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Bank of Baroda Car Loan, Interest Rates and EMI Calculator – Calculate EMI Online

(Updated on 07.05.2019) Bank Of Baroda Car Loan EMI Calculator May 2019 – Loansninsurances.com provides a simple tool to calculate Car Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee & more.

Bank Of Baroda Car Loan – Quick, Easy & Instant Approval Online

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Bank of Baroda Car Loan

Bank of Baroda Car Loan is the most preferred car loan with a wide range of benefits. Bank of Baroda provides car loan to every segment of the population, whether salaried individuals or self-employed individuals. Bank of Baroda car loan is designed to finance the car that suits your need and matches to your status & taste. . Bank of Baroda also offers an amazing add on facility for installation of CNG/LPG gas-kit in new four wheelers and also for not more than three year old four wheelers. Bank of Baroda offers the lowest interest rates on car loan in the market to help every individual to own the preferred car within their budget.

Bank of Baroda Car Loan Features

  • Customized car loan for all borrowers.

  • Bank of Baroda car loan availed up to ₹100 lakhs for any car make/model

  • Bank of Baroda car loan are available for both new cars and second-hand vehicles. Second-hand vehicles should not be more than 3 years old.

  • Most affordable and feasible car loan interest rates.

  • Long car loan repayment period.

  • Minimal documentation and assured Gas-kit for all types of car.

  • Individual can get concession in interest rates if he/she provides minimum 50% liquid security as collateral.

  • Existing Home loan borrowers can avail an additional 0.25% concession in interest rates if they have good track record of home loan repayment.

  • Zero prepayment charges on Axis bank car loan.

Bank of Baroda Car Loan Interest Rates

Interest Rates

8.60% + strategic premium

Processing Fee

0.25% of the loan amount

Loan Amount

Maximum 100 lakhs

Loan Tenure

84 months for new vehicles and 36 months for old vehicles

Bank Of Baroda Car Loan EMI Calculator

Bank Of Baroda Car Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Car loan EMI within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Bank of Baroda Car Loan Unified Processing Charges

Unified processing charges include processing charges, documentation charges, document verification charges and pre & one time post sanction inspection charges. Follow the list given below:

  • Loans up to Rs 15/- Lacs: 0.75% (Maximum Rs 10000/-)

  • Loans above Rs 15/- Lacs: 0.50% (Minimum Rs 10000/-)

Bank of Baroda Car Loan Margin

For loans upto Rs. 15 lacs:

  • On New Vehicles : 15% on road price of car

For loans over Rs. 15 lacs:

  • On New Vehicles : 20%on road price of car

Bank of Baroda Car Loan Tenure

  • For New Vehicles : 84 months.

  • For Second hand vehicles : 36 months.

  • For CNG/LPG Gas-Kit : 24 months. (If loan sanctioned is only for Gas-Kit)

Bank of Baroda Car Loan Security

  • The car should be hypothecated to Bank of Baroda.

  • Bank of Baroda’s charge on the Registration Document should be noted with RTO.

  • The bank will maintain a certified copy of the RTO Registration having its name as financier in its records.

Bank of Baroda Car Loan Eligibility

  • Bank of Baroda Car Loan is available to employee or a director of a public limited company, businessman, professional, proprietor/partner in a firm or a Government employee and HNIs / Corporates.

  • The age of an applicant should be 21 years and above.

  • The maximum age to avail a car loan is 65 years.

  • Monthly income and loan repayment capacity will be taken into account for bank of baroda car loan eligibility.

  • The retirement age of salaried individual will also determine car loan eligibility.

  • Loan amount will be twice of your gross annual income if you are salaried, and thrice of it (average of last 2 years gross annual income) if you are a businessman, whichever is lower.

Bank of Baroda Car Loan Documents

  • Age proof

  • ID proof

  • Application form

  • Photograph

  • Residence proof

  • Income proof

  • Bank statement

  • Signature verification proof

  • Other documents as per bank’s requirement.

Bank of Baroda Car Loan Prepayments

No prepayment Charges on foreclosure of Bank of Baroda Car Loan. Bank of Baroda has its own norms on foreclosure of car loan.