Baroda Car Loan
More Benefits
- Low processing fee.
- Zero prepayment charges
- Concession of 0.5 % in rate of interest to those who offer minimum 50% liquid security as collateral.
Terms & Conditions
- To qualify as an applicant for this loan, you need to be an employee or a director of a public limited company, businessman, professional, proprietor / partner in a firm or a Govt employee.
- The maximum loan amount is Rs. 15 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.
- Maximum loans upto Rs 0.25 lac available for installation of CNG/LPG Gas-Kit in new/old (not more than 5 years) four-wheeler, if taken separately.
- Repayment :
New Vehicles : 84 months.
Second hand vehicles : 36 months.
CNG/LPG Gas-Kit : 24 months. (If loan sanctioned is only for Gas-Kit)
- Margin :
New Vehicles : 15%
Second hand vehicle : 40%
Gas kit (new / old vehicle) : 15%
- Age :
Minimum - 21 years
Maximum – present age + repayment period should not exceed retirement age in case of salaried person and 65 years in case of others.
RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES).
PROCESSING CHARGES: (CLICK HERE FOR DETAILS)
For further details, please contact the Bank of Baroda Branch nearest to you.
> Housing Loan
> Housing Loans to NRIs / PIOs
> Home Improvement Loan
> Loan Against Future Rent Receivables
> Advance Against Property
> Advance Against Property to NRI
> Education Loan
> Career Development Loan
> Car Loan
> Two Wheeler Loan
> Consumer Durables Loan
> Baroda Loan for Laptop & Personal Computer
> Personal Loan
> Vaibhav Lakshmi Loan
> Desh Videsh Yatra Loan
> Marriage Loan
> Advance Against Securities
> Loan to Pensioners
> Loan to Defence Pensioners
> Professional Loan
> Loan to Doctors
> Traders Loan
> Baroda Ashray (Reverse Mortgage Loan)
|
