BOB Car Loan

Bank of Baroda loan offer on Car Loan

This article is based on the Bank of Baroda’s loan offer on a Car Loan or BoB Car Loan. Bank of Baroda loan offer on Car Loan with low-interest rate & EMI.

BOB Car Loan

 

About Bank of Baroda (BoB) 

Bank of Baroda started its journey at the hi-rise and hi-tech Baroda Corporate Centre in Mumbai in 1908. With a sage of Vision, Enterprise, and Financial Prudence, Bank of Baroda running their Financial service all over the 19 Countries. Get More offer detail: HDFC Bank offers a loan on a Car Loan.

Get details of “Bank of Baroda loan offer on Car Loan”.

Do you want to buy a Dream Car for you and your family? But, you have a lack of cash. So how you can do it? 

Don’t worry, the Bank of Baroda provides car loans for those who are afforded. Bank of Baroda offers up to 90% of the on-road price of the car to be financed with only a 7.35% per annum interest rate.

Get More offer detail: ICICI Bank offers a loan on a Car Loan.

Bank of Baroda Car Loan – How to apply online?

Here are the step by step methods to apply Bank of Baroda Car Loan online:

  • First, you need to do, Visit the official website of the Bank of Baroda.
  • Click on ‘Vehicle Loan’ under the Loan Tab.
  • Next, click ‘Apply Now’ under the ‘Car Loan’ section.
  • On the next page, you must enter your name, email ID, mobile number, state, city, vehicle manufacture, and model and verification code.
  • Check the consent box and click ‘Submit’.

Once the above all steps are completed, a representative of the Bank of Baroda will contact you.

other loan offer detail: ICICI Bank offers a loan on Home Loans.

 

What are the eligibility criteria of the Bank of Baroda Car loan?

Here are the eligibility criteria for the Bank of Baroda Car Loan:

  • The minimum age of the applicants at the time of receiving the application should be 21 years old.
  • The borrower and co-applicant cannot be more than 70 years old at the time of taking the loan.
  • Applicant’s credit score must be at least 725.

How to apply for a new car loan in Bank of Baroda?

The process is relatively simple and straightforward. Once you’ve decided on the model you want to buy, look at the different car options. 

After finalizing the bank or provider you want to go with, you can either go to the bank branch or log on to their website to start the application process. To apply for a car from the Bank of Baroda, visit the website. Keep the above documents at hand and be sure to verify your eligibility for this car loan.

New offers HDFC Bank Home Loan offer details 

What is the Interest Rate on a Car Loan in Bank of Baroda?

The Interest rate of Bank of Baroda  Car Loan is Starting from 7.35% per annum.

 

What are the documents required for Bank of Baroda Car Loan?

Here are the following Documents to be required for the Bank of Baroda Car Loan:

Salaried Individuals:

  • Photo ID with age proof(Aadhar Card/Voter ID Card/PAN Card)
  • Address proof (Aadhar Card/Ration card/Driving License /Voter Card/Electricity Bill/Passport)
  • Last 3 months salary slip or Form 16 as income proof
  • Last 6 months Bank Statement

 

Self Employed Professional Individuals:

  • Photo ID with age proof(Aadhar Card/Voter ID Card/PAN Card)
  • Address proof (Aadhar Card/Driving License /Passport /Voter Card/Passport/Electricity Bill/Water Bill)
  • Last 6 months Bank Statement
  • Last 2 years Balance sheet and profit and loss account
  • IT Return files of last 2 years
  • TDS Certificate
  • Registration Certificate

Bank of Baroda Car Loan – features & benefits

  1. No prepayment penalty
  2. Fast Processing 
  3. Get Up to 90% of the on-road value of the car can be financed.
  4. 1 Crore is the highest maximum loan amount.
  5. The interest rate is calculated based on the applicant’s credit score and the balance of daily depreciation.
  6. The car loan repayment period can be up to months.
  7. No advance (EMIs) needs to be paid.
  8. Bank of Baroda will hypothesize the vehicle being financed.
  9. No Hidden payment

Content Source: Offical website of BoB

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