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bob Digital Car Loan

Secure your dream car with Bank of Baroda

Interest rateFixed new-car rate 8.50%–9.35% p.a.; floating new-car rate 7.60%–8.75% p.a. (BRLLR-linked). GCLI changes the applicable rate as stated on the page.FinancingUp to 93% financing; 7% margin on on-road vehicle price excluding insurance premiumMaximum loan amount₹50 lakh in the MITC; the FAQ separately states individual maximum ₹200 lakh and non-individual maximum ₹500 lakh
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Quick eligibility check

bob Digital Car Loan

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No fixed minimum rupee income is published?

Published source: Repayment capacity

2Does your annual income meet this requirement: For salaried applicants, maximum total deductions are 65% below ₹50,000 net monthly income, 75% from ₹50,000 to below ₹1.50 lakh, and 85% above ₹1.50 lakh?

Published source: Repayment capacity

3Does your annual income meet this requirement: For self-employed applicants, the bands are 60% below ₹6 lakh gross annual income and 80% at ₹6 lakh and above?

Published source: Repayment capacity

4Are you this type of customer: Resident individuals applying singly may be salaried, self-employed professionals, self-employed businesspersons or insurance agents?

5Do you meet this requirement: The purpose is purchase of a new passenger car, MUV, SUV or electric car for private use?

6Document checkDo you have this required document or proof: PAN and Aadhaar (mandatory)?

Published source: Repayment capacity

7Document checkDo you have this required document or proof: Digitally generated bank-account statement for the last six months (mandatory)?

Published source: Repayment capacity

8Document checkDo you have this required document or proof: Self-employed applicants: digitally generated ITR-3/ITR-4 for the last two years?

Published source: Repayment capacity

9Document checkDo you have at least one of these required documents: The Bank defines digital statements as those received by email or generated through net banking and ITR files downloaded from the Income Tax website?

Published source: Repayment capacity
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 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 typeDigital car loan for new passenger cars, MUVs, SUVs and electric cars for private useView source
Digital car loan for new passenger cars, , and electric cars for private use
Source
Loan type
Page / section
Product overview and Eligibility
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Interest rateFixed new-car rate 8.50%–9.35% p.a.; floating new-car rate 7.60%–8.75% p.a. (BRLLR-linked). GCLI changes the applicable rate as stated on the page.View source
The live fixed and floating tables publish these ranges and GCLI adjustments.
Source
bob Digital Car Loan
Page / section
Interest rates & charges — Fixed and Floating Rate
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum loan amount₹50 lakh in the MITC; the FAQ separately states individual maximum ₹200 lakh and non-individual maximum ₹500 lakhView source
₹50 lakh in the ; the separately states individual maximum ₹200 lakh and non-individual maximum ₹500 lakh
Source
Maximum loan amount
Page / section
and
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Repayment tenure12 to 84 months; fixed-rate minimum period 37 monthsView source
12 to 84 months; fixed-rate minimum period 37 months
Source
Repayment tenure
Page / section
Features and
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Minimum borrower age21 yearsView source
21 years
Source
Minimum borrower age
Page / section
Features and Age Criteria
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Maximum age at loan end58 years for salaried borrowers; 65 years for self-employed borrowersView source
58 years for salaried borrowers; 65 years for self-employed borrowers
Source
Maximum age at loan end
Page / section
Features and Age Criteria
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Bureau-score requirementMinimum bureau/CIBIL cut-off 701; score −1 is also eligibleView source
Minimum bureau/ cut-off 701; score −1 is also eligible
Source
Bureau-score requirement
Page / section
Features and
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
FinancingUp to 93% financing; 7% margin on on-road vehicle price excluding insurance premiumView source
Up to 93% financing; 7% margin on on-road vehicle price excluding insurance premium
Source
Financing
Page / section
Benefits and
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
SecurityHypothecation of the financed vehicle, removed after full repaymentView source
Hypothecation of the financed vehicle, removed after full repayment
Source
Security
Page / section
Features and
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Unified processing charges₹1,500 + GST up to ₹10 lakh; ₹2,000 + GST above ₹10 lakh; ₹1,000 + GST under Baroda Direct Car Loan; nil for Baroda Yoddha; ₹500 + GST for State/Central/PSU employees; nil when customer approaches the bank directlyView source
₹1,500 + up to ₹10 lakh; ₹2,000 + above ₹10 lakh; ₹1,000 + under Baroda Direct Car Loan; nil for Baroda Yoddha; ₹500 + for State/Central/ employees; nil when customer approaches the bank directly
Source
Unified processing charges
Page / section
Interest rates & charges
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Insurance-linked rate adjustment0.05% concession for opting for Group Credit Life Insurance, subject to minimum 8.60%; floating individual customers not opting for GCLI pay an additional 0.05% on each slabView source
0.05% concession for opting for Group Credit Life Insurance, subject to minimum 8.60%; floating individual customers not opting for GCLI pay an additional 0.05% on each slab
Source
Insurance-linked rate adjustment
Page / section
Interest rates & charges
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureFixed-rate digital car loan follows the published car-loan rule: nil up to cumulative ₹40,000 within the first two years and after two years; otherwise 2% plus GST in the first two years.Effective 1 Apr 2025View source
The schedule explicitly groups car and digital car loans.
Source
Service Charges
Page / section
Pre-Payment — Car Loan and Digital Car Loan
Accessed
12 Sept 2026
Confidence
high
Open official source ↗
Penal charge2% p.a. on overdue/default amounts and specified non-compliance outstanding balance for the default periodView source
2% p.a. on overdue/default amounts and specified non-compliance outstanding balance for the default period
Source
Penal charge
Page / section
Penal Charges
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Required documentsPAN, Aadhaar and digitally generated six-month bank statement; self-employed applicants additionally provide ITR-3/4 for the last two yearsView source
, Aadhaar and digitally generated six-month bank statement; self-employed applicants additionally provide -3/4 for the last two years
Source
Required documents
Page / section
Document Required
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Application channelsBranch, online application, processing cells, missed call/SMS, bob World and net banking for existing customersView source
Branch, online application, processing cells, missed call/, bob World and net banking for existing customers
Source
Application channels
Page / section
— How to Get a Car Loan
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Digital Car Loan eligibilityResident individuals applying singly may be salaried, self-employed professionals (including doctors, engineers, architects, interior designers, technology-management consultants and practising company secretaries), insurance agents or self-employed business persons. Minimum age is 21; maximum age at loan end is 58 for salaried and 65 for self-employed applicants. Minimum bureau/CIBIL score is 701; score −1 is also eligible.View source
The official Features and Eligibility sections publish customer types, ages and bureau-score rules.
Source
bob Digital Car Loan
Page / section
Features / Eligibility
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Digital Car Loan rates and limitsLoan amount is up to ₹50 lakh with up to 93% financing, tenure 12–84 months and 7% margin on on-road price excluding insurance. Fixed rate is 8.50%–9.35%; floating rate is 7.60%–8.75%. Processing charge is ₹1,500 + GST up to ₹10 lakh and ₹2,000 + GST above ₹10 lakh; no prepayment charge applies to individual floating-rate loans.View source
The official Benefits, rate table and publish loan, finance, tenure, margin, rates and charges.
Source
bob Digital Car Loan
Page / section
Benefits / Interest rates & charges /
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Tenure12 months to a maximum of 84 months, determined by the EMI amount.View source
The feature section publishes the 12–84 month range.
Source
bob Digital Car Loan
Page / section
Features — Repayment period
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum financeUp to 93% financing of a new private-use car; the vehicle-loan summary publishes up to ₹50 lakh for bob Digital Car Loan.View source
The product page publishes up to 93% financing; the vehicle-loan catalogue gives the ₹50 lakh summary limit.
Source
bob Digital Car Loan
Page / section
Overview; Benefits — Financing
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Repayment capacityNo fixed minimum rupee income is published. For salaried applicants, maximum total deductions are 65% below ₹50,000 net monthly income, 75% from ₹50,000 to below ₹1.50 lakh, and 85% above ₹1.50 lakh. For self-employed applicants, the bands are 60% below ₹6 lakh gross annual income and 80% at ₹6 lakh and above.View source
The page replaces a single minimum income with published deduction-to-income bands.
Source
bob Digital Car Loan
Page / section
Eligibility Criteria — Repayment Capacity
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing fee₹1,500 + GST up to ₹10 lakh and ₹2,000 + GST above; Direct Car Loan ₹1,000 + GST; nil for direct-approach and Yoddha customers; ₹500 + GST for State/Central/PSU employees.Effective 1 Apr 2025View source
The auto row applies to car and digital car variants.
Source
Service Charges
Page / section
Car Loan and Digital Car Loan
Accessed
12 Sept 2026
Confidence
high
Open official source ↗
BenchmarkBRLLR-linked)View source
The manually reviewed product record states: “Fixed new-car rate 8.50%–9.35% p.a.; floating new-car rate 7.60%–8.75% p.a. (-linked). GCLI changes the applicable rate as stated on the page.”.
Source
bob Digital Car Loan — official product page
Page / section
Published product metadata
Accessed
21 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Paperless digital application process.
  • Finance up to 93% of the new-car cost.
  • Direct disbursement and quick processing.
  • No floating-rate prepayment charges and no foreclosure charges are published.
  • Concessional processing charges, including 100% concession for qualifying government and defence salary-account customers.

Eligibility

  • Resident individuals applying singly may be salaried, self-employed professionals, self-employed businesspersons or insurance agents.
  • The purpose is purchase of a new passenger car, , or electric car for private use.
  • Minimum age is 21; maximum age at the end of the loan is 58 for salaried and 65 for self-employed applicants.
  • Minimum score is 701; a score of -1 is also eligible.
  • Total deductions including the proposed must remain within the published bands by net monthly or gross annual income.

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

Documents the bank lists

  • and Aadhaar (mandatory).
  • Digitally generated bank-account statement for the last six months (mandatory).
  • Self-employed applicants: digitally generated -3/-4 for the last two years.
  • The Bank defines digital statements as those received by email or generated through net banking and files downloaded from the Income Tax website.

Related official documents

bob Digital Car Loan — official product pageproduct-page · current · accessed 21 Aug 2026
↗
Bank of Baroda service charges — retail processing and prepayment scheduleofficial-service-charge-page · current · accessed 29 Aug 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
↗
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
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

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

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.

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

Scroll sideways to view every column

Bank of Baroda retail loan processing and prepayment rules reviewed
Product/rulePublished treatment
Car Loan & Digital Car Loan₹1,500 + up to ₹10 lakh; ₹2,000 + above ₹10 lakh; named concessions apply
Home Loan & Home Improvement Loan0.50% (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 LoanProcessing waived; out-of-pocket ₹8,500/₹10,000/₹3,500 + by channel/project; non- takeover login ₹1,500 refundable
Fixed-rate Advance Against Securities1% + of outstanding amount on prepayment
Fixed-rate Education/Skill LoanOwn-source nil; takeover 0.50% of outstanding
bob Insta Personal LoanFloating nil; fixed 3% + during first 3 years; nil after 36 months and stated exceptions
-Surya GharNo foreclosure charges
E-commerce overdraft and loanNo 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 · 9 rows · 2 columnsbob Digital Car Loan — rate, income and fee bandsPublished digital-car rates, repayment-capacity bands and processing charges.View tableHide table

Scroll sideways to view every column

bob Digital Car Loan — rate, income and fee bands
BandPublished detail
Fixed new car8.50%–9.35% p.a.
Floating new car7.60%–8.75% p.a.; -linked
Salaried net income below ₹50,000/monthMaximum deductions 65%
Salaried ₹50,000–below ₹1.50 lakh/monthMaximum deductions 75%
Salaried above ₹1.50 lakh/monthMaximum deductions 85%
Self-employed below ₹6 lakh gross annual incomeMaximum deductions 60%
Self-employed ₹6 lakh and aboveMaximum deductions 80%
Processing₹1,500 + up to ₹10 lakh; ₹2,000 + above ₹10 lakh
Finance / tenureUp to 93%; 12–84 months
  • minimum is 701; -1 is also eligible. GCLI adjustments are stated on the product page.
bob Digital Car Loan · Eligibility Criteria; Interest rates & charges · accessed 30 Aug 2026Open official source ↗

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