Baroda UP Gramin Bank Car Loan Key Features – Apr 26 2024
| Baroda UP Gramin Bank Car Loan Interest Rate | 7.35% per annum |
| Minimum Loan Amount | ₹ 100,000 |
| Maximum Loan Amount | Loan up to 90% of On Road Price |
| (Loan to Value) | or 100% of Ex-showroom Price |
| HDFC car Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 1,622 |
| Minimum Net Monthly Income | ₹ 20,000 |
| Minimum ITR for Self Employed | ₹ 2,00,000 |
| Age Criteria | Salaried: 21 years to 60 years Self Employed: 21 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs). |
| Baroda UP Gramin Bank Car Loan Processing Fee | 0.40% of the principal amount |
| Foreclosure Charges | 6% (7-12 months) |
| Basic Documentation | Address Proof, Bank Statement, Car Quotation and ID Proof |
About Baroda UP Gramin Bank Car Loan
Baroda UP Gramin Bank offers car Loans to its patrons. The bank offers low-interest rates and fewer processing fees. A Car Loan can be availed by the bank to get maximum LTV values. The payments can be made online or by post-dated cheques. One of the benefits of Baroda UP Gramin Bank’s Car Loan is that even if you have a low CIBIL Score, the loan can be availed.
Advantages of Baroda UP Gramin Bank Car Loan
Baroda UP Gramin Bank Car Loan Eligibility
| Salaried Individual |
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| Self-Employed Individuals |
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| Self-Employed Non-Individuals (Company/Partnership) |
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| Priority Customers |
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Baroda UP 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. |
| Baroda UP Gramin Bank Car Loan Processing fee | 0.40% | 0.40% |
| Issuance of Duplicate Repayment Schedule Charges | Around Rs.500 | Around Rs.500 |
| Foreclosure Charges | 6% | 6% |
| Penal Interest | 2% PM | 2% PM |
| Baroda UP Gramin Bank Car Loan Part Payment charges | 6% of the amount | 6% of the amount |
| Cheque/Instrument Swap Charge | Around Rs.500 | Around Rs.500 |
| Documentation Charge | Around Rs. 500 | Around Rs. 500 |
| Issuance of Duplicate No Dues Certificate Charges | Around Rs. 500 | Around Rs. 500 |
| Registration Certification Collection Charge | Around Rs. 200 | Around Rs. 200 |
| Cheque Bounce/Instrument Return Charges | Around Rs. 500 | Around Rs. 500 |
| Issuance of Duplicate Statement Charges | Around Rs. 500 | Around Rs. 500 |
| Loan Cancellation/Re-booking Charges | Around Rs. 1000 | Around Rs. 1000 |
| Issuance of Credit Report | Around Rs. 50 | Around Rs. 50 |
Baroda UP Gramin Bank Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof (Any 1) | Passport Voter ID Aadhar Card Driving License |
| Address Proof(Any 1) | Aadhar Card PAN Driving License Electricity Bill |
| Date of Birth Proof (Any 1) | Passport Birth Certificate High School Marksheet Driving Licence |
| Signature Proof (Any 1) | PAN Bankers Verification Passport |
| Income Proof | Salary Slip and latest Form No.16 |
| Bank Statement | Last 6 month Bank statement |
| Employment Continuity Proof | Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | PAN Card Passport Voter ID Aadhar Card |
| Address Proof (Any 1) | PAN Card Voter ID Passport Electricity Bill |
| Date of Birth Proof (Any 1) | Birth Certificate Passport Driving Licence PAN |
| Signature Proof (Any 1) | PAN Bankers Verification Passport |
| Bank Statement | Bank statement of last 6 months |
| Employment Continuity Proof | Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate |
| Business Proof | Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate |
Self-Employed Non-Individuals:
Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving License PAN Card Aadhar Card Passport |
| Address Proof (Any 1) | Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID |
| Income Proof | Audited Balance Sheet P&L Account ITR for the previous 2 years |
| Bank Statement | Last 6 month |
| Business Continuity Proof | Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement |
| Additional documents | Letter of Authority or PAN Card |
Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | The latest copy of MOA and AOA Copy of Incorporation |
| Address Proof (Any 1) | SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Previous 6 Months |
| Business Continuity Proof | P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate |
| Additional documents |
List of Shareholding partners and Directors
Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co. |
Baroda UP Gramin Bank Car Loan EMI Calculator
The applicant can calculate its Baroda UP Gramin Bank Car Loan EMI before even availing it by following the address below:
Baroda UP Gramin Bank Car Loan Types
Baroda UP Gramin Bank provides different types of Car Loans. You can choose them depending upon your requirements and interests.
The Bank offers the following types of Car Loans:
- New Car Loan – Applicants looking to buy a new car should go for this. You can get a car loan for a minimum amount of Rs. 1 lakh that goes up to 7 years.
- Used Car Loan – Applicants wanting to buy used cars can avail Used Car loan for a minimum amount of Rs. 1 Lakh for a tenure of 5 years.
- Loan Against Car – Borrowers who need the funds ungently can apply for this loan by providing their car as collateral and get a loan amount against it.
How to Apply for Baroda UP Gramin Bank Car Loan?
- Visit Dialabank and fill the form available on the top of the page.
- You can scroll to the Car Loan page and look at the Car Loans offered by different banks.
- Our Relationship Manager will contact you shortly to guide you through the Baroda UP Gramin Bank Car Loan process.
- Compare and select from various options available.
FAQs for Baroda UP Gramin Bank Car Loan
✅ What is Baroda UP Gramin Bank Car Loan?
Baroda UP Gramin Bank Car Loan is given to provide financial support provided by the bank to its customers to buy their dream car.
✅ How can I get a Car Loan from Baroda UP Gramin Bank?
Apply with Dialabank to get Baroda UP Gramin Bank in the most convenient way.
✅ How does Baroda UP Gramin Bank Car Loan work?
Baroda UP Gramin Bank Car Loan is given with the new car bought as collateral against the loan. You can get the loan by producing the required documents. The Bank charges a minimal Rate of Interest against the loan.
✅ What is the Car Loan Interest Rate in Baroda UP Gramin Bank?
Baroda UP Gramin Bank Car Loan interest rate starts from
7.35% per annum
.✅ How to Check the Baroda UP Gramin Bank Car Loan status?
Go to the Baroda UP Gramin Bank Car Loan website and provide the essential details regarding your loan. The website will provide the latest update of the Loan. You can also visit the Baroda UP Gramin Bank branch.
✅ How to check the Baroda UP Gramin Bank Car Loan interest calculator?
Dialabank EMI Calculator can be used to calculate Interest Rate as well as EMI. Follow the link to direct yourself to the calculator:
Dialabank Calculator
✅ What is the maximum loan amount I can avail myself of on Baroda UP Gramin Bank Car Loan?
You can avail Loan of up to 100% LTV on the vehicle.
✅ What is the loan tenure of Baroda UP Gramin Bank Car Loan?
Loan tenure of Baroda UP Gramin Bank Car Loan is 1 Year to 7 Years in case of New Car and 1 Year to 5 Years in case of Used Cars.
✅ Can I get a 100% Car Loan from Baroda UP Gramin Bank?
Yes, you can get a 100% Car Loan from Baroda UP Gramin Bank on the Ex-Showroom price of the vehicle.
✅ How much Processing Fee is applicable on Baroda UP Gramin Bank Car Loan?
Baroda UP Gramin Bank Car Loan charges 0.40% of Principal Amount as the Processing Fee that can go up to a maximum of Rs.10,000.
✅ What are the EMI options available on Baroda UP Gramin Bank Car Loan?
Baroda UP Gramin Bank Car Loan Provides two EMI options Step-up EMI and Balloon EMI.
✅ What are the charges for Baroda UP Gramin Bank Car Loan Payment or Prepayment?
Foreclosure of HDFC car loan is 6% of the loan amount.
✅ Can I get a top-up loan on my existing Baroda UP Gramin Bank Car Loan?
Baroda UP Gramin Bank Car Loan has Zero paperwork Top-up instantly against existing Car Loan on a fixed reducing Rate of Interest.
✅ Do I need to provide a guarantor to avail a car loan from Baroda UP Gramin Bank Car Loan?
Baroda UP Gramin Bank’s Car Loan doesn’t require any guarantor to avail Car Loan.
✅ How to get Baroda UP Gramin Bank Car Loan Statement?
The statement can be download online from the Baroda UP Gramin Bank’s Car Loan website under the Loan Status. You can also obtain the report from the bank branch.
✅ How to Pay Baroda UP Gramin Bank Car Loan Interest Online?
Baroda UP Gramin Bank’s Car Loan Interest can be paid directly through the Bank website or by providing the Loan Account Number and paying using Net Banking or Debit/Credit Cards.
✅ What if I can’t pay the interest on Baroda UP Gramin Bank Car Loan for 3 months?
Baroda UP Gramin Bank’s Car Loan charges 24% of the outstanding amount or a Fee ranging from Rs.500 to Rs.5000 for not paying the EMI for 3 months.
✅ How can I apply for EMI Moratorium on Baroda UP Gramin Bank Car Loan?
You can apply for EMI Moratorium on Baroda UP Gramin Bank’s Car Loan directly from the bank website’s Loan corner.
✅ What is the number for Baroda UP Gramin Bank Car Loan agent?
Call Dialabank at 9878981166 as it is one of the most trusted Baroda UP Gramin Bank’s Car Loan agents. We will assist you throughout the process and get instant loan approvals if you are eligible.
✅ Can I close the Baroda UP Gramin Bank Car Loan loan online?
Baroda UP Gramin Bank’s Car Loan can only be closed by visiting the nearest bank branch.
✅ What is Baroda UP Gramin Bank Car Loan Customer Care Number?
For contacting Baroda UP Gramin Bank’s Car Loan Customer Care, dial 9878981166, and we’ll take care of the rest.
✅ How can I get from Baroda UP Gramin Bank Car Loan NOC?
You can get Baroda UP Gramin Bank’s Car Loan NOC directly from the bank branch.
✅ What is the Baroda UP Gramin Bank Car Loan closure procedure?
You need to go to the bank with the documents. After the dues are paid and the documents verified, your car loan account is closed.
✅ What are the Baroda UP Gramin Bank Car Loan preclosure charges?
Baroda UP Gramin Bank’s Car Loan preclosure charges are up to 6%+ GST.
✅ What is the Baroda UP Gramin Bank Car Loan overdraft scheme?
The Baroda UP Gramin Bank’s Car Loan Overdraft scheme, also known as Smartdraft – Overdraft Against Salary, can be availed online. Just log in to the Baroda UP Gramin Bank’s Car Loan online banking portal, fill out your loan application details and get an overdraft under your name.
✅ What is the Baroda UP Gramin Bank Car Loan maximum tenure?
The Baroda UP Gramin Bank’s Car Loan maximum tenure is 7 years.
✅ What is the Baroda UP Gramin Bank Car Loan minimum tenure?
The Baroda UP Gramin Bank’s Car Loan minimum tenure is 1 year.
