Bank of Baroda Car Loan in Bengaluru

Last Updated : Jan. 11, 2019, 5:59 p.m.

About Bank of Baroda Car Loan Bengaluru

Come to the glorious city of Bengaluru, the capital of Karnataka, your eyes will pop up when you see the lovely roads in the city. And with roads, it’s a car that comes to the mind first, isn’t it? How can you buy a car whose cost ranges in lakhs to crores depending upon the segment of the model you opt for? A car loan from Bank of Baroda (BoB) with attractive interest rates is the answer to the question. So, let’s see how Bank of Baroda Car Loan can let you drive the dream 4-wheeler.

Bank of Baroda Car Loan Bengaluru at a Glance

Eligibility Criteria

Driving your dream car in Bengaluru would require the passing of eligibility test as conducted by Bank of Baroda. The below points will give you an idea of the car loan eligibility.

• Both salaried and self-employed should be a minimum of 21 years at the time of loan application. While both of them must ensure they are not more than 65 years by the time the proposed loan tenure expires.
• The bank seeks a stable source of earning before approving the loan.

Documentation

Inability to crack the documentation stage will undo all your hard work and could well deprive you the keys to your dream car. Therefore, you should give the due attention to the kind of documents that the bank require to give a nod to your car loan application submitted in Bengaluru. Find out the documents in the points below.

• Documents for Identity-PAN Card/Aadhaar Card/Passport/Voter ID/Driving License
• Documents for Residence Proof-Aadhaar Card/Passport/Voter ID/Utility Bills
• Documents for Income Proof–Latest Salary Slips & Form 16 for Salaried, Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years
• Last 6-month Bank Statement
• Documents for Business Establishment Proof-Utility Bills of Shops & Establishments, Any of Service Tax/Sales Tax/VAT Registration for Self-employed

For more information, visit Car Loan Bengaluru

Bank of Baroda Car Loan Bengaluru Branches

The bank runs a large number of branches, which in number exceed well past 5,000. And since Bengaluru is the destination of top IT firms like Infosys, Wipro, among others, the bank has located many of its branches in the city to cater to the car loan requirements here. Check out the branch details in the table below.