Baroda Rajasthan Kshetriya Gramin Bank Car Loan Key Features – Apr 19 2024
| Baroda Rajasthan Kshetriya Gramin Bank Car Loan Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 1,00,000 |
| Max Loan Amount (Loan to Value) |
100% of Ex-showroom Price |
| Loan Tenure | 12 to 84 months |
| Lowest EMI / Lac | ₹ 1,634 |
| Minimum Net Monthly Income | ₹ 25,000 |
| Minimum ITR for Self Employed | ₹ 4,00,000 |
| Age Criteria | Salaried: 21 years – 60 years Self Employed: 21 years – 70years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs). |
| Processing Fee | 0.50% or minimum Rs.1500 |
| Foreclosure Charges | Nil |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, and Car Quotation |
About Baroda Rajasthan Kshetriya Gramin Bank Car Loan
Baroda Rajasthan Kshetriya Gramin Bank is a semi-state guaranteed money-related establishment formed on first Oct 1938 and is as of now under the upkeep of the CEO R.K.Chhibber.
Gotten comfortable Srinagar, Baroda Rajasthan Kshetriya Gramin’s Government claims Baroda Rajasthan Kshetriya GraminBank’s 68.18% offers. Baroda Rajasthan Kshetriya Gramin Bank gives different financial things to its customers. Baroda Rajasthan Kshetriya Gramin Car Loan is available for customers wanting to buy their dream vehicle at an Affordable Rate of Interest.
Advantages of Baroda Rajasthan Kshetriya Gramin Bank Car Loan
Baroda Rajasthan Kshetriya Gramin Car Loan Eligibility
| Salaried Individual | Age – Should be a minimum of 21 years old and should not exceed 60 years. |
| Net Monthly Income – Rs.25000 is the base criteria. | |
| Employment Duration – At least one year | |
| Income Eligibility – Form 16 | |
| Self-Employed Individuals | Age – 21-70 years of age |
| Minimum ITR – Rs. 4 lakh | |
| Employment Duration – 3 years(minimum) | |
| Income Eligibility – Latest Income Tax Returns | |
| Self-Employed Non-Individuals (Company/Partnership) | Minimum ITR – Rs. 4 lakh, Rs. 18 lakhs (for selected car models) |
| Employment Duration – Minimum 3 years | |
| The applicant has to present IT returns and audited financials of 2 years with Calculated Income. | |
| Priority Customers | Applicant must be associated with at least six months. |
| Average Quarterly Balance – Rs.5000 | |
| Maximum Loan Amount – 3 times |
Baroda Rajasthan Kshetriya Gramin Bank Car Loan Interest Rate, Fees, and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% per annum |
14.80% p.a. to 16.80% p.a. |
| Processing fee | 0.50%(minimum Rs.1500) | 0.50%(minimum Rs.1500) |
| Issuance of Duplicate Repayment Schedule Charges | Above Rs.350 | Above Rs.350 |
| Foreclosure Charges | Nil | Nil |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | 5% of the paid amount | 5% of the paid amount |
| Cheque/Instrument Swap Charge | Above Rs.350 | Above Rs.350 |
| Documentation Charge | Above Rs.350 | Above Rs.350 |
| Issuance of Duplicate No Dues Certificate Charges | Above Rs.350 | Above Rs.350 |
| Registration Certification Collection Charge | Above Rs.150 | Above Rs.150 |
| Cheque Bounce/Instrument Return Charges | Above Rs.350 | Above Rs.350 |
| Issuance of Duplicate Statement Charges | Above Rs.350 | Above Rs.350 |
| Loan Cancellation/Re-booking Charges | Nil | Nil |
| Issuance of Credit Report | Above Rs.50 | Above Rs.50 |
Baroda Rajasthan Kshetriya Gramin Bank Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof | Voter ID |
| Aadhar Card | |
| Passport | |
| Address Proof | Driving License |
| Passport | |
| Electricity Bill | |
| Date of Birth Proof | Birth Certificate |
| Passport | |
| Driving License | |
| PAN | |
| Signature Proof | PAN Card |
| Bankers Verification | |
| Passport | |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last three months |
| Employment Continuity Proof | ITR of Form 16 |
| Salary Slip with Joining Date | |
| Work Experience Certificate | |
| Appointment Letter |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof | Aadhar card |
| PAN Card | |
| Driving License | |
| Address Proof | Driving License |
| Aadhaar Card | |
| Voter ID | |
| Utility Bills | |
| Date of Birth Proof | Birth Certificate |
| Passport | |
| Driving License | |
| High School Marksheet | |
| Signature Proof | Passport |
| PAN | |
| Bankers verification | |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last three months |
| Employment Continuity Proof | Current Account Statement |
| SSI or MSME Registration Certificate | |
| Shop & Establishment Act Certificate | |
| Sales Tax or VAT Certificate | |
| Business Proof | Telephone Bill |
| Electricity Bill | |
| Current Account Statement | |
| Sales Tax or VAT Certificate | |
| Registered Lease Document with other utility bills | |
| Shop & Establishment Act Certificate | |
| SSI or MSME Registration Certificate |
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof | Driving License |
| Aadhaar Card | |
| Passport | |
| PAN | |
| Voter ID | |
| Address Proof | Driving License |
| Aadhaar Card | |
| Passport | |
| PAN | |
| Voter ID | |
| Income Proof | Audited Balance Sheet |
| P&L Account and ITR for the previous two years | |
| Bank Statement | Bank statement of last three months |
| Business Continuity Proof | Shop & Establishment Act Certificate |
| Current Account Statement | |
| SSI or MSME Registration Certificate | |
| Sales Tax or VAT Certificate | |
| Additional documents | Authority Letter/PAN cards |
2. Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Driving License |
| Aadhaar Card | |
| Passport | |
| PAN | |
| Voter ID | |
| Address Proof | Driving License |
| Aadhaar Card | |
| Passport | |
| PAN | |
| Voter ID | |
| Income Proof | Audited Balance Sheet |
| P&L Account and ITR for the previous two years | |
| Bank Statement | Bank statement of last three months |
| Business Continuity Proof | Shop & Establishment Act Certificate |
| Current Account Statement | |
| SSI or MSME Registration Certificate | |
| Sales Tax or VAT Certificate | |
| Additional documents | Authority Letter/PAN cards |
Baroda Rajasthan Kshetriya Gramin Car Loan EMI Calculator
Check your EMIs even before applying for the loan by following this:
Baroda Rajasthan Kshetriya Gramin Bank Car Loan Types
Baroda Rajasthan Kshetriya Gramin Bank gives different monetary items, and Car Loan is one among them. Contingent on the requirements, the Loan can be benefited:
- New Car Loan – For the people who are looking for another and new vehicle. Advantage from this credit for a versatile residency of up to 7 years.
- Used Car Loan – Take a Used Car Loan for buying any reused vehicle with full records available. Get the acknowledge for long residencies up to 5 years.
- Advance Against Car – Individuals can even get a credit against their had vehicles for smart resource supports by keeping the vehicle regarding the protection.
Baroda Rajasthan Kshetriya Gramin Bank Car Loan Pre Calculated EMI
Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466
How to Apply for Baroda Rajasthan Kshetriya Gramin Bank Car Loan?
- Reach out to Dialabank and fill in the necessary information.
- Connect with our all-around prepared Relationship administrator and find out about the alternatives accessible.
- Select the best Car advance as indicated by your requirements for long is accessible.
- All the direction and administrations all through the Car advance cycle are liberated from cost.
FAQs for Baroda Rajasthan Kshetriya Gramin Bank Car Loan
✅ What is Baroda Rajasthan Kshetriya Gramin Bank Car Loan?
Baroda Rajasthan Kshetriya Gramin Bank Car Loan is a secured loan provided by the Bank to applicants looking to allocate funds for buying a new or used car.
✅ How can I get a Car Loan from Baroda Rajasthan Kshetriya Gramin Bank?
Baroda Rajasthan Kshetriya Gramin Car Loan can be availed by applying directly through Dialabank or reaching out to the nearest branch of the Bank.
✅ How does Baroda Rajasthan Kshetriya Gramin Bank Car Loan work?
Working on Baroda Rajasthan Kshetriya Gramin Bank Car Loan is pretty simple as it involves allocating funds to its customers willing to buy a car and keeping the same as collateral. The rate of Interest is charged against the loan and is repaid in burdenless EMIs.
✅ What is the Car Loan Interest Rate in Baroda Rajasthan Kshetriya Gramin Bank?
Car Loan Interest Rate in Baroda Rajasthan Kshetriya Gramin Bank is as low as
7.35% per annum
.✅ How to Check Car Loan status in Baroda Rajasthan Kshetriya Gramin Bank?
Check car Loan status in Baroda Rajasthan Kshetriya Gramin Bank directly by reaching out to the Bank’s website and providing your Loan number on the Loan Status page.
✅ How to Calculate Car Loan Interest in Baroda Rajasthan Kshetriya Gramin Bank?
Calculate Car Loan Interest in Baroda Rajasthan Kshetriya Gramin Bank by using Dialabank’s Calculator. This Calculator provides information about the EMI and Interest of your Loan.
✅ What is the maximum loan amount I can avail myself of on a Car Loan from Baroda Rajasthan Kshetriya Gramin Bank?
Car Loans from Baroda Rajasthan Kshetriya Gramin Bank can avail you of up to 100% amount of the ex-showroom price of the vehicle.
✅ What is the loan tenure of the Baroda Rajasthan Kshetriya Gramin Bank Car Loan?
Baroda Rajasthan Kshetriya Gramin Bank Car Loan Tenure range between 12 to 84 months.
✅ Can I get a 100% Car Loan from Baroda Rajasthan Kshetriya Gramin Bank?
Yes, a 100% car loan from Baroda Rajasthan Kshetriya Gramin Bank can be provided on the Ex-showroom price of the car.
✅ How much Processing Fee is applicable on Baroda Rajasthan Kshetriya Gramin Bank Car Loan?
Processing Fees of 0.50% or a minimum of Rs.1500 is applicable on Baroda Rajasthan Kshetriya Gramin Bank Car Loan.
✅ What are the EMI options available on Baroda Rajasthan Kshetriya Gramin Bank Car Loan?
EMI options of Step-up EMI and Balloon EMI are available with Baroda Rajasthan Kshetriya Gramin Bank Car Loan.
✅ What are the charges for Prepayment in Baroda Rajasthan Kshetriya Gramin Bank Car Loan?
There are NO charges for Prepayment in Baroda Rajasthan Kshetriya Gramin Bank Car Loan.
✅ Can I get a top-up loan on my existing Baroda Rajasthan Kshetriya Gramin Bank Car Loan?
Top-up Loan on Existing Baroda Rajasthan Kshetriya Gramin Bank Car Loan can only be availed under particular circumstances.
✅ Do I need to provide a guarantor to avail myself of a Car Loan from Baroda Rajasthan Kshetriya Gramin Bank?
A guarantor is not needed to avail of a Car Loan from Baroda Rajasthan Kshetriya Gramin Bank.
✅ How to get Baroda Rajasthan Kshetriya Gramin Bank Car Loan Statement?
Baroda Rajasthan Kshetriya Gramin Bank Car Loan Statement is readily available on the Bank’s website and can be availed by providing the Loan Details.
✅ How to Pay Baroda Rajasthan Kshetriya Gramin Bank Car Loan Interest Online?
Pay Baroda Rajasthan Kshetriya Gramin Bank Car Loan Interest Online through Bank’s Payment gateways using your Net Banking.
✅ What if I can’t pay the interest on Baroda Rajasthan Kshetriya Gramin Bank Car Loan for 3 months?
Bank has the right to seize the vehicle or charge a nominal penalty for not paying Baroda Rajasthan Kshetriya Gramin Bank Car Loan EMI for 3 Months.
✅ How can I apply for EMI Moratorium on Baroda Rajasthan Kshetriya Gramin Bank Car Loan?
EMI Moratorium on Baroda Rajasthan Kshetriya Gramin Bank Car Loan can be requested directly with the Bank.
✅ What is the number for Baroda Rajasthan Kshetriya Gramin Car Loan agent?
9878981166 is the number for Baroda Rajasthan Kshetriya Gramin’s most valuable Car Loan Agent, i.e. Dialabank.
✅ Can I close Baroda Rajasthan Kshetriya Gramin Bank Car Loan online?
Baroda Rajasthan Kshetriya Gramin bank car Loan cannot be closed online; an Applicant has to reach the branch for the closure process.
✅ What is Baroda Rajasthan Kshetriya Gramin Bank Car Loan Customer Care Number?
9878981166 is the number for all the queries related to Baroda Rajasthan Kshetriya Gramin Bank Car Loan.
✅ How can I get NOC from Baroda Rajasthan Kshetriya Gramin Bank for a Car Loan?
NOC from Baroda Rajasthan Kshetriya Gramin for a Car Loan can be availed after completing the foreclosure process.
✅ What is the Baroda Rajasthan Kshetriya Gramin Bank Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Baroda Rajasthan Kshetriya Gramin Bank Car Loan account.
- Pay the pre-closure charges as per Baroda Rajasthan Kshetriya Gramin Bank Car Loan.
✅ What is the Baroda Rajasthan Kshetriya Gramin Bank Car Loan pre-closure charges?
Baroda Rajasthan Kshetriya Gramin Bank’s pre-closure charges are zero.
✅ What is the Baroda Rajasthan Kshetriya Gramin Bank Car Loan maximum tenure?
The Baroda Rajasthan Kshetriya Gramin maximum tenure is 7 years.
✅ What is the Baroda Rajasthan Kshetriya Gramin Bank Car Loan minimum tenure?
The Baroda Rajasthan Kshetriya Gramin Bank Car Loan minimum tenure is 1 year.
