Bank of India Car Loan in Kochi

About Bank of India Car Loan Kochi

Is a car still in your dream and not the reality? Couldn’t find any lender which can offer you a car loan at attractive interest rates? You can approach Bank of India (BOI), a veteran in the banking space with more than 100 years of expertise in giving strings to the dreams of people across the country. In its robust line of products, a car loan is also there to let the individuals enjoy their ride on the road. And the offer is available for each one of you in Kochi, the major port city located on the southwest coast of India.

Bank of India Car Loan Kochi at a Glance

ParticularsDetails
Interest Rate9.25%
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.

Documentation

Get ready with a list of documents needed to avail BOI Car Loan in Kochi. 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 Kochi

Bank of India Car Loan Kochi Branches

There are a decent number of branches in Kochi where 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
KochiC C Vi/96 (A) Bazar Ro, Mattancherry, Kochi- 682002, Kerala 682002, KERALABKID00085106820130050484-2224575, 2225339
Ernakulam Service Branch M.G. Road, Kochi-682016, KeralaBKID00085856820130010484-2372225, 2370352
Ernakulam Mid Corporate BranchErnakulam Mid Corporate Branch, Manavalan Building, Jawahar Nagar East, Vyttila, Kochi-682019BKID0008518682013023
ErnakulamErnakulam, At Kannankeri Estate, Shanmugham Road , Ernakulam- 682031, KeralaBKID00085006820130020484-2354508, 2372225
M G Road (Ernakulam)M G Road(Ernakulam), Xxxv/1301 - 2, Collis Es, M. G. Road, Kochi-682016, KeralaBKID00085016820130090484-2353683, 2353857
College GroundCollege Ground, P.B.No.1088, M. G. Road, Ernakulam, Kochi-682011, KeralaBKID00085026820130040484-2360696
Ernakulam NRIErnakulam NRI, Collis Estate, Ravipur, M.G.Road, Ernakulam, K, Ernakulam, 682016, KeralaBKID00085036820130030484-2365158, 2370352
Ernakulam Housing Finance & Personal BankingErnakulam Housing Finance, Kaloor Tower, Kaloor, Kadavanthara Road, Kochi, 682017, KeralaBKID00085046820130100484-2536036
Willingdon IslandWillingdon Island, Post Box No. 540, Willingdon Island, Kochi, 682003, KeralaBKID00085116820130060484-2666265, 2668471
KakkanadKakkanad, 10/164C, Thadathil Bld, Airport Rd, Kochi- 682030, KeralaBKID0008512682013021
Kalamassery SouthKalamassery South, University P.O., Kalamassery South, Kochi- 682022, KeralaBKID00085696820130070484-2555890, 2555540
K P Vallon RoadK P Vallon Road Kadavanthara Junction Kochi-682020, KeralaBKID0008587

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