Bank of Baroda, established in 1908 and headquartered in Vadodara, offers this electric vehicle loan at a floating interest rate of 7.6% to 11.15%, financing up to 90% of the on-road price, for loan amounts up to ₹3 crore over tenures of 37 to 84 months. The bank states a processing fee of ₹750 to ₹1,000 and a prepayment penalty of 2%.
This EV rate already carries a 0.15% concession versus the bank's standard car loan, with a further 0.25% reduction for existing home-loan customers and a 0.50% reduction where 50% liquid collateral is offered; tenure can be extended to 96 months for salaried applicants with a CIBIL score of 726 or above, and a 50% processing-fee concession is available. A fixed-rate variant is also disclosed on the same page at 8.50% to 11.05%. Minimum loan amount, applicant age, minimum salary, employment type, and documentation requirements are not published for this product.
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.