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| COMPARE : CAR LOANS |
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| Introduction |
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| Dream to own a car but do not have fund? Bank of Baroda offers various financing options to suit your need and match with your status and taste. The bank offers loans for any car model including Gas-Kit. The car loans by the bank also offer add-on facility for installation of CNG / LPG gas-kit. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
Term Loan |
| Ex-Showroom/On Road |
On Road |
On Road |
| Loan Amount |
The maximum loan amount is Rs. 100 Lakhs, or 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.
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Maximum allowable loan amount is Rs 15 lakhs.
For Loans of tenor upto 5 years - 12.75%
For Loans of tenor over 5 years - 13.25%
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| Tenure |
Min. - 12 months.
Max. - 60 months.
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Min. - 12 months.
Max. - 36 months.
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| Interest Rate |
13.25 % |
13.25 % |
| Time to Process Loan |
7 days |
4 days |
| Preferred Manufacturers |
Maruti |
Chevorlet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
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| Comment on Charges |
Margin-15% |
Margin- 40% |
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Eligibility Criteria
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Eligibility Criteria
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Salaried
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Salaried:
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| Income |
Rs 6000 |
| Age |
Min.: 21 Yrs. Max.: 58 Yrs. |
| Current Employment Years |
1 Yrs. |
| Total Employment Years |
2 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
No |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Self Employed
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Self Employed:
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| Income |
Rs 7000 |
| Age |
Min.: 21 Yrs. Max.: 65 Yrs. |
| Total Employment Years |
3 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Show All Auto Loans
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