Bank of India Car Loan – Interest Rates, Documents, Eligibility of BOI Car Loans. Details on Processing Fees & Charges of Bank if India for New & Used Cars.
Bank of India Currently offers much more liberties to customers for choose upto flexible repayment period, lowest interest rates, Special schemes come at festival seasons, new year time etc.
✓ Salaried employees, Professionals, Self-employed, individuals with high networth, People engaged in trade/commerce/ business, Directors of Companies, Senior Citizens, Pensioners, Farmers, Staff Members, Retired employees (other than dismissed/compulsorily retired) of our Bank.
✓ Companies, Partnership Firms, Proprietary concern and other types of Corporate entities.
Bank of India car loan emi calculator helps you to know how much emi per month you have to pay against the loan taken for purchasing the new car. you can select or choose the right loan amount as per your financial condition and it helps you in selecting the car variant as per your paying capacity of EMI. For calculation you have to just select the right loan amount, Interest Rate and Repayment period.
Loan to Individuals: (for New four Wheeler Loan: Rs.500/- per application, irrespective of limit.
For New Two Wheeler Loan/2nd hand vehicle(both 2/4 wheelers) : 1% of the loan amount, Minimum Rs.500/- and Maximum Rs.10,000/- For Partnership firms/Corporates – Processing charges will be double that of individuals.
For Rural Branches – Processing charges will be 75% that of applicable to individuals, subject to minimum of Rs.500/- in respect of loans availed by borrowers of rural from the Rural Branch.
Processing charges waived for senior citizens, staff members and retired employees of the Bank and pensioners drawing pension from the Bank.