Bank of India Car Loan

Bank of India was founded by a group of 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.

New Car Loan Interest Rate
Repayment period up to 7 years Presently 10.45 %

Used Car Loan Interest Rate
Maximum Repayment period 3 years Presently 11.25 %


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

Things you need to know

  1. Documents
  2. Eligibility
  3. Features
  4. Charges
  5. Interest Rate


Features and Benefits of a Bank of India Car Loan from

  1. We offer a very fast service
  2. 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 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


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. ICICI Bank Car Loan
  8. AXIS bank Car Loan
  9. IDBI Car Loan


Car Loan

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

+91-98789-81166 (Other Cities)

Car Loan EMI Calculator SIP Calculator
EMI Calculator SIP Calculator