Bank of Baroda Car Loan Apply 2024 – Interest Rate & Types

Bank of Baroda Car Loan Apply 2024 – Interest Rate & Types: Hi friends, In this article, we will know in detail what is Bank of Baroda car loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this Bank of Baroda loan etc., so you can read this article. Read till the end.

Take a loan to buy any type of car like new, used or luxury car, then it is a car loan.

Bank of Baroda Car loan Details

Car loan is a under the category of secured loan. To take this loan, you have to give any collateral or security, but in a car loan, the car itself acts as a collateral. Before giving loan to your bank CIBIL Score checks the. If your credit score is very good and you fulfill all the conditions of the bank then you are attractive. Car Loan Interest rate With this, you can take advantage of this loan.

apply for Bank of Baroda car loan both online and offline. Bank of Baroda car loan interest rate starts from 7.40% p.a. You can avail this loan to buy any type of car like hatchback, sedan, MUV, SUV, sports car or a luxury car etc. All types of salaried employees, businessmen, professionals, individuals associated with corporates as well as NRI and PIO individuals can also take advantage of BOB Car Loan.

Under Baroda Car Loan, you can get loan up to 90% of the cost of the car. You can also call Bank of Baroda customer care number Baroda Car Loan can apply for.

Benefits and Features of Bank of Baroda Car Loan

• Any person can take advantage of BOB Car Loan to buy any type of car.
• At present, the interest rate of this loan starts from 7.40% per annum.
• If your CIBIL score is good then you can take advantage of the attractive interest rates of the bank.
• can get loan up to 90% of the cost of the car.
• Foreclosure Charges is nil for this loan.
• Benefits of loan with minimum documentation.
• Loan benefits with faster processing.
• Bank of Baroda Car loan Under this, you can get a maximum loan of up to Rs 5 crore.
• should be minimum 701 to avail this loan.
• The loan tenure of the loan is maximum 84 months.
• The processing fee is Rs 1500 + GST.
• Pre-closure charges are nil.

Bank of Baroda Car loan Key Features

loan name	Bank Of Baroda Car Loan 2023
lender	Bank of Baroda
Rate of interest	Starting from 7.40% p.a.
loan tenure	max 84 months
loan amount	90% of the cost of the car
processing fee	Rs 1500 + GST
Foreclosure Charges	Zero
Application Mode	online / offline
official website	https://www.bankofbaroda.in/

Eligibility for Bank of Baroda Car Loan

Only those individuals can apply for this loan who are eligible for it. Following are the eligibility to apply:

• The minimum age of the applicant should be 21 years.
• The maximum age at the end of the loan tenure should be 70 years.
• should be at least 701.
• Salaried employees.
• Businessmen, Professionals and Farmers are eligible.
• Directors of Private and Public Limited Companies, Owners of Proprietorship Firms, Partners of Partnership Firms.
• Corporates (Partnerships, Private Limited, Public Limited and Trusts).
• NRI / PIO.

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Documents Need for Baroda Car Loan

To apply for Bank of Baroda loan, you must have all the necessary documents so that whenever the bank asks you for documents, you can immediately show them all the documents:

• Photo ID with proof of age (eg, PAN card, passport, driving license).
• Signed application form with 3 passport size photographs
• Residence proof such as valid passport, voter ID, driving license, postpaid utility bills (gas bill and electricity bill), bank account details, notarized registered rent agreement.
• Bank statement for the last six months.

For Salaried Person:

• Salary slip of last 3 months.
• Form 16 or Income Tax Return.

For Self Employed Person:

• Balance Sheet and Profit and Loss Account, Computation of Income for the last 2 years.
• Income Tax Return – Last 2 years for applicants, 26 AS, Trace.
• Profession Proof: Gomasta License, Registration Certificate, Service Tax Registration.
• , Income Tax Challan / TDS Certificate (Form 16A ) / Form 26AS for income declared in ITR.

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Bank of Baroda Car Loan Apply

If you fulfill all the conditions of this loan, then you can apply for it both online and offline. To apply, follow the steps given below:

BOB Car Loan Apply Online

• To apply online, you must first visit the official website of the bank. bankofbaroda.in But have to come.
• In the option of Loans on the home page of the website car loan Click on the option.

• On the next page, all the information related to car loan will come in front of you.
• To apply click on this option Apply Now.
• The loan application 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 ?

• To apply offline, you have to first go to your nearest Bank of Baroda branch.
• Visit the bank branch and contact the bank employee who will provide you complete information about the car loan.
• Then your documents will be verified.
• You have to fill the form and submit the required documents.
• In this way your application will be done.

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Bank of Baroda Car Loan Interest Rate 2024

The interest rate of Baroda Car Loan starts from 7.40% per annum. This interest rate may vary depending on the credit score, profile, etc. of the applicant. If you fulfill all the conditions of the bank, then you can also get a car loan at a low interest rate. Before applying for a car loan of any bank, it is important for you to have proper knowledge about the interest rate of that loan.

provide minimum 50% of the loan limit as collateral security are given a concession of 0.50% in the interest rate. An interest rate rebate of 0.25% is offered on New Car Loan on purchase of an electric vehicle.

You can apply for the cheapest car loan by comparing the car loan interest rate of different banks. The interest rate of your loan plays an important role in car loan EMI.

Bank of Baroda Car Loan EMI Calculator

Before applying for Bank of Baroda car loan, 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 Car Loan EMI Calculator With the help of this you can calculate the EMI of your loan.

As soon as you click on this link, the EMI calculator will open in front of you. In this, you have to select the loan amount, interest rate and loan tenure and you will get the EMI of your loan.

How to Login to Bank of Baroda Car Loan ?

• To login, you have to first visit the official website of the bank.
• after visiting the website Click on Login option.
• The login form will open in front of you.
• You can log in by entering your mobile number or email id.

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BOB Car Loan Customer Care Number

If you are facing any kind of problem in applying for this loan, then you can get information by calling the customer care number of Baroda Car Loan.

• Toll Free Number : 1800 258 44 55 / 1800 102 44 55
• Give Us a Missed Call : 8467001133
• SMS us ALName to : 8422009988

Final Touch:

In this article we have you Bank of Baroda has provided complete information about car loan apply, interest rate. Anyone can take advantage of this loan to buy the car of their 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 Baroda Car loan