I recently opened an account in the Bank of India and want to take the car loan from this bank searching for details. Will you provide me Bank of India Car Loan Scheme details along with Interest Rate and processing fee also provide Documentation needed to apply for Car Loan?

Bank of India is commercial bank with headquarters in Mumbai, Maharashtra, India and it was founded in 1906.

Bank of India Car Loan Scheme details:

Interest Rate 9.35%
Processing Fees Nil
Loan Tenure 1 year to 7 years

Documentation needed to apply for an Bank of India Car Loan

1. Signed application form with photograph
2. Photo ID and age proof
3. Residence proof
4. Last 6 months bank statement
5. Documentation for salaried applicants:
Last 3 months salary – slips
Form 16 or Income Tax Returns
6. Documentation for self-employed applicants:

Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Features of Bank of India Car Loan

Minimal Documentation: All you will need are documents to meet the KYC guidelines and paperwork related to the car you want. The designated representatives will hand-hold you through the entire process.

Transparency: Bank of India believes in transparency. All rates, charges and fees are known upfront. You can be sure that you will not be surprised with any hidden charges.

Quantum of Loan

Contact:

Contact:
BANK OF INDIA
STAR HOUSE
C - 5, "G" Block,
Bandra Kurla Complex,
Bandra (East),
Mumbai 400 051.
Ph: 022-66684444