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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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Loans available up to Rs 100 Lacs for any car make/model (Inclusive of Gas-Kit)Maximum loans upto Rs 0.25 lac available for installation of CNG/LPG Gas-Kit in new/old (not more than 3 years) four-wheeler, if taken separately.
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| Tenure |
Min. - 12 months.
Max. - 84 months.
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Min. - 12 months.
Max. - 36 months.
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| Interest Rate |
10.5 % |
10.5 % |
| Time to Process Loan |
7 days |
2 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
For loans upto Rs. 15 lacs :15% on road price of car
For loans over Rs. 15 lacs: 20%on road price of car |
Margin- 40% |
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Special Offers
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Special Privileges |
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| New Car |
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Insurance: Comprehensive Insurance of the Vehicle with Bank’s clause is required. Charges to be borne by borrower. |
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| New Car |
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In case of 2nd hand car, the existing insurance policy be got transferred to the name of borrower with Bank’s clause. |
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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.: 65 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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