• Low processing fee.
  
  
• Zero prepayment charges
  
  
• Concession of 0.5 % in rate of interest to those who offer minimum 50% liquid security as collateral.
  
  

• 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.



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