Bank Link | http://www.bankofbaroda.com/pfs/carloans.asp |
Loan Amount | Loans available up to Rs 100 Lacs for any car make/model (Inclusive of Gas-Kit) |
Interest Rate | 10.50% |
Tenure | 84 Months; 36 Months for second hand cars |
Pre Payment Charges | No Prepayment charges to be levied on the outstanding loan amount. |
Loan upto Rs.15 lacs - 0.75%(Max. Rs.10,000/-); Over Rs.15 lacs - 0.50%(Min. Rs.10,000/-, No maximum limit)
"Charges for Late Payment of EMI:
2% p.a. on overdue amount for overdue period. In addition to above, Service Tax as applicable from time to time shall be levied.
Other Expenses: - like stamp duty for execution of documents, registration charges varying from State to State and other related charges/ expenses for the loan shall be borne by the Borrower."
To qualify as an applicant for this loan, you need to be an employee or a director of a public limited company, businessman, professional, proprietor / partner in a firm or a Govt employee.
Self | |
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Minimum Age (in yrs.) | 21-65 Years |
Minimum Income (in Rs.) | Income Criteria Not Available |
Minimum Work Experience (yrs.) | Information not available |
Residence Status (yrs.) | Valid Residence proof |
Id Proof | Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card |
Address Proof | Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate |
DOB Proof | Birth Certificate or 10th Class Passing Certificate |
Salaried | |
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Minimum Age (in yrs.) | Minimum 21 years; Maximum present age + repayment period should not exceed retirement age in case |
Minimum Income (in Rs.) | Income Criteria Not Available |
Minimum Work Experience (yrs.) | Information not available |
Residence Status (yrs.) | Valid Residence proof |
Id Proof | Govt. I Card/ Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card |
Address Proof | Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate |
DOB Proof | Birth Certificate or 10th Class Passing Certificate |