Bank of Baroda Car Loan Form PDF

PDF Name	Bank of Baroda Car Loan Form
No. of Pages	2
PDF Size	2.17 MB
Language	English
Tags	Loan Application Forms
PDF Category	Banking & Finance
Source / Credits	bankofbaroda.in
Uploaded By	Pradeep

Bank of Baroda Car Loan Form - Summary

This is an application form for a Car Loan by the Bank of Baroda. You can easily get this form from the bank’s official website at https://www.bankofbaroda.in/, or you can quickly download it as a PDF using the link provided below.

Fill Out the Bank of Baroda Car Loan Form

Applicant’s Name
Category Type of Applicants (i.e., SC/ST/OBC/Other)
Residence Address
About Yourself
Credit Card Details
Self Employed/Professional/Business Information
Salaried Person Details
Proposed Loan Information
Income Details
And any other required details

Eligibility Criteria for the Bank of Baroda Car Loan

Salaried Employees
Businessmen, Professionals, and Farmers
Directors of Private and Public Limited Companies, Proprietors of Proprietorship Firms, Partners of Partnership Firms
Corporates (Partnership, Private Limited, Public Limited, and Trust)
NRIs/PIOs

Documents Needed for the Car Loan Application

Make sure you have these important documents ready:

Photo ID with age proof (like PAN card, passport, driving license)
Signed application form with 3 passport-sized photographs
Residence proof, such as:
- Valid Passport
- Voter ID Card
- Driving License
- Postpaid Utility Bill (like gas or electricity bill)
- Updated Passbook or Bank Account Statement
- Notarized Registered Rent Agreement
Bank Statement for the last six months
If you are a salaried individual:
- Last 3 months’ Salary Slips
- Form 16 or Income Tax Returns
If you are self-employed:
- Balance Sheet and Profit and Loss Account, Computation of Income for the last 2 years
- Income Tax Returns for the last 2 years, 26 AS, Traces
- Business Proof: Gomasta License, Registration Certificate, Service Tax Registration, etc.
- IT Assessment/Clearance Certificate, Income Tax Challans/TDS Certificate (Form 16A)/Form 26 AS for income declared in ITR

Highlights of Bank of Baroda’s Car Loan and Interest Rates

Processing Fee: Rs. 1500/- + GST
Loan Tenure: Up to 7 years for new cars
Loan Amount: Up to 90% of the on-road price of the car, with no prepayment charges
Interest Rate: Based on BRLLR
Daily Reducing Balance System
Credit Score or CIBIL Score, which should be within the defined scores of the Bank
Repayment Period: Up to 84 months, determined by EMI
All cars financed by the bank are hypothecated to the Bank, and this is removed upon full and final payment of the loan
Eligible Profiles: Salaried Employees, Businessmen, Professionals, Corporates, NRIs, and PIOs
Age Range: 21 to 70 years for obtaining an auto loan
Bank of Baroda also offers car loan balance transfers from another bank and top-up car loans, provided the borrower meets the eligibility criteria