Vehicle Loan Bank of Baroda

Hello friends , can you guide me for bank of baroda Vehicle loan ?? actually I am thing to buy a car in this year but I have not enough money for purchace it , so tell me , Is this bank offered car loan under Vehicle loan scheme??

[Quick Sam]

Yes bank of baroda grant car loan , here I am providing related information, Bank of Baroda Car Loans are designed to finance the car that suits your need and matches to your status & taste.

Bank of Baroda Car Loans available up to Rs 100 Lacs for any car make/model (Inclusive of Gas-Kit).This loans can be availed for new and second-hand vehicles (Not more than 3 years old), Repayment period as long as 7 years.Low interest rates.

Benefits of bank of baroda car loan

Low processing fee.

Zero prepayment charges

Concession in rate of interest to those who offer minimum 50% liquid security as collateral (subject to condition that minimum applicable rate will be Base Rate).

Additional concession of 0.25% in interest rate to existing Home Loan borrowers having good track record of repayment (subject to condition that minimum applicable rate will be Base Rate).

Terms and condition for loas are as follow :

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 and HNIs / Corporates..

The maximum loan amount is Rs. 100 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 :


For loans upto Rs. 15 lacs:
New Vehicles : 15% on road price of car
For loans over Rs. 15 lacs:
New Vehicles : 20%on road price of car

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.

Hii Buddy ,My friend , want to apply for Get Vehicle Loan form Bank of Baroda , So for it ,Will you plz provide me Terms & Conditions ?

[Quick Sam]

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 and HNIs / Corporates..


Benefits ;’

Loans available up to Rs 100 Lacs for any car make/model (Inclusive of Gas-Kit)

Loans can be availed for new and second-hand vehicles (Not more than 3 years old)

Repayment period as long as 7 years

Low interest rates

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


Terms & Conditions:


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 :


For loans upto Rs. 15 lacs:
New Vehicles : 15% on road price of car
For loans over Rs. 15 lacs:
New Vehicles : 20%on road price of car

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.