Under BOI Star Vehicle loan scheme you can get a loan for 2 Wheelers. Get instant quotes on Interest Rates, Documents, Eligibility, EMI & Repayment options through Deal4loans.
Bank of India 2 Wheeler Loan Details
|Interest Rates||7.35 – 7.95%|
|Loan Amount||1 Lakh|
|Repayment Period||Upto 5 Years|
|Minimum Income||8000 Per Month|
Who can get loan at Bank of India:
Salaried employees, Professionals, Self-employed Non-Resident Indians- advance to be granted jointly with Resident Indians (close relative) (Age of the individual borrower not to exceed 65 years at the time of availing the advance) Companies, Partnership Firms, Proprietary concern and other types of Corporate entities.
Purpose of Loan:
Purchase of two wheeler vehicles . For purchase of used/second hand 2 wheeler. (age of the vehicle not to exceed 3 years)
Repayment (New Vehicles): 2 wheelers – Max. 5 years.
- Hypothecation of vehicle to be purchased out of Bank finance.
- Charge to be registered with RTO.
- Third party guarantee required in the following cases
- Loans to NRIs – Guarantee of Resident Indian is required.
Available Products of Bank of India: