Bank Of India Car Loan
Features: The bank offers auto loans under the scheme Star Autofin to the maximum limit of Rs. 25 lakh for salaried employees, professionals, self employed and individuals with high net worth. Loans are available for purchase of new or second hand two or four wheelers. In case of loans granted to NRIs, guarantee of a resident Indian is required.
Processing Fees: Upto 25,000/-, Rs.1000/- Above Rs.25,000/- upto Rs.25 lacs - 1.10% of loan amount – Min. Rs.1500/- Max. Rs.5000/-
Prepayment Charges: Nil
Down-payment: 15%
Max Tenure: 4
| Plan | Interest Rate Min | Interest Rate Max | EMI | Processing Fee |
|---|
Bank of India - New - Floating
11.5
11.5
2609
Upto 25,000/-, Rs.1000/- Above Rs.25,000/- upto Rs.25 lacs - 1.10% of loan amount – Min. Rs.1500/- Max. Rs.5000/-
| Bank of India - New - Floating | 11.5 | 11.5 | 2609 | Upto 25,000/-, Rs.1000/- Above Rs.25,000/- upto Rs.25 lacs - 1.10% of loan amount – Min. Rs.1500/- Max. Rs.5000/- |