BOI CAR Finance

Hey , please give here detailed information about the Bank of India (BOI) Car loan (Finance) ?

[Shaleen]

Bank of India is an Indian state-owned commercial bank . It offers cost-effective financial processing and communication services.

Bank of India Car Loan
Bank of India (BOI) offers one of the best car loans in the market.

Features of Bank of India Car Loan

Minimal Documentation.

Transparency.

Competitive Interest Rates


Quantum of Loan :
Maximum limits for finance :

Individuals (Resident in India) :
For Indian make vehicles - Rs.25 lacs
For imported vehicles - Rs.75 lacs.

For Companies and corporate entities –
Rs.100 lacs (Can be a fleet of vehicles)

Non-resident Indians –
Rs.25 lacs.

Rate of Interest (on daily reducing balance)

New Vehicles - Repayment upto 3 years
@1.75% over Base Rate

New Vehicles - Repayment over 3 years
@2.25% over Base Rate

Second Hand Vehicles
@2.25% over Base Rate


Loan Tenure :
1 year to 7 years