Bank of Borada Vehicle Loan Yojana 2023 | Bank of Baroda Car Loan Documents | Bank of Baroda Vehicle Loan Yojana Eligibility
Hello friends, in today’s era of inflation, owning a car has become a dream for a common man. But many banks are giving loans to fulfill your dreams.
In today’s article we will tell you about the Bank of Borada Vehicle Loan Yojana in which you are given a loan at the maximum interest rate, how to get this loan and the complete information about where and where the documents are required for this. Read as necessary.
Friends, Bank of Baroda (BoB) has recently reduced its interest rate on car loans by car companies amid the steep rise in car prices. This can directly benefit you. Bank of Baroda has reduced the interest rate on car loans by 0.25 percent.
Through Bank of Borada Vehicle Loan Yojana you can buy SUV, sedan, hatchback, MUV, sports car or luxury car, vehicle loan is available for salaried employees, professionals, industrialists, corporates as well as NRIs and PIOs.
Thus the bank offers you attractive interest rates on car loans with financing up to 90%.
For more information visit the official website
Bank of Baroda Vehicle Loan : Benefits
Financing up to 90%
Very attractive interest rates
Minimal paper work
No foreclosure charges of any kind
Very fast processing
Very fast disbursement of fund
Bank of Baroda Vehicle Loan – Features
Following are the details of Bank of Baroda Car Loan.
The biggest feature of Bank of Baroda is that it offers auto loan financing of up to 90% for the on-road price of the car you want to buy.
The interest rate on your car loan is primarily calculated from the daily reducing balance and depends on the applicant’s credit score or CIBIL bureau score. If you also want to get a loan, it is very important that you have a minimum credit score of 701.
After taking the car loan, the repayment period is at least 84 months and is also determined by the EMI amount.
The processing amount on the loan is minimal.
Baroda Vehicle Loan – Eligibility
Doing business or farming
All people can get the benefit of this loan.
Baroda Vehicle Loan : Interest rates
Bank of Baroda car loan interest rates are given in the table below.
Baroda Vehicle Loan : Documents Required
If you want to take a car loan from Bank of Baroda then the following documents should be in front of you.
A photo ID with a copy of your date of birth (eg, PAN card, passport, driving license)
A signed application form issued by the bank along with 3 to 4 passport size photographs
Proof of your residence such as valid passport, voter identity card, driving license, postpaid utility bill (gas bill and electricity bill), updated passbook or bank account statement, notarized registered rent agreement
Your last six months bank passbook statement
Last 3 months salary slip if the applicant is a salaried person
Form 16 or Income Tax Return
If the applicant is a self-employed person
Balance sheet including profit and loss account, calculation of income for last 2 years
Your Income Tax Returns – Last 2 years for applicants, 26 AS,form
Proof of your business: Clerk’s License, Registration Certificate, Service Tax Registration
How to Apply Bank of Baroda Vehicle Loan Yojana 2023
The step-by-step process to apply for a Bank of Baroda vehicle loan is as follows:
First visit the official website of Bank of Baroda.
Then click on ‘Baroda Vehicle Loan’. This option will be found in the ‘Loans’ tab.
Now on the next page click on ‘Apply Now’.
You can also visit the link given below-https://dil.bankofbaroda.in/signup?utm_source=website&utm_medium=organic&utm_campaign=pp<=autoloan.
Complete the registration process by clicking on Next and click on the submit button.
Now a Bank of Baroda employee representative will contact you to process the request.
Baroda Vehicle Loan – Helpline
Bank NameBank of BarodaToll Free Number1800 258 44 55
1800 102 44 55
Apply Now Click Here…
Download FormClick Here…