Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Product typePre-owned car loan for used passenger vehicles purchased through approved certified pre-owned car dealers of OEMs.View source
Pre-owned car loan for used passenger vehicles purchased through approved certified pre-owned car dealers of OEMs.
- Source
- Product type
- Page / section
- Baroda Auto Loan for Pre-owned Car
- Accessed
- 21 Aug 2026
- Confidence
- high
Eligible vehicle typesHatchback, sedan, MUV, SUV, sports car and luxury car.View source
Hatchback, sedan, , , sports car and luxury car.
- Source
- Eligible vehicle types
- Page / section
- Baroda Auto Loan for Pre-owned Car
- Accessed
- 21 Aug 2026
- Confidence
- high
Maximum financeThe lowest of 75% of latest market value, 75% of agreement/
The lowest of 75% of latest market value, 75% of agreement/invoice value, or 100% of insured declared value ().
- Source
- Maximum finance
- Page / section
- Baroda Auto Loan for Pre-owned Car
- Accessed
- 21 Aug 2026
- Confidence
- high
Loan amountMinimum ₹2 lakh and maximum ₹50 lakh for all categories.View source
Minimum ₹2 lakh and maximum ₹50 lakh for all categories.
- Source
- Loan amount
- Page / section
- — Minimum & Maximum Limit
- Accessed
- 21 Aug 2026
- Confidence
- high
Credit scoreMinimum CIBIL score 701; CIBIL score −1 may also be considered.View source
Minimum CIBIL score 701; score −1 may also be considered.
- Source
- Credit score
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
Repayment periodMaximum 60 months; repayment period plus vehicle age from the original invoice date must not exceed 96 months.View source
Maximum 60 months; repayment period plus vehicle age from the original invoice date must not exceed 96 months.
- Source
- Repayment period
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
SecurityHypothecation of the financed vehicle, released after full repayment.View source
Hypothecation of the financed vehicle, released after full repayment.
- Source
- Security
- Page / section
- Baroda Auto Loan for Pre-owned Car
- Accessed
- 21 Aug 2026
- Confidence
- high
AgeApplicant minimum age 21 years; co-applicant minimum age 18 years; applicant, co-applicant or guarantor age plus repayment period must not exceed 70 years.View source
Applicant minimum age 21 years; co-applicant minimum age 18 years; applicant, co-applicant or guarantor age plus repayment period must not exceed 70 years.
- Source
- Age
- Page / section
- — Age
- Accessed
- 21 Aug 2026
- Confidence
- high
Processing fee0.50% of loan amount plus GST; minimum ₹2,500 plus GST and maximum ₹10,000 plus GST.View source
The official fee section publishes the 0.50% rate and ₹2,500/₹10,000 floor and ceiling.
- Source
- Baroda Auto Loan for Pre-owned Car — official product page
- Page / section
- Interest rates & charges — Processing Charges
- Accessed
- 28 Aug 2026
- Confidence
- high
EligibilityResident Indian individuals, including salaried employees, pensioners, self-employed professionals, businessmen, private/
The official page publishes applicant groups, age limits, rule, and document requirements.
- Source
- Baroda Auto Loan for Pre-owned Car — official product page
- Page / section
- Eligibility; Features — and age
- Accessed
- 28 Aug 2026
- Confidence
- high
Gross annual incomeSalaried employees and pensioners: ₹2.50 lakh and above. Businessmen, professionals, directors and agriculture/
Salaried employees and pensioners: ₹2.50 lakh and above. Businessmen, professionals, directors and agriculture/allied applicants: ₹3.00 lakh and above.
- Source
- Gross annual income
- Page / section
- Eligibility
- Accessed
- 21 Aug 2026
- Confidence
- high
Repayment capacityTotal deductions including proposed EMI must not exceed 60% of GMI for salaried applicants (average of last 3 months, with at least 1 year current employment) or 60% of GAI for others (average of last 2 years).View source
Total deductions including proposed must not exceed 60% of for salaried applicants (average of last 3 months, with at least 1 year current employment) or 60% of GAI for others (average of last 2 years).
- Source
- Repayment capacity
- Page / section
- (Repayment capacity)
- Accessed
- 21 Aug 2026
- Confidence
- high
PurposePurchase of an old/used passenger vehicle or four-wheeler for personal use through an approved certified pre-owned car dealer of an OEM.View source
Purchase of an old/used passenger vehicle or four-wheeler for personal use through an approved certified pre-owned car dealer of an OEM.
- Source
- Purpose
- Page / section
- Purpose
- Accessed
- 21 Aug 2026
- Confidence
- high
KYC documentsPAN, passport, driving licence, Aadhaar or equivalent KYC. Existing customers with a KYC-compliant account held for at least 6 months and updated in the last 2 years need no fresh KYC.View source
, passport, driving licence, Aadhaar or equivalent . Existing customers with a -compliant account held for at least 6 months and updated in the last 2 years need no fresh .
- Source
- documents
- Page / section
- Document Required
- Accessed
- 21 Aug 2026
- Confidence
- high
Bank statementExisting customer: not required. New customer: last 6 months.View source
Existing customer: not required. New customer: last 6 months.
- Source
- Bank statement
- Page / section
- Document Required
- Accessed
- 21 Aug 2026
- Confidence
- high
Income documentsSelf-employed: 2 years of ITR. Salaried: 1 year ITR and salary slips for the last 3 months.View source
Self-employed: 2 years of . Salaried: 1 year and salary slips for the last 3 months.
- Source
- Income documents
- Page / section
- Document Required
- Accessed
- 21 Aug 2026
- Confidence
- high
Vehicle documentsNACH mandate where required, proforma invoice from a certified tie-up partner, and copy of RC and insurance. Sub-dealer, broker or agent invoices are not accepted.View source
mandate where required, proforma invoice from a certified tie-up partner, and copy of RC and insurance. Sub-dealer, broker or agent invoices are not accepted.
- Source
- Vehicle documents
- Page / section
- Document Required
- Accessed
- 21 Aug 2026
- Confidence
- high
Vehicle insuranceComprehensive vehicle insurance with the bank’s clause.View source
Comprehensive vehicle insurance with the bank’s clause.
- Source
- Vehicle insurance
- Page / section
- — Insurance
- Accessed
- 21 Aug 2026
- Confidence
- high
Prepayment and foreclosureFloating rate: nil. Fixed rate: nil part-payment up to cumulative ₹40,000 within the first 2 years and nil after 2 years; 2% plus GST applies to the entire prepaid amount when the ₹40,000 threshold is exceeded in the first 2 years or when the account is closed within the first 2 years.View source
Floating rate: nil. Fixed rate: nil part-payment up to cumulative ₹40,000 within the first 2 years and nil after 2 years; 2% plus applies to the entire prepaid amount when the ₹40,000 threshold is exceeded in the first 2 years or when the account is closed within the first 2 years.
- Source
- Prepayment and foreclosure
- Page / section
- — Pre-payment/Pre-Closure Charges
- Accessed
- 21 Aug 2026
- Confidence
- high
Contact channelsMissed call 846 700 1133 or SMS “AL <space> Name” to 842 200 9988.View source
Missed call 846 700 1133 or “AL <space> Name” to 842 200 9988.
- Source
- Contact channels
- Page / section
- Product overview
- Accessed
- 21 Aug 2026
- Confidence
- high
Tax noteThe page states that self-employed borrowers or business-use vehicles may treat interest as a business expense; this is general information and not a tax recommendation.View source
The page states that self-employed borrowers or business-use vehicles may treat interest as a business expense; this is general information and not a tax recommendation.
- Source
- Tax note
- Page / section
- Accessed
- 21 Aug 2026
- Confidence
- high
Sales and marketing disclosureThe bank may use agents for sales and marketing of the product.View source
The bank may use agents for sales and marketing of the product.
- Source
- Sales and marketing disclosure
- Page / section
- Product overview
- Accessed
- 21 Aug 2026
- Confidence
- high
Rate benchmarkBRLLR + applicable spread; the retail-loan table identifies BRLLR-linked pricing for these vehicle-loan rows.View source
Vehicle-loan pricing is shown against plus the applicable spread.
- Source
- Retail Loans Interest Rates
- Page / section
- Baroda Auto Loan — current -linked rates
- Accessed
- 21 Aug 2026
- Confidence
- high
Loan typePre-owned passenger-vehicle loan for personal use through approved certified pre-owned car dealers of OEMs; the financed car is hypothecated to Bank of Baroda until repayment.View source
The page limits the purpose to purchase of an old/used passenger vehicle through approved certified dealers and states the hypothecation condition.
- Source
- Baroda Auto Loan for Pre-owned Car — official product page
- Page / section
- Purpose; Features — collateral
- Accessed
- 28 Aug 2026
- Confidence
- high
Maximum amountFinancing is up to 75% of market or agreement value, or 100% of IDV value, whichever is lower. Loan amount range: ₹2,00,000 minimum to ₹50,00,000 maximum.View source
The official features section publishes the three financing bases and the ₹2 lakh/₹50 lakh lower and upper limits.
- Source
- Baroda Auto Loan for Pre-owned Car — official product page
- Page / section
- Features — financing and loan limits;
- Accessed
- 28 Aug 2026
- Confidence
- high
TenureMaximum repayment period is 60 months. Repayment period plus the vehicle’s age from its original invoice date must not exceed 96 months.View source
The page states the 60-month maximum and the combined tenor-plus-vehicle-age ceiling.
- Source
- Baroda Auto Loan for Pre-owned Car — official product page
- Page / section
- Features — repayment period
- Accessed
- 28 Aug 2026
- Confidence
- high
Minimum incomeSalaried employees and pensioners: gross annual income ₹2,50,000 or above. Businessmen, professionals, directors and persons engaged in agriculture/
The eligibility section prints the ₹2.50 lakh and ₹3 lakh GAI thresholds by applicant group.
- Source
- Baroda Auto Loan for Pre-owned Car — official product page
- Page / section
- Eligibility — borrower income
- Accessed
- 28 Aug 2026
- Confidence
- high
Geographic limitsResident Indian individuals, including salaried employees, pensioners, self-employed professionals, businessmen, private/
The manually reviewed product record states: “Resident Indian individuals, including salaried employees, pensioners, self-employed professionals, businessmen, private/public-company directors and persons in agriculture/ allied activities. Minimum age 21; maximum age 70 at the end of repayment. Minimum CIBIL score 701; score −1 may also be considered. Existing customers with a -compliant account for at least six months may not need fresh .”.
- Source
- Baroda Auto Loan for Pre-owned Car — official product page
- Page / section
- Published product metadata
- Accessed
- 21 Aug 2026
- Confidence
- high
Interest rateFloating: the current retail-rate schedule states 10.65%–13.40% p.a. on BRLLR + Strategic Premium + 2.50%–5.25%; the dedicated pre-owned-car page still states 10.20%–12.95% p.a. for the same spread. Fixed: 11.90%–14.65% p.a. on 1-year MCLR + Strategic Premium + 2.90%–5.65%. The official pages also differ on the Group Credit Life Insurance loading; confirm the applicable rate with Bank of Baroda before applying.Effective 12 Sept 2026View source
The current rate page states 10.65%–13.40% floating; the dedicated product page states 10.20%–12.95%. Both state the same + + 2.50% to +5.25% spread. The fixed-rate effective range agrees at 11.90%–14.65%.
- Source
- Bank of Baroda retail rate schedule and pre-owned-car product page
- Page / section
- Retail rates: -linked Pre Owned Car lines 1550–1579 and -linked fixed-rate table lines 1930–1940; product page: Interest rates & charges lines 262–302
- Accessed
- 27 Sept 2026
- Confidence
- high
Floating interest rateCurrent retail-rate schedule: 10.65%–13.40% p.a.; BRLLR + Strategic Premium + 2.50%–5.25%. The dedicated product page still shows 10.20%–12.95% p.a. for the same spread.Effective 12 Sept 2026View source
The retail-rate schedule and product page publish different effective ranges for the same floating spread. The table values are preserved separately; no rate is inferred.
- Source
- Bank of Baroda floating rate sources — pre-owned car loan
- Page / section
- Retail rates: Pre Owned Car, lines 1572–1579; product page: Floating Rate, lines 284–302
- Accessed
- 27 Sept 2026
- Confidence
- high
Fixed interest rate11.90%–14.65% p.a.; 1-year MCLR + Strategic Premium + 2.90%–5.65%. The dedicated page and current fixed-rate schedule agree on the effective range.Effective 12 Sept 2026View source
Both official sources state a fixed effective range from 11.90% to 14.65%; the product page gives the 1-year spread formula.
- Source
- Baroda Auto Loan for Pre-owned Car — fixed rates
- Page / section
- Product page: Fixed Rate lines 262–281; Retail rates: -linked Auto Loan lines 1930–1940
- Accessed
- 27 Sept 2026
- Confidence
- high
Rate benchmarkFloating loans use BRLLR + Strategic Premium + a 2.50%–5.25% spread. BOB lists BRLLR at 7.90% p.a. effective 6 December 2025 (repo 5.25% + markup/
The official schedule publishes at 7.90%, the repo rate at 5.25%, its 2.65% markup/base spread, and 1-year at 8.75%; the pre-owned-car rows publish the corresponding spreads.
- Source
- Retail Loans Interest Rates — and benchmarks
- Page / section
- effective 2025-12-06 and table effective 2026-09-12; Baroda Auto Loan pre-owned rows
- Accessed
- 27 Sept 2026
- Confidence
- high
Group Credit Life Insurance rate conditionThe pre-owned-car page says 0.05% is added to each rate slab if an individual does not opt for Group Credit Life Insurance. The master rate schedule repeats a 0.05% loading for pre-owned customers who do not opt, but also states a separate 0.10% loading for an individual who does not opt. The applicable loading is unclear across the bank’s own pages; confirm it with BOB.Effective 12 Sept 2026View source
The dedicated page and two adjacent retail-schedule notes publish both 0.05% and 0.10% non-opt loading statements; the bank provides no reconciliation on these pages.
- Source
- Bank of Baroda Group Credit Life Insurance rate conditions
- Page / section
- Product page: Fixed and Floating rate notes, lines 281–302; Retail rates: Auto Loan GCLI notes, lines 1938–1940
- Accessed
- 27 Sept 2026
- Confidence
- high
Prepayment and foreclosure chargesFloating-rate individual loan: nil. Fixed-rate loan: nil part-payment charges up to cumulative ₹40,000 in the first 2 years and nil charges after 2 years. If part-payment exceeds ₹40,000 within the first 2 years, 2% + GST applies to the entire prepayment; closing the account within the first 2 years also attracts 2% + GST on the entire prepaid amount. BOB’s Benefits and FAQ sections also say there are no foreclosure/
The detailed current and service-charge page give the exact floating-individual and fixed-rate thresholds/charges; the same product page's benefit/ copy says no prepayment/foreclosure fees.
- Source
- Bank of Baroda pre-owned auto-loan prepayment terms
- Page / section
- Service Charges: Auto Loan floating/fixed rows 1003–1022; product page: Benefits lines 211–222, Pre-payment/Pre-Closure Charges lines 388–394, lines 441–446
- Accessed
- 27 Sept 2026
- Confidence
- high
Interest-rate conversion chargeWhen switching the rate of interest: 0.10% of the outstanding balance plus any undisbursed portion; minimum ₹5,000 + GST and maximum ₹1,00,000 + GST per account for each conversion.Effective 1 Apr 2025View source
The service-charge row expressly includes Pre-Owned Car Loan and states 0.10% of outstanding plus undisbursed amount, with ₹5,000 and ₹1 lakh limits plus per account per conversion.
- Source
- Service Charges — Conversion Charges
- Page / section
- Conversion Charges: Auto Loan (including Pre-Owned Car Loan), lines 950–964
- Accessed
- 27 Sept 2026
- Confidence
- high
Published benefitsBOB lists financing up to 75%, low interest rates, higher loan amount, minimal documentation, quick processing and speedy disbursal. It also advertises no foreclosure charges, but the detailed MITC and service-charge schedule specify fixed-rate prepayment charges; see the prepayment terms and confirm the applicable rate mode with BOB.View source
The benefits list includes no foreclosure charges; the detailed and service-charge schedule publish fixed-rate prepayment charges, so the distinction is disclosed.
- Source
- Baroda Auto Loan for Pre-owned Car — published benefits
- Page / section
- Benefits and Features, lines 211–228; see lines 388–394
- Accessed
- 27 Sept 2026
- Confidence
- high
Benefits and features
- Up to 75% financing, low interest rates, higher loan amount, minimal documentation, no foreclosure charges, quick processing and speedy disbursal.
Eligibility
- Resident Indian individuals, including salaried employees, pensioners, self-employed professionals, businessmen, private/
public-company directors and persons in agriculture/ allied activities. Minimum age 21 - maximum age 70 at the end of repayment. Minimum CIBIL score 701
- score −1 may also be considered. Existing customers with a -compliant account for at least six months may not need fresh .
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- , passport, driving licence, Aadhaar or equivalent .
- Existing customers: -compliant account held at least 6 months and updated within 2 years may avoid fresh .
- New customers: last 6 months bank statement.
- Salaried applicants: and salary slips for the last 3 months.
- Self-employed applicants: for the last 2 years.
- Proforma invoice from an approved certified pre-owned OEM dealer, copy of RC and comprehensive vehicle insurance with the Bank clause.
- mandate where required.
Related official documents
Baroda Auto Loan for Pre-owned Car product pageproduct-page · current · accessed 21 Aug 2026
↗Baroda Auto Loan for Pre-owned Car — official product pageofficial-product-page · current · accessed 28 Aug 2026
↗Common application form for vehicle, personal and consumer loans — exact reviewed version reusedofficial-linked-application-form-pdf · Exact prior reviewed bytes reused; fresh live-link verification unavailable on 2026-09-27 · accessed 24 Sept 2026
↗Download Forms — Personal loan and retail-loan shared documents directoryofficial-forms-directory · Current official directory manually checked 2026-09-27; linked PDFs are tracked separately by exact source ID · accessed 27 Sept 2026
↗Baroda Auto Loan for Pre-owned Car — full official product-page recheckofficial-product-page · Current full page manually reviewed on 2026-09-27; conflicts retained in field evidence · accessed 27 Sept 2026
↗All-in Cost for Retail Loans — official linked PDF, complete visual reviewofficial-linked-pdf · Complete four-page visual and text review; legacy/undated tariff conflicts with current product/FAQ statements. · accessed 24 Sept 2026
↗Bank of Baroda loan APR auditofficial-product-pages-and-rate-table · current-at-review · accessed 29 Sept 2026
↗Retail Loans Interest Rates — current BRLLR/MCLR benchmarks and pre-owned auto rate rowsofficial-rate-page · Current official schedule manually rechecked 2026-09-27; dedicated product-page range and GCLI wording conflict with this schedule · accessed 27 Sept 2026
↗List of Important Terms and Conditions of Loan/Advances — generic MITC template, complete visual reviewofficial-linked-pdf · Complete two-page visual and text review; generic disclosure template only. · accessed 24 Sept 2026
↗Model Checklist for Retail Loans — official linked PDF, complete visual reviewofficial-linked-pdf · Complete six-page visual and text review; generic checklist only, product page controls where requirements differ. · accessed 24 Sept 2026
↗Service Charges — retail loan rate-conversion and auto-loan prepayment scheduleofficial-service-charge-page · Current official service-charge page manually rechecked 2026-09-27; schedule itself identifies effective date 2025-04-01 · accessed 27 Sept 2026
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