Bank of India Car Loan in Mumbai
Last Updated : Sept. 5, 2017, 12:37 p.m.
About Bank of India Car Loan Mumbai
A major public sector bank with a total branch count of over 5,000 is just the friend you need for realizing a car dream. And who is that friend? Any guesses? It’s Bank of India (BOI), which offers an attractive car loan to let you ride by taking a care of your wallet. It becomes easy to apply for Bank of India Car Loan if you live in Mumbai, the city that runs 24×7. The reason being a huge branch count in the city. Let’s find more about BOI Car Loan here.
Bank of India Car Loan Mumbai 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
Don’t know the documents you need to apply for a car loan at BOI in Mumbai? The documents include proofs for identity, income, residence, among others. Know all the documents in the points 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 Mumbai
Bank of India Car Loan Mumbai Branches
Want to visit the nearest BOI Branch in Mumbai? Find that out from the list below. The list also contains information pertaining to the branch address, IFSC Code, and MICR Code, etc.
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Mumbai Main | Mumbai Main, 70/80, M.G. Road, P.B. No. 238, Mumbai, Mumbai-400023, Maharashtra | BKID0000001 | 400013087 | 022-22624925, 22624926 |
| Andheri West | Andheri West, 28 S.V Raod, Pb 7358 Andheri West, Mumbai- 400058, Maharashtra | BKID0000002 | 400013003 | 022-26280209, 26280219 |
| Ballard Estate | Ballard Estate, Darabshaw House, Narottam Morarji Marg, Mumbai- 400021, Maharashtra | BKID0000003 | 400013008 | 022-22612400, 22691218 |
| Ramdas Nayak Marg | Ramdas Nayak Marg (Hill Road), 56 Hill Road, Bandra, Mumbai- 400050, Maharashtra | BKID0000004 | 400013026 | |
| Mumbai Central | Mumbai Central, Sahkti Sadan C Blk, Dr Dada Saheb Bhadaka, Mumbai- 400007, Maharashtra | BKID0000005 | 400013005 | 022-23074474, 23097442 |
| Borivali West | Borivali West, Mangal Kunj, S.V.Road, Mumbai- 400092, Maharashtra | BKID0000006 | 400013007 | |
| Breach Candy | Breach Candy, Sky Scraper A, 4/697, Bhulabhai Desai, Mumbai- 400026, Maharashtra | BKID0000007 | 400013009 | 022-23678907, 23688526 |
| Bullion Exchange | Bullion Exchange, 185, Sheikh Memon Street, Post Box No. 2313, , Mumbai-400002, Maharashtra | BULLION EXCHANGE | 400013011 | 022-23429825, 23428841 |
| Chembur | Chembur, Near Chembur Naka, Post Bag - 7207, Mumbai-400071, Maharashtra | BKID0000009 | 022-25221865, 25225302 | 022-25221865, 25225302 |
| Churchgate | Churchgate, Eros Theatre Building, Jamshedji Tata Road, Mumbai-400020, Maharashtra | BKID0000010 | 400013014 | 022-22838136, 22884868 |
| C P Tank | C P Tank, Chandaramji Girls High, School Bldg C P Tank, Mumbai-400004, Maharashtra | BKID0000012 | 400013013 | 022-23812317, 23885257 |
| Cumbala Hill | Cumbala Hill, Dell Star Ns Patkar Ma, Hughes Road, Mumbai-400026, Maharashtra | BKID0000013 | 400013015 | 022-23803628, 23803972 |
| Dadar (West) | Dadar (West), 61 Gokhale Rd North, Nr. Portugues. Church, Mumbai- 400028, Maharashtra | BKID0000015 | 400013019 | 022-24221895, 24221267 |
| Ghatkopar East | Ghatkopar East, Kiran Niketan, Tilak Road, Ghatkopar, Mumbai-400077, Maharashtra | BKID0000019 | 400013067 | 022-25021428, 25021462 |
| Goregaon West | Goregaon West, Patkar College Bldgs, S.V.Road, Goregaon., Mumbai-400062, Maharashtra | BKID0000022 | 400013022 | |
| Gandhi Market | Gandhi Market, 96 Sion Matunga Estat, Matunga, Mumbai-400022, Maharashtra | BKID0000018 | 400013066 | 022-24094734, 24095435 |
| Grant Road | Grant Road, Alankar Build, Balaram Road, Mumbai-400007, Maharashtra | BKID0000023 | 400013023 | |
| Kalbadevi | Kalbadevi, Round Building, Shamaldas Gandhi Marg, Mumbai-400002, Maharashtra | BKID0000024 | 400013030 | |
| Khar | Khar, 531, Linking Road Near, National College, Khar, Mumbai(Bombay), India, 400052, Maharashtra | BKID0000026 | 400013031 |
