Bank of Baroda Car Loan Interest Rate: Are you also planning to buy a car? Bank of Baroda has brought the best offer for you. Public sector bank BOB has reduced the interest rates on car loans. This is a limited time offer. You can avail the benefit of cheap car loan till 31st March
Bank of Baroda Car Loan Interest Rate: Public sector bank BOB has given a gift to the customers. Bank of Baroda has reduced the floating interest rates on car loans by a whopping 65 basis points (BPS), bringing the rate down to 8.75% from the previous 9.40%. That is, Bank of Baroda has reduced the interest rates on car loans.
Bank of Baroda car loan offer
If you are planning to take a loan to buy a car, then you will get the loan cheaply at low interest. These new rates have come into effect from 26 February 2024. Bank of Baroda is offering this offer for a limited time. Bank of Baroda customers can avail the benefit of this offer till 31 March 2024. That means, you have more than a month when you can avail the cheap car loan of Bank of Baroda to buy a car.
You can avail the benefit till 31st March 2024
According to the bank, this Baroda Car Loan is a special period offer on floating interest rate, starting from 26 February 2024 to 31 March 2024. The new interest rates will be applicable on the purchase of new cars. It will also depend on the credit profile of the car loan borrower as to what rate he will get the car loan.
This is the car loan interest rate
Bank Baroda Car Loan also offers a fixed interest rate which starts from 8.85%.
Apart from this, the bank also offers zero pre-payment charge on floating interest rate option. Additionally, processing fees are waived in both fixed and floating interest rate options. Interest on Bank of Baroda Car Loan (both fixed and floating) is calculated on the basis of daily reducing balance. Loan payment can be made for 84 months.
