COMPARE : CAR LOANS
Bank of India Car Loan
Introduction
Bank of India offers a vehicle loan scheme as Star Vehicle loan. The loan amount been sanctioned under the scheme depends upon the cost of vehicle and the income of borrower. Bank offers an attractive rate of interest and has also set easy repayment plan.
Highlights
  New Car Used Car
Loan Type Term Loan Demand Loan
Ex-Showroom/On Road On Road On Road
Loan Amount Maximum loan limit:
For Indian make vehicles - Rs.25 lacs
For imported vehicles - Rs.75 lacs.
24 times of gross monthly emoluments in case of salaried employees/pension/ or two times of gross average annual income as per last 3 yeas I.T. Returns

For Indian make vehicles - Rs.25 lacs
For imported vehicles - Rs.75 lacs.
Tenure Min. - 12 months.
Max. - 84 months.
Min. - 12 months.
Max. - 36 months.
Interest Rate 10.65 % 11.45 %
Time to Process Loan 7 days 7 days
Preferred Manufacturers Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota
 Fees & charges
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