Bob Car Loan
Features: The bank offers car loans under the scheme Baroda Car Loan or new as well as second hand cars. It also offers a facility for installation of CNG or LPG gas kit in new or old (not more than 3 years) cars. With no prepayment charges, the bank also offers a concession of 0.5 per cent on the interest rate for those who offer around 50 per cent liquid security as collateral. The loans are available to an employee or a director of a public limited company, businessman, professional, proprietor or partner in a firm or a government employee.
Processing Fees: Nil
Prepayment Charges: Nil
Down-payment: 15%
Max Tenure: 4
| Plan | Interest Rate Min | Interest Rate Max | EMI | Processing Fee |
|---|
Bank of Baroda - New - Floating
12.5
12.5
2658
Nil
| Bank of Baroda - New - Floating | 12.5 | 12.5 | 2658 | Nil |