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Bank of India Car Loan in New Delhi

Bank of India Car Loan in New Delhi

Last Updated : April 8, 2017, 2:45 p.m.

About Bank of India Car Loan New Delhi

Enjoying your run in New Delhi but want to run your own car in the city? Searching out the car loan offers of the lenders? But could not get the right one? Why not glance at Bank of India (BOI) for the fulfillment of your car dream? The bank emerges out as one the most preferred lenders in India owing to its affordable interest rates, simple documentation, and easy processing, etc. New Delhi occupies a significant share of the bank’s overall branch presence which counts to more than 5,000 across the country. So, let’s explore Bank of India Car Loan.

Bank of India Car Loan New Delhi 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.


Don’t know the documents you need to apply for a car loan at BOI in New Delhi? 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 New Delhi

Bank of India Car Loan New Delhi Branches

Want to visit the nearest BOI Branch in New Delhi? Find that out from the list below. The list also contains information pertaining to the branch address, IFSC Code, and MICR Code, etc.

Branch NameComplete AddressIFSCMICRContact Detail
JanpathJanpath, 54 Janpath, PB No 357, New Delhi- 110001, DelhiBKID0006000110013012011-23353251, 28844060
Asaf Ali RoadAsaf Ali Road, 4/8 Asaf Ali Road, Post Box 7044, New Delhi-110002, DelhiBKID0006001110013002011-23271714, 28833125
Bank StreetBank Street, Karol Bagh, New Delhi, 110005, DelhiBKID0006002110013004011-28855565, 28855566
Connaught CircusConnaught Circus, Central Ring, Connaught Circus, New Delhi-110001, DelhiBKID0006003110013006011-23322129, 28844062
Hauz KhasHauz Khas, G- 1, Hauz Khas Enclave, Mehrauli Road, New Delhi-110016, DelhiBKID0006005110013010011-28866059, 28866060
Karol BaghKarol Bagh, 13/38, Arya Samaj Road, Post Box No.2571, New Delhi-110005, DelhiBKID0006006110013015011-28855567, 25722640
Khan MarketKhan Market, 32/33 Raja Gyan Nath B, Corn Wallis Road, New Delhi- 110003, DelhiBKID000600711001301428844066, 24621849
Kirti NagarKirti Nagar, B/3, Tagore Market, Kirti Ngr Najafgarh Road, New Delhi, 110015, DelhiBKID0006008110013016011-25458465, 25468326
PaharganjPaharganj, 4/6 D Deshbandu Gupta, Road, Paharganj, New Delhi-110001, DelhiBKID0006009110013022
Rajendra PlaceRajendra Place, 16, Vikram Towers, , 1St Floor, New Delhi-110005, DelhiBKID0006010110013025011-28855569, 25730640
Hamdard DawakhanaHamdard Dawakhana, 1545 Gali Quesimjar, Bazar Lak Khan, New Delhi-110006, DelhiBKID0006012110013034011-28833131, 28833132
Kamla NagarKamla Nagar, 29 A, Kamla Nehru Road, Subjimandi, New Delhi, 110007, DelhiBKID0006013110013035011-23841477, 23843162
NarelaNarela, 2111 Kripa Niwas, Bawana Road, New Delhi- 110040, DelhiBKID0006014110013039011-27282248, 27282313
Parliament StreetParliament Street, Pti Building, 4 Parliament Street, New Delhi-110001, DelhiBKID0006016110013024011-28844067, 28844068
BhaktawarpurBhaktawarpur, Kasturba Road, Bhaktawarpur, New Delhi- 110036, DelhiBKID0006017110013038011-27721644, 27722256
Nehru PlaceNehru Place, Paras Cinema Building, Nehru Place, New Delhi-110024, DelhiBKID0006018110013020011-26417917, 26418812
Lajpat NagarLajpat Nagar, Feroz Gandhi Road, Lajpat Nagar Iii, New Delhi-110024, DelhiBKID0006019110013017011-29831670, 28898165
AzadpurAzadpur, Plot No 12, New Sabzi Mandi, New Delhi, 110033, DelhiBKID0006020110013032011-28877070, 28877071
East Of KailashEast Of Kailash, D-142, East Of Kailash, New Delhi–110065, New Delhi, 110065, DelhiBKID0006021110013008011-28898167, 28898168
Panchsheel7, Panchsheel Shopping, Centre, New Delhi, 110016, DelhiBKID0006022110013023011-26494311, 26498543

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