Personal, home, vehicle & other loans

Baroda Car Loan for /

An / car loan for new private-use vehicles with finance up to ₹1 crore or 90% of on-road price, a maximum 84-month term, 10% margin, daily-reducing interest, no advance and nil pre-closure charge. Eligibility, income multipliers, repayment-capacity bands, age, hypothecation, insurance and -linked pricing are published on the official page.

RateFloating rate for the new-car row: 7.60%–11.30% p.a.; the applicable slab is based on the applicant/co-applicant CIBIL score. The NRI/PIO page also states a 0.25% concession for existing Bank of Baroda home-loan borrowers with a good repayment record and no overdue.FinancingUp to 90% of on-road price Maximum limit₹1 crore for all categories

Official product page ↗Compare category

✓ Manually checked 28 Sept 2026 · active

Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeNRI/PIO car loan for new private-use carsView source

/ car loan for new private-use cars

Source: Loan type
Page / section: Product overview
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

EligibilitySalaried employees, businessmen, professionals, directors of private/public limited companies, proprietors, partners and eligible corporates/trustsView source

Salaried employees, businessmen, professionals, directors of private/public limited companies, proprietors, partners and eligible corporates/trusts

Source: Eligibility
Page / section: Eligibility
Accessed: 21 Aug 2026
Confidence: high

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Maximum limit₹1 crore for all categoriesView source

₹1 crore for all categories

Source: Maximum limit
Page / section: — Maximum Limit
Accessed: 21 Aug 2026
Confidence: high

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Maximum tenure84 monthsView source

84 months

Source: Maximum tenure
Page / section: — Repayment Period
Accessed: 21 Aug 2026
Confidence: high

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FinancingUp to 90% of on-road priceView source

Up to 90% of on-road price

Source: Financing
Page / section: Benefits
Accessed: 21 Aug 2026
Confidence: high

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Minimum ageBorrower 21 years; co-applicant 18 yearsView source

Borrower 21 years; co-applicant 18 years

Source: Minimum age
Page / section: — Age
Accessed: 21 Aug 2026
Confidence: high

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Maximum ageApplicant/co-applicant/guarantor age plus repayment period must not exceed 70 yearsView source

Applicant/co-applicant/guarantor age plus repayment period must not exceed 70 years

Source: Maximum age
Page / section: — Age
Accessed: 21 Aug 2026
Confidence: high

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Margin10% of on-road vehicle priceView source

10% of on-road vehicle price

Source: Margin
Page / section: — Margin
Accessed: 21 Aug 2026
Confidence: high

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Bureau scoreMinimum cut-off 725 for the published rate concession; otherwise as per bank guidelinesView source

Minimum cut-off 725 for the published rate concession; otherwise as per bank guidelines

Source: Bureau score
Page / section: — Bureau Score and Rate of Interest
Accessed: 21 Aug 2026
Confidence: high

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SecurityHypothecation of the financed vehicleView source

Hypothecation of the financed vehicle

Source: Security
Page / section: — Security
Accessed: 21 Aug 2026
Confidence: high

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Vehicle insuranceComprehensive vehicle insurance with the bank’s clauseView source

Comprehensive vehicle insurance with the bank’s clause

Source: Vehicle insurance
Page / section: — Insurance
Accessed: 21 Aug 2026
Confidence: high

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Pre-closureNilView source

Nil

Source: Pre-closure
Page / section: Benefits and
Accessed: 21 Aug 2026
Confidence: high

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Existing home-loan concession0.25% rate concession for existing home-loan borrowers with a good repayment track record and no overdueView source

0.25% rate concession for existing home-loan borrowers with a good repayment track record and no overdue

Source: Existing home-loan concession
Page / section: Rate of Interest
Accessed: 21 Aug 2026
Confidence: high

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Repayment-capacity capsSalaried: 60%/70%/80% deduction caps by GMI bands; others: 60% or 80% by average annual income bandView source

Salaried: 60%/70%/80% deduction caps by bands; others: 60% or 80% by average annual income band

Source: Repayment-capacity caps
Page / section: — Repayment capacity
Accessed: 21 Aug 2026
Confidence: high

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NRI Car Loan eligibilitySalaried employees, businessmen, professionals, company directors, proprietors, partnership firms and corporates can apply for a new private-use car, MUV or SUV. Minimum borrower age is 21 and co-applicant 18; age at loan end must not exceed 70 years.View source

The official Eligibility and sections publish applicant types, purpose and age conditions.

Source: Baroda Car Loan for /
Page / section: Eligibility /
Accessed: 23 Aug 2026
Confidence: high

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NRI Car Loan limits and pricingFinance is up to ₹1 crore or 90% of on-road price, with maximum tenure 84 months and 10% margin. Minimum CIBIL cut-off is 725; pre-closure charges are nil and interest is daily-reducing. Existing home-loan borrowers with good repayment receive a 0.25% rate concession.View source

The official Benefits and sections publish finance, tenure, margin, , pre-closure and concession rules.

Source: Baroda Car Loan for /
Page / section: Benefits /
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Tenure84 monthsView source

84 months This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.

Source: Maximum tenure
Page / section: — Repayment Period — comparison field: Tenure
Accessed: 21 Aug 2026
Confidence: high

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Processing feeCar Loan and Digital Car Loan: ₹1,500 + GST for a loan up to ₹10 lakh, or ₹2,000 + GST above ₹10 lakh. Direct Car Loan: ₹1,000 + GST; Yoddha customers: nil; State/Central/PSU employees: ₹500 + GST. The schedule is the unified processing-charge source linked by the NRI car page and applies to the named car-loan variants.Effective 1 Apr 2025View source

The current service-charge table publishes ₹1,500/₹2,000 slabs and the named concessions; the car page directs applicants to unified processing charges.

Source: Bank of Baroda service charges — Car Loan & Digital Car Loan
Page / section: Mortgages & Retail Asset — Car Loan & Digital Car Loan
Accessed: 29 Aug 2026
Confidence: high

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The linked official rate table publishes the new-car floating effective range as 7.60% to 11.30% and identifies -based pricing. The / product page directs applicants to that rate information and separately publishes the existing-home-loan-borrower concession.

Source: Bank of Baroda Retail Loans Interest Rates
Page / section: Baroda Auto Loan — Car Loan / New Car
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Income eligibilityNo fixed minimum income amount is stated. Salaried applicants are assessed using 24 times average gross monthly income from the last 3 months; other applicants use 4 times average gross annual income from the last 2 years. The page also publishes FOIR bands of 60%–80% for salaried applicants and 60%/80% by average annual-income band for others.View source

The official table states 24 times average last-three-month for salaried applicants and 4 times average two-year gross annual income for others; it does not state a fixed minimum income amount.

Source: Baroda Car Loan for / — income criteria
Page / section: Eligibility based on Income Criteria; Eligibility based on Repayment capacity
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

BenchmarkBank of Baroda says BRLLR applies to all retail lending products. The current page lists BRLLR at 7.90% (repo 5.25% + markup/base spread 2.65%) effective 6 December 2025 and 1-year MCLR at 8.75% effective 12 August 2026. Product-specific spreads, CIBIL pricing and scheme conditions determine the applicable rate.Effective 12 Aug 2026View source

The page states that was introduced for all retail lending products and gives the current , repo-plus-spread composition and reference. It does not state that one single spread applies to every product.

Source: Bank of Baroda Retail Loans Interest Rates
Page / section: benchmark; benchmark; retail loan rate tables
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Competitive-rate / car finance up to ₹100 lakh and up to 84 months.
Up to 90% of the on-road price can be financed with 10% margin; interest is calculated on a daily reducing balance.
No advance and no pre-payment/foreclosure charge are published.
The page states no fixed income floor: salaried eligibility uses 24 times average three-month gross monthly income and other applicants use four times average two-year gross annual income.
Borrower must be at least 21 and co-applicant at least 18; vehicle hypothecation and comprehensive insurance with the bank clause are required.

Eligibility

Salaried employees, businessmen, professionals, directors of private/public limited companies, proprietors, partners and eligible corporates/trusts

Passing a listed condition does not mean the bank will approve an application.

Try the numbers

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees

Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees

Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

TableProduct/rule

Car Loan & Digital Car Loan · Published treatment₹1,500 + up to ₹10 lakh; ₹2,000 + above ₹10 lakh; named concessions apply

This value is copied from Bank of Baroda retail loan processing and prepayment rules reviewed. Check the table notes before relying on it.

Source: Bank of Baroda service charges — retail processing and prepayment schedule · Mortgages & Retail Asset; Pre-Payment Charges under Fixed Rate Retail Loans Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 2 columnsBank of Baroda retail loan processing and prepayment rules reviewedKey rows preserved from the current official service-charge schedule and linked product pages.View tableHide table

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Bank of Baroda retail loan processing and prepayment rules reviewed
Product/rule	Published treatment
Car Loan & Digital Car Loan	₹1,500 + up to ₹10 lakh; ₹2,000 + above ₹10 lakh; named concessions apply
Home Loan & Home Improvement Loan	0.50% (min ₹8,500, max ₹15,000) up to ₹50 lakh; 0.25% (min ₹8,500, max ₹25,000) above ₹50 lakh; takeover ₹8,500
/ Home Loan	Processing waived; out-of-pocket ₹8,500/₹10,000/₹3,500 + by channel/project; non- takeover login ₹1,500 refundable
Fixed-rate Advance Against Securities	1% + of outstanding amount on prepayment
Fixed-rate Education/Skill Loan	Own-source nil; takeover 0.50% of outstanding
bob Insta Personal Loan	Floating nil; fixed 3% + during first 3 years; nil after 36 months and stated exceptions
-Surya Ghar	No foreclosure charges
E-commerce overdraft and loan	No product-specific prepayment charge published in reviewed materials

is extra where the schedule says so. A Not published result means the named product page and applicable current schedule were both checked; no value is inferred from another product.

Bank of Baroda service charges — retail processing and prepayment schedule · Mortgages & Retail Asset; Pre-Payment Charges under Fixed Rate Retail Loans · effective 1 Apr 2025 · accessed 29 Aug 2026Open official source ↗

Table 2 · 2 rows · 3 columnsBank of Baroda linked rate rowsMatching rate rows used for the NRI/PIO car loan and pre-approved home loan.View tableHide table

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Bank of Baroda linked rate rows
Product	Published rate / spread	Current benchmark
/ Car Loan — new car	7.60%–11.30% p.a. floating	-linked; -based pricing
Pre-Approved Home Loan	−0.70% to +1.05% (7.20%–8.95% at 7.90%)	7.90% effective 06.12.2025

The official rate page's dynamic effective-rate cells render 0.00%; the spread and benchmark are preserved as the controlling published information.

Bank of Baroda Retail Loans Interest Rates · Baroda Auto Loan and Home Loan floating-rate tables · effective 6 Dec 2025 · accessed 29 Aug 2026Open official source ↗

Table 3 · 3 rows · 4 columnsBank of Baroda retail-lending benchmark referenceCurrent benchmark values and effective dates from the official retail-loans rate page.View tableHide table

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Bank of Baroda retail-lending benchmark reference
Reference	Published value	Effective date	Use
	7.90% = repo 5.25% + markup/base spread 2.65%	6 December 2025	Benchmark for retail lending; product-specific spread and risk pricing still apply.
1-year	8.75%	12 August 2026	Reference used by products or fixed/legacy pricing that expressly links to .
Base rate	9.45%	12 May 2025	Reference where a product's published terms expressly use Base Rate.

The page says covers retail lending products but also shows product-specific spread tables; the benchmark is not itself the final customer rate.

Bank of Baroda Retail Loans Interest Rates · benchmark; benchmark · effective 12 Aug 2026 · accessed 29 Aug 2026Open official source ↗

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Baroda Car Loan for NRI/PIOs

What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

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Baroda Advance Against Securities (Kisan Vikas Patra / e KVP)

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Baroda Car Loan for /