Bank of Baroda Car Loan | BoB Car Loan Interest Rate | Complete Details - BankBazaar

Money

Thank you for the feedback.

Make a suggestion or report a bug

Interest rates

Loan calculators

Search for a loan

Bank of Baroda Car Loan

The Car Loans from Bank of Baroda are designed to finance the car that suits your need and matches to your status & taste.

Features & Benefits of Bank of Baroda Car Loan

Loans can be availed for new and second-hand vehicles (Not more than 3 years old).
Concession of 0.5 % in car loan interest rate to those who offer minimum 50% liquid security as collateral.
Bank of Baroda also presents a unique add on facility for installation of CNG / LPG gas-kit in new/old (not more than 3 years) four wheeler.
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. Age must be between 21 and 65 years(at the end of the loan tenure).

Details of BoB Car Loan. Use our calculator to compare offers from multiple banks
Interest Rate (Daily reducing balance)	For loans of tenure upto 3 years: 9.75% floating For loans of tenure over 3 years: 10.25% floating
Processing Fees	0.50% of Loan Amount, capped at Rs. 15000/- For HNI (High Net worth individual), 0.75% of Loan Amount, capped at Rs. 6000/-
Prepayment Charges	Nil
Loan Tenure	1 year to 7 years for new vehicles 1 year to 3 years for old vehicles
Loan Amount	Upto 85% for new vehicles and 60% for old vehicles Maximum of Rs 15 Lacs or 2 X gross annual income if salaried / 3 X gross annual income if Self Employed
Guarantor Requirement	Guarantor is mandatory

Get the lowest car loan interest rate in 2 minutes

Recently made loan offers

Rs.5.65 lakhs for Rs.14,740 EMI

9.50% Rate 36 Tenure

Total Interest PayableRs. 142,534

Total Tax + FeesRs. 11,300

Total Interest + FeesRs. 153,834

Submitted 15 minutes ago

Rs.7.55 lakhs for Rs.24,718 EMI

9.50% Rate 48 Tenure

Total Interest PayableRs. 134,838

Total Tax + FeesRs. 15,100

Total Interest + FeesRs. 149,938

Submitted 25 minutes ago

Rs.6.00 lakhs for Rs.13,045 EMI

9.50% Rate 48 Tenure

Total Interest PayableRs. 182,727

Total Tax + FeesRs. 12,000

Total Interest + FeesRs. 194,727

Submitted 54 minutes ago

Some fields are incorrect or have not been filled in. Please correct this to proceed.

Where do you live currently?

If other, specify

When did you move to current city?

Residence type

When did you move to current residence?

Date of Birth

YYYY

Make & model of car (ex. Honda City)

Type slowly for autofill

Type in the model of car you'd like to purchase. You can change your mind at any time, though this may change your rate & eligibility.

Ex-showroom price of car (indicative prices)

Type of employment

Company (Pick from our list for accurate offers)

Type slowly for autofill

Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.

Joining date with current employer

Start date for current business/profession

Total work experience (years)

Include your experience at your current job and all previous jobs.

Profession

Choose option that best describes applicant

Gross fixed monthly income

Rs.

This is your gross monthly salary as per your monthly payslip prior to deductions.

Latest year's Profit After Tax

Rs.

Profit after tax as per latest year's ITR.

Latest year's depreciation

Rs.

Depreciation as per latest year's ITR.

Was latest ITR audited?

Yes No

What percentage of partnership do you own?

Sum of gross annual salaries of all partners

Rs.

Sum of the gross annual salaries paid to all directors in latest year.

Sum of gross annual salaries of all directors

Rs.

Sum of the gross annual salaries paid to all directors in latest year.

Annual interest on capital paid to you

Rs.

Annual interest on capital paid by partnership firm to you in latest year.

Total annual interest paid to all partners

Rs.

Sum of the annual interest on capital paid by partnership firm to all partners in latest year.

Total EMIs of company

Rs.

This is the sum of all monthly payments on all company's currently open loans.Please ignore those loans where 12 or more EMIs have already been paid.

Total EMIs you currently pay per month (if any)

Rs.

This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where remaining loan term is less than 12 months.

Total EMIs you currently pay per month (if any)

Rs.

This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where remaining loan term is less than 12 months.

Where is your salary account?

Provide details of your current EMIs as they may help you qualify for a car loan

(Include current loans and any loans that closed within the last 12 months)

<td class="bankInp">
<select name="{2}[{0}].typeId" id="eFrm_{2}_{0}__typeId" class="requiredForAllEmp">
    <option value=""
    class="gray_header"
    >Loan type</option>
    <option value="1">Personal Loan</option>
    <option value="6">Business Loan</option>
    <option value="2">Home Loan</option>
    <option value="3">Auto Loan</option>
    <option value="5">Loan Against Property</option>
    <option value="99">Other Loan</option>

</select>
        </td>
        <td>
            <span>Loan amt.</span>
<input type="text" name="{2}[{0}].loanAmount" maxlength="11" value="" id="eFrm_{2}_{0}__loanAmount" class="number normal requiredForAllEmp" title="Rs."
/>

</td>
        <td>Start date
<select name="{2}[{0}].startDate.month" id="eFrm_{2}_{0}__startDate_month" class="requiredForAllEmp">
    <option value=""
    class="gray_header"
    >MMM</option>
    <option value="1">Jan</option>
    <option value="2">Feb</option>
    <option value="3">Mar</option>
    <option value="4">Apr</option>
    <option value="5">May</option>
    <option value="6">Jun</option>
    <option value="7">Jul</option>
    <option value="8">Aug</option>
    <option value="9">Sep</option>
    <option value="10">Oct</option>
    <option value="11">Nov</option>
    <option value="12">Dec</option>

</select>
<select name="{2}[{0}].startDate.year" id="eFrm_{2}_{0}__startDate_year" class="requiredForAllEmp">
    <option value=""
    class="gray_header"
    >YYYY</option>
    <option value="2010">2010</option>
    <option value="2009">2009</option>
    <option value="2008">2008</option>
    <option value="2007">2007</option>
    <option value="2006">2006</option>
    <option value="2005">2005</option>
    <option value="2004">2004</option>
    <option value="2003">2003</option>
    <option value="2002">2002</option>
    <option value="2001">2001</option>
    <option value="2000">2000</option>
    <option value="1999">1999</option>
    <option value="1998">1998</option>
    <option value="1997">1997</option>
    <option value="1996">1996</option>
    <option value="1995">1995</option>
    <option value="1994">1994</option>
    <option value="1993">1993</option>
    <option value="1992">1992</option>
    <option value="1991">1991</option>

</select>
        </td>
        <td>
            <span style="margin-right:7px;">EMI</span>
<input type="text" name="{2}[{0}].emi" maxlength="11" value="" id="eFrm_{2}_{0}__emi" class="number normal requiredForAllEmp" title="Rs."
/>

</td>
        <td>
            <span class="font_small brel"><a href="#" class="" onclick="deletereln(this, '{1}');">Delete</a>
            <span class="addRel"> | <a class="bankrel brel" href="#" onclick="add('{1}');">Add another</a></span></span>
        </td>
    </tr>

Will you be providing details on any loans?

Yes No

The information I have provided is accurate. I understand that final credit approval is at the sole discretion of the financial institution.

Interest rates

Loan calculators

Search for a loan

Bank of Baroda Car Loan

Features & Benefits of Bank of Baroda Car Loan

Interest Rates

Loan Calculators

Personal Loans

Home Loans

Car Loans

Loans

Loan EMI Calculators

Other