Bank of Baroda New Car Loan
Bank of Baroda Car Loan with one of the lowest starting rates and a preferential EV-financing option.
At 8.55%, Bank of Baroda has one of the lowest starting rates of the 12 lenders we track for new car loans.
Documents required
- PAN Card
- Aadhaar Card
- 3 months salary slips
- 6 months bank statement
- Address proof
As published by Bank of Baroda. Your branch may ask for more.
Best for: Rate-optimisers and EV buyers wanting PSU-bank reliability and a preferential green-vehicle rate.
Eligibility
Loan terms
- Among the lowest car loan starting rates
- Government bank reliability
- Finances EVs with preferential rate
Fees & charges
FAQ
Used-car loans price higher than new-car loans because of the collateral risk — see the separate used-car page. Salary-account customers often get a small rate discount on new cars.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.
More from Bank of Baroda
- Home LoanRate8.4 – 10.65%Feeup to 0.25%Max tenure30 yr
- Loan Against PropertyRate9 – 11%FeeVariesMax tenure20 yr
- Used Car LoanRate10.2 – 12.95%Feeup to 0.5%Max tenure5 yr