education 2010: Bank of Baroda Car Loan

The Car Loans from Bank of Baroda are considered to finance the car to suits your require and matches to your taste & status.

Features & profit of Bank of Baroda Car Loan

Loans can be availed for new and second-hand vehicles (Not more than 3 years old).
Allowance of 0.5 % in car loan interest rate to those who offer minimum 50% liquid safety as guarantee.
BOB too presents an only one of its type add on facility for fixing of LPG / CNG gas-kit in new/old (not more than 3 years) four wheeler.
To be eligible as an applicant for this loan, you need to be a worker or a manager of a public limited company, professional, businessman, proprietor / associate in a firm or a Govt employee. Age must be between 21 and 65 years(at the end of the loan tenure).

Details of Bank of Baroda Car Loan. Use our calculator to compare offers from multiple banks

Interest Rate (Daily reducing balance)	For loans of tenure up to 3 years: 9.75% floating For loans of tenure more than 3 years: 10.25% floating
Processing Fees	0.50% of Loan Amount, capped at Rs. 15000/- used for HNI (High Net worth individual), 0.75% of Loan Amount, capped at Rs. 6000/-
Prepayment Charges	Nil
Loan residence	1 year to 7 years for new vehicles 1 year to 3 years for old vehicles
Loan Amount	Up to 85% for new vehicles and 60% for old vehicles Maximum of Rs 15 Lacks or 2 X gross annual income if salaried / 3 X gross annual income if Self Employed
Guarantor Requirement	Guarantor is obligatory

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