11, Mukherjee Bazar, Court Road-149001BKID0007903182013001
DalgateDalgate, Khaibar Chowk, Opp. Khaibar Hospital, Srinagar Jammu & Kashmir-190001BKID0007904190013003
SatwariSatwari, 19, Satwari, Jammu, Jammu, Jammu & Kashmir-180003BKID00079061800130030191-2450918, 2454206
GangyalP.C.D.A Complex, Jammu Cantt. BKID0007911180013004
Jammu Mid CorporateSewa Complex Opp Fire Station, National Highway Gangyal, Jammu-180010BKID00079121800130050191-2480363
VijaypurMain Bazar , Near Mini Bus Stand, V& Po Vijaypur, Distt. Samba, Jammu & Kashmir-184120BKID0006358
KatraBhawanis Paradise Hotel, Jammu Road, Katra, Jammu & Kashmir-182301 BKID0007913
KathuaKathua Branch Neeraj Mall, Shahidi Chowk, Ward No 5, District Kathua, Jammu & Kashmir- 184101BKID0007914

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