What is the interest rate of Bank of india car loan? I want know it because I want to purchase a car and this time I have no enough money for it, so I want to apply for take car loan in Bank of India. So please tell me from where can I get information about car loan interest rate of bank of India?

Set up in 1906 when most banks inside India were not possessed by Indians, Bank of India is headquartered in Mumbai, Maharashtra and was at first went for serving individuals from fluctuated foundations and groups inside the nation.

BOI Star Vehicle Loan Scheme

Qualified Customers

Salaried representatives, Professionals, Self-utilized

Salaried representatives, Professionals, Self-utilized Non-Resident Indians-progress to be allowed mutually with Resident Indians (close relative)

(Age of the individual borrower not to surpass 65 years at the season of profiting the progress)

Organizations, Partnership Firms, Proprietary concern and different sorts of Corporate substances.

HUFs not Eligible

Reason

1.Purchase of two/four wheeler vehicles (not requiring substantial obligation permit). For buy of utilized/second hand 2 and 4 wheeler. (age of the vehicle not to surpass 3 years)

2.Reimbursement of cost of four wheeler obtained from possess sources

Sort of Advance

Request Loan/Term Loan (for second hand vehicles just Demand Loan)

Quantum of Loan

Most extreme points of confinement for fund :

People (Resident in India)

For Indian make vehicles - Rs.50 lacs

For Companies and corporate elements - Rs.100 lacs.

For Companies and corporate elements - Rs.200 lacs (Can be an armada of vehicles)

Non-inhabitant Indians - Rs.50 lacs.

Bank of India Car Loan Interest Rates 2017

Scheme
Interest Rates

For New Car
9.35%

Second Hand Vehicles
9.35%

2 Wheeler Loans
9.35%

Reconsidered rates are appropriate regardless of the quantum of advance inside the plan roof of Rs.200 lac and with no point of confinement savvy isolate cans.

Preparing Charges (One Time) – Zero powerful till 31.03.2017.