Bank of India Two Wheeler Loan – Apply Online BOI Vehicle Loan

Bank of India Two Wheeler Loans:-

Two Wheeler Loan (Bike) and Car Loan now providing  Bank of India, Now Everyone can fulfill their wishes who wants to apply a two wheeler loan, just check eligibility, Interest Rate, Feature and Benefits and apply for your dream bike or car. Nowadays everyone wish to buy at least two wheeler who don’t have much amount to buy a four wheeler. But we know lot’s of people cant purchase two wheeler or four wheeler. If you are also one of them then we have a good news for you.

Apply for Personal Loan

Now you can purchase two wheeler or four wheeler whatever you want. Bank of India (BOI) will help you to purchase a bike or a car. Bank of India will provide you a loan on the basis of your current salary or ITR. You just need to gives the document required by the bank. Below we are providing the required document for salaried or self employed by the Bank.

Document Required for Two wheeler Loan (Salaried people).

  1. Application form with photograph.
  2. ID Proof and age proof.
  3. Address proof.
  4. Bank statement at least 6 month.
  5. Last 3 month salary slip.
  6. Form 16 or ITR.

Note- Bank can ask you for more documents.

Document Required for Two Wheeler Loan (Self-Employed).

  1. Application form with photograph.
  2. ID Proof and age proof.
  3. Address proof.
  4. bank statement at least 6 month.
  5. Last 3 years income tax Returns with computation of income.
  6. Last 3 year CA Certified / Audit Balance Sheet and profit & loss account.

Note – Bank can ask you for more documents.

 

Two Wheeler Loan

 

A gathering of famous businessman people, having basic targets, established Bank of India in 1906. 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.

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 Non-Resident India. if there should arise an occurrence of NRIs the credit is authorized mutually with an occupant Indian (close relative) of the borrower.

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.

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.

 

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