Bank of India Car Loan

About Bank of Baroda

Bank of India was founded by a group of a renowned businessman from Mumbai on September 7, 1906.

It is a state-owned commercial bank with headquarters in Mumbai in India. It is positioned as 4th largest PSU bank after SBI, PNB, and Bank of Baroda.

It has 4322 branches spread all over the country with 54 branches outside India.

About Bank of India Car Loan

Having a vehicle is one of the most wanted luxuries that most people desire. The comfort it provides is what makes many individuals struggle hard to get one.

It would be nice to have adequate money to buy a vehicle that you need and experience its comfort, but we know that not all of us are able to purchase outright.

The solution to this particular concern is a Bank of India Car Loan. This financial product provides monetary support to people and helps them in converting their dream of having a car into reality.

Interest Rates

Category

Maximum Loan Tenure

Interest Rate

New Car Loan

7 years

10.45%

Used Car Loan

3 years

11.55%

 

Also Read about Fee & Charges

Features and Benefits

  1. Affordable
  2. Simple and Hassle free
  3. Easy to pay back
  4. Flexibility of payment
  5. Speedy Approval in 4 hours
  6. Minimum Documentation
  7. Attractive Interest Rates
  8. Check your Credit Score

Features and Benefits of a Bank of India Car Loan from Dialabank.com

  1. We offer a very fast service
  2. The maximum loan amount is up to 90% of the ex-showroom price of the car
  3. LTV (Loan to value) of up to 90% of the ex-showroom price of the car
  4. Repayment period ranges from 1 to 5 years
  5. Loans are approved within 24 hours after the documentation process
  6. Prepayment is allowed after 6 months from the disbursement of the loan

Eligibility

  1. Minimum age: Limit is 21 years and the maximum is 65 years
  2. Employment: For Salaried 1 year in current employment / For Self- Employed at least 2 years in business
  3. Annual Income: For Salaried Rs. 18000 per month/ For Self- Employed Rs. 18000 per month
  4. Telephone: Must at the residence.

Documentation

  1. Identity Proof- Aadhar card, PAN Card, Voters ID card, Driving License
  2. Income Proof- For Salaried Latest salary slip of 6 months/ For Self- Employed Latest 1 year ITR
  3. Address Proof- Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill etc.
  4. Bank Statement: Last 6 months

How to Apply?

Apply online on www.dialabank.com

Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Bank of Baroda Car Loans
  3. Canara Bank Car Loan
  4. IndusInd Bank Car Loan
  5. State Bank of Hyderabad Car Loan
  6. SBI Car Loan
  7. IDBI Car Loan

 

Used Car Loan EMI Calculator

SIP Calculator
EMI Calculator SIP Calculator
 

Call us on 600 11 600 (Single Number across 18 Cities)

Delhi | Mumbai | Kolkata | Bangalore | Hyderabad | Ahmedabad | Chandigarh | Jalandhar | Ludhiana | Chennai | Pune | Jaipur | Lucknow | Baroda | Surat | Indore | Coimbatore | Bhopal

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.