Baroda UP Gramin Bank Car Loan

Baroda UP Gramin Bank Car Loan Key Features – Jan 2021

Baroda UP Gramin Bank Car Loan Interest Rate

7% 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 Gold Loan to its customers. The bank offers low interest rates and less processing fee. A Car Loan can be availed by the bank to get maximum LTV values. The payments can be done online or by post dated cheques. One of the benefits of Baroda UP Gramin Bank 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

Baroda UP Gramin Bank Car Loan Eligibility

Salaried Individual
  • Age – 21 years to 60 years
  • Net Monthly Income – Minimum ₹ 20,000
  • Employment Duration – 1-year minimum
  • Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs.2 lakh
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 2 lakh
  • Employment Duration – 3 years minimum
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • At least 6-month vintage
  • Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
  • Maximum Loan Amount –  3 times the Average Quarterly Balance of the last 2 Quarters

Baroda UP Gramin Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate

7% 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:

1. 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

2. 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:

Car Loan EMI Calculator

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:

  1. 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.
  2. 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.
  3. Loan Against Car – Borrowers who need the funds ungently can apply for this loan by providing their car as a gage and get a loan amount against it.

How to Apply for Baroda UP Gramin Bank Car Loan?

  1. Visit Dialabank and fill the form available on the top of the page.
  2. You can scroll to the Car Loan page and have a look at the Car Loans offered by different banks..
  3. Our Relationship Manager will contact you shortly to guide you through Baroda UP Gramin Bank Car Loan process.
  4. 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 Car Loan from Baroda UP Gramin Bank?

Apply with Dialabank to get Baroda UP Gramin Bank in the most convinient way.

✅ How does Baroda UP Gramin Bank Car Loan work?

Baroda UP Gramin Bank Car Loan is given with the new car bought acting as a collateral against the loan. You can get the loan by producing 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% per annum

.

✅ How to Check the Baroda UP Gramin Bank Car Loan status?

Go to Baroda UP Gramin Bank Car Loan website and provide the important details regarding your loan. The website will provide the latest update of the Loan. You can also visit 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 on Baroda UP Gramin Bank Car Loan?

You can avail Loan 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 100% Car Loan from Baroda UP Gramin Bank?

Yes, you can get 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 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 Baroda UP Gramin Bank Car Loan website under the Loan Status. You can also obtain the statement from the bank branch.

✅ How to Pay Baroda UP Gramin Bank Car Loan Interest Online?

Baroda UP Gramin Bank 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 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 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 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 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 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 Car Loan NOC directly from the bank branch.

✅ What is the Baroda UP Gramin Bank Car Loan closure procedure?

You need to go 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 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 Car Loan Overdraft scheme, also known as Smartdraft – Overdraft Against Salary can be availed online. Just log in to the Baroda UP Gramin Bank Car Loan online banking portal, fill out you 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 Car Loan maximum tenure is 7 years.

✅ What is the Baroda UP Gramin Bank Car Loan minimum tenure?

The Baroda UP Gramin Bank Car Loan minimum tenure is 1 year.

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