Bank of India Two Wheeler Loans:-
Bank of India now providing Two Wheeler Loan and Car Loan, Now Everyone can fulfill their wishes who wants to buy a car or bike, just check eligibility, Interest Rate, Feature and Benefits and apply for your dream bike or car.
A gathering of famous businessman people, having basic targets, established Bank of India in 1906. Headquartered in Mumbai, Bank of India (BOI) has over a huge number of branches in India, and an advantageous nearness abroad too. Recorded on the Bombay Stock Exchange (BSE), BOI gives a wide cluster of saving money and monetary administrations that spread crosswise over Retail Banking, Commercial Banking, Private Banking and Asset Management. In the retail managing an account division, the bank offers bike credits, among an assortment of different items.
Apply Online Two Wheeler Loan from Bank of India (BOI)
Most suburbanites in India don’t submit to activity rules, neither do they have extravagance of driving on impeccable streets. Given this circumstance, the smartest alternative is to utilize a bike for your day by day drive. The reality of the matter is that adolescents nowadays are enthusiastic about biking as an enterprise; whatever the reason might be, with BOI two wheeler loans budgetary help to go beyond and understand your fantasy of owning a bike. The bank gives bike credits at moderate loan fees, and with a scope of lucrative components and advantages.
Feature and Benefits Bank of India Vehicle Loan:–
The customer can use the bank of India Vehicle loan facility to buy a two wheeler or a car.
A salaried, professional or self-employed individual can get benefits of this vehicle loan and Non-resident Indians (with an advance to be granted jointly to resident Indians who ought to be a close relative) can also get benefits of this vehicle Loan.
The customer has to repayment within 5 years for a new vehicle, if availed by an individual.
For a second-hand vehicle, repayment period will be maximum 3 years.
Bike Loan Eligibility Bank of India:-
The Applicant should be a salaried individual, Professional, Self-employed individual, or NonResident India. If there should arise an occurrence of NRIs the credit is authorized mutually with an occupant Indian (close relative) of the borrower.
Candidates can’t be more than 65 years old at the season of benefiting the Loan. Organizations, Partnership Firms, Proprietary concern and different sorts of corporate substances are likewise qualified to benefit BOI Star Vehicle Loan Scheme.
Two Wheeler Vehicle Loan Interest Rate Bank of India:-
The lending rate for two wheeler loans is base Rate + 4% This is 13.95% per annum at monthly rests.
Frequently Asked Questions (FAQs)
What is the handling charge for profiting bike credit from BOI?
For new and second-hand vehicles, it is 1% of the credit sum. Least of Rs.500 and greatest of Rs.10,000. The charges are twofold for Partnership firms/Corporate’s.
Are the credit preparing charges a one-time speculation?
Yes, the credit preparing charges are a one-time cost charged by the bank.
What kind of client is not qualified for BOI Star Vehicle Loan Scheme?
Hindu Undivided Families are not qualified to profit BOI Star Vehicle Loan Scheme.
Under what conditions can an NRI profit BOI Star Vehicle Loan Scheme?
If there should arise an occurrence of NRIs the credit is given mutually with an inhabitant Indians, who should be a nearby relative of the NRI borrower.
Could BOI Star Vehicle Loan Scheme be profited just for bikes?
No, you can apply for BOI Star Vehicle Loan to purchase another or second-hand auto, too.