Car Loan 

Vijaya Bank Car Loan – Interest Rates 2024, EMI, Eligibility

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Vijaya Bank offers car loans -Get details on Documents, EMI, Eligibility, Fees & charges. Calculate EMI with Calculator online at Deal4loans.

Interest Rates 8.65 – 10.40
Repayment period Upto 7 Years
Contribution Upto 85% of New Vehicle
Age Eligibility 21 – 70
Toll Free Number 1800 425 5885

Vijaya Bank Car Loan Types

Baroda Digital Car Loan
Baroda Car Loan
Baroda Auto Loan for Pre Owned Car

Vijaya Bank Car Loan Interest Rates

Fixed Rate:

Product Conditions Repo Rate + Spread Effective Rate of Interest
Car Loan New Car 1 year MCLR + 0.05% to 1 year MCLR+2.50% From 8.70% to 11.15%

0.05% additional ROI will be applicable on each slab where Individual Customer does not opt GCLI (Group Credit Life Insurance).

Floating Rate:

Product Conditions Repo Rate + Spread Effective Rate of Interest
Car Loan New Car From BRLLR + SP to BRLLR+SP+3.25% From 9.40% to 12.65%

0.05% additional ROI will be applicable on each slab where Individual Customer does not opt GCLI (Group Credit Life Insurance).

Unified Processing Charges:

  • 0.50% of loan amount plus GST
  • (Minimum Rs. 2500/-+GST and maximum Rs. 10,000 + GST)

Documents required for Vijaya Bank Car Loan

Own the car of your choice, be it a hatchback, sedan, MUV, SUV, sports car or a luxury car. This car loan is available to salaried employees, businessmen, professionals, corporates as well as NRIs and PIOs.

Loan Amount: Up to Rs. 5 crore
Maximum Tenure: 84 months

Baroda Car Loan : Documents Required

More than a dream, having a car is nowadays a necessity to be able to get from one place to another without having to wait for tightly packed public transport, or to have the freedom to go anywhere anytime without worrying about time schedules. Bank of Baroda offers car loans at really attractive rates, flexible tenure and easy installments, one of the lowest in the industry, so you can have your dream car without feeling the pinch of a making a big ticket purchase. When it comes to Bank of Baroda, the process to secure a car loan is really simple.

All you need to do is make sure you have the following documents handy:

  • Photo ID with age proof (like, PAN card, passport, driving license)
  • Signed application form with 3 passport sized photographs
  • Residence proof like valid passport, voter ID card, driving license, postpaid utility bill (gas bill and electricity bill), updated passbook or bank account statement, notarized registered rent agreement
  • Bank statement for the last six months
  • If the applicant is a salaried individual
    1. Last 3 months’ salary slips
    2. Form 16 or Income Tax Returns
  • If the applicant is a self-employed individual
    1. Balance sheet and profit and loss account, computation of income for last 2 years
    2. Income Tax Returns – last 2 years for applicants, 26 AS, Traces
    3. Business proof: Gomasta License, Registration Certificate, Service Tax Registration, among others
    4. IT Assessment/Clearance Certificate, Income Tax Challans/TDS Certificate (Form 16A)/Form 26 AS for income declared in ITR

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