Bank of India Bike Loan – Two Wheeler Loan 2024 Interest Rate, Eligibility

Bank of India Bike Loan – Two Wheeler Loan 2024 Interest Rate, Eligibility: Hi friends, If your dream is to buy a bike and you are short of money then you can join Bank of India bike loan.

Like many banks and financial institutions, Bank of India is also providing bike loans to the customers at attractive interest rates. In this article, we will know in detail what is Bank of India Two Wheeler Loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this loan etc., so you can complete this article at the end. Read till

Bank of India Two Wheeler Loan Details

bike loan Secured & Unsecured loan It is of both types. If you are taking an unsecured bike loan, then you do not have to give any collateral or security but you have to give security under the secured loan. To take your Two Wheeler Loan CIBIL Score It should be very good because the bank checks the credit score, credit history of the customer before giving this loan.

If your CIBIL score is good then you can get attractive bank Bike loan interest rate With this you can take advantage of the loan. You can take a loan from Bank of India to buy new bikes, old bikes or super bikes. The loan amount varies from person to person or institution. You can take a maximum loan of up to Rs 50 lakh for Indian make vehicles. The maximum loan amount is Rs 200 lakh.

Bank of India Two Wheeler Loan interest rate starts from 7.25% p.a. which may vary depending on your CIBIL score. The processing fee for this loan is 1% of the loan amount subject to a minimum of Rs.500 and a maximum of Rs.10,000. You can apply for Bank of India bike loan both online and offline.

Benefits and Features of Bank of India Bike Loan

• Any person can take this loan to fulfill his bike dream.
• giving a missed call to the bank’s helpline number 8010968305 or by SMS to 7669300024.
• You do not need a heavy duty license for this loan.
• Under the BOI Star Vehicle Loan Scheme, you can take a loan to buy an old, new bike or buy a super bike.
• Demand loan for second hand vehicles only.
• You can take a loan up to a maximum of Rs 200 lakh.
• The interest rate of BOI Two Wheeler Loan starts from 7.25% p.a. which may vary depending on your credit score.
• The processing fee for Bank of India Two Wheeler Loan is 1% of the loan amount subject to a minimum of Rs.500 and a maximum of Rs.10,000.
• The loan tenure of this loan is up to a maximum of 5 years.
• It will be mandatory for you to give some guarantee to take the loan.

Loan Amount

The loan amount to be taken under this loan is as follows:

• person (resident of India)
• For Indian make vehicles – Rs 50 lakhs.
• For companies and corporate entities – Rs.100 lakh.
• For companies and corporate entities – Rs 200 lakh.
• Non Resident Indian For – Rs.50 lakh.

Bank of India Bike Loan Eligibility

Following are the eligibility which you have to fulfill to get bike loan from BOI Bank :

• Any salaried employee, professional, self-employed salaried employee can apply for this loan.
• Both resident and non-resident of India are eligible for this loan.
• can take a Bank of India bike loan to buy a new, used or super bike.
• Applicant’s age should not be more than 65 years.
• Companies, partnership firms, proprietary concerns and other types of corporate entities are eligible.
• HUFs are not eligible.

Bank of India Bike Loan Interest Rate 2024

Bank of India bike loan interest rate starts from 7.25% p.a. This interest rate may vary depending on the CIBIL score of the applicant. If you want to take a loan at a low interest rate, then you have to pay attention to your credit score. Before applying for a bike loan from any lender, you need to be well aware of the interest rate of that loan.

You can apply for the cheapest bike loan by comparing the interest rates of different lenders. The lower the interest rate on your loan, the lower will be your EMI.

Documents Need for Bank of India Bike Loan

Before applying for a bike loan from any lender, you must have all the necessary documents so that whenever the bank asks you for documents, you can immediately show them all the documents. For more information about the document, you can contact your nearest branch of BOI. Following are the documents to apply for BOI Star Vehicle Loan Scheme :

• Pan Card.
• Identity Proof (Any 1) – Driving License / Aadhar Card / Passport / Voter ID.
• Address Proof (Any 1) – Driving License / Aadhar Card / Passport / Voter ID.
• Bank statement of last 3 months.
• For more information contact on Bank of India Customer Care Number or by visiting your nearest branch.

How to apply for Bank of India Bike Loan ?

If you fulfill all the conditions of this loan, then you can apply for it both online and offline. You can apply for the loan by giving a misscall to the bank’s helpline number 8010968305 or by writing an SMS to 7669300024. To apply, follow the steps given below:

Bank of India Bike Loan Apply Online

• To apply online, first you have to visit the official website of BOI Bank. bankofindia.co.in But have to come.
• After visiting the website two wheeler loan Come to the option.

• By clicking on this link, all the information related to bike loan will come in front of you.
• You have to read this information correctly.
• After that click on the option of Apply Now.
• A form will open in front of you.
• Enter the requested information in it and click on submit.
• After this the bank will contact you and the loan process will be issued further.

How to apply offline ?

• First of all you have to go to your nearest branch of Bank of India.
• Contact the representative of the bank who will provide you complete information about the bike loan.
• Then your documents will be verified.
• You have to fill a form and complete some necessary process.
• After that you have to submit your documents.
• If your loan is approved then the loan amount will be transferred to your bank account.

Bank of India Two Wheeler Loan EMI Calculator

Before taking a bike loan from any lender, you should calculate the EMI of your loan. By calculating the EMI of your loan, you can find out how much you will have to pay at the time of loan repayment. You can go to the official website of the bank Bike loan EMI Calculator With the help of this you can calculate the EMI of your loan.

You can find the cheapest bike loan by calculating the bike loan EMI of various lenders. can search. The EMI of the loan depends on the loan amount, interest rate and loan tenure.

Bank of India Bike Loan Customer care number

If you have any other type of information regarding this loan, then you can contact on Bank of India customer care number.

• Helpline Number : 8010968305 / 7669300024

Read Also:

• Axis Bank Bike Loan
• SBI Bike Loan – Two Wheeler Loan
• Zero Down Payment Bike Loan
• Bajaj Finance Bike Loan

My final world:

In this article we have you Provided complete information about Bank of India Two Wheeler Loan. An individual who fulfills the eligibility of this loan can avail Bank of India Bike Loan to buy the bike of his dreams.

Hope friends, you have found this article informative. If you liked this article then please share it as much as you can.

FAQ’s on Bank of India Bike Loan