Announcement for shifting branch premises of Bank of Baroda, Doliya Branch, Ta. Sayla, Dist. Surendranagar
Bank announces Financial Results for Quarter ended, 30th June 2026.
As an enhanced security measure, our official Corporate Website has migrated to a new domain : https://bankofbaroda.bank.in
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
10 Feb 2023
Documents Required for Car Loan
General Documents
Car Loan Documents - Salaried Individuals
Car Loan Documents - Self Employed Professionals
Car Loan Documents - Self Employed Non-Professionals
Get Instant Car Loan at Bank of Baroda
Applying for a car loan is a great way to own a car and repay by manageable EMIs. Loans are a powerful instrument planned by financial institutes like banks, for borrowers who can aspire to a better living by planning and calibrating expenses to achieve better material goals. Loan eligibility comes with certain criteria and documents are needed to qualify a candidate for a loan. The documents are evidence of loan eligibility and a transaction between the borrower and the lender.
Loan documents generally include documents that each borrower is required to submit. The car loan documents list will include an individual’s KYC, and an estimate outlining the terms and conditions of the loan. This is the first paperwork that needs to be filled out by the lender. The loan contract binds the borrower to the lender for a specific period. Car loan application paperwork supplied by the borrower enables evaluation and the risk at which the lender is lending money to the borrower.
Getting a car loan has become simple through the process of an online application. Individuals can apply for two types of car loans , purchasing a new car or a used car. With the right documents and minimal paperwork, banks offer 90% and 75% financing for purchasing new and pre-owned cars. Mostly all financial institutes extend car loans. The service is relatively simpler for salaried individuals than self-employed as additional documents are required for this category.
Follow the car loan documents list below to know the documents required by the bank for car loans.
Salaried individuals can get car loans easily as it is easier to estimate their creditworthiness. Owing to the consistent cash flow of their income, they follow a steady savings and expense ratio. Self-employed individuals may not always have a regular flow of income making them less creditworthy. A car loan is available for salaried individuals from private limited companies, the public sector, both central and state government employees as well as a public sector undertaking. Employees are eligible for a loan from the age of 21 years and their loan maturity tenure should not exceed 70 years. This can be included with the spouse or a co-applicant (close relative).
Car finance documents for Salaried Individuals
Self-employed people include high-income professionals like lawyers, chartered accountants, doctors in private practice etc. Insurance agents, shop owners, freelancers and merchants attached to some sort of a trade, business, or service fall under this category. These individuals are required to go through extensive paperwork to qualify for a car loan eligibility . Documents like a lease agreement with the landlord as proof of rent paid per month, income proof, the most recent tax return certificate, and asset proof like banks statements or the title document for the car are used as collaterals, and credit report less than two years old is also used. Self-employed sole proprieties in the business of manufacturing, trading and service can apply for car loans at a minimum age of 21, their loan maturity period must not exceed 70 years.
Car finance documents Self Employed Professionals
Documents for Self Employed non-professionals follow the same requirement criteria as would for any self-employed person.
Car finance documents Self Employed Non-Professionals
Bank of Baroda is one of the most reliable banks when it comes to applying for car loans. Bank of Baroda car loans offers up to 90% (100% also on select models also) finance for the on-road price of a new automobile. You can get upto Rs. 5.00 crore for new car. The interest rate is calculated based on the CIBIL score of the applicant and the daily reducing balance. The bank allows a repayment tenure of up to 84 months. With an affordable processing fee, the loan is applicable for salaried, corporate, NRIs, professionals, and self-employed individuals.
The reason why the Bank of Baroda should be any car loan seeker's preferred choice is:
You can calculate the EMI from their online Car Loan EMI calculator. Apply for a loan only from the Bank of Baroda website. Provide your email ID, and telephone number with other required information and the bank will get in touch with you. If you feel comfortable visiting the branch, visit the nearest branch. Follow the document requirements and apply and enjoy the benefits of a car loan instantly.
The contents of this article/infographic/picture/video are meant solely for information purposes and do not necessarily reflect the views of Bank of Baroda. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Bank of Baroda and/ or its Affiliates and its subsidiaries make no representation as to the accuracy; completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Bank of Baroda or its affiliates to any licensing or registration requirements. Bank of Baroda shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
Owning a car is a dream of almost every individual in India. With the ease of securing loans, buying cars, either new or pre-owned, has become an achievable dream. Banks and other financial institutions are loaning sums to many for fulfilling aspirations. Is everyone eligible for car loans? Banks make it possible for everyone to apply for and receive a car loan as long as they fulfil some criteria. Private and popular financial FinTechs are easier on the eligibility criteria for car loans if borrowers are willing to pay high-interest rates. Banks are safe and dependable sources for borrowing funds. They have thus minimised their requirements but continue to hold some as essential for ascertaining the eligibility of the candidate along with reducing their risk percentage while loaning to individuals. Let us talk about eligibility for car loans in greater detail.
At Bank of Baroda, you can get financing of up to 90% of the on-road price of a brand new car of your choice if you opt for Car Loan . Anyone can avail of a Bank of Baroda Car Loan, subject to their eligibility. These are available for a maximum loan tenure of 7 years, and the loan amount can be as much as Rs 1 crore. The bank gives a 0.25% concession on the interest rate to its existing home loan customers with a clean credit history. What's more, Concession of 0.50% in rate of interest on Car Loans to those applicant/s who offer minimum 50% of Loan limit as liquid collateral security e.g. Fixed Deposit of our Bank, NSC, KVP or LIC Policy.
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